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    Friday, June 19, 2020

    Realtors: Starting out in NYC

    Realtors: Starting out in NYC


    Starting out in NYC

    Posted: 19 Jun 2020 09:18 AM PDT

    I'm moving to NYC in a couple months. I have a full time day as a software developer, however it's not too demanding. I've always been interested in real estate and know some of the Manhattan neighborhoods pretty well.

    Is it possible to work in the NYC market primarily on the weekends/evenings? What good brokerage firms would you recommend for someone not starting on a full-time basis (is this a thing)? Anything I need to know starting out in the NYC market before I get my license?

    submitted by /u/urnewfamousceleb
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    Horrible realtor sparked my interest

    Posted: 18 Jun 2020 03:15 PM PDT

    I just closed today on my 2nd property. I plan to get more into the rental business. I had never thought about being a realtor until I saw how little drive this realtor had on the property we just closed on. It gave me thought of getting my license and seeing where it takes me. I realized what a bad realtor can do for a seller. I was realizing I could change what could be the biggest investment for a family. By the time we closed today I was 25% completed with the course. I am looking forward to see where this goes.

    submitted by /u/gardenguy22
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    How can I help you find clients?

    Posted: 19 Jun 2020 10:52 AM PDT

    More listings, more clients, more transactions. This is what every Realtor wants, right?

    What do YOU need, want, or wish you had?

    What would your marketing/lead gen system look like if it were easy?

    I've just met a "Top Agent" in San Diego that constantly get's "pitched" on some nonsense about lead generation. But these guys want to be paid upfront- regardless of if the leads actually turn into a sale or listing!

    That doesn't make any sense... You've probably had a similar experience (and hopefully you haven't flushed money down the toilet paying for useless leads).

    So I'm curious: what value can I provide to people like you?

    Because our time is our most valuable resource- saving a Realtor time and/or hassle appears like a big value add.

    It makes me think of the Zig Ziglar quote "You can get anything you want in life, if you'll just help enough other people get what they want."

    Thanks so much for reading! Looking for comments and feedback as to if I'm approaching this correctly.

    submitted by /u/MonoTheMonkey
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    Question about finding foreclosure homes or alerts? Also how to handle foreclosure sales?

    Posted: 19 Jun 2020 10:11 AM PDT

    Hi All,

    Potential clients are interested in knowing more about foreclosures that pop up in the market. Fairly new to this, and I don't see a foreclosure option in the MLS. Any advice on how to keep updated on that? I'm in Illinois. Been looking at the HUD site, as well. But any others I should know about? Also, if anyone has experience dealing with foreclosures would LOVE more info on how to deal with those sales!

    Thank you!!

    submitted by /u/starrynight104
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    Question about moving tenant in???

    Posted: 19 Jun 2020 08:53 AM PDT

    To be more clear, I'm asking for my fiancé. If this topic belongs in a different subreddit category please let me know and I will ask there, I'm not sure what this qualifies as.

    I had to move to my mother's to help her with housework and her sick pets in her house, as she has bad health issues and works at the hospital as asst. director. My fiancé unfortunately had to stay back to help out his family, his grandmother had surgery to remove her foot due to diabetes, but now my mother wants to move him here to help out too. He hasn't had an official job in about a year, which she says may look bad to the real estate agent. But he has good credit, excellent references, and my mother thinks offering to cosign for him may help his chances, as well as the fact he used to serve in the military. My mom has excellent credit and is a great tenant, the realtor talks very highly of her.

    What my questions are is 1) Is there any reason the realtor would deny the application request? 2) Is it a deal breaker that he hasn't had an official job in a year? (He had picked up some odd jobs on Craigslist, also through friends/family to do computers work and web design) 3) If she approves the application and there's a notes option, is that where he could add in/explain certain things such as question #2 and his military experience?

    Edit: the realtor told my mother if she were TO DIE within the next year she doesnt want my fiance on the lease?? Is she allowed to say that??

    She first agreed with my mom for an application, nothing was wrong with his credit or app, but she said no anyway with the response "ill have to say no, if something were to happen to you in an accident, then no" ???? She didn't even bother calling any of his references like she had already made up her mind before us paying for the application??

    She could have told us no to begin with, but for her to bring up my mom having a "possible accident" in the future is her reason he can't live here???? What??????

