Realtors: 1099 for commission rebate? |
- 1099 for commission rebate?
- Stronger offer?
- Denied loan for Condo, dissolve regime?
- Direct Mail Marketing - Does it work?
- Realtor licensed assistant
- I read that knowing math formulas is important when taking the licensing test. These equations are motherfuckers, I had no idea. Do I need to know all of these?
- Salary range for Listing Manager
- Real Estate Photography Camera
- Which lockbox do you use for self showings?
- Client worried about wire transfer from Mexico to US
| Posted: 15 Dec 2020 07:27 AM PST I recently sold my house and my realtor gave me back a portion of her commission. But she said that she now has to give me a 1099 for the amount of the rebate. Is there a better way for her to deduct the rebate from her income without sending me a 1099 and causing my taxes to go up? Thanx! [link] [comments] |
| Posted: 14 Dec 2020 06:33 PM PST Any suggestions on what I can do to get my buyers offers accepted? It Seems like every home is getting 5-20 offers... and odds are the cash offer wins. We've tried escalation addendums, strong initial offers, shorter inspections, higher deposits. I've mentioned different routes to take like a rehab loan for homes that have higher DOM. Maybe I'm missing something? Kind of lost as to what to do... We're in Florida if that'll help at all. [link] [comments] |
| Denied loan for Condo, dissolve regime? Posted: 15 Dec 2020 08:06 AM PST Hi all, TLDR below I am helping a buyer purchase 1 of 2 units in a duplex style beach home. Part of a very small Horizontal property regime of about 5 homes. Shared docks and boat ramp with the only "dues" being 180$ a year for the boat ramp liability insurance. The regime was made in 1986 by the developer to preserve his investment, per the deed. Honestly it is useless. They originally collected dues to fund dredging the basin but that never worked out so they stopped. Appraisal happens and both sides suddenly find out it is zoned a condo. Not sure why, I provided the regime info and tax records from day 1. TLDR Loan is being denied for both buyers since this tiny condo regime does not have a master flood insurance policy or a budget (Fannie Mae guidelines). Has anyone experienced this or went through the process of dissolving a regime? If the owners knew how it affects resale I think they would agree to it. [link] [comments] |
| Direct Mail Marketing - Does it work? Posted: 14 Dec 2020 09:27 PM PST The efficacy of direct mail marketing campaigns is a heavily debated topic that seems to appear time and time again, so I thought it would be appropriate to take a poll based on your past experience. I hope that this post will serve as a foundation for future discussions on this topic. Before casting a vote please consider the following: 1. Let's assume this is not a one time mailer but a 6+ month marketing campaign. 2. Let's assume that you have access to a system that can send letters in bulk on your behalf aka writing letters by hand is not required. 3. Please try to answer honestly and preferably from experience so as to not mislead or tamper with the poll results. [link] [comments] |
| Posted: 15 Dec 2020 04:51 AM PST So I will post to career advice thread too but Im posting here because I want the opinion of a broker or of a realtor with a licensed assistant. I am 27 years old(F). I have graphic design experience, I'm learning web development and I have over 6 years of administrative experience. My first admin job in Real Estate we will call this firm Brokerage A. I answered phone calls, entered listings into the MLS, reconciled QB, maintained meeting notes, to name a few. I made $10.50/hr. It was my first admin job in RE so I took it and I made it work. I put in 35 hrs a week. I worked here for almost 3 years. Fast forward I'm now working at brokerage B. I started in February of 2020 as the executive assistant. I love working here, I love the people I work with. I also have much more responsibility here. I now help my broker with property management (arrange for things to be fixed, call the appropriate people to help our tenants, collect rent payment, record rent payments, create invoices) I am also in charge of our Social media meaning I utilize Facebook business suite and edit our listing photos and try to make appealing social media posts(because I edit our photos and add banners this can take a bit) my broker also wants me to design a brochure for our office. I am coding a new website which is taking me a bit because I'm learning Java Script and I told the broker not to worry about paying me since I'm learning this new skill and I didn't think it would be right to ask to be paid for learning JavaScript. BUT the end goal is for me to be a web developer eventually so coding this web site is really good practice for me. I am now a realtor for this same brokerage. I have 4 floor shifts a week and still kept my executive assistant job but my hours have depleted because my job as a Realtor is so demanding. I was working 20 hours as an assistant but I'm lucky to clock in 12 hours some weeks because of the demands of being a Realtor. (I'm grateful to have what business I do as a realtor) I still have all of these responsibilities as an assistant and I'm a realtor but I'm having a hard time finding time to do it all and I get paid $10/hr. My broker doesn't want me to work during my floor duty because she says that isn't fair to other agents for me to be paid hourly while on floor even though the work I do is for the office, for the broker..does this make sense? As a licensed assistant I feel my work (my designs for my brokers business cards, or the brochures, the social media networking) I feel is worth more than $10/hr considering their designs before I got here were that of someone who doesn't know as much about design as I do (which is a reason why I was hired and I get that). I assist in property management as well. So I want to ask for a raise but am scared to because my hours have dropped significantly and when I get distracted by my deals as a realtor I feel like a bad assistant..... right now I'm not making any money as a realtor. I'm struggling and want to put hours in so I can pay my bills. I'm wondering if I should ask for a raise and ask to not be on floor as much. I'm scared to because we are a small brokerage and I worry I will be told that this brokerage can't afford to give me a raise. Tl/dr; Should I (a licensed assistant) ask for a raise [link] [comments] |
| Posted: 14 Dec 2020 08:15 PM PST A few examples I'm absolutely roadblocked at:
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| Salary range for Listing Manager Posted: 14 Dec 2020 07:18 PM PST Im anticipating being offered a position on a small local team near Washington, DC. The position is titled "listing manager". It's somewhere between a listing agent and listing assistant with more of a general oversight of the listing operations. ie. Scheduling contractors for rehabs, scheduling staging, scheduling photography, helping with marketing for each property, plus more. I only got my license this summer and this would be a great opportunity to learn how to do listings at scale and work with one of the brokerages top producing agents. The position is Salaried, PTO, and a monthly bonus for each unit closed. They're doing a little more than one listing a week and they're all big dollar units. The question is, what salary range should I ask for? I really need like $52k but I don't want to sell myself short nor do I want to shoot too high. I'm new to the arena so I'm not expecting top salary. TL;DR- New agent being offered position as a listing manager on a small team wondering what salary range to ask for/expect. [link] [comments] |
| Real Estate Photography Camera Posted: 14 Dec 2020 06:57 PM PST What is a good starter camera to get into real estate photography? [link] [comments] |
| Which lockbox do you use for self showings? Posted: 14 Dec 2020 04:48 PM PST Edit: I meant self- showings for your rental listings. I am assuming that with covid peak, agents aren't going and meeting their clients at the properties [link] [comments] |
| Client worried about wire transfer from Mexico to US Posted: 14 Dec 2020 12:35 PM PST I have a client from Mexico about to sign a contract contract. He's saying there's an issue sending money to a 3rd party (attorney escrow account) because in Mexico the entire amount goes direct to seller upon contract. Our attorney is suggesting sending all Money to title company if attorney escrow account won't suffice. Anyone ever come across this and have a solution? Clearly this has been done before. [link] [comments] |
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