Realtors: "Do you have any other offers?" |
- "Do you have any other offers?"
- Looking at Brokerages in my area, and one job listing says expect to make over 100k and are expected to sell 24-32 homes/year. Is that a red flag?
- I think my realtor is being shady in trying to pressure me to sell my house under poor circumstances
- Gifts that are actually useful?
- What are the meanings of various Broker terms?
- Well, I passed the National portion of my exam today
- What trends are you most excited in real estate tech?
- Is this right?
- Worth it to report this realtor?
- Lease
- (If I'm reading this right) I can take the Salesperson license exam after course I. Do you recommend I take the Salesperson test directly after course I or wait until I finish course II and III when I also take the real estate license exam?
- Mentor?
- Beginner questions - First time posting
- Would a Tesla enhance business opportunities?
| "Do you have any other offers?" Posted: 04 Jun 2020 10:11 AM PDT When asked by agents/buyers if my seller has offers on their listing yet, I need to get authorization as to whether I can answer. According to a legal panel at an Ohio Realtors convention a few years ago, I should get authorization for each request, not a blanket one since every instance is different, but a blanket authorization is better than none. This is direct from NAR's code of ethics Standards of Practice 1-15: "REALTORS®, in response to inquiries from buyers or cooperating brokers shall, with the sellers' approval, disclose the existence of offers on the property. Where disclosure is authorized, REALTORS® shall also disclose, if asked, whether offers were obtained by the listing licensee, another licensee in the listing firm, or by a cooperating broker." On a FAQ on Ohio Realtors website, they state "the existence of other offers should only be disclosed with the seller's consent." - https://www.ohiorealtors.org/faqs-multiple-offers/ This gets complicated and confusing for the seller, they don't want to play these games, they just want an offer for what the buyer thinks it's worth regardless of other offers. The reason we ask this to the LA is usually to find out if we need to make a competitive offer or not. My standard response is usually "I don't have the authority to answer that." I'm not trying to be shady or hide the facts, I'm just following the code and OR's legal advice. If your people won't make an offer without that disclosure or you really need to know, let me know and I will ask for authorization. Don't get me wrong, you can ask and I do ask listing agents this all the time, but I can't disclose it without the sellers authorization. Does anyone else handle this differently? [link] [comments] |
| Posted: 04 Jun 2020 11:31 AM PDT To be fair, they also talked about their good training and stuff, but this seemed to be a red flag for me. I'm honestly just wondering what people think of the listing whether it's a red flag for others or not. Edit: to clarify its a Re/max results team [link] [comments] |
| I think my realtor is being shady in trying to pressure me to sell my house under poor circumstances Posted: 04 Jun 2020 10:56 AM PDT Background: I am looking to move to another house in the same city because I make more money now, and I want a bigger house with a two car garage. At the suggestion/urging of my family (parents), I reached out to a "family friend" realtor. Within 10 seconds of me explaining to her that I was beginning the research phase of my house search, she asked "do you have someplace to go if your house sells, or do you need to find a new place first?" I told her that I absolutely need to find a place first. She said ok, and we discussed what I'm looking for. We discussed the state of the market and I was clear that this is my next home that I would stay in for a while, and that it needed to fit all the criteria. We go look at a few houses, with a couple of decent prospects, and I decide I want to make an offer. It has to be a contingent offer so she says you should have your house listed for sale first, to make such an offer more appealing. So I said OK, but this is just for the purposes of showing the seller that it's LISTED on the MLS. We list my house for sale, I made an offer, the offer wasn't accepted because the seller is asking 25% over comps and won't budge. Ok, whatever. In the meantime, the realtor is going FULL BORE trying to sell my house. I keep getting flyers in the mail ADVERTISING MY OWN HOUSE FOR SALE, I'm getting facebook ads, emails, notifications, etc. I don't even have any prospects for a new home at the moment. She's doing 2-3 showings a week at my place and now she's pushing super hard for me to put my house under contract before i've found a new place. She's being tricky too - she's saying I should be under contract already when I make an offer on a new place (because some sellers won't take a contingency), and then she's telling me I could also sell it to one of these investment companies who wants to buy it and that they can then rent it back to me (at a huge premium!!!) while I still look for a new place. I'm starting to get pissed off. I know her goal is to sell my house but she's trying to put me in a situation where I'll have no choice and I'll be left having to go into an extremely expensive short term rental or where I'll have to compromise on what I'm looking for. She keeps pushing and it's become very obvious that she just wants this house sold IMMEDIATELY and doesn't care what happens to me. I feel so dumb that I got suckered into listing my house this early and now that she has her foot in the door, she's really putting the pressure on. What are your thoughts? [link] [comments] |
| Gifts that are actually useful? Posted: 03 Jun 2020 02:41 PM PDT As a Realtor, what are some of the most useful gifts you've received? I have a mentor that has answered all of the ridiculous questions I've had, and I'd like to get him something that is practical. What's you're favorite gift? [link] [comments] |
