/r/realtors
For discussion about what it means to be a Realtor or Real Estate Agent.
Industry-specific news, ideas, questions, stories and anything related to the business of selling real estate.
The term REALTOR™ is a registered trademark of the National Association of Realtors. This subreddit is not affiliated with the National Association of Realtors (NAR) but many of the subscribers are members of NAR. We are a professional forum and professionals should adhere to the NAR Code of Ethics.
For discussion about what it means to be a Realtor.
Industry specific news, ideas, questions, stories and anything related to the job.
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Any advice on how to get clients? I work in Ontario so there is some restriction on targeting expired listings and FSBOs
My friend Jenny, in her 50's, recently lost her mom, Rose. Rose was the full-time caregiver for Jenny's dad, Ed, who suffers from dementia.
Ed and Rose were retired, in their 70's, when they bought a house in Ohio, near where I live, last spring for $175k. Rose passed away suddenly about a month ago while Ed was in rehab care for some physical difficulties that he needed physically therapy for after surgery.
Jenny lives in Kansas and has been traveling back and forth to try to handle her mom's affairs, visiting, and making sure her dad is being cared for.
A decision hasn't been made, but it seems inevitable that Ed will have to go into a long-term care facility for his own health and safety. Ed & Rose did not have any substantial assets other than the house which was owned free and clear by them.
The house means nothing to Jenny and Ed rarely even acknowledges that it is his home. So she is preparing to sell it.
A friend of the family, Tom, is a realtor and has offered his assistance, even if Jenny chooses to sell FSBO. Which is where I come in. I haven't actually been in the market, but she seems willing to accept the same $175k that they "have into in" (her words) even though Tom thinks it would appraise for at least $195k. I do have to decide and come up with financing pretty soon though because if I decide I'm not interested, they want to (MLS) list it.
My question is, if anyone can answer based on the information I've provided, am I helping, hurting, or neither, my friend by taking advantage of the situation? I hope I'm helping to avoid a hassle of what sellers go through and will do whatever I can to make it easier for my friend.
But if Ed has to go into Medicaid for his LTC, would the proceeds from the sale of the house benefit him at all? Or would they pretty much be going straight to Medicaid for "recovery" or whatever they call it?
I think this really might be a good opportunity for me, and a favor from my friend, and I just want to make sure she and her dad get any benefit possible that I can provide from the situation.
Any advice?
For those that don’t work for a company that provides signs, where do you order yours?
I have an interested buyer and interested seller. Do I get another agent to represent buyer and I represent seller? How would commission work because the work is already done, I just need someone to draft an offer.
Thanks
It seems things have really slowed down.
In Washington state, how long does the listing agent have to update MLS from “pending” to “sold”? We closed 12 days ago, yet my property (new-build (if it matters)) still shows pending, and as a result we have people stopping by asking if the sale fell through.
My friends and I (3 aspiring realtors) are planning to team up after getting our licenses. We're interested in structuring ourselves with:
Equal share of income and expenses: Everyone contributes and benefits equally. Split responsibilities based on strengths: We each focus on areas where we excel. Unified branding: We present ourselves as a cohesive team to clients.
Curious if anyone has experience with a team like this - we haven't found much online, your inputs are appreciated. (We are in Ontario, Canada)
I'm seeing some mixed reviews (actually a lot of bad ones on this sub) and am trying to weigh options but I don't want to sit through a zoom pitch with their sales people, how much is a luxury presence site and what are the monthly charges?
For or against this being at the end of a PA? Today was the 2nd time I’ve been burned by an agent writing a solid offer, having my seller sign, then get ghosted for a day only to find out the buyer agents client is no longer interested. This time luckily there were no other agents with offers that I told we accepted another offer. Still a big waste of time for buyers agent. Myself. And seller. Not a fan of this clause being in a PA as it gives a buyer an easy out. If you want the house. Write an offer. If you don’t, don’t. Easy right?
Been doing house hunting lately and this is something I’ve noticed, no one includes pictures of the inside of the garage online, you might see a picture of it closed from the outside but never the inside, it’s just something I’ve noticed and I wondered if there was a reason.
I am a brand new real estate agent joined a real estate broker just recently. My husband and I decided to sell our home. my managing broker offered to sell our house for us and give me 30% of the commission because I am brand new and don’t have the experience to sell it myself. Is this a good deal? Should I ask for more or is he being generous?
Hello everyone, I am a little over a year in and have grossed around ~$80k. I am having trouble figuring out how to set up my finances to the best advantage. What accounting software is robust enough (and cheap), how do I develop habits around mileage tracking, expenses (how do I learn what I can and can't expense?), and separating personal and business money (what bank accounts, can I keep business money in, I'd hate to have it earning 0% interest, are there investment accounts/money markets I can use?).
I have a chase business card that I'm using already and tried to set up quickbooks with checking accounts but
Are there any courses, books, or services (ideally less expensive ones) you would recommend to make sure I am taking advantage of every write off?
Really appreciate any advice and wisdom!
I’m part of a big box brokerage and have been here for just over a year. When I joined, there was a widespread internal company policy that all of our listings must offer a minimum of 2.7% payout to a buyer broker/agent. When the lawsuit settlement was announced, the people in charge of our brokerage sent out a mass email to everyone stating that effective immediately, the buyer broker commission can be any amount the seller chooses, even if it’s 0%.
A few weeks later, there was this big shot realtor who called out a different realtor by name in our private brokerage FB group saying that they can’t believe that that realtor is “only offering a 2% payout” on their listing. The realtor being attacked had a wonderful response though, so that was good.
