• Breaking News

    Wednesday, July 15, 2020

    Realtors: Closed but Client won't pay my commission

    Realtors: Closed but Client won't pay my commission


    Closed but Client won't pay my commission

    Posted: 15 Jul 2020 07:57 AM PDT

    Worked my butt off to bring the deal to fruition. Client was insistent all along the way that they wanted to make sure I was duly compensated. Client was made aware that any difference between what the seller would pay and what the agreed commission, would be covered by themselves. They told me that I made mistakes and haven't earned it and that they didn't know what I was writing in the OTP. I know they don't have the extra money to pay me.

    This is half rant/half plea for help.

    submitted by /u/alexw0122
    [link] [comments]

    Looking for agents to join my team in Las Vegas

    Posted: 15 Jul 2020 11:21 AM PDT

    I apologize if this isn't allow but I figured it's worth a try! I manage a large team in Las Vegas and I am looking to hire a few more agents to join. I see a lot of post from newer agents or agent trying to build up their business. I wanted to put it out into the reddit world to see if anyone in the Las Vegas is looking to join a team. You can DM if you are. Our team is really based on setting agents up for success. I figured this might be a good place to ask.

    submitted by /u/manatoe
    [link] [comments]

    New, still working for my license; interview with brokers this week.

    Posted: 15 Jul 2020 09:33 AM PDT

    I'm a bit nervous, I'm only at the early stages of getting my license but I'm really enjoying it. I have an interview coming up but I'm worried I'm not knowledgeable enough yet. But they know I'm unlicensed and working towards my license. One of my questions for you guys and gals is; what was your business plan when you first started? I'm wanting to work on getting lease clients because I know the profit isnt there for agents who have been doing this for a long time, but that's profit for me.

    submitted by /u/aspencerr
    [link] [comments]

    LLC

    Posted: 15 Jul 2020 11:34 AM PDT

    Do you set up an LLC for yourself as a realtor? Friend works for CB and receives a 1099-MISC but would it be financially better for tax if he was an LLC.

    Thank you in advance

    submitted by /u/Curiouslywastingtime
    [link] [comments]

    Full Bath needed to call a room a bedroom?

    Posted: 14 Jul 2020 05:29 PM PDT

    TLDR: The buyer's agent is saying that a basement bedroom cannot be called a bedroom because it doesn't have a full bath.

    Anyway, we listed a property I own as a 4 bed/2.5 bath, where the 4th bedroom and the half bath are in the nicely finished basement. The agent is saying that the basement room cannot be called a bedroom because it doesn't have a full bath. My understanding of building code has four or five criteria for bedroom (egress, ceiling height, heated, size and closet) and bathroom doesn't figure anywhere in there.

    Any insight here? My chief concern is that she is misleading her clients with faulty information.

    Or, am I wrong?

    Thanks for any help.

    submitted by /u/AntiqueTough
    [link] [comments]

    VA Loan Appraisal and Price

    Posted: 15 Jul 2020 09:35 AM PDT

    Hello everyone! I apologize in advance if this has been answered already or is a bit of a stupid question. But I'm still new to real estate, and haven't come across this situation before, so please bear with me.

    Yesterday, I finally got my client under contract with a house in the neighborhood he loves. In order to do that, he had to beat out all other offers by offering full price; despite the house being in terrible shape, and Horribly overpriced! Having run the analysis myself multiple times, it's been listed at least $12k over what its worth- and that's if it was in perfect condition (which it isn't).

    Since my buyer has a VA loan, I know that an appraiser will come out and score the property way lower than what was offered. It isn't a question of whether or not it'll be right on the dot or not, I'm positive they'll find it overpriced.

    So, my question is, what happens after the appraiser finds the property overpriced? Can the seller demand my buyer still pay the $12k difference (but in cash, not in loan), or will they have to accept the $12k loss; Can they pull out because they aren't going to get the extra $12k? I am aware that there is paperwork for both parties to sign stating they understand the price difference, and agree to go with the lower number as the purchase price; I'm asking in the off chance the seller isn't happy with the appraisal difference.

    Thank you!

    submitted by /u/butterlover18
    [link] [comments]

    Do you work from home or in the office?

    Posted: 15 Jul 2020 09:11 AM PDT

    Just curious because I haven't seen it discussed before. I'm a new agent and have only been to my office a handful of times.

    I work from home because I do a lot of cold calling and don't feel comfortable doing that in front of people in the communal work spaces my office has.

    Is there advantages to working in the office? Where do most agents work?

    submitted by /u/nikkibxo
    [link] [comments]

    Claiming a sale on Zillow when you split the listing

    Posted: 15 Jul 2020 08:28 AM PDT

    Dos anyone know how you claim (half of) a sale on Zillow when you split with another agent? I split a listing and went to claim it and it says it will take it away from the other agent. Does Zillow allow both of us to claim it?

    submitted by /u/skunkapecp
    [link] [comments]

    Wearing shorts with clients?

    Posted: 14 Jul 2020 02:24 PM PDT

    I've been in the game 15 years. I wore suits when I started and have gradually gotten more causal. But not so casual that I'm wearing shorts with clients when is super hot. What do you think, yea or nay?

    submitted by /u/PeteDub
    [link] [comments]

    Monthly brokerage fees

    Posted: 14 Jul 2020 05:11 PM PDT

    What is the average amount to pay your broker monthly?

    I'm currently interviewing with many brokers, one that I am interested in is $280 (a month) for advertising, and then board dues & MLS monthly. This seems pretty high? There is also $175 for each transaction and then of course the yearly $410 and $600 for international dues and E&O.

    Just curious if this is normal or would I be getting ripped off. Other places I have interviewed with are significantly less a month.

    submitted by /u/uklove24
    [link] [comments]

    Is this a thing?

    Posted: 14 Jul 2020 03:50 PM PDT

    Anyone ever have an extremely qualified buyer's offer get over looked because they "weren't excited enough" about the property?

    submitted by /u/Jeff92104
    [link] [comments]

    Would someone be willing to look at this house and tell me why it might be sitting on the market for years?

    Posted: 14 Jul 2020 03:38 PM PDT

    Water damage? Structural damage? Haunted? What would cause a nice house like this to sit on the market for years? It is located in a decent, quiet neighborhood only a few minutes from shopping and downtown.

    https://www.realtor.com/realestateandhomes-detail/11-Greenwich-Dr_Carlisle_PA_17015_M32235-87407

    submitted by /u/awesomom
    [link] [comments]

    MLS assistant access

    Posted: 14 Jul 2020 06:09 PM PDT

    I am a investor who is not a licensed realtor; I figured I would get advice from realtors before asking my agent to give me assistant access to the MLS.

    What would be a enticing way to pitch this to my Realator that would be a win-win?

    submitted by /u/05182000
    [link] [comments]

    Best degree to compliment Real Estate?

    Posted: 14 Jul 2020 04:54 PM PDT

    Hello everyone,

    I'm a new agent, about 6 months, and I'm wondering if there are any college courses I could take and work towards obtaining a bachelors degree of sorts to help advance my knowledge and understanding of the field and business. I know that a lot of this business is self-learned and there are many classes available to take, free and paid. I just want to get an idea from agents in the field before I start looking deeply into it. I appreciate everyone's feedback!

    submitted by /u/shmabaloo
    [link] [comments]

    No comments:

    Post a Comment