    Pls someone help explain if thats normal 😭😭

    submitted by /u/BanjotheDragon
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    New VA agents

    Posted: 19 Jun 2020 08:44 AM PDT

    Is anyone a new real estate agent based in Virginia? I would like to either be apart of or start a new agent group on telegram or GroupMe.

    submitted by /u/freckledtaurus
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    Hot deal Listing agent (dual agency) not responding. Add'l compensation needed?

    Posted: 19 Jun 2020 08:11 AM PDT

    (CA)

    I came across a handful of hot/good deals in the last few years. Got none of them.

    One of them happened recently, the house was not even on the market yet, just being published in the pre-market stage, and it got into contract. I talked to the listing agent the first day, he was still willing to respond to my texts and call. From 2nd day, he was just MIA. On 3rd day it's in contract. I've already asked him to represent me as a buyer on the first day, but this tactic has not worked in the last few deals. what else can I do here? What is the missing piece?

    I wonder if other people gave him additional compensation in person, maybe in cash, to snag the deal? Can I do this too? I really hate being in this situation.

    p.s will cross post this to gather more opinions, hope thats alright.

    submitted by /u/tst212
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    If you're a fan of zillow premier agent... please respond

    Posted: 19 Jun 2020 04:40 AM PDT

    I'm seeking advice from other agents that use zillow premier agent. I research and read, but it seems there's many agents who fail at it and just bash the service. I've been using it almost a year and strongly enjoy it. Many bad leads? Yeah, but 4-5% conversion rate is great lead source, and the sales rep share the average conversion rate up front. Gotta work em. And my conversion rate was higher prior to corna. I'm seeking advice from other agents who either love, like, or slightly enjoy premier agent (if you dont...please dont respond). How do you answer those cold connections? How do you try to structure the convo? How do you screen? Do you show without preapproval? How do you nurture the ones who aren't ready (drip campaign obviously... other than that how are you following up, when do you give up on them)? How do you target zip codes? (higher vs lower price, more vs less listings, sprinkle in multiple zip codes or dominate one/two)? What returns do you see?

    Again, I really like zillow premier. Since September it's been a great revenue source, about 40% of my business. Most leads stink but I was converting more than 5% before corona (a bit slower now). I was also not spending $50 and expecting leads to flow in. I started with a few hundred, saw success, now over $1,000 and still seeing positive returns.

    if you're a never-premier agent person, please dont respond, we just disagree. It's an additional revenue stream to the business. If it didnt work for you, it doesnt mean it's a scam, maybe it doesnt line up with how you handle business, but I've read all the "negative" feedback before... just seeking similar zillow fans to maybe improve my zillow game.

    submitted by /u/breakoutthebubbly
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    How long for license processing? (Nevada)

    Posted: 19 Jun 2020 12:06 AM PDT

    I'm taking my license exam on Thursday and I was wondering how long it's currently taking for licenses to be fully processed after passing the exam due to Covid. I asked my instructor and she said it may take up to 90 days, which sounds absolutely ridiculous.

    I've scanned through threads to see if anyone else has asked this, etc and couldn't find anything.

    Will it really take 90 days to process my license after passing the test? I'll have to plan out my year accordingly if it's going to take that long.

    Thanks in advance.

    submitted by /u/meikyousisui
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    Serious question from a non-realtor: why such a lack of focus on garages in ads?

    Posted: 18 Jun 2020 11:26 PM PDT

    Hi all, question for you : 99% of the ads I see on MLS, Zillow, Redfin, Trulia, flyers, brochures, even new construction websites, almost never show the garage. Often not even an outside picture - and often don't even mention it in the description. Sometimes if it's mentioned as a 2-car, I've gone to look at the place and it's more like a 1.5 tandem if both cars are mini coopers.

    Why is this? From the perspective of someone shopping for his first house / townhouse / condo, it's a key feature to me and this seems like a glaring oversight when there are 32 pictures from every angle of the master bedroom, 5 pictures of the living room and kitchen, and 0 pictures of the garage.

    Furthermore I almost never see dimensions or floor plans on anything. It's incredibly helpful to know that the "2 car garage" is actually 25' x 35' and could fit an SUV, a car, and a motorcycle, and still have room for a workbench, tools, bike rack, etc. Seriously that's a huge selling point not just to me but to most people I feel like.

    Maybe it's just a factor of where I'm searching (California Bay Area) but even when I've looked at places in Seattle, Denver, or Austin online; it's the same situation and lack of info.

