Realtors: Rants, guilt, racism, and lack of knowledge |
- Rants, guilt, racism, and lack of knowledge
- The show Million Dollar Beach House is a disgrace to the real estate industry
- Standard form descriptions (AZ)
- Studying for a license and learning things you NEVER will use
- Suburbs or City?
- Tenants in common
- Do you think this is an ok way to ask for a referral?
- Are realtors really telling people to wait until after the election because more houses will be available?
- PEOPLE ASKING FOR INVESTOR ADVICE
- Question from a FTHB
- Do you remember everything you studied for your license?
- Any CB Agents use RealVitalize regularly? What has been your experience?
- Veteran Realtors I have some questions!!
- Advice For My First Coffee Meeting?
- Anyone ever get any business from strippers/escorts?
- A picky buyer that won’t win their first offer
- 1st time home buyer wanting to bring their parents to see it.
- Where do you guys get your listing photos touched up?
- Where do I begin?
- NC BIC course and exam
- Quick advice
- EXP Agents.. who runs a team in Los Angeles or the OC? I want to leave my brokerage and join a team possibly.
| Rants, guilt, racism, and lack of knowledge Posted: 30 Aug 2020 08:45 AM PDT Just feel that I have to rant, I've been in real estate 10 years now, 3 as a conventional agent/Realtor and the last 7 as a referral agent at my company's call center. Basically I talk to buyers, sellers, and renters when they're interested in a new home/condo/property, etc.. I've been in I.T. for almost 28 years before that. I went into real estate as it was interesting and I was a bit burned out on fixing computer issues all day. (People only called with their problems...) I'm also a white, male in my 50's. I thought I've heard it all. But the amazing things I've come to learn are a bit shocking still in this day and age. 1) Buyers are still amazingly racist. "I don't want to live in/near <big-city> as there's too many <n-words> and/or too many <epithet-for-arab-americans> and/or <epithet-for-east-indians>. They don't hide it. I service them and refer them to my agents in the field anyway, but it just makes me SMH. 2) Agents are also horrendously racist. As I'm on the phone with them giving them details on the client I'm going to refer to them, I can hear the sigh or sound of disappointment when I give them the name of the client and the name is obviously African-American, Arabic, or Indian. Many agents outright refuse and make up a silly excuse. Some will tell me, "I don't cover that area", even though I can specifically state that the agent can literally throw a football from their office into the neighboring block in the "other" city inquired on. 3) Part of #2. I speak to several black clients on the phone every day and the most common thing I hear is, "You're the only agent that's called me back." WHAT? Does this happen all the time? They're just thrilled to get someone on the phone to speak with them about just finding ANY home. 4) Blacks in <big-city> call me up and ask for land contracts and/or rent-to-own homes, probably two of the most scandalous methods of acquiring a home. The city has been known for DECADES as having fair housing issues, land contracts were commonly used as FHA and lenders specifically did not lend to blacks, before fair housing/fair lending laws came into place. But there are generations of potential black homeowners that have been told for many years the "only" way to buy a house is on a land contract. They don't know that lenders DO exist to get conventional mortgages. Still today, land contracts are heavily used and the owners/sellers use them to get around leasing/tenant laws and evict slow-to-pay or non-paying tenants, egregiously. 5) Last of all, white buyers above a certain price level, are extremely boorish and "entitled". Whereas most buyers under a certain price are pretty well-behaved, the "rich" tend to be very off-putting and ask for anything and everything. We ask buyers to be pre-approved (actually require it nowadays) and mostly all other buyers below that point are fairly accepting and understand why. But the "rich" get very upset and insulted that we even ask for any kind of pre-qualification before buying. They assume agents will drop everything just to show them an expensive house that they're only "mildly interested" in and don't have any solid plans to buy yet. They expect agents to be unpaid tour guides, basically. I'd rather work with 10 low-price buyers than 1 high-priced rich buyer. This isn't ALL rich buyers, but unfortunately, it's increasingly more common across more expensive home buyers. I just had to get this off my chest. I haven't "gotten used to" the appalling things going on. I love my job and many clients are good and well-meaning. It's just shocking to me, that's all. Any similar experiences out there? [link] [comments] |
| The show Million Dollar Beach House is a disgrace to the real estate industry Posted: 29 Aug 2020 06:05 PM PDT |
| Standard form descriptions (AZ) Posted: 30 Aug 2020 12:28 PM PDT Does anyone know of a resource that gives descriptions of the forms used in transactions? Preferably for Arizona (AAR) forms. I'm using the Residential Property Income Addendum for the first time, and I thought that it was only used if the property was currently leased to a tenant. TIA [link] [comments] |
| Studying for a license and learning things you NEVER will use Posted: 30 Aug 2020 11:34 AM PDT Like debits and credits on a closing statement. No agent that I know ever gets involved with this. The title company or closing attorney works up the settlement sheet. So WHY is this so f'ing important to agents? [link] [comments] |
| Posted: 30 Aug 2020 07:04 AM PDT Hi all, I am in the process of taking my real estate classes, getting licensed, and looking into brokerages. My question is this, I live just outside of Boston and I am unsure whether to look into brokerages that are in Boston city proper or in the suburbs. Both would be about equally close to me, but I am wondering if it would be beneficial to start in one location vs the other in terms of being a rookie/compensation/life style, etc. [link] [comments] |
| Posted: 30 Aug 2020 06:23 AM PDT I want this sell my interest, but how do I make sure to market that interest? I am worried that the other owners will think I am trying to sell the entire property without their consent. [link] [comments] |
| Do you think this is an ok way to ask for a referral? Posted: 30 Aug 2020 09:57 AM PDT I have some clients that will reach out to me with problems that are well out of my scope and pay grade. Sometimes very often. I always try and help them out if I can and go above and beyond. When they do this would it be cheesy to remind them that If they know anyone looking to buy and sell that I would be happy to help? [link] [comments] |
