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    Wednesday, July 29, 2020

    Realtors: Resources for Newbies

    Realtors: Resources for Newbies


    Resources for Newbies

    Posted: 29 Jul 2020 08:40 AM PDT

    I am planning on getting my license soon but was wondering if there are any other resources to get a better understanding of the job and the knowledge you have to have for it.

    I was also wondering if it matters that you join with a brokerage right after you get licensed or if a gap time isn't an issue.

    Thanks!

    submitted by /u/fpgeek3
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    Did I do the right thing?

    Posted: 29 Jul 2020 12:47 PM PDT

    OK, I've posted before but def. needing advise or just other's opinion. I'm the listing agent and have a condo about to go under contract. I'm very proactive and spoke to a loan originator in our office and provided them the condo/HOA financials to go over in order to determine if there might be any minimum down payment. At first they said everything looks A-OK, no minimum needed. Upon 2nd review (at my request) they said whoops, looks like we missed something and they buyer will need to put 25% down for primary residence. Spoke to someone at my brokerage and was told to definitely alert the buyer's agent to see IF they could even come up with that. Reached out to buyer's agent and let them know this new stipulation and if their buyer could come up with that. I reiterated that this analysis was based upon what I was provided and that they should do their own due diligence during their 3 day period to review condo/HOA doc. After this call I let my seller know of the situation and they weren't happy at all. They believed that this was the responsibility of the buyer's agent and lender to discover on their own (seller is thinking that they possibly wouldn't discover the same). I also wishful thinking to think the lender wouldn't discover the same information. Again, my office advised to tell the agent but my thinking is why wouldn't you? If the deal is going to fall apart...it might as well fall apart early besides wasting everyone's time? Am I wrong to think this and am being too ethical. To me it just doesn't make sense. We don't have a signed contract yet either so even better as we wouldn't have to enter into a contract (that's going to fall apart) and take it off the market. Also, the property now would have a blemish in my eyes as one the went contingent and then fell apart only to go back on the market again. Ughh...so far I'm doing good for my "first deal" story 📷;-) Thanks for listening and sorry for the long post.

    submitted by /u/fhinney
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    Gross vs Net sq ft (condo)

    Posted: 29 Jul 2020 01:05 PM PDT

    Buying property based on GROSS SQ FT 903 but NET SQ FT is 810.

    Is this common practice? (buying from a developer, pre-construction sale)

    The developer/sales is marketing with Gross Sq Ft and calculates price per sq ft using Gross sq ft.

    Can I sell it with the Gross Sq FT as well?

    submitted by /u/quiiidpr0qu0
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    How do i deal with a dirty realtor?

    Posted: 29 Jul 2020 01:02 PM PDT

    Me and my family found a house we really like, it's like our dream house. We checked out the house, and after we did, we found out they were listening in on us. We just kind of shrugged off the security van in the parking lot. When we were in the house we said the pictures were crap and the actual house was great. An hour after we leave they put up better pictures. We offered 10k above the asking price, and they countered with another 5k above. They are using our offer as leverage. I have the name, email, phone and address of the realtor. How do I get back at him?

    submitted by /u/MadScientist700
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    Advertising on social media

    Posted: 29 Jul 2020 12:32 PM PDT

    So I am new to the business and trying to get my business fb page going and one of the things I want to post are listings on MLS that I like (I don't currently have any listings myself). My question is, do I need to contact the listing agent before I post their listing? I'm looking for good content for my page so any other suggestions are appreciated!

    submitted by /u/a_heartsaheavyburden
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    Examples of Easement in gross

    Posted: 29 Jul 2020 12:29 PM PDT

    I just want positive and negative story's of when this comes into place.

    submitted by /u/Xscavenger2156
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    RE / MAX vs Keller Williams

    Posted: 29 Jul 2020 11:54 AM PDT

    In your opinion, who's the best broker to work for? And specifically in the ATL / West Cobb market?

    submitted by /u/salescurious
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    Keller Williams ATL / West Cobb Agents

    Posted: 29 Jul 2020 11:51 AM PDT

    What's your honest review on working for them?

    submitted by /u/salescurious
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    Refinancing question

    Posted: 29 Jul 2020 10:14 AM PDT

    So back in 2017 I bought a home with my ex-boyfriend and his brother. Come to find out after doing a hard credit report I am not on the loan I am just on the title of the home. I have broken up with my ex and moved to a different state but his brother reached out to me because they want to refinance the home to get a lower payment. his brother told me I need to sign a document to help them get the home refinanced. Do I need to even do anything since I'm not on the loan or how can I get off of the title?

    submitted by /u/seelleenaamarie
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    I’ve been a medical assistant for 20 years, retiring in 5. Thinking of going in to real estate and property management as a second career. Does anyone have any advice for a potential future realtor? Thank you in advance.

    Posted: 28 Jul 2020 08:46 PM PDT

    Seller lied on disclosure

    Posted: 29 Jul 2020 08:36 AM PDT

    My husband and I bought our first house in June. We closed on June 10th. The disclosure paperwork said there were no leaks throughout the house. A week after moving in. My upstairs shower leaked into my kitchen. I didn't think anything of it. However, tonight during a storm I walked into the basement to find water spraying out of the foundation. This obviously is nothing new. Is there anything I can do about the sellar falsifying the disclosure?

    submitted by /u/TaquitoTitties
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    Is this commission split worth it?

