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    Tuesday, February 23, 2021

    Realtors: Down Time and How To Grind?

    Realtors: Down Time and How To Grind?


    Down Time and How To Grind?

    Posted: 23 Feb 2021 07:40 AM PST

    Hey everybody, so I'm newly licensed (end of December) and I have been able to get one new listing that's going on the market March 1st and another one that is about to be signed. I am in Souther Ontario, Canada so the market where I am in is incredibly hot, average homes are selling like 100k+ over. However, with COVID, I feel like I've been missing the mark and not motivated. I don't know if it is depression from COVID, COVID in general, or myself being lazy and making excuses, but on my downtime, idk what to do. My brokerage has a great education system and has advised us not to pay for leads, but with everything being closed and such, traditional methods of lead generation don't seem the most appropriate in my area. Is there any of you that can offer advice that can help me get the extra drive and work every day? I've tried setting a schedule but like I said, I wake up at my desk, have no sort of real lead generation method and I just end up sitting there. I really want to get myself going.

    submitted by /u/cod5chipmunk
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    How would you present this offer to your seller: VA financing, 0 down, asking for no closing costs?

    Posted: 23 Feb 2021 10:32 AM PST

    Do you tell them they will end up paying closing costs anyway?

    It is my understanding that VA borrowers can only pay 1% of closing costs. I know there is a little wiggle room in a hot market, but I feel having to ask for $10,000 in closing costs puts my buyers at a huge disadvantage. It means every offer we put in is x-10k. They can't afford to offer an extra 10k on top of the 20-30k bidding wars just to stay in competition. However I also feel that if I don't ask for closing costs in the contract, the LA will think I'm trying to trick them, or that the deal will fall apart later because of it.

    This will be my first deal, and after asking my broker his advice was basically "work with cash buyers." Lol. I would love to show my buyers cheaper properties but there just aren't any (that would pass va appraisal). Are we just screwed? Should I tell my buyers to stop looking? Any advice is appreciated.

    submitted by /u/habitat4hugemanitees
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    Question about moving states

    Posted: 23 Feb 2021 07:25 AM PST

    Ok so I'm in the process of obtaining my license in Wisconsin and fortunately I have a fair amount of contacts and a good path lined up for myself once I complete my course work and pass the exam, but my dilemma is that although I love this route that I'm taking I also cannot see myself in Wisconsin long term. In fact me and my girlfriend would really love to move to Florida in about a year and a half or so once she finishes her degree in nursing. Has anyone ever tackled making a long distance move in this profession and been successful. I am very familiar with the Fort Meyers area as we have a shared home down there that I've been to more times than I can count. Just need some advice. Thanks everyone.

    submitted by /u/JustinJ17
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    Multicolored hair in the workplace...

    Posted: 23 Feb 2021 11:37 AM PST

    I used to have purple hair and honestly I kinda miss it. I've searched the webs far and wide but cannot find any such existence of realtors with colorful hair. Is it really that unprofessional? Are there any successful realtors out there with pink/blue hair?

    submitted by /u/ghost_w_the_most
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    Can my broker let me go without notice?

    Posted: 22 Feb 2021 08:44 PM PST

    So today I had a disagreement with my broker about a deal . ( it was nothing legal or I wasn't breaking any rules ) and he told me if I don't accept his terms, he has to let me go. I agreed to it and next thing I know that in 3 hours, he revoked all my access with MLS and told me I am no longer part of his brokerage. Now this happened while I had my offer submitted for my clients. Long story short, I couldn't get the house for my client because I couldn't operate as a realtor and this made my client really upset as well as i lost commission on it. Not sure that the client will even deal with me again. Question is, is brokerage at fault here? Did he do the right thing? What steps I can take against him? And lastly, is suing an option?

    Edit: after careful consideration from all of you guys, I Spoke with my broker today when I was handing my keys to them. They accepted it was their fault and shouldn't have fired me. They also accepted that the termination was not done the right way. They are sorry for it. I joined a new brokerage already. I am not going to sue them but i am definitely complaining to the board on how they handled my termination which directly affected my client. Thank you so much for your help. Love this community

    submitted by /u/polo1990
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    Do any of the online prep courses really help you pass the exam?

    Posted: 23 Feb 2021 09:43 AM PST

    I see people recommending Prep Agent, Van Ed, and other platforms and I've done a few and I'm not convinced they actually prepare you for the State portion of the exam. And I have seven licenses. You Tube seems to be a better source of material. Like Jim Hogan in Arizona and Travis Everette in North Carolina and a few good people who give tips on how their exam went and what to expect.

    My question is, what school have you found to best prep you for the exam?