| Posted: 30 Aug 2020 09:22 AM PDT My parents are buying a small home to retire in and they said that realtors are saying to wait until after the election because more houses will be on the market. We're talking starter home type place, not a million dollar home. [link] [comments] |
| PEOPLE ASKING FOR INVESTOR ADVICE Posted: 30 Aug 2020 09:11 AM PDT Hey everyone, I'm being constantly asked for investor advice. Do you charge people for investor advice? If so, do you charge them a fee? Thank you so much for your time. Have any of you built a consultant firm for investors in real estate? [link] [comments] |
| Posted: 30 Aug 2020 09:05 AM PDT How long does it take you to run comps on a house? We are working with an agent right now as FTHBs, and sometimes if we find a house that we are pretty sure we want to put an offer on, I will ask her if she will run comps on it before we go to see it. The market in our area is insane, so you have to be prepared to make an offer right after seeing the property (we have lost a few homes by waiting until we get home to draft an offer). If we know the comps beforehand, it gives me and my partner a chance to discuss what we would be willing to offer so that we can act quickly. She seems super inconvenienced (and honestly a little annoyed) when I ask and says she will run them when she gets home from our tour....so I'm wondering if it's really time consuming or my request is abnormal? Thank you ahead of time! [link] [comments] |
| Do you remember everything you studied for your license? Posted: 29 Aug 2020 04:20 PM PDT Hey Guys! Would you rather take your time and understand everything and study to get a good mark? OR... Go through everything as quickly as possible and just try to pass? I wonder how much of this real estate agents actually remember because I also think with experience comes knowledge that you would have never learned though getting your license. [link] [comments] |
| Any CB Agents use RealVitalize regularly? What has been your experience? Posted: 30 Aug 2020 06:23 AM PDT I'm w/ CB and considering using the relatively new RealiVitalize program, which is a concierge-type program where sellers can have staging and/or renovations done up front but not pay for it until closing. Have you found it to be reasonably priced? Have your clients been satisfied? [link] [comments] |
| Veteran Realtors I have some questions!! Posted: 29 Aug 2020 08:16 PM PDT I just got my RE license and I'm currently in the process of signing with a broker. However, I have come to find out that she is charging 30% commission if I find my own leads and also will charge a 600 dollars or 50 dollars a month closing cost... This seem so illegal and looks identical to financial double dipping.. So my question Is is this legal but highly unethical? Or is it illegal? [link] [comments] |
| Advice For My First Coffee Meeting? Posted: 29 Aug 2020 05:20 PM PDT Hey guys I am going to have my first meeting with a potential client over coffee in the Beverly Hills this upcoming weekend. Not going to lie, I feel way over my head and very nervous. He is looking for a value add aquisition or developement property. He reached out to me through my instagram account: @losangeles.mansions I'm not expecting much, and am taking it as a learning experience more than anything, but I'm hoping best case scenario he sets up another meeting with me and my team leader. What are somethings I should be prepared to discuss besides the listings I bring him? Things like CA taxes and regulations? What are some ways to make a strong first impression? Some background about me: I am a new agent with Compass in the LA area. My team leader/mentor has many celebrity and high-networth clients. I actually met him through his mentor, and became his social media manager. I finally joined his team as an agent last month. I am 20 years old and decided that pursuing real estate experience at a young age would be more valuable than college. I'd love any general life/real estate advice as well! Thanks :) Edit: BTW, I'm in it for the long run. I'm not expecting any business my first 3 years or so, and I'm grateful to have supportive parents that allow me to be in this position. [link] [comments] |
| Anyone ever get any business from strippers/escorts? Posted: 29 Aug 2020 10:47 PM PDT Thinking of cold calling escorts and rather than asking for a date, asking if they're interested in the market. They surely make good money. [link] [comments] |
| A picky buyer that won’t win their first offer Posted: 29 Aug 2020 07:53 PM PDT Just a little venting here... I have a picky buyer. That's ok. Picky is fine. But when the "perfect" house pops up, my buyer will lose in multiple offers, I just know it. Even though as of late I have a good track record of winning for my buyers even if we aren't the highest and best. But we are going on 30+ houses here and being selective on what we see. 3-4 houses a week. That's it. I will sure as hell do WHATEVER it takes to have the first Offer accepted. Whenever that is... [link] [comments] |
| 1st time home buyer wanting to bring their parents to see it. Posted: 29 Aug 2020 03:54 PM PDT How would you go about this, would you say maybe a good idea or a bad idea>? [link] [comments] |
| Where do you guys get your listing photos touched up? Posted: 29 Aug 2020 07:33 PM PDT Hey guys, I'm curious to know where you guys get your listing photos touched up and what you guys pay for hdr edits and touch ups. Cheers! [link] [comments] |
| Posted: 29 Aug 2020 03:04 PM PDT Hello all! I am in Florida and I want to become a realtor. I was inspired by the horrible realtors I have had buying and selling my home. I want to be a good realtor that advocates for my clients best interest! Help I know I have to take 63 hours of classes but how do I know which are legit? [link] [comments] |
| Posted: 29 Aug 2020 05:50 PM PDT What's it like? I see that it's 12 hours broken into two parts but I don't see any exam requirements. What should I expect? [link] [comments] |
| Posted: 29 Aug 2020 01:39 PM PDT I currently work on a boat. I work for a Month on, and then I'm a month home. I've always been wanting to get into reality. I actually found the process very enjoyable as a buyer. Getting started in the industry.. 1. I'm 33, is it too late? 2. With my work schedule, is it feasible to start? [link] [comments] |
| Posted: 29 Aug 2020 01:39 PM PDT |
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