    Is there a legit reason for this? Some type of "well studies showed that 67% of home buyers didn't care / care more about the master bedroom, so that's what we focus on to maximize efforts"? I mean I get that you probably don't have time to take a measuring tape out to measure every book and cranny but I rarely even see just a wireframe overhead floor plan with dimensions.

    What're your thoughts here?

    submitted by /u/NorCalAthlete
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    Social media manager

    Posted: 18 Jun 2020 11:17 PM PDT

    I'm probably at the stage where I'm too busy to do social media, might hire a college intern to run my Instagram, LinkedIn, Facebook, business page, neighborhood page, Nextdoor app, Snapchat, YouTube channel, Twitter. Am I missing any networks? Just thinking out loud.

    submitted by /u/Official_Government
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    Buyer's agent in California - realtor - does not require a contract with the buyer?

    Posted: 18 Jun 2020 10:09 PM PDT

    Hi there, I am buying my first house and I am very new to the process. I found a realtor and we had a few good introductory meetings, but then I learned that she would not sign a contract to represent me as a buyer.

    Is it standard practice and can it be trusted? I would hope to put in writing her representation in case I have any problems down the line but I am not sure whether it is something that I should push for. Any suggestions?

    submitted by /u/NextEngine
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    How much heavy listing should I do for an investor?

    Posted: 18 Jun 2020 06:57 PM PDT

    I'm 8 months in as a Realtor and would like investors to be my niche. I've been working with an out of state investor sending listings on a concierge search with sold comps based on her specs. She found one she likes and I drafted an offer. I'm not going to make much, if anything on this deal (1.5% gross on a 50/50 split due to lead from my broker minus $300 on an $85,000 property). She wants me to take the lead on appraisal, inspection, AND finding 5 contractor quotes. My thoughts are I take it on the chin on this initial deal, but have a heart to heart on expectations regarding listing it when she's done and have a similar arrangement for future deals. I've spent hours vetting over 80 listings to get her to this point. I don't mind working hard, but I want a reasonable expectation of earning potential beyond this deal. Also, any deals beyond this one are 100% commission deals. Thoughts?

    submitted by /u/reepobob
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    final exam pre-licensing course FL

    Posted: 18 Jun 2020 06:32 PM PDT

    I've been going through the material on my pre-licensing course with Tampa school of real estate in Florida

    I'm only studying now to pass that examen and then move on to my Estate exam

    my main problem is that the information to study is laid off in a way I find underwhelming to learn every single concept there is. I feel like I'm just going through the whole course time and time again and it is making me very nervous about failing the pre-licensing exam without mentioning the Estate exam.

    any tips or two cents would be much appreciated

    submitted by /u/BlackHammer23
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    Would you still get a commission?

    Posted: 18 Jun 2020 05:24 PM PDT

    If you are a realtor and you are purchasing a house, do you get buyer's commission? Also if you are representing seller and decide to buy their home, do you still get the commission?

    submitted by /u/polo1990
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    Aceable Agent

    Posted: 18 Jun 2020 05:20 PM PDT

    Located in Texas I'm currently going through courses on Aceable Agent. Should I be focusing hard on the courses or go through them and zero in on the exam prep? Thanks for your input!

    submitted by /u/xzbr42
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    RE Prep License Question

    Posted: 18 Jun 2020 04:06 PM PDT

    I just started the Kaplan program and realized that you can basically just skip through the entire unit without watching the full videos or reading the chapter. There is a final exam for each unit (course) but I think its open notes/computer for that, so no problem there.

    But my question is: if I were to blaze through the entire program (6 courses total) to just get the hours done, would I be screwed for the actual state exam?

    I know I would obviously be a lot better off watching everything and taking notes, but if I did go this quick route, is it possible to cram a week or two before the state exam and pass?

    I am using Kaplan and its for Texas btw, thanks for the help, just trying to consider the opportunity cost here

    submitted by /u/cleanviewing
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    New Hampshire Law Help

    Posted: 18 Jun 2020 01:38 PM PDT

    Where can find descriptions of how real estate law is different between Massachusetts and New Hampshire for sales persons?

    Taking the state exam tomorrow and can find no useful study material. Several are just reprints of the laws available free online, only study questions, or drivers to in-person classes.

    Help?

    submitted by /u/DroppingLemonTigersH
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    As a real estate agent, what tool do you feel like you're missing that would be nice to have as a browser extension that would be helpful?

    Posted: 18 Jun 2020 01:01 PM PDT

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