    EDIT: I'm taking a Van Ed course now for Colorado and a Compu Cram for Missouri. Van Ed is ok but Compu Cram seems short on a lot of topics.

    submitted by /u/praguer56
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    Missing the game...

    Posted: 22 Feb 2021 01:53 PM PST

    Was a realtor for a year after dropping out of college in my early 20s, in that year I sold 24 homes on $5 million sales volume. Was killing it, had a good split and more money than I knew what to do with, but started getting REALLY burnt out, stopped taking care of myself (gained a bunch of weight and had some health scares with my heart, even grew some grey hairs), and was growing very cynical. Got tired of all the calls all different times of the night and weekend, unruly clients, weak and shady agents, the unpredictability, and always putting out fires. So of course I decided to look for an industry with the same earning potential but more balance and walked away.

    A few years later, I have found that, but have noticed that I don't have confidence in the product I sell like I did in Real Estate and our culture/systems/style. I have to be more of a "salesman" and less of an advisor, and miss the relationships. There are a lot of industry tactics that I don't really agree with. Because I don't have the confidence in my new industry like I did in Real Estate, I am only doing slightly above average. Everything kept snowballing with Real Estate business, and I got out before it could have really became something special.

    So, my question to my fellow redditors, is should I try to make a comeback knowing what I know now, understanding the emphasis on creating balance and self care? When my business picks up like it did, hire more assistance? Should I maybe look into breaking into the luxury market (don't know how the balance is compared to residential) or commercial?

    submitted by /u/nuggetsfan85
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    Real estate express final exam?

    Posted: 23 Feb 2021 09:21 AM PST

    If anyone here has any experience with Real Estate Express that would be great.

    What is the final exam? There are 51 chapters of material that leave the Practice Exam as chapter. 52 and the Final Exam for chapter. 53. I am under the impression that passing the final exam will give me a certificate of completion for my 90 course. After I complete my 90 hour course I am free to schedule my PSI exam.

    So when do the state and national exams come in? Do I schedule a testing time where I can take my state and national exams at the same time? I'm currently in Oklahoma.

    Thank you!

    submitted by /u/ReRothman
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    Anyone else have random realtors from their market add you on Facebook/social media?

    Posted: 22 Feb 2021 05:25 PM PST

    Happens to me more all the time. What are they trying to accomplish?

    submitted by /u/paperscan
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    If anyone is interested, one of the group coaching groups I’m in is doing a virtual event to boost your business. It’s next month and you have to register to attend. It’s a women’s group, but the concepts presented can be applied to any agent’s business.

    Posted: 22 Feb 2021 09:43 PM PST

    Taboo/illegal to write sellers a letter? (New York State)

    Posted: 22 Feb 2021 07:35 PM PST

    Hi there! So, I've been house hunting in Western New York for about 6 months now and as are most areas, the market here is BRUTAL. Not enough inventory and too many buyers. I toured a home today that I absolutely fell in love with. I truly have never felt so immediately at home in a stranger's house. It wasn't decorated to my taste whatsoever, but the home just absolutely exuded love. My real estate agent mentioned that it's frowned upon/potentially illegal to write a letter to the seller, but out of sheer desperation after losing out on 4 homes, I'm tempted to drop a note in the sellers mailbox. Now, this wouldn't be a letter begging to own their home, or a "please accept my offer" letter...more along the lines of "I know this letter may very well exclude me from being considered, but just wanted to thank you and let you know how loving and warm your home is". Yea or nay?

    Tl;dr: want to write sellers a letter as a thank you, but was told it's basically 'illegal' in NYS

    submitted by /u/Itouchmyselftosleep
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    Auction Real Estate

    Posted: 22 Feb 2021 06:40 PM PST

    Hello friends

    I'm a new real estate agent and have been meeting with different brokerages. Today I met with a real estate brokerage that operates in an "auction" style? Wasn't familiar with this marketing idea until today. Has anyone heard of this or familiar with it? It sounded super appealing but again, something I was unfamiliar with.

    submitted by /u/BamBamThaTraplord
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    Completed 60 hours of required coursework, teacher had a stroke so I was unable to take test. How do I go about taking the real estate exam now?

    Posted: 22 Feb 2021 01:28 PM PST

    Sorry for the long title, but I completed 60 hours of the real estate course back in February of 2020. Then covid hit and everything was shut down for a while, and then I got sent to basic training and AIT and just graduated this February. I found out my teacher had a massive stroke while I was away. She is still recovering & I don't believe I will be taking the test with her any time soon. How do I go about taking the real estate exam with my state now? I'm worried that since it's been a year since I took the course it won't be valid anymore.

    Thank you for any advice or input in advance

    submitted by /u/YEAHbunsNthighs
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    Asking for opinion

    Posted: 22 Feb 2021 10:41 PM PST

    Hey there fellow realtor redditors!

