Although we are lucky and arrogant, our place in the market has allowed us to change the face of the real estate industry. The growth of the Internet and the advent of electronic commerce have not had any impact on our business plan. The Internet, in our opinion, is just a tool used by our company to supply services directly to an agent’s home office, but still conform to all our legal obligations under state and federal laws. Our company has the option to pay 100% commission on all sales for our agents, a status that is reserved only for the best realtors. We can charge them $200 per monthly plus $100 for each sale and listing. You can see that our projections show we can do this, and still make huge profits. This is why it’s imperative for agents to join our company. They save thousands of dollar. We make a huge profit and our clients save a lot. Amerihall Realest(r), which is a title awarded to real estate agents who have achieved the highest levels of professionalism and knowledge, are members of Amerihall.
This program partners are both highly capable in the automation and knowledge of real estate agents. With the Web’s ability to change quickly, we were able create a site that addresses the needs of the realty industry. This website is accessible to all parties, including clients, suppliers and real estate educational services. Our company will offer continuing education classes exclusively via our website to agents. They can do all of the continuing education required by their respective states from their computers at home. All the way to automatic renewal of their state license through the appropriate agencies, the process will be completed.
Simply put, we are ‘#8220 the future of real-estate”. With the support of these affiliated organizations, this will transform the real estate sector.
1.1 Strategic Alliances
AT&T provides all our Web services. It also automates servers that are specifically tailored for agents. Agents can receive all their calls through the virtual floor plan. Each agent will receive an extension number. Clients will be asked to enter their extension number when they call our toll free phone number. The agent’s home office will receive the call. If a client doesn’t have the extension numbers for an agent, they’ll be instructed to enter another option. The call is automatically forwarded the Amerihall agent nearest to them. AT&T recognizes the strength in our business plan and anticipates that we will grow so quickly that they need to automate more of their systems to meet the demand. Their projection, which is independent of our own, is 10,000 within the 1st year and an anticipation for 100,000 transactions on their network before retooling their system. Their strength lies with their ability supply all of their potential clients with high-band Internet access using cable modems. We are currently looking at a script page to allow our agents easy sign up and discounted installation program. This will allow our agents to sign-up easily and provide a discounted program for installation. Our agents will also be able to link directly through our website, which promotes fast Internet access at low rates. Growth of our company will depend on how quickly clients and agents adapt technology. AT&T is the best option for implementing these products.
Bank of America is the provider of most services to our company. They recognized early on in preliminary talks with our Web developer that this company will be a huge asset to the real estate industry. Aside from providing merchant services that meet our billing requirements, they have also created scripts in collaboration with our Web development team to accommodate the unique needs of Amerihall Agents. Amerihall has developed a system that allows agents to deposit their escrow check directly into our corporate account. This can be done from their virtual office terminal. The electronic transfer will take place instantly and the receipt will be printed immediately to the printer of the realtors’#8217. This service is unique in the industry. Our clients will have the best quality control possible as the bank will also certify our escrow accounts monthly.
These measures exceed all state requirements regarding escrow management. The software developers at Bank of America are working on additional features that will allow agents and clients to monitor the progress of transactions from start to finish.
Sterling Capital Mortgage is a national brokerage firm for residential mortgages. They have made it possible for agents to visit our site online exclusively to check the credit history of clients. The server will instantly print a prequalification letters, which can be used by the client and agent to make an offer to purchase a specific property. This, again, is a system that was developed specifically for Amerihall and its members.
Lowen Signs, the largest manufacturer of real estate signs in the country, is the best. Our agents can order personalized Amerihall signs online and have them shipped directly to their offices.
1.2 Service Description
Our product will be offered online to agents, giving them the power to manage all their realty activities. They have already access to the Internet’s regional multiple listing services. This allows them to list their listings and report their sales. We want to offer them all of the services that a traditional office offers without ever having to visit the designated office.
Agents will be able pick a job to do and the website will direct them to the page where they can complete it.
If agents need to order paper supplies, they simply go to our vendor area and pick the style, quantity, and the personal information to be printed. This website will be connected with a printer which will fill the order, and then ship the material directly back to the agents’ home offices. In the end, we would like to make the entire event transparent to the agent. We want it to look like Amerihall’s other service. This system could also be used for house signs, Errors & Omissions Insurance policies, home inspection agencies, real estate lawyers, and property lawyers. We will also offer a website to a nationally-recognized mortgage company. A realtor can easily enter the personal information of their clients. The site will run a credit report and then download a prequalification letters for the sale of the new house.
