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    Wednesday, March 31, 2021

    Realtors: r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)

    Realtors: r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)


    r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)

    Posted:

    Please use this thread to discuss the three most common topics in r/realtors.

    1. Becoming a new or part-time agent, taking the exams, or requesting general business growth advice.
    2. Lead generation and internet/offline marketing.
    3. Agent or office websites and CRM Software (Customer Relationship Management).

    Remember it is not permitted to promote your own brand, service, or company by any means, but you may comment on other services you've used; good or bad.

    Join our community discord for live chat and more: https://discord.gg/bsmc2UD

    Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/joeyda3rd
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    “In-House Exclusives”

    Posted:

    How is everyone personally doing in their respective markets? It's a crazy sellers' market where I'm located in NC and it doesn't help when listing agents are keeping their listings on MLS as "coming soon" for weeks while shopping said listings internally to keep their commissions "in house." Regardless of how they try to justify it, it isn't in their clients' best interests to not field the greatest quantity and quality of offers. I hope state real estate commissions step in by putting a limit to how long a TML listing can actually be "coming soon."

    submitted by /u/AndyEternity
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    Just mailed my application for the real estate exam off today. Im getting ready to begin interviewing brokerages. Are there any specific questions I should ask?

    Posted:

    Just did my taxes ��

    Posted:

    Ughhhhh $18,000 owed. I have it set aside but MAN it's just a total gut check having to dole out the cash all at once.

    submitted by /u/honeymustard_dog
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    Nervous for my CA Licensing Exam

    Posted:

    Hi all,

    I'm scheduled to take my CA licensing exam on April 6th. I completed my pre-licensing requirements through The CE Shop and am consistently scoring ~80% on the practice exams they offer. I also have a Barron's test prep review book, and I've been scoring ~90% on those practice tests. Lastly, I have been using a lot of the free resources from Prep Agent. Regardless, I'm still a little intimidated by the test as I'm only 18.

    Has anyone used the same resources I used to pass their test? How did the actual exam compare to these resources? Any advice for studying in my last week of preparation? Please let me know. I'm trying to gauge how I'll fair.

    Thanks in advance!

    submitted by /u/DylanVVS
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    If I find the course boring is that bad?

    Posted:

    I am 26% done with my real-estate course. A good amount of the info is interesting but a big chunk is stuff about businesses, and other topics that don't quite interest me. I know they are important. I want to be an agent to help people, talk to people, be the agent people want and deserve. But if I find the class monotonous at times, does that mean I won't like being an agent?

    submitted by /u/Liamcb2002
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    Best way to Learn styles of homes?

    Posted:

    Quick question about California RPAs and Trusts

    Posted:

    Hi guys. I have a quick question. The seller on the tax docs for this home my client would like to purchase is "____ Revocable Living Trust". Do I list the sellers names on the RPA or just the trust name? Thank you!!

    submitted by /u/Hihihihi4x
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    Crazy sellers drive me mad

    Posted:

    I shouldn't have done this. Neighbors warned me but I listed a neighbor's home and it's been a nightmare. First, she's a retired millionaire from various sources but I think she got that way partially from screwing people. The house is listed, we get an offer in 10 days and instead of countering she accepts it. I told her not to accept the first offer and to at least counter higher. Nope. She wants out so she accepts. Low and behold she calls a few days later asking about the commission. She said "you said it was negotiable". I agreed that it is and she asked to drop it form 3 to 2%. I said, since you understand that it's negotiable I won't go lower than 2.5%. She accepted that. Then the inspection came and of course there were repairs. It was really a punch list so I told her just give them closing costs and a Home Warranty and be done with it. She agreed and they accepted. Now she's bitching that she has to pay the commission on the full price and not the "reduced" price.

    I'm sure there are worse horror stories but the first rule of real estate should be NEVER DO BUSINESS WITH FRIENDS OR RELATIVES!

    submitted by /u/praguer56
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    Thinking of getting my license

    Posted:

    I'm thinking of signing up for classes to get my realtor license. I have a full time job and am hoping to do this part time. Honestly, if I sell one house per year I'd be happy. Feel free to give me some tips/pointers/ anything! I want to hear the good and the bad about being a part time realtor.

    submitted by /u/FallenAilen
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    Do realtors qualify for Unemployment benefits

    Posted:

    Wondering if any realtors claimed unemployment?

    submitted by /u/Beneficial-Nail8157
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    Md PSI

    Posted:

    Looking for insight on the md PSI. How difficult is it in comparison to other states and how many passed the first time vs multiple times?

