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    Realtors: What is the hardest parts about being a realtor in 2020?

    Realtors: What is the hardest parts about being a realtor in 2020?


    What is the hardest parts about being a realtor in 2020?

    Posted: 23 Aug 2020 08:24 AM PDT

    With things like Covid, technology, memes, theories about the end of the world, 2020 has turned out to be an interesting year to be working as a realtor... to say the least.

    So whether you are new to the scene or been around for a while, I thought it'd be interesting to discuss what everyone feels is the hardest part about being a realtor in 2020?

    submitted by /u/ChaePod
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    I PASSED MY EXAM! THANK YOU COMPUCRAM!

    Posted: 22 Aug 2020 04:24 PM PDT

    Thanks to compucram I passed the National Portion if my exam the second time! Ahhhhhhhhh

    submitted by /u/duval509
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    How is everyone dealing with Open Houses during Covid?

    Posted: 23 Aug 2020 10:13 AM PDT

    Do you find that it's a lot harder to get buyers to come to Open Homes due to Covid?

    Are there any tools you can recommend to help people view houses during this crisis?

    submitted by /u/ChaePod
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    What’s your Business Model Canvas ?

    Posted: 23 Aug 2020 08:18 AM PDT

    Source: https://www.canvanizer.com

    Partners

    Who are your key partners/suppliers?

    What are the motivations for the partnerships?

    Activities

    What key activities does your value proposition require?

    What activities are important the most in distribution channels, customer relationships, revenue stream…?

    Value Propositions

    What core value do you deliver to the customer?

    Which customer needs are you satisfying?

    Customer Relationships

    What relationship that the target customer expects you to establish?

    How can you integrate that into your business in terms of cost and format?

    Customer Segment

    Which classes are you creating values for?

    Who is your most important customer?

    Resources

    What key resources does your value proposition require?

    What resources are important the most in distribution channels, customer relationships, revenue stream…?

    Channels

    Through which channels that your customers want to be reached?

    Which channels work best? How much do they cost?

    How can they be integrated into your and your customers' routines?

    Cost Structure

    What are the most cost in your business?

    Which key resources/ activities are most expensive? For what value are your customers willing to pay?

    Revenues

    What and how do they recently pay? How would they prefer to pay?

    How much does every revenue stream contribute to the overall revenues

    IMHO

    Partnership is the most important segment of a realtor's business. As it provides leads and listing (the resources) which is then qualified and matched (Activity) by the agent.

    The value proposition ?

    What promise differenciate yourself from the competition ?

    submitted by /u/Capeya92
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    TX, Switching from a Tenancies in Common to Joint Tenancies

    Posted: 23 Aug 2020 08:01 AM PDT

    Hey everyone, I wanted to reach out as I hope this is the best place to ask this question.

    My wife and I bought our house in Texas around a year ago, and the default form of co-ownership in Texas is a tenancy in common. We are wanting to switch to a joint tenancy for the right of survivorship. Is this something we would need to work with the title company on or would it be best to update a will?

    submitted by /u/FewSimple9
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    How Are Contingent Offers Viewed In Your Area?

    Posted: 23 Aug 2020 07:17 AM PDT

    We're two weeks away from getting our house to market (prep, repairs, Labor Day weekend, etc) and we are casually shopping around for a new home--we've been "shopping" for months, in all honesty.

    Well, lo and behold, we find a house we really like...

    So...we place a CONTINGENT OFFER $205,000.00 original listing price. Yes, you read that correctly. $205,000.00 over asking. While they get our offer in hand, they miraculously raise their listing price $100,000. So, as we sit today, we are $105,000.00 with a contingency clause to sell our home. We even, verbally, told the sellers we would cover their "carrying costs" (mortgage, insurance, taxes, etc) for 60 days.

    Our offer expired yesterday at 5:00PM. Dead radio silence.

    How is a contingent offer viewed in your area? (We are in Los Angeles proper) What are the sellers thinking?

    Oh and PS We are talking in the range of several millions of dollars on both sides so, yes, I need the proceeds from my current home to buy the next home. So save your breath.

    submitted by /u/esovintage
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    How to get buyer and seller leads?

