Landnews

Real Estate

  • 1.  Real Estate

    Posted 11-05-2020 14:18
    Hello Land Colleagues.

    I am interested in how your land career has transitioned over the last few years.

    How many of you have utilized your land skills beyond oil and gas.

    Have you obtained your real estate license?

    What do you suggest about obtaining additional license in other states.

    How is this helped your career?

    Thanks
    Kimberly Smith, MPA, RPL
    432-352-6649

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    Kimberly Smith
    Baytown TX
    (432) 352-6649
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  • 2.  RE: Real Estate

    Posted 11-06-2020 11:57
    I have been a Landman for 36 years. I have worked inhouse for companies and as a broker/ independent. Having gone thru the boom/bust  cyclical nature of this business many times,  I diversified into residential and commercial real estate title work as an abstractor working for attorneys and settlement service companies. The title skills that I developed as a landman translate to this business and have kept me working both as a land professional in Oil & Gas and an abstractor in residential real estate. Additionally I obtained my title agent license about 15 years ago and do residential and commercial real estate closings.

    I plan on working as a landman as long as there is work to be done but in order to do this you have to be able to withstand slow times and survive until the next upturn up in the industry. There are many ways to "stay in the game" with the skill sets of a land professional especially if you have developed the ability to do title examination.​
    Mike Bogart
    Independent
    Jacksonville FL
    (904) 332-6499

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    Mike Bogart
    Independent
    Jacksonville FL
    (904) 332-6499
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  • 3.  RE: Real Estate

    Posted 11-12-2020 14:38
    Thank you, I just called to say hello.  Thank you for responding.  Excellent response.  Please stay in touch as a I travel between Texas and the East Coast also.

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    Kimberly Smith
    Baytown TX
    (432) 352-6649
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  • 4.  RE: Real Estate

    Posted 11-06-2020 11:57
    I actually went the opposite way, moving into O&G land work after working in other facets of O&G and having my RE license and doing part time RE work.

    RE work is similar yet different.  In Land work, we get accustomed to bi weekly or monthly paychecks (while on a project). In RE, checks are often several months in the making.  As in land work, you often have deals fall apart at the last minute.  In land work, the paychecks normally continue, but in RE, no close, no pay.

    one of biggest aggravations, is no real loyalty from your buyer.  You can work with a buyer (even with a signed buyer rep agreement) only to find them stopping by an open house over the weekend and buy from another agent.

    When I first got my RE license, one of the instructors made a statement that I have remembered to this day: " all buyers are liars and sellers are too.

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    Paul Robertson
    Dale Resources, Inc.
    Kingwood TX
    (817) 313-1275
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  • 5.  RE: Real Estate

    Posted 11-09-2020 11:22
    I am proud to be a land man!!!!!  Not everyone can be!!! Quit trying to think of anything to keep the member numbers of AAPL up!!!! AAPL should represent it's members.  Let other professional groups worry about their own. A real estate agent is not a land man , neither is a right of way agent, or a division order analyst!!!!!!!!!


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    Robert Brock CPL
    Jackfork Land, Inc.
    Oklahoma City OK
    (405) 840-5999
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  • 6.  RE: Real Estate

    Posted 11-10-2020 12:42
    I think the question was just seeking perspectives on how to use acquired skills to deal with such hard downturns as a lot of people are hurting.

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    Cameron Bettis CPL
    Simpson, Thacher & Bartlett LLP
    Houston TX
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  • 7.  RE: Real Estate

    Posted 11-12-2020 14:36
    Well said Robert Brock!!








  • 8.  RE: Real Estate

    Posted 11-12-2020 14:37

    Just a quick observation and comment regarding the difference between Landmen and Real Estate professionals in the Oil & Gas space. The difference in skillset is significant however they can complement each other in down times. I obtained my Brokers License in 1986 during one of the worst crashes in our industry and it was a Godsend. Commercial transactions (not residential) paid handsomely and that experience introduced me to telecom where I flourished and remain.

    My recommendation (and I'm not alone) is to take the shades off, diversify and gain experience in complementary land related industries. 



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    Jimmy Taylor CPL
    Tristar Investors
    San Antonio TX
    (713) 203-8531
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  • 9.  RE: Real Estate

    Posted 11-12-2020 14:37
    I have worked as a Landman for over 30 years, and have been a member of AAPL since 1980. I have just celebrated my 60th birthday. I have not billed for a full week of day work since May 31, and have billed perhaps 56 days since. Last week I received my real estate sales license.

    It seems to me that real estate sales has similarities to that of a landman. Those similarities are people skills, business management and operations, preparing documents and time management. It is true that real estate sales are commission based, however, in today’s oil industry climate, and perhaps going forward, there will be extended periods of time when you are unable to find work, and when we do have work several months may pass before the invoice is paid. I would think that with the low interest rates, forthcoming stimulus plans and restarting of the economy due to vaccine implementation, the real estate industry could be quite robust over the next several years. I am not so certain the oil industry will ever return to pre-Covid activity due to surplus and changing political and public opinion of a carbon based economy; and if the industry does return to pre-Covid levels, it my be several years from now. I find that I can not insure the wait.

    For me, In times when the real estate industry is slow, perhaps I could pick up short term land work or mortgage title abstract work. I do believe going forward all landmen, who are not of retirement age, should be prepared to work from time to time in several different industries. The real estate and mortgage title abstracting seem to be a good fit for me. Website design or coding may be better for others.

    All that being said, I wish all landmen the best of luck in whatever decision they may choose for themselves and their families. I have not abandoned the oil industry, but ir does seem to have abandoned many of my fellow landmen.

