Realtors: r/Realtors Weekly Common Topics Discussion |
- r/Realtors Weekly Common Topics Discussion
- Referring a problem client out, or tell them to kick bricks?
- [Agent - USA Nationwide] Federal Judge Lifts nationwide eviction ban
- Second business number Sideline app NO MORE
- Prime Street
- Best way to get more leads. Are you guys signed up with a company like Zillow
- Commission Splitting in a Group
- Renewing my license?
- Cold calling FSBO (question)
- Making Room for More Housing: The Los Angeles Accessory Dwelling Boom
- Starting out with a team.
- Listing Presentation
- Speeding ticket but out of state
- Buyer’s agent presenting an offer directly to a seller- can it be done? Why is it done?
- Do you realllllly need a realtor for a new construction/buildable home?
- Objection Handler for “ The market is to hot right now, i wanna wait to sell”
- Currently homeless, VA appraiser undervalued.
- Does landscaping increase the value of a home? I'm putting in a natural limestone retaining wall along my driveway and removing a steep hill. (Ontario Canada)
- The big transition.
- How glamorous is this career?
- Does it matter where I take my classes at?
- Future licensee here
| r/Realtors Weekly Common Topics Discussion Posted: 05 May 2021 05:00 AM PDT Please use this thread to discuss the three most common topics in r/realtors.
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. [link] [comments] |
| Referring a problem client out, or tell them to kick bricks? Posted: 05 May 2021 06:27 AM PDT I had a client (buyer) in January (first one this year) who backed out of a contract 3 days before closing after the seller spent +$10K in repairs because they "have knee pain, and buying a two story house is not a good idea". Keep in mind we went to the house 4 times between various inspections and the initial showing, and not once did they mention this as being an issue. I of course tried to save it, the lender tried, my broker tried, all to no avail. I advised them to seek legal counsel before terminating (all in writing). We terminated, but the termination was never signed or agreed to by the other side, leaving them open to legal recourse. On the advice of my broker, I've advised them that all further communication must be done through email. Today they call me and say they are looking to sell their personal home. My thought is I do NOT want to work with them but is it irresponsible to refer them out given our previous experience or should I tell them to find someone else on their own? What would Reddit do? [link] [comments] |
| [Agent - USA Nationwide] Federal Judge Lifts nationwide eviction ban Posted: 05 May 2021 09:16 AM PDT See article link above. Content below directly from the link: A federal judge has lifted the nationwide eviction ban six weeks before it was set to expire. Judge Dabney L. Friedrich vacated the Centers for Disease Control and Prevention's eviction ban on Wednesday, after a seven-month legal battle between the Alabama Association of Realtors and the United States Department of Health and Human Services. The Alabama Association of Realtors alongside the Georgia Association of Realtors and several other plaintiffs filed the suit in November when the CDC extended the reach of the eviction ban beyond properties receiving federal assistance. After the update, the plaintiffs said a growing share of renters abused the protections provided by the CARES Act and stopped paying rent. Furthermore, the plaintiffs argued the federal government had overstepped its bounds by extending the moratorium to properties outside of its purview — an argument Friedrich agreed with. "It is the role of the political branches, and not the courts, to assess the merits of policy measures designed to combat the spread of disease, even during a global pandemic," the memorandum opinion read. "The question for the Court is a narrow one: Does the Public Health Service Act grant the CDC the legal authority to impose a nationwide eviction moratorium? It does not." "Because the plain language of the Public Health Service Act, 42 U.S.C. § 264(a), unambiguously forecloses the nationwide eviction moratorium, the Court must set aside the CDC Order, consistent with the Administrative Procedure Act and D.C. Circuit precedent," it added. "For the foregoing reasons, the plaintiffs' motion for expedited summary judgment is granted and the Department's motion for summary judgment and partial motion to dismiss are denied." Over the past year, the CDC has extended the moratorium several times as coronavirus infections and deaths spiked in the summer and then again during the holidays. The latest moratorium extension was set to expire on March 31 as outlined in President Trump's $900 billion relief package passed last December; however, the CDC announced on March 29 another extension until June 30. "The COVID-19 pandemic has presented a historic threat to the nation's public health," CDC director Dr. Rochelle Walensky said in a statement to CNBC. "Keeping people in their homes and out of crowded or congregate settings — like homeless shelters — by preventing evictions is a key step in helping to stop the spread of COVID-19." Walensky's announcement was a win for the nation's housing advocates who said allowing the extension to expire in the midst of the vaccine rollout would put millions of Americans in danger of homelessness and contracting the coronavirus. [link] [comments] |
| Second business number Sideline app NO MORE Posted: 05 May 2021 06:55 AM PDT I've recommended the Sideline app here before as a second business number so I wanted to update anyone who cares to know that I have cancelled my service with them and ported the number to a new business phone with my carrier. Turns out my Sideline number started showing up as likely spam which I found out is due to the fact of how Sideline, and other services like it, provide their phone numbers. Once it starts showing up as spam there is nothing you can do. I liked the app before but it is useless once I found that out. [link] [comments] |
| Posted: 05 May 2021 12:27 PM PDT Hello! Has anyone had experience using prime street ? A buyer generating lead system. I had a agent in my office refer a buyer out to me from there but they won't tell me much about the system [link] [comments] |