    Posted: 23 Aug 2020 03:04 AM PDT

    Looking at buying a house and don't know what I'm doing

    Posted: 23 Aug 2020 05:37 AM PDT

    I dont even know where to start other than Zillow, but im not even sure id qualify. 23 years old, been at my job for 4 years in Emergency Medical Services, make 48-52k a year (though 25-30% of that is overtime thats not always guaranteed paycheck-to-paycheck) have had a ~$500 vehicle payment for going on 5 years, never missed a payment, credit cards have always been paid before the end of the month, ive never had a rent payment though. My credit score is 760. Week to week I have roughly $350 of weekly bills right now (car payment, medical/auto insurance, phone plan). I would be with my significant other who would be paying a portion for the home thought im not terribly well versed In her finances. Were looking at the 90-123kish range. How realistic is it that we'd have a viable chance of approval

    submitted by /u/GraniteStateAEMT
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    Washington state agents, who do we work for?

    Posted: 23 Aug 2020 12:42 AM PDT

    Who do you sell for in Washington, brokers? Are you happy with your current set up?

    submitted by /u/duval509
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    Question About Creating Relationships with Apartment Complexes for Lease Clients

    Posted: 22 Aug 2020 02:01 PM PDT

    I'm a new, young agent starting off in a very cutthroat metropolitan market and have been advised by many successful agents to start off doing apartment leases. I've managed to pick up a few off craigslist but I've heard a lot of industry talk about these "back door" relationships agents will create with leasing specialists at apartment complexes where the specialist will just put down the agents name on the contract as the referral, even if they had no contact with the client or even knew about it. What is offered from the agent for this? Is this common? Is it legal? I'm too scared to ask an agent in my office and get a bad reputation so I thought to ask here.

    submitted by /u/warminthesnowstorm
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    Help a newbie decide to say NO!

    Posted: 22 Aug 2020 05:12 PM PDT

    So there's a job listing. 50k base plus commission, as a inside sales agent, and my main duties include cold calling for 5-6 hours a day which is what I would do on my own regardless, but if I accept this, I throw away my dreams of owning my own brand, how I want to conduct business, etc etc. should I take this position for a couple years and save up? A part of me wants to, but a part of me is saying grind it out for a year, and close a couple of 1M transactions (I'm in LA) and it'll basically even out to earning 50k even though I may get paid on the 12th month of the working month. Any thoughts?

    submitted by /u/Then-Company
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    Misrepresented bedrooms on listing

    Posted: 22 Aug 2020 03:51 PM PDT

    Looking at a home that was listed as 4 bedrooms. After first deposit and home inspection, we realize that the basement bedroom is not a legal bedroom since it doesn't have a window or 2nd means of egress. The septic tank is also 1000 gallons which is fine for 3 bedrooms, but not recommended for 4 bedrooms. We still think we can make the house work, but we feel a little crappy about buying a 3 bedroom when we are offering money for a 4 bedroom house.

    We plan to use this for seasonal rentals, so safety and liability are a concern when dealing with a fourth bedroom that isn't safe if there were an emergency.

    What's our recourse, what are your thoughts. We are a little bummed because we might walk away. We are only on the hook for the inspection right now, have t signed p&s.

    submitted by /u/calegooby
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    Building vs buying house. Need Advice.

    Posted: 22 Aug 2020 06:02 PM PDT

    My parents are looking at buying their dream home. This will be their last home.

    They have a budget of 1-1.2 million What are the pros and cons for each. Also, What things should they consider before making a decision?

    submitted by /u/van217
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    Practice tests for md real estate exam?

    Posted: 22 Aug 2020 05:54 PM PDT

    Texas 1-4 Family Contract question about Title Policy

    Posted: 22 Aug 2020 05:43 PM PDT

    https://i.imgur.com/Sd1IO8a.png

    I've never understood what this means and what I'm supposed to check. Can anyone explain it to me in simple terms? Thanks!!

    Love you guys!

    submitted by /u/teeftoof
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    Exclusivity agreement?

    Posted: 22 Aug 2020 05:07 PM PDT

    I'm a buyer, not a Realtor - but I'm curious how Realtors feel about exclusivity agreements. Do you require one 100%?

    I just got out of a long-term exclusivity agreement and I'm convinced my agent worked less hard for me because of it. I suggested literally every property we looked at, and multiple promises made by my agent (like to send out letters to neighborhoods, to find land options for me in case I want to build, etc) were ignored.

    I don't plan to sign another exclusivity agreement....but the question is...will a good Realtor work with a buyer without one?

    Thanks all.

    submitted by /u/HollywoodHogan20
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    Key factors to take into account

    Posted: 22 Aug 2020 03:44 PM PDT

    Hi guys,

    For the purpose of matching Real Estate's supply with its demand.

    What would you consider the most important factors ?

    • Price
    • Location
    • Number of Bedrooms
    • Garden

    What factors are deal breakers ?

    Thanks.

    submitted by /u/Capeya92
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