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    Friday, December 18, 2020

    Realtors: My community college offers a RE licensing program through several classes. Would it be better to take a class and get college credit instead of taking RE classes online?

    Realtors: My community college offers a RE licensing program through several classes. Would it be better to take a class and get college credit instead of taking RE classes online?


    My community college offers a RE licensing program through several classes. Would it be better to take a class and get college credit instead of taking RE classes online?

    Posted: 18 Dec 2020 10:52 AM PST

    Dealing with "No Blind Offer" notes - What do you do"

    Posted: 18 Dec 2020 11:15 AM PST

    I work exclusively with several large investors buying 10-20 houses a month. I constantly get "did your buyer see the house?". No, they didn't see the house. They don't need to see the house. For these investors it's more like a commercial transaction. If the numbers in their model work, I make an offer. I sit and write offers all day, every day. The investors are in California, New York, and Arizona. I don't have the time to go see houses just to appease the LA. There's nothing I can do anyway. I don't see the things their inspectors see - like, for example, pealing or delaminating cabinets or countertops. I don't see the missing boot on the vent pipe on the roof. Me opening the door will have ZERO effect on the offer. That said, I think that some of our offers are sidelined because of it. I think LAs tell sellers that this agent hasn't seen the house so they'll offer, inspect and attempt to re-trade the deal. That happens but it's usually because the house is shit and is not worth what they're asking.

    How do you get the message across, especially agents who think they being a good agent by insisting I walk the house, that it just doesn't matter. I tell them that (1) I'm not a professional home inspector so I can't comment on what I see to the buyer and (2) even if I did walk the house, it won't effect the offer.

    submitted by /u/praguer56
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    Best way to apply my commission to a home I'm purchasing?

    Posted: 18 Dec 2020 10:53 AM PST

    Would love to get your first hand experience on the best way to use my commission on a home that my wife and I are submitting an offer on. This will be a competitive process with multiple bids so important to factor that in to make our offer as enticing as possible. It sounds like the options are:

    1. Apply to purchase price. Our offer would effectively be a lower amount with the Cooperative Broker Compensation Agreement attached. Effectively, our offer would be: $X + Buyer commission

    2. Apply to closing costs. We could offer a HIGHER amount (on paper) and then I would use my commission towards closing costs. Main issue here is I believe my brokerage will take their full commission out before I can apply to closing.

    Thoughts?

    submitted by /u/ospreyintokyo
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    Job in real estate as a 3D artist? Architectural visualization?

    Posted: 18 Dec 2020 10:47 AM PST

    I graduated from college with a bachelor's degree in 3D digital design. I did photo editing, photography, 3D modeling, special effects, video editing, game design, unreal engine. I haven't gotten a job since then (2016), my dad got sick and died and many more bad things happened after that. Long story short, no job, it took 2 years to move (my parents were hoarders) and in a pandemic. The housing market is slowing down. I just had to get a new realtor for my mom to sell her old house which wasn't selling for months. Our new realtor asked me about my career and if I am interested in real estate since I know so much and I don't have a job. He said that there's a big demand for 3D artists and photographers for drones, photos, 3D modeling visualization of homes and renovations. He said that a lot of realtor needs help with that and don't want to do that themselves. He said they can make a great amount of money and it's a great career. This sounds like an awesome job for me.

    What job is this? What would this career position be called? How do I get into it? I have a 3D design portfolio online. Would I need a real estate license at all?

    submitted by /u/Oblivion2550
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    Question for agents who do large volume rentals!

    Posted: 18 Dec 2020 07:43 AM PST

    This post is geared towards those real estate agents that rent a large volume of units (50+/year) and work in a market with a strong rental presence. My market will no longer allow syndication of rentals to Zillow via MLS starting January 1. I am curious how you have dealt with the changes:

    1. Have you seen a significant decrease in leads since you moved away from Zillow rentals?

    2. How have you been able to cover the extremely high new costs associated with Zillow when working large volume? Do you pass these costs on to the owner? How do you frame that conversation?

    3. Have you migrated your rental syndication to other sites besides Zumper, Apartments.com, Craigslist or Facebook Marketplace? Where and how is it working out for you?

    4. How has the rental market advertising dynamics shifted since the change from Zillow?

    Looking forward to your feedback and I will re-post after the change is official to report back what I'm seeing on my end. Thanks All!

    submitted by /u/DumplingKing1
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    As a realtor,, how do you break into the business of selling multi-million dollar luxury homes?

    Posted: 17 Dec 2020 08:16 PM PST

    As a realtor, how do you break into the business of selling multi-million dollar luxury homes and start making huge commissions?

    How do you climb your way up this ladder?

    submitted by /u/Der_Ist
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    Aceable Agent Prep VS Champions Prep - Exam question

    Posted: 18 Dec 2020 05:33 AM PST

    Hi all!

