What are the responsibilities and job description for the Investment Real Estate Agent [1099] position at Mynd?
About Mynd
Mynd is a tech-enabled real estate company serving the $85B property management and real estate investment market. In the past few years, consumers have gained access to free stock trades, greater transparency in the mortgage market, and apps that make managing their money more convenient. Yet real estate investment, the most powerful tool for building generational wealth, has largely been the purview of wealthier individuals and professional money managers.
Mynd is determined to overhaul that paradigm.
At Mynd, we’re on a mission to democratize access to happy homes and sustainable investments by making the purchase of single-family residential real estate as effortless as other types of investments. Investing in real estate can be intimidating, especially for first-time buyers. Moreover, many potential investors don’t want to buy real estate in their geographic area, or have been priced out of competitive big city housing markets.
With operations in 25 markets across the U.S. and real-time insights via our platform, we remove the time, communication, and geographic barriers traditionally associated with buying real estate. Investors can now find, purchase, lease, manage, and sell single-family rental properties 100 percent remotely.
Mynd is Best Places to Work certified, a Built In SF Best Places to Work 2022 winner, and was named the #1 fastest-growing East Bay company by the San Francisco Business Times in 2021. We’ve attracted talent from Starwood Waypoint Homes, The New York Times, McKinsey, BCG, Compass, Better, One Medical, Zillow, Upwork, WeWork, and Facebook. We’re backed by top VCs, including Lightspeed, Canaan, Jackson Square, and QED, and recently announced a $5 billion deal with Invesco Real Estate that will make us the largest buyer of single-family rental homes in the country.
Join us!
About the role
We are seeking a highly motivated professional with four plus years of real estate agent/broker experience. This agent/broker specializes in property sale, acquisitions or investing The ideal candidate has an established book of business and can close at least one NON-MYND generated deal a month.They also have a sizable network and would be ready to hit the ground running in areas such as, listing properties, evaluating properties and investment opportunities, drafting real estate contracts, negotiating offers, generating price and rent comp analysis, and closing real estate transactions.
Mynd generates a large volume of investors and potential investors looking to sell and acquire investment properties. We developed a sophisticated analytics platform which pulls data from multiple listing services and analyzes properties and creates pro forma financials based on proprietary algorithms. When an investor is ready to make a new purchase or sell an existing property, the person in this role will handle all the on the ground transactional steps required to draft and submit offers. They will also facilitate the closing/due diligence process for accepted offers. This person will also be selecting recommended properties and providing on the ground expert guidance.
This is a 1099 independent contractor position.
Responsibilities
- Source new opportunities through both on market and off market channels
- Execute on multiple deals per month (Mynd generated Non-Mynd generated leads)
- Handle all ‘on ground’ transactional processes to purchase a property including:
- Draft listing and purchasing agreements
- Negotiate offers
- Client communications
- Generate price and rent comparable analysis
- Show and market the property
- Facilitate closing process
- Coordinate and attend property inspections
- Prepare properties for sale
- Learn and work within Mynd internal software programs
- Partner with Mynd Closing Team/transaction coordinators to to facilitate with all closing processes and documentation"
Qualifications
- Active Real Estate Agent or Brokers License
- Thorough understanding of the real estate market and the laws, regulations, and best practices involved in real estate transactions
- 4 years of experience in real estate sales
- Specializing in property sales, acquisitions, investing, consulting, or asset management/property management.
- Experience with single family homes and Multifamily assets
- Local MLS membership & an extensive knowledge of local metro area
- Strong attention to detail and organizational skills
- Meticulous and hyper attention to detail to secure accepted offers
- Tech savvy, including Google Applications and Microsoft Office Applications
- Strong customer service, written and verbal communication, and organizational skills required
- Can effectively work independently as well as cross functionally to ensure a seamless customer experience
Fee Structure: Commission earned per transaction
Transaction Structure |
Commission Split |
Mynd referred both the Seller & Buyer (Off Market) |
10% |
Mynd referred Seller OR Buyer split |
50% |
Non-Mynd referred deals |
80% |
At Mynd, we offer a robust, competitive & unique benefits package:
- Unlimited time off
- 13 Paid holidays
- Paid Parental Leave
- Cash to purchase your own investment property through our “Project Investor Myndset” program
- 401k Match
- Wellness, home office, and cell phone subsidies
- Volunteer time off
- Robust health, dental, vision insurance, and more
- Sabbatical program
- Eligible to participate in Mynd’s equity program
At Mynd, we encourage all of our team members to:
- Be Myndful
- Always Be Entrepreneurial
- Earn Trust
- Play Team First
- Be an ‘A’ Player
- Think Like An Investor
As part of our dedication to diversity, Mynd is an Equal Opportunity Employer. Individuals seeking employment at Mynd are considered without regard to race, ethnicity, color, age, sex, religion, national origin, ancestry, pregnancy, sexual orientation, gender identity, gender expression, genetic information, physical or mental disability, registered domestic partner status, caregiver status, marital status, veteran or military status, citizenship status, or any other legally protected category.
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Salary : $85 - $0