/r/realtors

Photograph via snooOG

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.
Please post in /r/realestate for general discussion about real estate.

/r/RealEstate
/r/CommercialRealEstate
/r/RealEstatePhotography
/r/RealEstateForSale
r/RealEstateExam
r/Sales
r/Marketing
r/Business
/r/Mortgages
/r/PropertyManagement
/r/Landlord
/r/TenantRep
/r/Architecture


NEW Discord Server https://discord.gg/wpXRRpXW


SUBREDDIT RULES > READ BEFORE POSTING

  1. Posts and links to articles should foster relevant discussion, or involve some sort of relevant question.
  • If your post would be more relevant to general real estate please post to /r/RealEstate.
  • If you are a new Realtor or looking to start a real estate sales business and have questions, please try and search the subreddit for your questions before posting or start with our "New Agent Megathread" here.
  • NO bullying, hate speech, racism/sexism/discrimination, abusive language, or Realtor Bashing.
    • Absolutely no racism, sexism, or any other type of discrimination talk of any kind about any group. => Immediate permanent ban without warning.
    • No bullying and abusive language includes insulting, mocking or just being plain rude to other redditors. => Grounds for a permanent or temporary ban with a minimum of one warning.
      -- Yes, some people ask seemingly dumb questions sometimes, but that's no reason to be mean.
    • No bashing Realtors specifically or the Realtor profession in general. => Immediate permanent ban without warning.
      -- Sure, there are some bad practitioners out there just like every other profession, this is not the place for you to take out your rage and include all of them in your bias.
  • Post your real estate listing for sale at /r/RealEstateForSale.
  • Do not make any conversation that would violate federal antitrust laws. This includes discussions about commissions you are charging or broker splits. All commissions and splits are negotiable between the parties.
  • Links to websites with paywalls are not permitted.
  • It is not acceptable, by any means, to link or post promotion of a brand, business, product, service, brokerage, Realtor, or listing. This includes blog spam or links for SEO.
    • There is NO place for your product on this subreddit.
    • Don't post "we buy homes" or other offers to buy real estate.
    • Don't give free accounts, ask to test, or ask for opinions on your new software or service.
    • Don't ask our subscribers to take a survey or for ideas/feedback for new products.
    • No soliciting for referrals or recruiting. It's ok to post a referral you have.
    • Linking to a business in the comments is acceptable provided you are not promoting your self or business.
    • Learn why we don't allow you to sell your wares here.
  • Adhere to the NAR's Code of Ethics - Members of NAR posting and commenting here should not violate or give advice that would violate the code of ethics. If you are not a NAR member and give advice in relation to ethical concerns, please refer to the code of ethics and let the public know of your non-membership. Any content disparaging NAR will be removed.
    • If you are unsure if your post will violate these rules, discuss with the moderators before posting.
    • Understand Reddiquette before posting.
    • Spam will be removed.
    • If you see spam, report it.

    We are not affiliated with the National Association of Realtors and "Realtor" is a registered trademark.

    /r/realtors

    107,464 Subscribers

    2

    Home Warranty

    Offer has been accepted. Sellers have agreed to pay for home warranty of BUYERS choice. Question, how does this work? Does buyer pay and provide receipt to sellers realtor? Does buyer select and forward plan to sellers realtor? To title company? What is the usual process for this? Please help.

    Thank you.

    4 Comments
    2024/04/27
    14:26 UTC

    1

    Salesperson accepting commission directly from client & bypassing brokerage - what is the recourse?

    Hi, we have found evidence of this occurring on two occasions and suspect there is more to be found. We are located in New York. This was discovered last night so we have not been able to contact any attorneys but would like to know what our legal options are as well as what to do with our local and state boards. Aside from firing them of course.

    The leads were leads the company provided and were marked as lost but they were paid discounted fees by the clients.

    Anyone with experience in this matter who can share advice would be greatly appreciated.

    1 Comment
    2024/04/27
    13:46 UTC

    3

    Am i tenacious or a fool?

    Feeling a little bit lost right now. I was licensed a little under a year and a half ago in Richmond British Columbia, some of that i worked full time and other part time. It seems the from the getgo it was going to be a slow build. Full disclosure: i haven’t made any sales. I have people I am working on but have been for a while, i check in periodically, and I know I’ll be there when it comes time for them to buy, i have 3 referrals in the works for other cities.

