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    Monday, February 1, 2021

    Realtors: Local online forum user wasting my time and asking for my resources. How to be kind, but also shed the convo?

    Realtors: Local online forum user wasting my time and asking for my resources. How to be kind, but also shed the convo?


    Local online forum user wasting my time and asking for my resources. How to be kind, but also shed the convo?

    Posted: 01 Feb 2021 05:44 AM PST

    I'm active on my city's subreddit just participating in RE questions in a weekly thread. People in my DM's using my time asking me questions comes with this territory (what do you think of X property, how is Y neighborhood, etc.). I'm fine with that.

    A user has been chatting me for a week, asking a ton of questions, but won't answer mine (are you pre-approved for a loan, for instance). He just kind of moves on to the next question or topic. He comes across like someone who has no idea but it is exploring options (even told me he doesn't know rent or buy).

    I want to keep my reputation really strong on the subreddit - I don't want to "gatekeep". But he's asking for intros to my lender, and my preferred lender is a rockstar; I really only make intros when people are buying with me. I was thinking of telling this person please give me your e-mail and I'll make an introduction, but even then, I'm afraid I'd never hear from them again in the real world. I also wonder if I keep showing them I'll do what they want with no answers/value in return, they'll keep escalating favors. This seems like the kind of person I'd show a listing to, then they put in their offer through a cousin who is a realtor, or something. Is this too forward?

    "At this point, it seems you are looking to use me as you buyer's agent and benefit from lender introductions, property analysis, etc. I'm more than happy to help in this regard! Can we meet on Zoom to go over questions? You still haven't mentioned a timeline - we can talk about that on our Zoom meeting. I want to ensure we have a solid one to line you up for a successful purchase."

    Can someone offer a more graceful way of either gauging how serious this buyer is, or ending this ongoing discussion? Do you guys make intros and such for people who have not signed on as your buyers?

    submitted by /u/yoshi_ghost
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    Realtor Relocating - business build up ideas

    Posted: 01 Feb 2021 08:50 AM PST

    I would like to move in the next 2 year, but I want to have some business built in the area first. Other than online ads targeting buyers, has anyone done this? Joining meetup groups maybe to get in with people with the same interests? It is 1.5-2 Hours away from where I am now, so I can't just run over to this area as much as I'd like to get familiar with the area or join events..

    submitted by /u/WhySoNaCll
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    Sitting For A Builder In A Model Home

    Posted: 01 Feb 2021 11:31 AM PST

    Does anyone have experience with this? Is it a good idea or no?

    submitted by /u/amartinofficem
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    Giving clients your commission ???

    Posted: 31 Jan 2021 12:46 PM PST

    Soo it's my second year in real estate and I seem to run into this thing where clients feel I should kick them back a part of the commission...where/who is this coming from? It's starting to really get to me, it's like a slap in the face almost..is this something a lot of agents do?? I feel it sends the wrong 'value' message. How do I combat that question without coming off rude/losing the business?

    submitted by /u/Repulsive-Impact-526
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    Scripts, etc

    Posted: 01 Feb 2021 10:00 AM PST

    Hi guys, I recently became a Realtor and joined a brokerage. The brokerage I joined sold me on a lot of stuff but so far, it has been horrible with little to no training. I'm stuck with this brokerage for 2 years now due to contract. I was wondering if I could lean on anyone here for any tips for where and what I should be doing and if anyone can point me in the right direction for good places to get scripts? I don't mind paying, bills are already stacking up but if paying incentives someone to help out, I'm fine with it! Thank you very much all and I hope you all have a great day.

    submitted by /u/fuhkzero
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    sales or leases

    Posted: 01 Feb 2021 09:19 AM PST

    Hi ya'll, for the past few months I've been learning as much as I can about the industry and building gout my social media/sphere....but the company I work for gives us leads and sometimes I'll get a rental lead which I automatically send back to our admin and tell her to redistribute as I don't focus on rentals. Am I giving up easy money?

    I've been told by my mentor that rentals suck, and it would be more efficient if I spent my time on sales as those clients are usually more loyal/stable, and it'll be worth it (money wise). Basically that rentals = the juice isn't worth the squeeze at the end.