    I am prepping for my TEXAS real estate exam next week! I took my classes with Aceable agent and have done really well on their exam prep test for the national and state portion.

    However, by suggestion of my broker I also purchased the Champions exam prep course. For some reason, I'm having a really hard time passing their prep exams. I'm making low 70s compared to high 80s low 90s with Aceable exam prep.

    Aceable has the highest passing rate according to TREC, with champions in second. But my question is, has anyone had experience with one or both and how would you rate the similarities to the exam prep to the actual exam?

    Long story short, which one should I really be more focused on?

    submitted by /u/Goldie53589
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    Covid safe client events??

    Posted: 18 Dec 2020 07:29 AM PST

    Hi Everyone,

    I am a 2 year in agent. I recently went solo and am officially on my own now. One of the markets that I serve is a small town in Georgia. I have a good relationship with a local brewery that has a large outdoor beer garden. We are wanting to host some kind of event, but with covid, it makes things sticky.

    We are thinking of hosting a cornhole tournament. What are your thoughts? What kind of COVID safe events have you seen?

    submitted by /u/MattEdwardGriffin
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    Do pools add value?

    Posted: 17 Dec 2020 02:04 PM PST

    Do pools add value? I know that there are a lot of attributing factors, but what is your general advice when someone asks you this question?

    Edit: Thanks everyone for all the advice! I probably should've mentioned in in Central Texas and my general consensus this far has been that in my location they don't add much (in fact they drive some buyers off) just wanted to make sure I was relating the correct info to clients! Thanks again everyone for your input!

    submitted by /u/TacoBellBa11er
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    Getting in to real estate as a “side hustle”

    Posted: 17 Dec 2020 05:20 PM PST

    Hi guys, I am wondering if anybody thinks it is possible to do real estate part time? I am in a creative field that doesn't pay very well but am passionate about the work. However unfortunately passion doesn't pay bills and was thinking of exploring a new career on a part time basis. I have great people skills and have only ever worked in customer focused jobs so I figured I real estate might be well suited to me. However I am wondering if it is possible to be part time from the get go, or if you need be all in on it to have any chance of being successful in this industry? Interested to hear any thoughts.

    Thanks!!

    submitted by /u/MD76543
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    Best Apps for realtors

    Posted: 17 Dec 2020 05:05 PM PST

    I'm not thinking listing apps or DocuSign etc app. What are the random apps you have that you use as a realtor? For example, I tend to use my compass app way more than I ever thought I would.

    submitted by /u/spenilly
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    Starting to Find Clients

    Posted: 17 Dec 2020 01:27 PM PST

    Hey all,

    I'm a relatively new Realtor and although I have a few clients, I'm not nearly at the volume I want to be at. Any advice for finding clients as I get started? I'm in Columbus, OH which is a very hot market right now which is why I want more clients -- I don't have enough offers going out to be winning many (law of averages, fun stuff).

    Appreciate any tips you might have!

    submitted by /u/RealEstate_Freedom
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    Do you do this to sell more homes?

    Posted: 17 Dec 2020 05:06 PM PST

    There are a lot of property investors who are looking for homes that need repairs and rehab.

    When you have one of these homes as a listing or see one for sell, do you reach out to the property investor/flipper and sell them the home?

    If so, can you tell me about the experience?

    Why you sell to investors, what's important for you, what motivates you, do you enjoy working with investors?

    Anything helps.

    Thank you!

    submitted by /u/Commercial-Fig-8092
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    Anyone join Jordan baris group from NJ?

    Posted: 17 Dec 2020 08:48 PM PST

    Wondering if I should join them

    submitted by /u/didinani
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    Do any Realtors out there use IPads/Tablets instead of a notebook in your portfolios?

    Posted: 17 Dec 2020 03:54 PM PST

    I'm a new agent and was thinking about carrying around an IPad instead of a notebook. Does anyone have opinions on that?

    submitted by /u/hardlyconfusd
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    AceableAgent California

    Posted: 17 Dec 2020 02:24 PM PST

    Hi, so I just recently bought the AceableAgent California Pre-Liscensing course, and it was not what I expected. I expected something where there would be different modules which I would have to work through but all they're telling me to do is read the 600 page long PDF and then take my final exam. Is this how its supposed to be? Does this work in terms of helping you learn the material and pass the actual California real estate salesperson exam? Are there better courses out there?

    submitted by /u/AlarmingAd5414
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    Why is assessed value typically lower than appraised value or sale price?

    Posted: 17 Dec 2020 01:07 PM PST

    I'm taking my test today (fingers crossed!) and while I do understand the concept of assessed value well enough for the test, I don't fully understand how the tax assessor's assessment typically comes out so low. I want to understand it more fully, for my own knowledge — can anyone explain this to me? Do they use different parameters? Are they looking at it from a different angle? Figuring in depreciation? Or what? Thanks!

    submitted by /u/EatsPeanutButter
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