    Tia

    submitted by /u/Correct_Gift303
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    Why are realtors so expensive in US?

    Posted:

    Been in US for 10 years, having immigrated from UK. I bought sold 4 or 5 homes in the UK. The max I ever paid was 1.5%. That is sellers fee only, there is no charge for buying a property. That includes the usual listing, advertising, showings, etc etc so I'm scratching my head to understand why there is so much more cost in the US model for pretty much the same service.

    Unless there is a huge added service that I am not seeing...this market is ripe for MAJOR disruption similar to the used car market is going through.

    submitted by /u/demonfish
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    Am I being too needy as the homebuyer?

    Posted:

    How often should I ask to see homes?

    With how hot the market is I've already missed one home that went in three days. This one is amazing and has been on the market two days already.

    Can I assume if it listed Monday then it'll take offers for a week?

    I asked my realtor to see it tomorrow and he asked to push it to Friday. He showed us our second home today and our first on Saturday.

    submitted by /u/basrenal911
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    Work week and success

    Posted:

    What does a typical work week look like for you and any success stories you'd like to share? Thanks!

    submitted by /u/Blondie12388
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    $495 Real Estate Transaction Fee

    Posted:

    Hello Reddit,

    I am a first time home buyer in PA. About 6 months ago I hired a local realtor and signed a buyer agency contract. In the contract, it specifies that my agent will be paid by the seller of 3% of the sales price. No other fees are outlined in this contract.

    Fast forward to recently, my offer was accepted and I started mortgage shopping. During which, my agent disclosed to me that there would be a $495 "Real Estate Transaction Fee" that I need to pay to his/her agency at the closing table. I was obviously frustrated by the lack of transparency, so I have a couple questions to ask you.

    Am I obligated to pay for it? If I do not, does my agent cover this fee for me out of the commision? Is this a common practice for buyer's agent to charge extra fees at the closing table?

    Thanks for your inputs!

    submitted by /u/leo3lee161
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    Sugarland Tx Agent

    Posted:

    Long story short I have a referral for an all cash buyer client in sugarland Texas who needs an Agent ASAP. Spanish speaking is a must. Please let me know if you have a contact in sugarland TX who can help my client today or tomorrow morning. The house they want is accepting offers until tomorrow 3/31/2021.

    Edit: thank you all, I ended up getting into contact with an agent near Houston.

    submitted by /u/PFRvsCSTR
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    Advice on PPC / Google Ads?

    Posted:

    I'm getting started with Google Ads and search words, would appreciate any advice!

    I'm offering a pretty good hook with a decently discounted listing commission (3.5-3.9% where as avg in my market is 5.5%). Surprisingly I get quite a bit of business off Craigslist and I'm pretty good at converting FSBOs.

    I'm moving to Google Ads now as my next marketing effort since I have a decent "hook." Any advice on optimizing lead generation off Google Ads?

    submitted by /u/MrMagooIV
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    Learning a new market.

    Posted:

    Client is buying in a network that I am not familiar in. Would you recommend going straight to another agent and getting a referral fee from the transaction or is learning the market and execute the sale the way I know how the best bet.

    submitted by /u/minaissance1
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    How do you guys like to be contacted and how can I do my job better?

    Posted:

    Hey guys, I'm a new mortgage loan officer based out of California and I read that realtor/lender relationships are very important in this industry. How do you guys prefer to get contacted ? Also what do you wish your lender would do more often to make your job easier? Thanks in advance!

    submitted by /u/BroSofa
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    Should I apply for an internship at a brokerage before I get my license, or get a job as a door to door sales rep?

    Posted:

    I have until September until I can take my exam and was wondering which would be better. I was thinking the experience of an internship would be good, but I think the sales experience would be more useful. Any thoughts?

    submitted by /u/lemonkyyy
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    Capital Gains Exemptions-GA

    Posted:

    Can sellers be exempt from paying capital gains if they have lived in primary residence (in GA) less than two years but are having to move because they are changing jobs? It's my understanding per my very expert Google search that they would be exempt but there is no hard definitive answer. I've asked my accountant and several realtors in my brokerage and they just keep saying to plan on the worst but hope for the best. My sellers will be 2 months shy of the 2 years if they list in June like they want/need to; but may wait if it means avoiding paying more taxes. Thanks in advance!

    submitted by /u/heatherdee76
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