    Posted: 28 Jul 2020 08:28 PM PDT

    To preface, I'm brand new to the field and it's a smaller ReMax branch that has zero desk/monthly fees, and they pay for all your advertising, business cards, paper/printing, (apparently) an expensive lead generator for all their agents, and they pay you back for your licensure once you make a sale. (Basically everything I can think of that's not the yearly NAR fees)

    Split to me-

    64%- my own lead

    48%-using their (claimed "amazing/expensive") lead generator

    38%-handed leads from broker

    submitted by /u/ObiWahnKenobi
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    Does anyone specialize in STVRs?

    Posted: 28 Jul 2020 08:17 PM PDT

    As the title states. If so, I'd love to discuss some marketing ideas.

    submitted by /u/Panicphanic
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    New to High End and Luxury Market

    Posted: 28 Jul 2020 07:55 PM PDT

    How do you as an agent take your client experience to the next level?

    As a buyer or seller, what are you looking for in an agent relationship that elevates your experience?

    I am new to the second home market / million dollar market and want to provide the service deserved. Thanks for all the ideas!

    submitted by /u/ROSESNOW2
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    Fellow Realtors

    Posted: 28 Jul 2020 11:06 PM PDT

    Fellow agents, can we please stop expecting each other to work all hours of the day? I am on the east coast and just had a co-op agent call, text, and leave a voicemail. It is 2 AM!

    The reason for the burn out of this job is that we are expected to work 24/7. If we quit expecting that of our co-op agents maybe we could create a more balanced life. Real estate is never going to be a 9-5 but we can gain some control over our hours.

    submitted by /u/nelly-423
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    Redfin for realtors: 90 seconds to respond?

    Posted: 28 Jul 2020 04:22 PM PDT

    Hi Realtors!

    I overheard someone saying that if you are a realtor on Redfin, you have 90 seconds to respond to new listings or the listing goes to the next realtor in the queue.

    Is this true? I tried googling for this, but couldn't find any info about it. I would be super appreciative if anyone could point me in the right direction. :)

    Thanks,

    Tom

    submitted by /u/tomhallett
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    Is it typical for the seller to clean the carpet prior to closing?

    Posted: 28 Jul 2020 02:13 PM PDT

    My listing will be closing in two days. The buyers agent is asking if the house will be professionally cleaned. The contract says that the seller is to clean it and remove all trash, etc. My seller is getting everything out and cleaning it up as per the contract but we're not hiring a professional service or having the carpets cleaned, I feel like thats typically something the buyers do and its not that specific in the contract. If we refuse to get the carpets cleaned we aren't at fault anywhere correct?

    submitted by /u/NavyDog
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    Personal Branded Business Card Question

    Posted: 28 Jul 2020 07:57 PM PDT

    My broker has a set of business cards that he is adamant all agents use as a template. However, the branding for our company is just outdated and cliché in the industry. Is there a rule that prohibits me from branding myself (website, business cards, marketing materials, etc.) while still labeling my brokerage? For example, a uniquely branded business card (unique color scheme, logo, etc) with the brokerage name on the bottom right corner or under my name.

    I am a newly licensed agent in California. Thanks in advance!

    submitted by /u/thotdoctor
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    Question about sales tactics

    Posted: 28 Jul 2020 05:44 PM PDT

    Not a realtor, just generally interested and have a question.

    At least in the Pittsburgh area, it seems like the process usually goes something like this for a decent house listed for a reasonable price: - House listed for sale - Take bids over the weekend - Respond to top several bids with "you're in the running, so give me your best offer" - Seller takes the top bid

    Why not "auction" the house between those top bidders? Like just say what the top bid is and ask if they can beat it? Repeat until no one wants to go higher? Sure it will add a week or so. I know time is money. But wouldn't the seller get more money?

    Thanks in advance.

    submitted by /u/FusionToad
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    Listing Photos/Video/Drone Media Pricing

    Posted: 28 Jul 2020 02:54 PM PDT

    I own a media production company that has been immensely affected by Covid. I usually travel 250 or so days a year around the world doing photography and videography (drone included) work for clients, but with the pandemic that has basically come to a complete stop. Wife and I moved from Boston to Raleigh, NC in March (horrible and great timing all at once) and after getting us settled and our new home up to speed, I'm now looking to get some work in the area. I was laughing last night at some of the comments on a thread here where people were complaining about iPhone photos being such poor examples of homes... I've bought 3 houses now and can completely relate to bad photos leaving no desire to explore the home further. My hope is to fix that for people that are looking for better quality imagery.

    I am planning to reach out to local agencies and direct to some agents here in the Raleigh area about listing photography. I wanted to ask the collective community of professionals here if they might be willing to share ballparks for what they pay photographers and videographers for listing media. Set fees per x-thousand square feet, drone photos, video only, combo packages, etc. Whatever kind of stuff you all might be seeing/paying in MCOL/HCOL areas, and any suggestions for good ways to get my foot in the door, fully recognizing some agencies have been using the same photographer for 20+ years.

    I'm happy to answer any questions as they come up. Thanks in advance for whatever insight you're willing to give!

    submitted by /u/2180miles
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    Future realtor advice

    Posted: 28 Jul 2020 02:12 PM PDT

    Hello, I am currently considering obtaining my real estate license within the next few months but the more I think about it the more I think maybe I shouldn't. For some background I am going into my 3rd year of college and am majoring in finance with a minor in real estate. My goal is to get a career in commercial real estate once I have graduated. I am considering to start classes for my license within the next few months as I feel like it is something I would enjoy. I am just wondering whether it would be worth the investment because it is about $1300 to get it. Would I be successful as a college student trying to sell homes? Would I have time to do it part time while taking classes? Would it be beneficial for my career in commercial real estate once graduated? These are all the things I begin to ask myself and think maybe I should hold off. I would appreciate any advice as to what I should do In regards to getting a real estate license.

    submitted by /u/MiJahova
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