| Best way to get more leads. Are you guys signed up with a company like Zillow Posted: 05 May 2021 12:23 PM PDT Hi guys! New realtor here from NYC. What is the best way to get more leads? Are you signed up with companies like Zillow that say they will provide more leads? If so, how effective has that been. [link] [comments] |
| Commission Splitting in a Group Posted: 05 May 2021 08:12 AM PDT Hi agents! I was hoping to get some advice on how to split my commission checks within the group I formed under my brokerage moving forward, in order to address tax liabilities. Currently, I only have one person in my group who happens to be my mother. For our prior deals, we've found that sometimes only one of us actually interacts with the client (while the other may be working another transaction) and so putting both of our names on a purchase agreement, for example, wouldn't make the most sense with our client(s). However, we've shared some of those commissions in a royalty-like manner via a personal check. Should we hold a joint bank account under a business entity that we have our commission checks written out to? Should we pay one another as employees of our group? I'm open to ideas and/or what you've seen/done, TYIA... [link] [comments] |
| Posted: 04 May 2021 11:16 PM PDT Hi everyone, I wanted to write this post for some advice. I live in Las Vegas and got my real estate license about 2 years ago. There was so much money involved in paying the fees, I wasn't getting any deals, picked a broker that I did not find helpful at all, and really just became overwhelmed. I ended putting my real estate license on inactive to avoid paying any fees. While this was going on I was bartending on the strip. Honestly, this last year has been a nightmare due to covid. I'm thinking of activating my license again, but worried about picking the wrong broker. Are there brokers out there that really want to help new agents? Or do many of them give the same information and let you fend for yourself. I have friends that became agents, and in a matter of 2 months they were closing deals. My mouth dropped seeing this because I experience how difficult it was. [link] [comments] |
| Posted: 05 May 2021 10:35 AM PDT Does anyone have an approximate Idea how many fsbo calls it takes to land a listing appointment? I've been cold calling buyers, but with how extream the market is, and how annoying it is to get buyers to get pre-approved, it only makes sense to switch focus to sellers in a seller's market. I'm very confident on the phone, and not scared to challenge anyone's objection with facts. I just hate that no matter how much or how urgent I explain the importance of the process and the trends of craziness, they don't listen to me. So many don't listen. It's really annoying. I'm not getting paid with a steady flow of buyer leads, but I want to try sellers. I'll be using mojo dialer by the way. I also called cold geo leads, but most numbers are bad, and don't have the budget for 2 triple line dialers yet. [link] [comments] |
| Making Room for More Housing: The Los Angeles Accessory Dwelling Boom Posted: 05 May 2021 10:31 AM PDT I've participated in several local housing summits and conversations hosted by George Mason University. The speakers are great, it's very academic, but I've been able to obtain a lot of 'real world' info as well. ADU's are a big part of my local area conversation. A lot of support, but also a lot of NIMBY homeowners. I'll attend this webinar and hope to learn more about how they made it work in LA. Thought this might be interesting to others here (hopefully mods will allow/leave this type of link): https://secure.touchnet.com/C20788_ustores/web/product_detail.jsp?PRODUCTID=1819&SINGLESTORE=true [link] [comments] |
| Posted: 05 May 2021 07:51 AM PDT Hello all, new agent here. Just curious what are some pros/cons starting out with a team VS big brokerages. 1-should I expect leads from teams? (ofc with larger splits to team lead) 2-if not what is the point working with any team? Large brokerages for example offers 30/70 split(much less with team) and will have lots of training for new agents. Getting enough support/help is not the issue here right? 3-looking for a stable position, originally a transaction coordinator of sort. But if a team can be similar (providing leads) why not right. Thanks in advance for any insights. [link] [comments] |
| Posted: 04 May 2021 08:48 PM PDT Agents, how does your typical listing presentation go? What structure do you follow? Do you use a PowerPoint slide with marketing materials as well as comps? Recently went full time and partnered up with my sister who was also previously part time and I want to get some feedback on how other experienced or successful agents go about it. From what I've seen and from what I've researched agents do it differently. My current plan is:
Some of this may be out of order but this is the order I came up with. Got some of this from reverseselling.com Any feedback would be greatly appreciated! [link] [comments] |
| Speeding ticket but out of state Posted: 05 May 2021 07:17 AM PDT Just passed my Ohio License test 2 weeks ago, ad got a speeding ticket in Oaklahoma today coming back to Ohio. Is this significant, what should my next steps be? [link] [comments] |