    Scott N. Smith, RPL
    Petroleum Landman
    P. O. Box 10
    Madison, MS 39130-0010
    (601) 259-4580




  • 10.  RE: Real Estate

    Posted 11-12-2020 14:37
    Yes, I am very proud to be a petroleum landmanager. 

    However, I also know that the cyclical nature has impacted different sets of landmanagers start and stop over the last 15 years. 

    We have so many diverse skillsets and it is often difficult to communicate to other industries the rigorous training we have had in title, negotiations, curative, leasing, and right of way.   

    Therefore,  I wanted to generate discussion about other industries who purchase our fine tuned petroleum land skills.   

    The Department of Labor calls me a "unicorn" because they don't  believe I have all of the skills that I have - (which comes from working with some fantastic landmanagers!)

    If anyone has successfully transitioned into other genres, please share.  

    I am looking for companies who want to trade oil and gas real estate for other real estate

    Please email me  packages for 1041 exchange, please email permianlandgirl@gmail.com 

    I also want to find the other landman- real estate agents out there! 


    Kimberly Smith
    Virtual Office

    432-352-6649





  • 11.  RE: Real Estate

    Posted 11-12-2020 14:39

     

    I am a 40 year Landman who has had a real estate license in Texas for almost seven years.  Fortunately I saw the downturn coming and diversified my income stream.   The skills I acquired doing land work have been invaluable to my real estate practice because very few agents have my skill set.  While my oil and gas consulting income is down to a trickle, I am making really good money selling farms and ranches.  Mr. Brock is correct in that a real estate agent is not a landman, nor is a right of way agent or division order analyst a landman.  However, if you are a good landman then you have the skills to sell real estate, calculate division of interest, cure title, close transactions, or any number of things.  Look at what people who are like you (have similar interests and backgrounds) do for a living and pursue what you enjoy.

     






  • 12.  RE: Real Estate

    Posted 11-12-2020 14:39
    I agree Cameron. And, by the way it’s “Landman“ (not land man...just sayin). Have a great day!

    Sent from Joel Neeley's iPhone




  • 13.  RE: Real Estate

    Posted 11-12-2020 14:38
    Your comment is excellent it - oil and gas training and real estate help you identify the snaky people.   If you have any properties who want to trade for commercial or other, let's do some business together!

    permianlandgirl@gmail.com

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    Kimberly Smith
    Baytown TX
    (432) 352-6649
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  • 14.  RE: Real Estate

    Posted 11-06-2020 11:57
    I'd like to hear those stories and experiences, too.

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    Ryan Fairbanks RPL
    Petroleum Landman/ROW Agent
    R&B Capital Corp.
    Vernal UT
    (970) 773-4740
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  • 15.  RE: Real Estate

    Posted 11-09-2020 11:18
    I began the process of acquiring my Real Estate Appraisal license several years ago.  During this last downturn I have transitioned into appraising Residential Real Estate full time.  I hope to return to Oil and Gas once things pick back up but for now I am staying pretty busy doing appraisals.


    Patrick Mckinnon
    Independent
    Shreveport, LA
    (318) 470-9370

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    Patrick McKinnon
    McKinnon Land Services, LLC
    Shreveport LA
    (318) 470-9370
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  • 16.  RE: Real Estate

    Posted 11-12-2020 14:38
    Thank you for sharing.  It has been interesting trying to convey to people in other industries the rigorous skillset we have acquired under fast timelines and pressures.  While I used my marketing strengths and created a fossil fuel media group talktexasoil.net, I am exploring real estate surface - and want to generate trades with other lic agents.   I find it interesting that other people pay for leads in real estate  when landmangers already know how to find properties.   I am @permianlandgirl@gmail.com and on social media and Kimberly Smith on linked in, if anyone wants to connect.  Do you think generating properties surface is a natural instinct.

    Also how did your petroleum land skills help you in real estate?

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    Kimberly Smith
    Baytown TX
    (432) 352-6649
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  • 17.  RE: Real Estate

    Posted 11-12-2020 14:39
    Yes, we can use the instinctive nature for appraisals, but it is a process, so I am excited you attained the certification.

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    Kimberly Smith
    Baytown TX
    (432) 352-6649
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  • 18.  RE: Real Estate

    Posted 11-12-2020 14:36
    Hi Kim,

    I originally started out studying Real Estate in college and "stumbled" into land work.

    I got my Texas Salesman license in 1990 and got to a point where I could either get my Broker license or let it go, I got the Broker license and still have it to this day.

    Lately I have had a number of Landmen reach out to me about how the skills transfer to which I reply that it depends on what kind of real estate are you looking to get in to.  If you are looking to sell homes in a city, the landman skills don't really add a lot.  If you are looking to do farm and ranch or land development, then they are useful.
    Mike mentioned title examination and yes, that is probably the best match for our skillset.  Patrick discussed appraisers are busy and I would say that is an understatement, they, along with surveyors, are swamped in Texas.  Paul is correct in that this is a full commission sales job and you can get right up to the closing table and the deal can fall apart and you don't get paid, he's also right about the lack of loyalty.

    I am currently taking classes to get active again and it has really changed since I first got my license.  Brokers are now held to a higher standard in regard to supervision of agents, which is a good thing for the public.

    If I can be of assistance to anyone looking for more information, please feel free to reach out and if I don't know the answer or can't provide the assistance you need I will try to point you in the right direction.

    Good luck to everyone!

    Glen Mauldin
    281-635-9661

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    Glen Mauldin CPL
    Houston TX
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