Agents can be charged by credit card using our system for all services, even monthly fees.
Our company will have a blanket Error & Omissions policy. Amerihall would pay one annual fee to the insurer and charge agents a monthly fee of around $60 each.
Finally, all agents will have access to a nationally advertised number that is toll free. This number will also be advertised on Realest(r), which includes their extension. Toll-free numbers will be called and the caller will then be asked to provide the extension. The agent’s home office would receive the phone call.
It will also be an advertised number throughout the country, which allows us to advertise the number to all potential clients through traditional advertising. AT&T automation will forward the call to the agent if a prospect calls the number. If Amerihall Realest(r), fails to locate an agent in the area, the call is returned to the corporate office. After that, it will be referred to an agent who is not participating with an agreement to pay 20%.
This will enable us pay for national advertising in order to increase our public awareness without having to burden individual agents with high costs. We are keen to eventually do all the phone features in-house as technology advances.
We will offer 24/7 online support to all our agents. There will also be an online help desk available by email.
In addition to all these feature, the agents will be able to download all of the forms used in the sale and management of real estate via the website.
In the future, our virtual office will take advantage of a live chat through NetMeeting, which will allow all agents (with the appropriate equipment) to communicate with each other, as well as deal with questions and concerns directly with our staff.
We would like to also offer agents their own email address, which corresponds with their Amerihall picture.
1.3 Description of Company
Amerihall is a culmination of the ownership of several real estate companies both franchises and partnerships. Hall Properties Realty, Inc. is a real estate brokerage that has been in operation for more than 18 years. It also owns a management and sales company. Hall properties has also owned franchise rights for a residential real estate franchise D.B.A. Re/Max Junction. We have made our real-estate sales more creative by using technology.
There are many problems with real estate sales as a system. The traditional realty office follows a plan that brokers supply basic equipment and office space. phone, fax, computer, printers). They also supply all prerequisites dictated by state law, in that the company will have a place of business that is open for inspection by the appointed agencies of the state during normal business hours. The office and all documents required to run the business will be accessible for inspection during business hours. They must also supply at most one designated broker who answers all state agencies regarding real estate-related issues.
There is no limit to the number of agents under one broker’s license, and the only rule designated by the state concerning the amount of agents is that all of their licenses must be displayed conspicuously in the office.
In the traditional office, 20%-50% of commissions are paid to the company from any sales generated by agents. They can make thousands and still charge agents for miscellaneous items. This can add up to hundreds of thousands of dollar per month.
The Re/Max program is a simple desk rental fee paid monthly on triple net leases. The average agent pays $2,000 per monthly for desk rental. A shared fee is paid for all other expenses, such as salaries, utilities, supplies, etc. ).
Both cases leave the agent responsible for any personal advertising done in an effort to benefit the office. They can never be sure that they will receive the greatest return on investment.
Our goal is to harness the power of the Internet to give agents the opportunity to work remotely from home using a computer,fax, and Internet connection. This eliminates the cost of having an office. The agent can advertise in the manner permitted by law and will receive all profits from their investment. Amerihall agents are paid a flat fee equal to $200.00 per month, and $100.00 for each transaction. The agent gets 100% of their commissions in return.
1.4 Mission
Amerihall’s mission is to transform the way real estate agents do business by replacing traditional offices with virtual ones that use the Internet. Real estate agents can save as much as $30,000- $50,000 per year by using Amerihall. This will allow them to increase their profits and be able to charge less to consumers than traditional realtors. The result is that the consumer will ultimately save thousands of money on the sale of their property.
1.5 Financing Requirements
The company’s owner has invested $125,000. Rest of the money will be raised through new members or sales of services.
Our interest in seeking outside funding is solely for the purpose of expanding on a national level. Funds will be used to market Amerihall across the United States. The Freedom of Information Act allows us to access lists from state licensing agencies. This will allow us to launch a direct marketing campaign. Our campaign will be modified slightly to take into account the differing state laws as well as regional policies for real estate agents.