| What are the meanings of various Broker terms? Posted: 04 Jun 2020 06:36 AM PDT In some States a Broker is the head of the office so to speak. In some States you have
What do they all mean in your State? [link] [comments] |
| Well, I passed the National portion of my exam today Posted: 03 Jun 2020 10:31 PM PDT Definitely happy as this is the harder portion of the exam imo, however, I missed passing the Arkansas State portion by 2 questions... I retest the state this Friday. Any recommendations on studying the state portion of the exam? I had probably studied the national portion 80% to the state portion 20%.. There were just some real peculiar state situational questions that threw me off. [link] [comments] |
| What trends are you most excited in real estate tech? Posted: 03 Jun 2020 03:52 PM PDT |
| Posted: 03 Jun 2020 11:00 PM PDT Hi Everyone, I have recently found this subreddit and it has already been so helpful but I need some advice! A little background: I have been working as an assistant to a very successful agent in my county for the last four years. I did anything from host open houses, showings, inspections, photoshoots...you name it. I have my real estate license and am planning to convert from an assistant to a full time agent with them. I recently received the agreement for my split. The agreement for year 1 is 35% to myself, 65% to the team lead. This does not include the commission split to the broker, which would be an extra 15% from the top. This isn't really sitting well with me since I know that splits are usually 50/50. I don't have any sales under my belt so I know I'll need help with getting the business but I am experienced in almost everything else. Given all this, I would love to hear any thoughts on the split. Thank you. [link] [comments] |
| Worth it to report this realtor? Posted: 03 Jun 2020 10:39 PM PDT Here is our timeline: house popped up on Zillow, it said it was being sold as is, but it said the AC in the home was 1-2 years old. We viewed the home twice and put in an offer. They accepted our offer of $8k over, we offered our best and was generous because we thought it didn't need much work, especially with the AC being so new. From the start they started being hard to contact, pressed for a quick 7 day inspection period, we agreed. An hour before the inspection, their realtor texted us stating that they want nobody else in the house. I go there and just stay outside to talk to the inspectors, but I still wanted a quick walk through. Realtor wouldn't answer our calls. Inspector went through the issues and there were some major issues. Outside needed sealed and painted right away, water heater was 21 years old, microwave and fridge water dispenser was broken and the owners said they never used either of them. Most importantly, the inspector notified me that the AC is actually 9 years old and is almost non functional because it looks like it hasn't been maintained in 3 years. So right away we keep trying to ask the realtor about why she said it was 1-2 years old. The owners lived there for over three years and their realtor helped them buy the house so they should've all known it was at least older than 3 years - there is no way they thought it was only 1-2 years old. Every time we asked the realtor, she would ignore the question. The inspector also notified me the irrigation system was all taken apart so they couldn't inspect it. I hired an irrigation inspector and when he showed up, the owner reluctantly came out and put the irrigation system back together so they could test it - it was all messed up and had to be fully replaced too. We have a feeling they unplugged it to avoid having it inspected. So after $700, they refused to give us a decent amount of money to even cover the AC, which they lied about. So because of the false information on the listing, we lost over $700. Right after our purchase fell through, the realtor removed the AC being only 1-2 years old from the description. Is this something I can report the realtor for? My realtor was very upset as well and gave me a form I can fill out, but it also references hearings and stuff I may have to attend? Can anyone shine some light on this and give me their opinion? [link] [comments] |
| Posted: 03 Jun 2020 09:18 PM PDT |
| Posted: 03 Jun 2020 07:13 PM PDT Title says it all! Any advice for a person in my situation would also be greatly appreciated. Thanks! [link] [comments] |
| Posted: 03 Jun 2020 12:35 PM PDT Shot in the dark but would anyone be interested in being my mentor? I'm new to the real estate world and I have question about sooooo many things. Like how to use zip forms and how to get a CMA. I know for some agents my questions might be stupid or annoying but I'm brand new to this world. I am a social media marketer so I can teach you how to create advertising campaigns on Facebook if you are interested. I use photoshop daily so if you need a design I may be able to help. Thanks! [link] [comments] |
| Beginner questions - First time posting Posted: 03 Jun 2020 02:06 PM PDT California 1- How long into license training before you need to start interviewing with brokerages ?? 2- How did you guys decide/ come to choose the sector of Real Estate (residential, house flipping, retail) you wanted to specialize in 3- Recommendations on getting into industrial real estate early in ones career 4- Notable advice on public speaking & negotiation ? 5- Ideal "mindset" for a young adult? 6- How can you justify that you are a capable agent ? 7- Will you be my mentor? Industrial RE [link] [comments] |
| Would a Tesla enhance business opportunities? Posted: 03 Jun 2020 01:25 PM PDT I just saw on another guys post where he is looking for a car and the top comment is a Tesla, I wouldn't mind buying it if I could get behind that they are able to bring new business opportunities. Any thoughts would be so beneficial, thank you! [link] [comments] |
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