    I'm thinking about a profession in real estate. I'm based in the Netherlands currently doing something else. I come from a family of realtors. Grandfather, my father and uncle are all realtors and I always had interest for the profession.

    I'm curious what do you guys love the most about your profession? And of course what do you dislike the most about your profession?

    submitted by /u/daankromhof101
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    How am I, real estate agent, find lender to partner up with

    Posted: 22 Feb 2021 02:54 PM PST

    I am a new agent and is suggested to find my go to lender. I guess I am here because I am confused on how and have no one to ask so anyone with any knowledge please help me out.

    1) How do I find a lender? I moved to the city I am licensed right before pandemic hit, so I have not been socialized much, so no connection with any local lenders or know anyone that is a lender.

    2) I googled some local lender companies. Some of them have pretty good ratings. My question is how am I supposed to talk to them? They have phone number and email, should I just call or email them telling them that I am a real estate agent that is looking to partner up with a lender?

    3) What do I look and what questions should I ask to the lenders to determine if their are good or not?

    Thank you!

    submitted by /u/Mumunpocong
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    i'm thinking about becoming a realtor and was wondering for professionals out there, how do you find your clients and what types advertising is your go to service?

    Posted: 22 Feb 2021 06:32 PM PST

    Can realtors advertise any rental that’s on a MLS

    Posted: 22 Feb 2021 06:13 PM PST

    I'm almost don't with real estate school and I know a lot of realtors say to stay away from rentals. But I think I will use them to start. Because I will need some more steady income and I would imagine it's faster to sell a rental than a house. Anyways I remember months ago when I got a new place my realtor sent my a link to a MLS of properties in the area I was looking to live. And forgive me if my question is stupid I really don't know. Say I get licensed can I go on the MLS and advertise any place I want? Like can I look at a place and post it on Craigslist or Facebook marketplace or what not? Or does that landlord have to list exclusively through my brokerage? Because the link didn't seem like his brokerage website I think it was just a MLS. I could see myself hustling and grinding and getting atleast a few rentals a month that way and just save that money until I have like six months of bills saved so I can start doing real estate full time. Any thoughts or advice appreciated thank you

    submitted by /u/hunkachunk88
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    21 Year old perusing NMLS

    Posted: 22 Feb 2021 01:53 PM PST

    I'm taking a semester off university due to the pandemic and have made a priority with this time to peruse another job to get me through school. I come from a family of realtors who have all recommended me to consider becoming a LO(Loan officer). My question for this sub is

    What can I do to be different than other officers?

    Is it worth working in a bank or a big lenders?

    What advice would you give to someone my age getting into this industry?

    What's the pay like ? (Virginia area)

    submitted by /u/iiflowwzz
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    Bay Area, CA Online Classes

    Posted: 22 Feb 2021 01:50 PM PST

    I have been following this subreddit for quite some time now and I've seen posts regarding different online classes. I am looking for that final push and what I need to know is what would be the best online site for classes so I can obtain my license. What would you recommend I do, sign up on a class or meet with brokers and talk to them first and see what they would recommend. I really appreciate the help.

    submitted by /u/Janhardy
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    HOA management/ manager in Near Boston/ Massachusetts?

    Posted: 22 Feb 2021 05:05 PM PST

    Hi My building is looking for a good affordable HOA manager. It will be a part time job.

    PM me. Thanks.

    submitted by /u/slothgangsts
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    Sellers being difficult a week away from closing

    Posted: 22 Feb 2021 03:56 PM PST

    Hi realtors,

    I'm a buyer that's a week away from closing and I've been experiencing some difficulties with the sellers. My realtor and the sellers realtors are in communication but the sellers are being extremely difficult with 2 issues:

    1) one of the garage doors was broken and the sellers agreed to fix it before closing. They fixed the door but painted it to a completely different color. It's a 3 car garage and the middle one (the one they fixed) is a different color. My agent addressed this issue but the sellers are refusing to fix it.

    2) a neighbors basketball hoop is sitting in our front yard. We paid for a survey and addressed the issue but the sellers are refusing to acknowledge the problem.

    We are 8 days out from closing and we've done due diligence on our part. How can I go about dealing with the sellers when they're being so difficult?

    submitted by /u/phantomofthe1108
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    FL 45-Hour Sales Associate Post Licensing Exam

    Posted: 22 Feb 2021 01:00 PM PST

    Question for current/former realtors in Florida. Is anyone familiar with the FL 45-Hour Sales Associate Post Licensing Exam? I'm planning on taking the 100 question exam soon and I'm wondering how easy/hard it is. I don't know whether I should study for it more or just try to take it on my computer tomorrow.

    submitted by /u/TomKat933
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