Realtors: Customer over pricing property, despite comps and fussing at you over appraisal... |
- Customer over pricing property, despite comps and fussing at you over appraisal...
- Brokerages for someone starting out?
- Question about Culture in Keller Williams
- Books, Podcasts, YouTube
- Matterport 3D Scans
- Is this a bad time to get into real estate as a Realtor?
- Feedback for a start-up real estate law practice please?
- Best Way To Study
- Realtor license
- Can you pass California broker's exam without taking any of the prelicensing classes?
| Customer over pricing property, despite comps and fussing at you over appraisal... Posted: 14 Dec 2020 06:02 AM PST Customer over priced his property by about $40k, despite pulling extensive comps that don't support the price. Customer says it's because all the upgrades he did as to why he wanted to price it that way. I told him before doing these upgrades that they would not add value to the home like he was expecting. Despite being overpriced I miraculously got a full price offer, but prepared my seller on several occasions about the appraisal coming in low, which it did....like I said it would. Somehow, he is blaming me even though I did all my due diligence, I presented him with countless comps, I advised him not to do the upgrades that it would be a waste of money. He's wants to cut my commission from 6% to 1%!!! I said absolutely not, this has not been an easy customer and I've spent more than 125 hours working this deal over the last 8 months. He said he's "talking to his attorney". .empty threat I'm sure and I kindly reminded him to supply his attorney with a copy of the contract. Customers like this make me want to change careers, but they are few and far between thankfully. My broker said no to cutting commission as well, especially with the extensive correspondence proof I have advising my customer accordingly. The buyer is also prepared to sue for performance if the seller tries to back out. [link] [comments] |
| Brokerages for someone starting out? Posted: 14 Dec 2020 11:33 AM PST I know this questions has been asked 10000000000x but I'm on the last few steps to get my Texas Real Estate License. I just gotta take the test and do my fingerprints this Thursday. I've been contacted by a 21 Century recruiter and they let me choose between two local offices that I've known about my whole life that in my eyes are reputable and in the areas I want to work in. I already have an interview with them Thursday. I've also gotten A LOT of emails from multiple KW agents. I've read negative things about KW on here. Is there anything to watch out about? Are the band things even true? Are there any recommendations from y'all from someone starting out? I'm in DFW. Dallas County to be specific. Collin, Rockwall, and Kaufman counties aren't too far from me. Does distance even matter? Any and all help and advice is awesome. [link] [comments] |
| Question about Culture in Keller Williams Posted: 14 Dec 2020 10:37 AM PST Hi All, Aspiring agent here looking to learn more about firms, particularly in Monmouth County, NJ. I'm taking the agent class next month, and will seek my license immediately after. Right now, I'm researching the industry and getting a sense of the major players. I'm grateful for any advice I get. I know that Keller Williams touts its culture as focused on God, Family, and Business. While I have heard only good things about KW when doing my research, I am concerned that someone who is liberal, religiously and politically, may not fit into the overall culture at Keller Williams. Can anyone share any experiences that could give me more insight into this? [link] [comments] |
| Posted: 14 Dec 2020 08:53 AM PST Hey everyone! I'm a business owner of 10 years, looking to make my move into real estate as an agent. I've been asking this community lots of questions and everyone has been so positive and helpful - thank you!! What are your favorite books, podcasts, and YouTube channels for people starting out? [link] [comments] |
| Posted: 14 Dec 2020 08:38 AM PST Hello! I'm not quite a realtor but I am a photographer looking into doing some 3D virtual tours and renderings. I'm familiar with the matterport system, I just was seeking advice in regards to pricing. Have you guys seen this out in the real estate world? Have any of you paid or have done a service similar? If so what did you pay? What would you pay? My pricing is currently at $225 for a residential space, and for a commercial space, more around $250 and an additional $100-$150/year after the first year for upkeep and hosting. Any feedback for these prices? or your own thoughts / experiences? Thanks in advanced! [link] [comments] |
| Is this a bad time to get into real estate as a Realtor? Posted: 13 Dec 2020 02:44 PM PST I understand the next 36 months may mean a lot of foreclosures. What would your advice be for someone considering getting licensed? [link] [comments] |
