What is an endorsed local provider?
Endorsed local provider (ELP) is a designation Ramsey’s organization offers to help financial professionals who have been vetted by his organization connect to people looking for personal financial services.
How much does an ELP cost?
How much does Dave Ramsey ELP cost?
| Dave Ramsey ELP | Ideal Agent | |
|---|---|---|
| Listing fee | $10,800* | $8,000 |
| Buyer’s agent commission** | $10,800 | $10,800 |
| Total commission | $21,600 | $18,800 |
| Savings vs. traditional agent | $0 | $2,800 |
What is an ELP in real estate?
What is the Endorsed Local Provider (ELP) program? The ELP program is a nationwide service connecting people like you with the top 10% of real estate agents in their area for help with home buying and home selling.
How do you become a Dave Ramsey endorsed local provider?
The process to become an ELP or SmartVestor Pro is extremely thorough. Once an agent or advisor submits an application, Dave’s team reviews their business background. To be selected as a candidate, professionals must: Have proper licensing and be in good standing with their respective regulatory agencies.
How much do ELPs pay Dave Ramsey?
Real estate agents must pay a monthly fee to be part of Dave Ramsey’s ELP program. They pay anywhere from $400-$900 per month for Dave Ramsey’s endorsement. This can come out to be $45-$60 per lead. That payment is not necessarily a negative thing.
Why use an ELP Dave Ramsey?
ELPs are insurance agents and brokers and tax and accounting professionals. The ELP designation primarily serves marketing purposes, as Ramsey guides his legion of fans to use the program to find financial service providers. ELP members get coaching from Ramsey’s staff about how to provide good customer service.
Why does Dave Ramsey not like eXp?
Dave Ramsey does not think that eXp agents should be part of the Dave Ramsey team. He doesn’t want people who don’t follow these rules working at his company – even if most real estate companies have accepted eXp Realty agents into their brokerage.
What’s the Dave Ramsey plan?
Dave Ramsey’s 7 Baby Steps: Baby Step 1: Save $1,000 in an emergency fund. Baby Step 2: Pay off all debt (except your mortgage) using the debt snowball method. Baby Step 3: Save 3-6 months of expenses in an emergency fund. Baby Step 4: Invest 15% of your household income for retirement.
How old is Dave Ramsey?
61 years (September 3, 1960)
Dave Ramsey/Age
Does Dave Ramsey pay ELPs?
Real estate agents must pay a monthly fee to be part of Dave Ramsey’s ELP program. They pay anywhere from $400-$900 per month for Dave Ramsey’s endorsement. Just because these ELPs pay for the privilege of being in the program doesn’t mean that they are less professional or less competent.
Does Dave Ramsey recommend financial advisors?
Dave Ramsey maintains that commission-based financial advisers are just fine. He recommends that you hire a “pro” because, “statistics show that ‘do-it-yourselfers’ are quick to jump out of funds when they begin to underperform. We do not recommend either his ELP network or his SmartVestor adviser advertising service.
How much do SmartVestor pros make?
If you take the 1,400 advisors in the SmartVestor Pro program and they each pay the minimum $400 a month, this comes to $560,000 in fees Dave Ramsey is earning. Over the course of a year the earnings from the SmartVestor Pro fees comes to $6,720,000!