    In May last year I joined a team, the split was very high but I figured I was making 0 so if I was getting leads and support it didn’t matter if I was losing 65% of the commission. However the support was lacking. There were red flags. Flakiness. The agent was a top agent at our firm and often lacked the time for me. He was hard to reach for meetings and kept promising things he wouldn’t deliver on in terms of trainings. It felt like I had been fed false promises of stability and wasted more time. I did most of his open houses, and while he closed 5 sales with my help, i made 0$. I posted on here and was told to leave the team, i decided to stick it out thinking if i could just get some shadowing experience, i would be sooner ready to go solo. However that experience never came. It felt like he was keeping his cards to close to his chest for me to learn from them, like his business was a one man show but that he liked the idea of having a team

    Then earlier this year he finally decided to start training, on cold calling and asking for appointments. By this point I hoped to get some shadowing in but he insisted that I didn’t need to see how he did things to learn for myself. By that time however I was struggling financially i had started to look for salary employment. I finally found something very good. I told him about it and he encouraged me not to take the offer saying I could do better by remaining a fulltime agent. But I frankly was in no place to refuse.

    After I took the he admitted to me that he didn’t think I should remain on the team. I acquiesced, having had these thoughts within months of joining but remaining on despite my gut feeling.

    At this stage my instinct is to search for a new team i align better with, having worked with a team now I know what to look for in terms of dynamic and support. However there is a doubt at the back of my mind that I am being a fool, or making excuses for my lack of success which ultimately falls back on me. There is a fire in me to finish what I started and become the successful agent I envisioned myself being but also wonder if I’m lying to myself. I am Also embarrassed of admitting that I’m a year and a half in with no sales and am scared this speaks to my commitment level. Meanwhile, i wonder if with the right infrastructure and dynamic I would’ve given myself a better chance to succeed?

    Most agents with my track record in sales have quit. But I have stuck around, getting salary jobs along the way to support myself. While friends have saved for and gone on vacations, i haven’t gone on any since I began this journey 3 years ago. Isn’t want this to have all been in vain, but am i just being a stubborn fool?

    Is it even viable to look for a new team with my track record? And if I decided to go solo, how would I ensure I have the right support?

    Would love to hear your thoughts

    3 Comments
    2024/04/27
    12:58 UTC

    1

    Am I in the process of being rental scammed?

    I'm looking to rent a place for short-term (2 months) and I found a place I liked and fit my budget. The place isn't cheap (actually quite expensive), but for a last-minute selection, it isn't too bad for what's left on the market.

    I spoke to the realtor agent that's probably managing the property's rental business. They gave me the address and the doorlock code to get inside the vacant house to check it out in person. I went and saw the place in person already. The place is real. But for some reason I'm still not 100% confident. Maybe the whole place being virtual and not having met either the landlord or the agent in person is throwing me off. Maybe I'm being needlessly paranoid.

    They asked for a copy of my ID and my company document (since I'm renting this for business use), which I supplied (sent them a picture of my driver's license and my company's business license). They didn't perform a background or credit check. I also asked for a picture of their ID and their company's document. They sent me a picture of their driver's license and sent me a link to their company's website. They also supplied me with a picture of their business card.

    We spent an hour together (virtually) modifying a pre-scripted lease agreement so that it is agreeable for both parties. They were pretty reasonable and accepted most of my reasonable requests for change.

    Everything looks good so far but the entire process has been virtual and I'm not used to signing leases this way. I've not met the landlord or the agent in person. They expect me to pay the deposit and 1st month's rent through a rental management portal. They had me signup for the website called managebuilding.com which in the bottom left corner says "Powered by Buildium" which I heard is a legit rental management website.

    The link to the resident portal for me is mpm-365.managebuilding.com/Resident/portal/

    I typed buildium in google, went to its website by clicking a link from the search results, which took me to www.buildium.com/

    From buildium.com homepage, I clicked sign-in and it took me to signin.managebuilding.com/manager/public/authentication/login. From there, I tried to sign-in using the login information I created earlier on the mpm-365.managebuilding.com website. I couldn't log in. I tried to reset password and it said my email address didn't exist.

    I'm confused. Am I in the process of being scammed right now?

    I know they sent me a picture of their ID and Business Card, but maybe they are fake or obtained from the real owner through illegal means.

    Any advice please? How do I know for sure if this is legit?