    THOUGHTS?! Sales vs leases - where should my time be spent?!

    submitted by /u/Sisyphus3x
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    Zell calls

    Posted: 01 Feb 2021 08:55 AM PST

    Does anyone have any experience with Zell calls? I was told it's a thing, but I can't find anything on it.

    submitted by /u/Meow99
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    Stigmatized property

    Posted: 01 Feb 2021 08:40 AM PST

    Hello! I hope this is okay to post here, as I don't think its a FAQ.

    Realtors, I'm doing a small project where I want to mention a figure for the number of stigmatized properties. (I know... there are ways to split this answer between already-sold and on-the-market.) I'm looking for just a round general number, that can be cited with a source. Not knowing anything about real estate or realtors, I'm not sure where to even start looking for this info, or if the statistic even exists. Through Google I found out that "stigmatized" is the professional term for what I mean. But I'm not sure where to look next.

    Thanks!

    submitted by /u/48stateMave
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    commercial showing / scheduling?

    Posted: 01 Feb 2021 08:05 AM PST

    What are commercial agents using to schedule commercial showings?

    For example, showingtime.com is used for residential.

    submitted by /u/guru223
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    I'm struggling on how to follow up with a lead that loves their home, but would 'list' for a certain price. How do I appropriately follow up with this person? I appreciate the advice in advanced.

    Posted: 31 Jan 2021 11:58 PM PST

    I think I may not be posting on the right page... But I would love to get your guys help and feedback. I've been working in this field for about 3 months now. It's really not the easiest field, I have to admit. Everyone would be doing it if it was that easy, like people say on here. After 3 months, I still find myself not knowing how to appropriately follow up with client sometimes. I haven't really had much client activity going on that's solid. However, I ran into someone this weekend on my prospect list that says they love their home, after an extensive kitchen remodel. I sent her a text on how much her home is worth after doing a CMA. It's been a couple of days since the initial engagement. I find myself not knowing what's the best way to follow up with this lady. Can you guys provide me some advice on what's the best way to approach this lady? She said she would list her house for a certain price if she decides to list, but she does love her "phenomenal" kitchen"? Thank you in advance guys!

    submitted by /u/jqucla
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    Realtor school

    Posted: 01 Feb 2021 01:48 AM PST

    Hi, I'm really interested in going to realtor school but I don't know if it's best to take an online course or attend an actual classroom. Would love to hear your advice and your experience.

    submitted by /u/Outrageous-Ad-9500
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    Office Space Startup Knotel Enters Bankruptcy

    Posted: 01 Feb 2021 01:25 AM PST

    Any Realtors that code? Software engineer realtors?

    Posted: 31 Jan 2021 10:48 PM PST

    I'm considering taking a Bootcamp to start coding and possibly get a Mon-Fri job coding and also doing Real Estate sales with a partner, I want multiple income streams and ultimate goal income for investing in Real Estate. So if anyone here does coding I would love to pick some of yalls brains.

    I have been in real estate for 2 years and I know it's a long-term business and it's all commission and I would love to have the income to support my business and I'm almost out of debt which is 1k.

    submitted by /u/PregnantNuns101
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    Using realtors without going through MLS

    Posted: 31 Jan 2021 04:47 PM PST

    Wife and I are FTHBs. We have been looking for a couple months now, the market here is hot hot hot in socal. Yesterday we were walking my FIL's dog and started chatting with a couple down the street. They are building a house and looking to move soon. We joked about how this is an area we love but with covid there is zero inventory and they asked if we wanted to see inside. We walked through and we love the place. The husband is in construction and they gutted the house, redid all electrical, plumbing HVAC about 5 years ago. Our thinking is that he would spend more time and diligence on his own house than any flipper would.

    We asked if we could make them an offer and they said yes and gave us their realtors information. We called our realtor and he didn't sound super thrilled about the situation. In our eyes it is a really fair offer, and both parties would still be paid. The sellers get to do without the hassle of showings, especially with 2 kids and a third one cooking. And we are willing to do rent back for up to 2 months if their house takes longer to wrap up given covid.

    Is there a reason our realtor would not be happy? He brought up the fact it wouldn't even go on the MLS.

