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    Sunday, July 12, 2020

    Realtors: Does anyone have a warm lead qualifier/Inside Sales Agent?

    Realtors: Does anyone have a warm lead qualifier/Inside Sales Agent?


    Does anyone have a warm lead qualifier/Inside Sales Agent?

    Posted: 12 Jul 2020 03:49 AM PDT

    Do you employ an inside sales agent to call your warm leads and book appointments? I'm looking at hiring a warm lead qualifier.

    submitted by /u/planlife
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    New Builds.

    Posted: 12 Jul 2020 08:05 AM PDT

    Can i hang my license with a brokerage and represent builder houses in a New build community at da same time?

    submitted by /u/UrBeautiful47
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    What resource do you find Market news and trends in?

    Posted: 12 Jul 2020 11:22 AM PDT

    Facebook Ads for Renters

    Posted: 12 Jul 2020 07:09 AM PDT

    Hi all, I've been posting Facebook ads for renters in my city, and part of it has been going well. I'm averaging less than $2.00 per lead, and more than 10 leads p/day.

    They fill out a form indicating where they'd like to live and their budget. I set them up on the MLS. Set it and forget it.

    The problem is, their budgets are not realistic.

    Does anyone have any advice on targeting people who can afford to rent in my city? Are their interests we can add in the audience field to yield a better result? Or is this just purely a numbers game and I should let the campaign play out, put everyone into the MLS, and hope that eventually they just increase their budget out of necessity?

    submitted by /u/HayPlaceAPlaceforHay
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    So many questions.

    Posted: 12 Jul 2020 08:51 AM PDT

    I become obsessed with a house in a bad neighborhood with a bad school that is easily the most expensive on its block and was formerly a mental health clinic. Needless to say they have had trouble unloading it. It has dropped 50% in price over the course of its time on the market. I haven't had it inspected yet, but because of its status as a live in clinic, I have a good feeling that the electric and plumbing is up to code. Recently, the seller took it off the market because he's very frustrated -- according to his real estate agent. He's going to attempt to rent it for a while and see if after coronavirus dies down if the market resurges again.

    I really wasn't supposed to be looking at actual houses yet. My lease isn't up until April and waiting until next year would be so much smarter because then I wouldn't have to worry about property taxes.

    But my head keeps telling me that I should buy this now and offer them an even lower price while they're extremely frustrated. My sister is worried that that means they will be insulted and take it off the market for even longer knowing that they could sell it but they can't get even remotely what they think it's worth. I have no idea: is it worth it to piss off the cellar by making a low bid just in case I could buy it half a year early?

    And if I'm pre-approved for the value of the home at it's last selling price will that alter the chance of me getting a mortgage if the new price is below $50,000? Does that suddenly become a personal loan? Will I lose the 2% interest I might be looking at and suddenly have to go up to a 25% interest for such a small loan? I don't even know if you can have a loan for greater than the value of what you're paying for the house -- for updates and repairs.

    I'm a first-time / hopefully last time ever home buyer. I don't have kids, I don't have anyone else who's going to live with me, and I have the 10% down payment.

    Assuming that you can't talk me out of my choice of house despite how I have described it to you, what action should I be taking right now? Should I be sitting on my hands and waiting for it to come back on the market so that I can continue to put money towards savings so that I have even more of the house payment in my hot little hands when the time comes? Or am I risking the house never going on the market at all continuing to rent forever and having to find a totally different situation? Would waiting positively or negatively affect my ability to get a good deal and a good mortgage?

    submitted by /u/EricaLeeRomeo
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    Commercial versus residential?

    Posted: 12 Jul 2020 03:08 AM PDT

    I'm about to graduate from college but, long story short, I hate my degree and don't plan on doing anything with it. I've been way more interested in real estate and plan on taking a pre-licensing course as soon as I'm graduated.
    I would love to hear what people with experience in both commercial and residential have to say. I am leaning more towards commercial. How does work load and schedule compare to residential, how does commission and salaries compare? Anyone really like one or the other? I'd love to hear some insights

    submitted by /u/American_Psycho11
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    Worst "interview" ever. Is this common for this industry??

    Posted: 11 Jul 2020 02:04 PM PDT

    I'm in the process of interviewing a bunch of brokers right now prior to getting my license. You guys and my realtor friends have helped a ton with preparing me for these and I've created a list of questions to ask to get a feel for what these brokers are like.

    Yesterday I attended a google hangouts meeting that was scheduled for about a week and immediately my audio wouldn't work. The guy I was meeting with wouldn't even look at the camera and just kept huffing and puffing saying "Ugh just call me. Don't bother fixing it." So I called him, I said "I'm sorry I don't know why the audio wouldn't work" and his response was "Well that's going to be a problem..."

    The entire conversation seemed one sided. He acted as if I was wasting his time and seemed like the last thing he wanted to do was "meet" with me. Lots of "sighs", silence and I could hear him get into his car at some point.

    I told him why I was interested in real estate and he said "Oh, it sounds like you've given this a lot of thought. that's good." He told me to not bother with the in person class and just get it over with online. I told him my reasons for wanting to wait for the in person class and he said "I did it that way and the teacher told me that any dumbass can pass that test. I failed my first time" He would randomly go into rants that seemed unrelated to my questions. At one point he said "You need to not fuck over a brokerage you're leaving and need to keep a good relationship with other realtors because you might work with them in the future" He also mentioned That I would have a hard time getting an offer accepted while on my own unless I was on a team. He said people wont bother with responding to me. All of this advice came out of nowhere, like he was giving me a pep talk and avoiding my questions about him and his team.

    It was impossible to keep a flow of conversation going with this guy. I'm GREAT at making conversation with nearly anyone on this planet about any subject, yet this was the most awkward experience ever. In the middle of us talking he said "It sounds like you have a checklist your trying to go off and I cant help you with that."

