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    Monday, June 8, 2020

    Home Unlabelled Realtors: 18 years old, had my first sale and listing this week. A combined 620k in real estate. Couldn’t be happier!

    Realtors: 18 years old, had my first sale and listing this week. A combined 620k in real estate. Couldn’t be happier!

    June 08, 2020

    Realtors: 18 years old, had my first sale and listing this week. A combined 620k in real estate. Couldn’t be happier!

    18 years old, had my first sale and listing this week. A combined 620k in real estate. Couldn’t be happier!

    Posted: 07 Jun 2020 04:03 PM PDT

    (Might be a dumb question) Can you get your license as a Real Estate Agent and Real Estate appraiser at the same time?

    Posted: 08 Jun 2020 11:31 AM PDT

    Sorry, might be a dumb question. I'm currently taking courses to become an agent, and all of a sudden I have interest in becoming an appraiser once I've looked more into it. Just pondering if I could have both. Obviously there's conflict of interest here, so that probably means I can't be an agent AND appraiser for the same property, but just wondering if I could do each apart from each other. Thanks!

    submitted by /u/ObiWahnKenobi
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    How can I fire our Realtor?

    Posted: 08 Jun 2020 12:35 PM PDT

    A little back story, we've been working with this realtor since early April. She showed us an upcoming home on our first day that we ended up loving. We went under contract for 5 weeks then fell through at the last minute due to the seller. So we never got to know her prior to everything recently since it was a quick process finding a house the first time.

    *Note: we signed an exclusive right to represent buyer due to signing the contract with the first house.

    So I'm at my wits end with her. Here's the straws that's breaking the camels back:

    1. We went with the mortgage broker of her choice. I was going through a small bank but she told me the numbers that were given didn't make sense to her. I'm a first time home buyer so didn't know what anything should look like. So I went with her preferred guy. Well she spoke with the mortgage broker before us about the house falling through and found out that we qualified for way more than we were targeting. So she kept saying how we needed to go up in price to get a good quality home. I'll agree that yes there's more inventory in this price range, but hardly any differences in quality. We did agree to see the more expensive homes since again first time home buyers and not knowing what the differences are in price ranges besides the number.

    2. She talked down on homes that her brokerage wasn't selling or homes lower than the price range she thinks we should be buying in. We liked some homes that were about 30k less or so, but she kept talking about how there's a huge amount of deferred maintenance and how the neighborhood is "too busy" and such. Basically scaring us off from the house. The houses she was showing us that her brokerage was selling weren't in amazing shape and some needed a lot of work. She kept talking about them like they were a steal. Yeah if they were completely updated and had finished basements and such. She kinda made us feel bad about liking some of the homes.

    3. We mentioned to her that if we were short on the down payment my fiancé's parents are willing to help. (We were looking at a house that we would have been maybe 3-4K short on the down payment). So she decided to show us another house that would require a bigger down payment, but didn't tell us that the seller didn't want to deal with closing cost assistance. We fell in love with this home but knew we couldn't afford it and painfully turned it away. Her reaction? She was taken back when she realized the situation. She thought the parents could gift us the closing cost. We told her prior that they're willing to cover anything under 5k. Not 15-20k!

    4. She lied to us. She is the broker of her own brokerage. Her brokerage sells a lot of the homes in the town we're looking to buy in. She showed us another home afterwards that we liked, but come to find out her son that works for her brokerage was selling it. After some back and forth of negotiating I was told they accepted offer (this past Thursday). We got the papers and signed them around 4-5pm that day. She previously told me that they had a weekend full of showings before they accepted my offer. I asked her "are they waiting after the weekend to sign?" She said no they're going to sign and not wait. Friday I didn't receive any paperwork from the sellers, so I asked her about it. She claimed they don't do technology and that her son was bringing the papers to them that day. (Bullshit, the wife has a business online and does everything via Facebook. She can easily do a docusign contract). So Saturday comes, again no papers and again I contacted her. She claimed her son was delayed but was bringing the papers then. Apparently when he arrived, they said they'll sign tomorrow not today. She said how upset he was and what not. Sunday I received a text saying they received two offers higher than mine. By this morning they were already contingent. Funny how they couldn't sign our offer quickly but was able to sign theirs.

    I get it, the sellers want a higher offer. I would too, but I feel like our realtor lied to us. She even said to get inspection and what not scheduled. She basically promised everything will go smoothly. As a broker and the mother of the listing agent I highly doubt she had no clue as to what was happening with that house. We feel like they used us a leverage again other buyers. Honestly I'm done with her and want rid of her ASAP. But two things 1. The contract and 2. I don't want her to make it difficult for us when we go to buy a house. Again her brokerage dominates this towns market. I feel like she would make it different for us to buy if we get her to release the contract.

    Any thoughts?

    submitted by /u/nicolejillian
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    How was your first year in real estate?

    Posted: 08 Jun 2020 12:02 PM PDT

    I am coming up on my first year. Started last year in October. I did my first transaction in December, had nothing until April/May then all of the sudden now I am killing it. I'll probably end the year with 6-8 closings.