    EDIT: Talking to our realtor again after he called us back he was much happier. I asked him about it and he realized it wasn't a FSBO situation. He thought we had found a FSBO and he was kinda of dreading having to deal with one.

    We had seen a house earlier on Saturday that was like 90% and we were planning an offer. We then found this one which is literally like 100% and he thought we were throwing the other house out to try and go with some crazy FSBO situation.

    submitted by /u/Financial_Raccoon902
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    Any Realtors that code? Software engineer realtors?

    Posted: 31 Jan 2021 10:38 PM PST

    I'm considering taking a Bootcamp to start coding and possibly get a Mon-Fri job coding and also doing Real Estate sales with a partner, I want multiple income streams and ultimate goal income for investing in Real Estate. So if anyone here does coding I would love to pick some of yalls brains.

    I have been in real estate for 2 years and I know it's a long-term business and it's all commission and I would love to have the income to support my business and I'm almost out of debt which is 1k.

    submitted by /u/PregnantNuns101
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    Advice after failing the Arizona final exam on first try

    Posted: 31 Jan 2021 07:03 PM PST

    After completing the state required 90 hours course and passing the practice exam feeling confident. I enter the final exam losing all confident because of the structure and wording of the questions. Everything that I studied for went out the window. Any advice on how to be more prepared next time around. I'm feeling lost not knowing what to really study for. Any advice or tips would much appreciate it!

    submitted by /u/tran1288
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    Any Realtors that code? Software engineer realtors?

    Posted: 31 Jan 2021 10:38 PM PST

    I'm considering taking a Bootcamp to start coding and possibly get a Mon-Fri job coding and also doing Real Estate sales with a partner, I want multiple income streams and ultimate goal income for investing in Real Estate. So if anyone here does coding I would love to pick some of yalls brains.

    I have been in real estate for 2 years and I know it's a long-term business and it's all commission and I would love to have the income to support my business and I'm almost out of debt which is 1k.

    submitted by /u/PregnantNuns101
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    Bomb Bomb - Worth it or not?

    Posted: 31 Jan 2021 02:31 PM PST

    Hey, just wondering who's using Bomb Bomb and if it's worth it. I'm thinking about going all in on video communication for all my communication. Any thoughts on a) the value of bombbomb and/or b) going all in on video communication?

    submitted by /u/sevenethics
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    Is a college degree required to work at brokerage firms?

    Posted: 31 Jan 2021 02:19 PM PST

    I know a college degree isn't required for licensing, but do most brokerage firms require a college degree?

    I attended the University of Michigan but didn't graduate because of my struggle with addiction. However, I've been sober for 7 years and am interested in becoming a licensed real estate agent.

    If it means anything, I was recently accepted to the Faculty of Law at Hebrew University after scoring in the 99th percentile on the ACT (law school is an undergraduate degree overseas).

    My only concern is that some brokerage firms won't consider hiring me without a college degree.

    submitted by /u/vacuum_potential
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    Farming postcards

    Posted: 31 Jan 2021 01:32 PM PST

    Hey all! I have some cool designs that I would like to use on postcards. Have anyone of you had experience with any printing companies that you could refer to me? I don't mind printing labels and affixing them to the postcards, I just need to be able to upload my design and have them printed on nice stock. Thanks!

    submitted by /u/Meow99
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    How to best strengthen the offer

    Posted: 31 Jan 2021 01:14 PM PST

    So client loves the house sold "as is". Needs a ton of work but he's OK with that. Nice down payment, we offer full price with escalation clause up to 11% over asking with inspection waived. (I know, I know, crazy market) We are pre-approved but financing may come "subject to" repairs. Client is OK with it too as he'd have to do the repairs no matter what and he has the cash lined up for repairs.

    My question is: should I tell that to the LA when I present the offer? Advantage is that it makes the offer stronger and may ward off a slightly lower cash offer (Main competition I believe in this case). Drawback is, makes it tough to later ask for seller's contribution to repairs -but in that sellers market, probably unlikely to happen anyway.

    What would y'all do in such a case? Tell LA we're ready to pay for "subject to" or not?

    submitted by /u/humpydude
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