    Examples of his responses to some of my questions:

    How would you describe your office environment on a typical day?
    "Big"

    How would you describe the agents on your team?
    "Umm I mean I guess if you want to know you can just go on our website and read their bios" My last interview i got a response with "Fun, collaborative, open and friendly" which is the direction i was hoping for..

    What type of training do you offer? what's included? are there any fees for your training?
    "Umm well you'll be working with our accountability couch for a year. they take a percentage of your commission for a year." He wouldn't go any more in-depth no matter how much I asked. I even gave him an example of what type of answer I got from another group to get more out of him..

    He kept mentioning that he's on "Best of Zillow" and bragged about all of his hundreds of 5 star reviews.

    I eventually said "Well it seems like you've answered all my questions that I have. Reach out to me if you'd like" and ended the call.

    My last interview prior to this was wonderful. I had every question answered, they acted excited to speak with me and the flow of conversation was seamless.

    Am I going to continue to encounter this type of uncomfortable interview? Why did he bother taking the meeting to begin with?? How the hell does this dude have SO MANY 5 star reviews??

    If you've made it this far, thanks. /rant

    Screen shot of my questions I have

    I understand some of these are hard to give answers to but I'm mostly looking to see how they will respond and if they're trying to blow smoke up my ass lol

    submitted by /u/SeitanicTrashPanda
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    Michigan Real Estate License Online Exam?

    Posted: 12 Jul 2020 04:14 AM PDT

    I'm trying to find out if I can take the real estate exam online?

    submitted by /u/142562718
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    My broker just ruined my rapport with our client that I have built up for the last three months

    Posted: 11 Jul 2020 04:58 PM PDT

    I just need vent real quick. I am my broker's showing agent for all of his listings. I have been working with one of our Sellers for three months now. (Home was listed right as our shutdown happened). They have had multiple showings a week recently and are tired of showing so much without any offers. They aren't in a rush to sell so they only want to show one day a week. My broker who has barely spoken to them called and told them they have to allow showings every time to get their house sold because they might turn away someone that wants their house. I understand his logic but I chat with the Seller all the time and now I am only getting one word responses from them. I am pretty sure they are pissed and would fire us if they could. I am pretty upset about it because of the rapport I have built with them. I really pride myself on the relationships I create with my clients and I can't exactly call them and say I am sorry. I don't agree with him and I can't do anything about it.

    submitted by /u/manatoe
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    My Dream Job.

    Posted: 11 Jul 2020 07:19 PM PDT

    Hello, my name is Brandon and I'm 17 from Northern Cali. Being a real estate agent is and has been my dream job for some time now. I will be starting my course soon. I am very concerned about being taken seriously, and getting my first few clients. Would anyone actually want to be my mentor? Can I start as a supportive role in the office? I have the skills for this job and I am ready to work my ass of for it. But man, I look 16. What should I do?

    submitted by /u/Caliburnnn
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    FSBO and exclusive agency representation

    Posted: 11 Jul 2020 04:15 PM PDT

    This is specifically in NC. Let's say you had a client interested in a particular market. You have some conversations back and forth and line up 5 houses for them to look at. None of them are really a fit, and you mutually decide to keep looking. As they are from out of town, they spent some additional time in the area. They happened to drive by a FSBO property and texted to get info. As their buyers agent, would you be (legally) or feel (emotionally) entitled to compensation if that transaction were to close?

    submitted by /u/ichliebekohlmeisen
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    Buyer signed contract but backed out before sending $1,000 Due Diligence Check (NC)

    Posted: 11 Jul 2020 02:22 PM PDT

    New agent. In NC a "due diligence" fee (separate from earnest money) is customary.

    I listed a home and it had multiple offers. Accepted a buyers offer, but they never send the due diligence check and then called 3 days later to back out.

    I'm telling my seller to just ignore this buyer and accept one of the 2 other offers, but buyer wants (and technically is entitled to?) the due diligence money.

    What do you do in these scenarios?

    Seems pointless to ask the buyer who backed out for the check, especially if we have other offers and it's hard to pursue.

    submitted by /u/joebidensmellshair
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    Advice on transitioning from massage therapy career to real estate

    Posted: 11 Jul 2020 04:13 PM PDT

    Hi all! I've been in the massage therapy industry for the last 13 years, but knew that I eventually wanted to get my real estate license at some point. Covid has given me the push I needed to make this transition and I'm currently taking the pre-license courses online!

    That being said, I've really never worked in an office environment and am curious what software I should be familiarizing myself with so that I don't look like a dummy? Are most brokerages comfortable with training virtually through zoom or are new agents expected to go into an office? I currently have an office setup at home and am prepared to work remotely. Any advice/words of wisdom are much appreciated! Thanks in advance :)

    submitted by /u/beesly-pam
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    Real Estate industry

    Posted: 11 Jul 2020 08:53 PM PDT

    Don't we technically work in the Financial industry? Why or why not.

    submitted by /u/UrBeautiful47
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    Where to get a purchase agreement when buying property from family?

    Posted: 11 Jul 2020 02:33 PM PDT

    Hi, we are trying to purchase property that's been owned by family members for a while. The bank is needing a purchase agreement from us, which we don't have since we aren't using a realtor. Where would someone get that from (quickly if possible) so that it still covers all the legal things that normally go into that document?

    submitted by /u/BOballin17
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    Starter home. Put tile in all of the house or carpet in the bedrooms and tile everywhere else?

    Posted: 11 Jul 2020 01:14 PM PDT

    For a starter house I'm wondering what I should do. The master has its own bathroom (shower) and the guest will have the usual tub for future owners with kids. Would it be best to put carpet in the bedrooms or just tile everything?

    submitted by /u/johnjohnsee
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