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    Saturday, April 24, 2021

    Realtors: This property description I came across in my local market

    Realtors: This property description I came across in my local market


    This property description I came across in my local market

    Posted: 24 Apr 2021 05:31 AM PDT

    Are FEMA Maps Accurate

    Posted: 24 Apr 2021 05:19 PM PDT

    I have clients who are interested in buying a property which is in Zone X, which is moderate flood risk, according to the FEMA maps. I had an open house today, so I wasn't able to attend the showing with them but told them to ask the agent if the owners carried flood insurance and how much it is per year. The agent told them FEMA maps are not always accurate and the house isn't in a flood zone. Has anyone heard that before about FEMA maps saying a home is in a flood plain when it isn't?

    submitted by /u/Roxnrollz
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    Digital signing software

    Posted: 24 Apr 2021 04:14 PM PDT

    I've recently seen DocuSign, AuthentiSign, and DotLoop used for virtual signing. AuthentiSign is what my Transaction Desk (where all my state's real estate form templates are filled out) defaults to sign with. It's a little bit annoying to use and it puts the date stamp under the signature which makes it hard to read, but it's free. DocuSign has a nicer looking interface, but is expensive. DotLoop I have no experience with. What is everyone using?

    submitted by /u/Gortz1
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    Forclosure listing websites

    Posted: 24 Apr 2021 09:24 AM PDT

    Hello all, is there a free foreclosure listing available? MLS is a nice database but I don't want to commit to a subscription for the obvious reason that I am cheap. Thanks!

    submitted by /u/littlebittypigeon
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    passed my final exam for my online course, it says I need to find a broker to take my state exam? Why is that? I just want my license and try to pursue another brokerage

    Posted: 24 Apr 2021 12:04 PM PDT

    Also I'm in nyc.

    submitted by /u/williamny3
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    Closing gift for rich client that has everything?

    Posted: 24 Apr 2021 08:47 AM PDT

    What's a good closing gift for someone who seems to have everything?

    submitted by /u/analog117
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    What makes an agent choose a photographer?

    Posted: 24 Apr 2021 05:14 AM PDT

    My wife and I started doing real estate photography last year. We're in Montgomery County, PA (About 20 mi. NW of Philly). We have had some success with bringing on new agents but would like to see more growth.

    We're very much focused on our clients' (Realtors') experience with us and make sure that we are giving them everything they expect and maybe a little more. Of course expectations differ by client.

    We offer high-quality photos at a competitive price; accommodating appt. scheduling; and 24-hour turn-around. We also offer video walk-throughs and agent video commercials.

    We don't currently push drone Photography/video because we just "have a guy" that we'd sub to but are planning on getting a quality drone (and license) in the next 6-months.

    We also aren't currently offering (Matterport) 3D Tours but plan on it in the next year, after we add drone.

    Our biggest strength is in our professionalism. Relationships are important...not just with our realtor clients but with their clients as well. Because they are occasionally home when we're doing a shoot, It's important that their clients (homeowners) see us as a beneficial part of their Realtor's team not only in quality photos but in interaction.

    We also offer the first shoot for free so that agents can try out our service and see if they like us. That has definitely helped us make some great new connections.

    That's a long lead-in but my question for Realtors is:

    Aside from great pictures, what is your real estate photographer doing for you that keeps you loyal and coming back? From the (somewhat) brief description that I gave, is there anything specific that you would do differently?

    submitted by /u/mickp13
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    How to tell your broker you are going to switch to another broker?

    Posted: 24 Apr 2021 01:26 AM PDT

    Hello everyone, the subject says it all: any tips on how to tell your broker?

    I was thinking to send an email since in the last 2/3 months I have been in touch with them only via email: any template to suggest?

    Any advice is welcome

    submitted by /u/lucagiani
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    Listing agent ghosted

    Posted: 24 Apr 2021 12:28 AM PDT

    I'm a brand new agent. Don't really intend for this to be my full time gig. But I put in an offer for a house that we want to buy for ourselves. Been 2 days and the offer expired. Listing agent completely refuses to pickup the phone, answer texts, voicemails, emails, etc. The offer has expired at this point.

    We went in under asking by roughly 4% but i got clearance to reduce my commission in half so the offer was close to asking. I know it's a sellers market, but to be completely ghosted like this seems very disrespectful..

    I am with the same big company as the listing agent but in a neighboring township's branch etc.

    Is this normal?

    I would have loved to hear "the sellers are waiting for the open house" which is this coming weekend. Anything along those lines. But I can't get a response for 2 days.

    Is this typical behavior? For the record, this is a home listed for above $850k. Not a tiny investment

    When someone puts in an offer in this range, it deserves a response. Am I wrong? Is this a strategy for listing agents?

    Any advice welcome

    submitted by /u/wtfisthisabout222
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    I do credit repair (licensed and bonded in my state) on the side...I am looking to build more referrals but don't want to harass people. Should I contact local realtors, should I also contact lenders/MLO's?

    Posted: 23 Apr 2021 07:44 PM PDT

    Advertising on MLS & Not On MLS... Allowed? (More in comments)

    Posted: 23 Apr 2021 05:09 PM PDT

    I've got a question from the Reddit realtor brain trust that I'm certain others in here will have some perspective on:

    If an agent is advertising a rental on the MLS and also advertising elsewhere and they decide to rent to a tenant found without an MLS subscriber (ie their client won't have to pay two commissions) is that allowed?

    It's been a bit since I took my license exam but I seem to recall something about once a property hits the MLS it can't also be offered elsewhere for non-Realtors to see because it then allows the listing agent to "discriminate" and go the direction of a cheaper deal for the property owner vs a deal where the owner would owe a second commission to the agent that brought the tenant. Am I imagining that?

    The scenario that brought this up: I brought a willing and able tenant to a MLS-listed rental yesterday. We toured, she loved it, we submitted an app on it this morning after the listing agent confirmed it was still available, and then a few hours later the listing agent called to say they had selected another applicant. When I asked for an explanation one was not provided but I did notice that he "Cancelled" the listing on the MLS instead of "Closing" it meaning I believe he selected a private tenant (is without a realtor to pay) instead of my applicant. I looked in his history and he has "Cancelled" about 15 rentals in the past year so this seems to be his MO.

    Anybody with some thoughts on this? I have never done a rental deal before so this is not my specialty.

    (Before anybody asks, I imagine my applicant was the best option available to the owner... single occupant, 800+ credit score, 7-year-long employed with $500K+ income for a $2,400/month townhome)

    submitted by /u/MadeToOrderName
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    What does Real Estate training consist of?

    Posted: 23 Apr 2021 01:21 PM PDT

    I just passed my real estate exam and am looking to find a broker. I have been reading this subreddit and keep seeing that finding a broker that trains well is #1 priority.

    For the past year I have been an assistant to a mortgage broker who also owns a credit repair business. I am very familiar with lending and credit. I also have performed a residential wholesale deal a couple months prior.

    My question is what does the real estate training consist of? I feel for me I would really just like to shadow an agent on a few deals and have them walk me through my first few deals.

    submitted by /u/dirtimartini69
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    Posting here as well just to get more advice/input!

    Posted: 23 Apr 2021 02:26 PM PDT

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