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Agent Resources

Frequently Asked Questions

How do I get my commission on a transaction?

If you cc docs@pellego.com throughout your transaction, we will keep track of your closing date and be proactive with preparing your commission form. If you have not cc'd us, please send us your transaction files to docs@pellego.com.

Required Documents
- Purchase and Sale Agreement
- All Adenda
- Earnest Money Deposit
- Commission Disbursement Form
- Final Settlement Statement

If we have escrow's contact info, we can prepare the commission disbursement form for you, and collect the final settlement statement.

How do I order a signpost for an upcoming listings?


Please email team@pellego.com and we will help you get set up in the following portals. These vendors also print signs and warehouse them.

WASHINGTON

Gregs Post
Create Account
Order Signpost
Printing Signs - email Art at signsbygp@gmail.com

CALIFORNIA

Northern California

Real Estate Sign Supplies
Order via email: info@realestatesignsupplies.com (Rick)

Southern California

Dee Sign
deesignca.com

FLORIDA

Miami/Dade/Palm Beach

South Florida Sign Company
southfloridasigncompany.com
No account needed, order here

Tampa

Printing - Email John from Signs By Mineo at: artwork@signsbymineo.com (If ordering Open House Signs, sign frames must be ordered HERE)

ListPro
Installation & Storage - Sign up HERE for a ListPro account
Create Account

Orlando

Listing Services Central Florida
https://listingservicescentralflorida.com

Why should I bother with MLS deals?

[UPDATE NUMBERS BEFORE PUBLISHING]

From analyzing 13,000 flips in greater Seattle-area since 2002, we find that on average, MLS-purchased flips sell for 1.8x their purchase price compared with 1.6x off-market and 1.4x at foreclosure auctions.

While we do not know the condition of these flips, we think if anything MLS-purchased flips are in better condition, not worse. Furthermore, off-market deals often have an assignment fee and foreclosure deals have a commission paid on top of the purchase price, which makes MLS deals even more favorable than the numbers suggest.

Our guts tell us that this feels off, and to some extent this is true. The opportunity for luck is greater in these markets, and the top 10% of off-market flips perform better than the top 10% of MLS-purchased flips. Nevertheless, the MLS still presents a meaningful buying advantage for rehab investors.

This suggest there is more supply (deals) relative to demand (competing buyers) when shopping for deals on the MLS versus off market or at foreclosure auction.

From a supply perspective, 4_% of historical flips were purchased from the MLS versus 3_% off-market and 2_% at a foreclosure auction. With more supply, the MLS can absorb more demand.

From a demand perspective, we can say there's roughly 87% of the relative demand off-market as measured by the resale multiples (1.4 / 1.6). Because there are 1.25x more deals on the MLS than off-market (4_% / 3_%), we can deduce there is about 1.09x more demand (87% * 1.25).

In other words, there is 1.09x more demand on the MLS, but 1.25x more supply to absorb it.

We can't say for sure, but we have some theories as to why there is less competition on the MLS than it might appear.

For starters, prospective homeowners cannot easily finance properties that need repairs, and when they do compete it is normally for cosmetic flip opportunities. Many sellers also over price their listings and end up accepting a lowball offer—think of it as a hidden supply on the MLS.

The demand for off-market deals is also is also higher than it appear. From intuition and the advice of others, investors gravitate to the idea that buying off-market or at the auction is less-competitive. The problem is that everyone thinks this way.

In many cases, investors are purchasing overlapping mailing listings and calling on the same FSBO directories.

This is not to say you should only pursue MLS-listed opportunities. Rather, we believe the MLS should be an active source of opportunities for serious investors. From analyzing 13,000 flips in greater Seattle-area since 2002, we find that on average, MLS-purchased flips sell for 1.8x their purchase price compared with 1.6x off-market and 1.4x at foreclosure auctions.

How do I print my own signs and open house boards?

As a general step, feel free to email team@pellego.com and our team will help prepare your proofs and place your orders. There's no cost for us to do this, it is just often easiest for everyone.

If you want to place the orders yourself, you will need to email or upload a PDF of the design you want to these vendors

WASHINGTON

Gregs Post
Art Miro
signsbygp@gmail.com

CALIFORNIA

Northern California

Real Estate Sign Supplies
Order via email: info@realestatesignsupplies.com (Rick)

Southern California

Dee Sign
deesignca.com

FLORIDA

Miami/Dade/Palm Beach

South Florida Sign Company
southfloridasigncompany.com
No account needed, order here

Tampa

Signs By Mineo
John
artwork@signsbymineo.com (If ordering Open House Signs, sign frames must be ordered HERE)

Orlando

Listing Services Central Florida
https://listingservicescentralflorida.com

What are the rules for designing custom signs and business cards?

You can use your own logo, colors, etc. Our only requirement are the minimum state guidelines, which means you must put the firm name and your brand name cannot use restricted terms such as "Brokerage" "Realty" or "Real Estate"

So, you could call yourself ABC Associates, but you can't call yourself ABC Real Estate

For displaying our name, it just has to be not hidden. We recommend using our Powered by Pellego decals. Here's a PNG file (no background) with the logo in white, here's one with the logo in black.

How do I update my credit card or bank information?

Please email us at team@pellego.com or call us at 425-441-3180

Where can I find copies of our insurance, w9, and bank information?

Do you have any job openings?

If you are amazing, we want to know. Here is a list of current openings, and we are always open to unsolicited pitches.

Marketing

Click on a template to open it in Google Drawings. To edit the content, select File > Add to Drive

Flyers

Regular Flyer (8.5" x 11")
Laminated Flyer (11" x 15") — Order With Sign Post

Signs

Listing Signs (24" x 32")
Open House Signs (24" x 24")

Business Cards

Front (2" x 3.5")
Back (2" x 3.5")

Logos

Education

California

Coming soon!
Managing Broker
Joseph Homs
949.749.3730
joe@pellego.com

Florida

Coming soon!
Managing Broker
Violet Rose
561.332.1887
violet@pellego.com

Washington

Transactions 101

Other Topics

Managing Broker
Gideon Sylvan
206.321.0913
gideon@pellego.com