| Buyer’s agent presenting an offer directly to a seller- can it be done? Why is it done? Posted: 04 May 2021 07:18 PM PDT Here's the full situation: I am working with a buyer. We put an offer on a condo 2 weeks ago. The seller counter-offered but it was still a lot higher than my buyers wanted to be (this unit is VERY high priced. I looked at all the past sales data and comps in the past 6 months sold for $45k less than this. My buyers know it's overpriced but they absolutely love it.) We've been looking for them for a while but they haven't found anything they love as much as that condo so they decided to submit another offer. The seller countered but countered with the SAME offer as her previous (which is only $10k less than asking.) I don't blame her for wanting to make the most money and I know she wants to get what she wants to get for it. She bought it last year, gut renovated it and might be over-valuing the work she put into it. But again I don't blame her for that. I have a mentor who has been doing this for 40+ years and he thinks we should ask the seller's agent if we could present the best and final offer directly to the seller. I didn't think you could do this, the sellers agent will probably say no but I wanted to turn to Reddit to see if any of you guys have experience with this?? I know he wants to ensure the offer is being presented as the full picture (because it's very attractive.) My buyers best and final is $5k below her counter..they are qualified..putting over 50% down...ready to move ASAP which lines up with the seller's timeline..no contingencies...no problems! (Another tricky part is the buyers don't fully understand the reasoning for this and texted me their frustrations that they didn't know this was the plan but I explained that every buyer's experience/negotiations are different and unique and given the way these negotiations have been going, my mentor believes it would be most beneficial to present our best and final offer this way. I also told them about the want to present it directly to the seller as soon as the mentor told me. It was all his idea and I found out about it at the same time they did.) (P.S. this is the furthest I've gotten in any transaction. New agent here. I've submitted an offer before for another buyer but it was contingent on her home selling and her home didn't sell so that all fell through. My mentor is good but I like hearing the input of other agents out there) TLDR: the main question is in the subject, this body just gave some background to the reasoning. Thanking you all so much in advance!!! [link] [comments] |
| Do you realllllly need a realtor for a new construction/buildable home? Posted: 04 May 2021 02:11 PM PDT I'm looking at new homes instead of getting into the bidding wars. Wondering if I need a realtor to do that because I don't know if I would have to pay them or not. Instead of the seller. [link] [comments] |
| Objection Handler for “ The market is to hot right now, i wanna wait to sell” Posted: 04 May 2021 07:48 PM PDT |
| Currently homeless, VA appraiser undervalued. Posted: 04 May 2021 12:41 PM PDT First time sellers, We sold our house last month on contingency for a new home. We sold the house quickly but the realtor removed the contingency in the final offer and we didn't catch it. 100 percent my fault. We had a home lined up, paid for inspection and appraisal. Closing set for next Friday, bank said to not worry about appraiser and actually told us to start applying the home insurance. Today our bank called and said that the appraisal came back low, but won't tell us how much. Said the final appraisal will be done in around 10 days, and the VA Appraisers was just letting them know. The seller had a appraisal done last month at 375k, and mortgage company said they've been seeing appraisals low anywhere from 10-80k. We recently lost out on another house because the sellers in our area (Northern Louisiana) are being advised to avoid VA loans like the plague. We are currently staying with my wife's mother in law with a daughter. All of out stuff is currently at the place we were supposed to close on. We don't know what to do. We're completely lost and our realtor basically told us it's not her problem. [link] [comments] |
| Posted: 04 May 2021 06:05 PM PDT |
| Posted: 04 May 2021 02:20 PM PDT Future new agent here. I was recruited by a broker who wants me to start full-time calling leads and clients but I have 2k monthly bills that need to get paid. So should I get a night-shift job and not sleep until I'm compensated from my first close? [link] [comments] |
| Posted: 04 May 2021 06:43 PM PDT You go on YouTube and the realtors there make it seem so cool and easy of just calling and getting a lead and, boom paycheck! I'm guessing there's more than that [link] [comments] |
| Does it matter where I take my classes at? Posted: 04 May 2021 06:37 PM PDT New York resident trying to get my NY real estate license. I'm thinking of registering for the NYREI online classes it's about $495 for the "basic package". Now, this may seem like a dumb question but do brokerages care where you took the course and all? Thanks! [link] [comments] |
| Posted: 04 May 2021 06:10 PM PDT I'm feeling super discouraged to finish my real estate courses after reading some of the threads in this sub. I have been under the impression that I would be making a lot of money within the first couple months of obtaining my license and signing with a broker. $3K/month is my goal for now because that is what covers my monthly expenses. I'm seeing that real estate agents sell 0 homes in their first year and tbh I don't have the patience for that. I'm 25 and if I had started this right out of high school I would have no problem if it was going to take some time. But I'd really like to get the ball rolling and bring in the commission now because I'm at a point in my life where I'm trying to get a home, start a family, get a new car, and start paying back student loans. I guess I just don't understand the reasoning for the lack of sales in the first year. I really was looking forward to making this my full-time job and investing all my time into being successful with it right from the start. I love houses, interior design, and being a sales person because of the interaction with people. This is like the dream job for me. The job that I thought I would be genuinely passionate about and make a good paycheck from at the same time. I'm starting to discover that it may not be as desirable as I thought. I know work isn't supposed to be easy, but I didn't think my expectations were very unrealistic. I'm thinking I'm going to spend more on gas money traveling to meet with clients and showing homes than I will make of an income. If I'm wrong about my preconception please do tell me. Unfortunately it will be $500 down the toilet for these classes but I don't want to waste any more time if it's going to be as challenging to make an income as what I've read says. [link] [comments] |
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