Your thoughts? Personally for me, I still always advise sellers to give a reasonable compensation to a cooperating agent and give them the reasons why, and I personally think 2% is fine and had no problem with realtors offering said amount.
As a buyer, aside from offering list price or higher, and a fast hassle free close, what else can they offer the seller that would really entice them to say yep, this is the one? As a seller, what would truely entice the buyers, aside from the home being what they want?
I’m just starting my business! My question is, if you were starting over, what are 1-2 advertising decisions/purchases you made that you WOULD absolutely make again?
Usually pretty good with buyers and sellers gifts for closing but this one has me stumped. Got a duty call a few months back for a letter of opinion for an estate as the owner passed. Their sister is the executor and I haven’t got to know her as well as I usually do with other clients, felt more transactional I guess. House will be closing soon around 380k and I’m wondering what you guys usually get in this situation?
Greetings, what are some of the best listing presentations and do they really make a difference? Ricky Carruth mentioned that he only has a folder and a piece of paper when he goes to an appointment. Others go with pre-listing packages and then elaborate listing presentations. What works best for you if you don’t mind sharing? I have closed a few listings but mostly friends and family so want to branch out.
Hi guys, just wanted to see if anyone here had some experience with this, I had a client that was looking at new builds in a dr hortons community, I showed him the properties and he told me he wanted a model that was out of his qualification range, so he asked his dad to help him qualify and long story short the dad gave me a big ol fuck you and told his son he’d only help him if they used the dads agent. We didn’t sign any contracts but I was there to register him, me being competitive I made a pitch to the buyer but it seems like the dad is the one that has the final say unfortunately. Anyways my question was this, will they allow him to use another realtor despite the fact that I was the one there at first contact or will the new builds leave me as the agent?
I guess you can add this to a website you are making and showcase all the homes in the area (I personally have not done this, just read about it). Question is - why is this free? What does Zillow get out of it? Aren't they potentially creating competition for themselves?
I have noticed a number of listings lately that show "active" on the MLS but show "off market" on Zillow. Anybody know what's up with that?
Anyone know of some places where I can post content on my blog and social media? I tried Keeping Current Matters, but it didn't get much traction.
I’m on the MLS, looking for a standard commercial lease form (been using one several years old) and I can’t find the darn thing.
Zipform plus goes to a CAR page saying it’s discontinued? It shows access to SkySlope, but that needs an account, Glide and disclosures.io
I’ve spent far too long going in a maze looking for a basic form.
Anyone figure this out?
Hi everyone,
I was wondering if anyone else felt like I do right now.
Been a very active realtor since 2009.
I find myself tired of the predictable cycle each listing/sale has. It goes something like this:
Prep for the listing pitch, sellers think it's worth x, I say it's worth y. We go back and forth. Sometimes they listen, sometimes they don't. I list it. I show it. At first the sellers are happy with showings. If I get a good offer quickly they often think they can get more. If I don't get an offer quickly they try finding a million reasons why it's not selling, except the obvious. Price. If it sits I show them what actually sells. They find 1001 reasons as to how their house doesn't compare. Then it sells. Then the contingencies kick in. Then buyers consult their entire families and their neighbors who all tell them they paid too much and are somehow experts. Then inspection comes and the buyers get scared, while the sellers say it's nothing and downplay everything. Then if it's a condo people always think there's not enough money in the contingency fund. Alternatively on the flipside If the condo has higher condo fees the buyers bitch about that. It's basic math. Then you wait on the financing. If they take a deadbeat lender then it's a teeth pulling process. Then it's officially sold. Then comes closing. Rinse and repeat.
I know the cycle won't ever change. But, I also know this is what I'm meant to do in life.
Does anyone else feel like this? What do you do about it?
I want to make a connection with my neighbors and our neighborhood isn’t that community-oriented, so it’s been hard.
I’m thinking about dropping off small potted herbs to my block with a handwritten note inviting them to coffee along with my business card. I KNOW I should knock and actually try to talk to them in person. Am I shooting myself in the foot just dropping them off? I just don’t know what to say when they answer the door.
I would probably be more comfortable just saying a short “Hi, I’m your neighbor and wanted to introduce myself!”
Anyone else done something similar and have advice? Or how did it go/was it worth it? I’m thinking about doing this about every 6 months - once in the summer and once around Christmas with some baked goods or something so it wouldn’t be a one time thing.
I am a transaction coordinator for several NC agents. I have done over 700 transactions and never had any agents use this form until now. I now have one agent who is adamant that this form is REQUIRED for all transactions, and if a buyer agent does not provide one, they are due zero commission. I am just trying to figure out if I need to let my other agents know that they need to be using this form or only in specific situations?
Im curious how other agents are going to adjust how they go about their business with the settlement. Are you guys worried? Are you gonna try anything new? What is your plan? Does it keep you up at all? Im trying to understand if I need to change my approach or if I am alone in thinking about this...
Just curious what the norm is. If you have a landlord client and you're listing the home for rent for them, do you take care of applying for rental license and inspection (if applicable) and all of that for them?
Or do you tell them to get the rental license ready before you list/rent out
Okay so I have been an agent for 3 years and in all honesty I am kind of over it lol. I have not been doing bad but not amazing either. But I feel like I am always "starting" and hunting for clients. I did the pay for leads thing which is horrible i hate cold calling. What is th best way you all find clients organically. Before anyone says to work you sphere , honestly i have no friends lol i hate to admit it but i do not and I am okay with that, i just want to do better and this internet lead thing is always leading to a dead end.
Hello, does anyone here use MOJO dialer? If so, what did you pay a month? Did you like it? Anyone using any other options that may be more cost effective?
Thank you!