    How was your first year? What made you successful right out of the gate, or what held you back

    submitted by /u/Minder1
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    Study on Price Estimation

    Posted: 08 Jun 2020 11:41 AM PDT

    Hello all,

    ​

    I am a graduate student at California State University, Fullerton, and I am currently collecting data for a study on price estimation (including apartments and neighborhoods). I would appreciate it if you would spend 15 minutes of your time on my study; there's an entry to an opportunity drawing for a $20 amazon card at the end of the study.

    ​

    http://fullerton.qualtrics.com/jfe/form/SV_2mzitfnw80QyKwJ

    submitted by /u/rhahnel
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    How long did it take you to complete the pre-licensing courses?

    Posted: 08 Jun 2020 11:33 AM PDT

    Just some general questions!

    How long did it take all of you to complete your courses?

    How many times a week did you work on real estate (if independently studying online)?

    How often did you study?

    submitted by /u/TacoBellFourthMeal
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    What are your biggest challenges right now?

    Posted: 08 Jun 2020 10:38 AM PDT

    Hey all!

    Not really looking to become a realtor, but very much into real estate investing. I am looking to discover new niches and interest groups to extend my horizon, and I found this sub to be super motivational and usually quite happy.

    That being said, what are your biggest challenges right now? What's something that should work better? How much of your job lives in an excel sheet or on paper?

    Looking for ideas of problems to solve!

    submitted by /u/Sig_Luna
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    Signing up for licensing exam

    Posted: 08 Jun 2020 08:48 AM PDT

    Any new realtors trying to sign up for licensing exam right now? I'm in PA where real estate was deemed a non-essential business for coronavirus until two weeks ago and now that I am finally able to sign up for an exam, the nearest testing date I can get out of 15 locations is 7/16. Super frustrating, my career has been on hold since March and now have to wait over another month. Craziness. Wondering if it's typical to have to wait this long to test or if it solely due to testing site closures??

    submitted by /u/junedobb
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    Calculated Risk Blog: Real Estate Agent Boom and Bust

    Posted: 08 Jun 2020 08:17 AM PDT

    If you had a year to prepare yourself to become a Realtor, what would you do?

    Posted: 07 Jun 2020 09:46 PM PDT

    I find myself in a unique position where I'm just about to start my 4th year of college, and I just now realized that I really wanna become a Real estate agent. I understand that you don't need a 4 year degree for this type of stuff, but I feel my degree of Entrepreneurial Management isn't actually that far off of a training method for becoming an agent 🤷‍♂️.

    Anyways, I'm getting my license this summer, but I'm still going to be a full-time student next Sept-Nov, Jan-May. Because of that, I feel like I'm unqualified to apply for realtor assistant, or intern (if those exist). Or am I wrong? Overall, even just job shadowing would be a godsend in my opinion. I just really wanna hit the ground running, and I know it's ambitious to say, but I want to make sure I'm capable of handling my first closing within my first 3 months of working, if not a little sooner. (Yeah haha all you want, but input would still be appreciated 😊). Overall, I feel like I really want to self improve myself before I inevitably become an agent next May 2021

    Any advice for me? I'm open to anything really. Thanks!

    submitted by /u/ObiWahnKenobi
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    Real estate commission - complaint

    Posted: 07 Jun 2020 09:27 PM PDT

    What are the short and long-term consequences to a realtor who has had:

    (a) a complaint made against them

    (b) a complaint made against them and found to have committed negligent misrepresentation by the commission

    submitted by /u/reddituser72800
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    Anyone know if it's possible to chance your address number?

    Posted: 07 Jun 2020 07:11 PM PDT

    A bit of an unusual question.... but does anyone know what the process is to change the address number for a home? I have a client who is spooked by all of the 4's in the address (4 is an unlucky number in Chinese culture). Any idea what that process would be like and if it's even possible?

    submitted by /u/ospreyintokyo
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    New Construction Builders Contract

    Posted: 07 Jun 2020 05:31 PM PDT

    Hey everyone, quick question:

    Currently working my first "new construction" deal on the buyers side. This property is a quick-delivery home and its almost finished with all finishes and upgrades already picked by the builder. The builder of course wants my clients to use their contract. One saying that has been ingrained in my mind is to "Always have control over the contract." Would you refuse and use your own associations standard contracts?

    submitted by /u/Mixed_X
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    Experienced Broker moving to MA to become a Real Estate Agent

    Posted: 07 Jun 2020 03:31 PM PDT

    My name is Charles and I'm hoping to move to MA by October. I am currently a Real Estate Broker in Puerto Rico, looking to live in MA with a friend and get my real estate salesperson license. I read that it requires 40 hours of course and pass the 120 question test. Did you found it a challenging test? Any advice you want to share? Appreciate any respond or comment.

    submitted by /u/cgonzalez364
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    Can I afford a house?

    Posted: 07 Jun 2020 01:19 PM PDT

    My husband gets paid $9.20 an hour. Can we afford to buy a home? I know we can't afford rent. We live in South Carolina. Just really want to get out of the in-laws house since my step father-in-law scares me and is cruel to my dog.

    submitted by /u/pissed_cat
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