| Feedback for a start-up real estate law practice please? Posted: 14 Dec 2020 05:11 AM PST EASTERN CANADA Hello realtors, I'm a lawyer starting a real estate focused law firm. I just finished articling, and have a mentor, but he's been practicing for 40 years - - - so his "business development" strategies are a bit outdated. Any chance you could give some feedback? It would help a lot! 1 - Getting to know realtors. WHY do you refer to the lawyers you refer to? Right now, I'm just thinking about building relationships by: A - offering free estate planning documents (wills, power of attorneys, etc.) to realtors in my area. Is that a good idea? B - offering some free online professional development workshops for realtors. Is that a good idea? C - Does anyone do flat fee referral contracts (pay $100/month to a realtor for them to refer work)? As I understand it, realtors are allowed to do that, but the 'conflict' needs to be included in the realtors service contract. D - Do you have other ideas besides asking realtors out for lunch? 2 - Practice Name. Could you vote on a practice name? I'm mostly just trying to highlight that I'm specialized in real estate. A memorable name that highlights professionalism or causes positive/confident feelings would be a bonus. "Kellick" is a just an old local word for a rock encased in wood, to be used as a boat anchor. I think it sounds nice, and lends itself to some nice old-time pencil drawing imagery. "Blackprint" is a play on the word "blueprint". So - it's like the legal blueprint - the Blackprint. The imagery will incorporate black and white architectural drawings. "Homestead" is just a blatant call to comforting real estate, but it's a popular choice during my first few friend/family polls. My only issue is that "homestead" may or may not have "comfy" connotations for First Nations people, and I'm very interested in working with local First Nations. Thank you in advance to everyone that answers ANY of these questions. Wishing you all lots of success. [link] [comments] |
| Posted: 13 Dec 2020 01:50 PM PST Hello! I'm using Real Estate Express to learn for the exam and I'm wondering what is the best way to study using it? I was recommended to use this one by someone I know. I have a friend that uses The CE Shop and preferred it but can't afford to pay for another system. There's seems like it is broken down easier with real life scenarios explaining the laws. Real Estate Express is literally just reading the laws word for word and I'm finding it hard to get through it and to retain it. Is there a better way to study using this program that I'm missing? Thanks! [link] [comments] |
| Posted: 13 Dec 2020 12:38 PM PST I want to become a realtor but I have a full time job. One of the requirements is to first pass the exam and get licensed but then you have to work under a managing broker (like remax etc). How can I achieve this if I already have a full time job? I can't work under a managing broker unless they are ok with me doing very little hours? I'm so confused how people do it. How long do I have to work under the managing broker before I can just buy sell houses myself? Licensing in IL and CAlifornia. [link] [comments] |
| Can you pass California broker's exam without taking any of the prelicensing classes? Posted: 13 Dec 2020 04:22 PM PST Hello everyone, so I took the prelicensing courses for the broker exam many years ago, but by now have forgotten virtually everything. Effectively it is as if I never took them... Since retaking them all would obviously not be a great use of time, I was wondering if it is possible for someone who has never taken any of the classes (Real Estate Practice, Principles, Legal, etc) to still pass the broker exam using an exam prep course like Kaplan? If this is possible, I wanted to ask a couple questions in particular: 1) Would a broker exam prep course contain all the raw information required for someone with no prior knowledge to pass the exam? 2) Which online exam prep course is best for California? I am looking at Kaplan's, but they only have 2 practice exams, and I was told that spamming practice exams was very important. 3) For a California license, there are 5 mandatory classes everyone must take, and then you must choose 3 additional classes from a variety of electives courses (eg Office Administration, Property Management, Escrow, etc). This should mean that the broker exam tests on the 5 mandatory classes only, and does not test on any of the elective courses right? Because it wouldn't seem fair to test on Property Management for example, if someone didn't choose that class for their elective. Thank you! [link] [comments] |
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