    6 Comments
    2024/04/27
    04:23 UTC

    10

    Went door knocking for the first time

    I went door knocking for the first time today. Got 3 contacts( did it for 2 hours). Honestly hated it, I felt like an intruder… I really don’t have many other ways to generate leads so I have to continue doing it… I felt so icky after doing it though….

    Does anyone have any other ways to generate lead (except for paid lead generators)?

    30 Comments
    2024/04/27
    02:35 UTC

    2

    Has anyone taken the course at Institute of luxury home marketing? Thoughts? I am debating on taking the course but it's hard to see what they actually teach you in the 8 hours.

    7 Comments
    2024/04/26
    21:27 UTC

    5

    How do you handle collecting security deposits and 1st month's rent?

    I'm seeking some insight on common practices when working with rentals since I haven't found much consensus, and I'm kind of new to this.

    What's your typical process for handling security deposits and the first month's rent? Are you responsible for collecting the funds and sending them to your landlord client? Is the brokerage facilitating any of this? When and how do you receive your commission split (and who do you typically receive it from)?

    I appreciate learning from you all.

    5 Comments
    2024/04/26
    21:23 UTC

    1

    My first commercial

    Just put UAG for $1.9M. Total 6% commission, i’m getting 4% of it (negotiated w buyer agent).

    90 day escrow unfortunately but its gonna be a nice summer.

    12 Comments
    2024/04/26
    21:15 UTC

    2

    Gift for real estate agent?

    I’m not sure if this is the best place for this post & apologize in advance if it’s not!

    My husband and I are about sell our home with an agent we know from church. She has been absolutely amazing and exceeded every expectation we had. She even finished painting a room in our home before we listed it (we had a death in the family & unexpectedly had to leave town). She’s only taking a 0.5% commission and won’t hear any of our objections to that. We would really like to do something for her to show our appreciation. Is it uncommon to give your agent a gift? Are there any good ideas for what to get her?

    While we do know her personally, we’re not very close. I know her husband recently passed away, her son is about to get married, and she volunteers at our church nursery & loves our kids. But I’m kind of at a loss with what a good idea for a gift would be. Thanks!

    8 Comments
    2024/04/26
    19:47 UTC

    1

    Referral Question // USA > S. Africa

    Good evening,

    I'm a Realtor in the USA and have a client who is looking to sell their property in South Africa. Has anyone done something similar and received a referral fee? I've tried reaching out to Sotheby's South Africa but haven't heard back. Just wondering if anyone has any experience with a similar situation.

    Thank you!

    2 Comments
    2024/04/26
    19:10 UTC

    1

    Has anyone worked with Navy Federal's RealtyPlus program?

    How much of the commission do they take for the referral?

    2 Comments
    2024/04/26
    18:58 UTC

    116

    I JUST CLOSED MY 1ST TRANSACTION / LISTING 🥳🥹

    Totally over the moon right now and on a high from closing on my first transaction which happened to be a listing. I’m only 4 months in, and I feel so incredibly blessed.

    You all were not lying when you said you just jump right in 🤣 while my BIC has been a huge help, I honestly couldn’t have made it through without this group! So thanks to those who have contributed and given tips to new agents like myself.

    Here’s to an amazing year ahead for all of us! 🙏🏽

    40 Comments
    2024/04/26
    18:37 UTC

    2

    Mailers

    For those who have experience in seeing "just about everything", and are on the analytical side; what statistics have you noticed in the people who not only respond but are considering or willing to sell? For further clarification, -is someone more likely to after living there for 20+ years? or only a few years? -someone with a decent sized unpaid balance? or if they no longer owe on their mortgage?

    • families or 1-2 people (couple)

    etc. I've certainly Not listed all things but you get where I'm going with this... Or does any of that not actually matter and it's all by chance? Much appreciated-

    6 Comments
    2024/04/26
    18:31 UTC

    46

    Zillow gotten way worse lately?

    For background I’ve been licensed and full time for a little over 10 years and done about 300 deals. Zillow has been pretty solid for me.

    BUT

    Lately (last year or so) it seems 51% of my very expensive leads say they already have an agent. It’s like they don’t even screen the leads at all anymore. “Are you working with an agent?” would take them 5 seconds and double the value it brings to me. Furthermore, on their site, it seems to be less and less about the agents.

    68 Comments
    2024/04/26
    15:50 UTC

    16

    How do you deal with renters dropping you for a management company after showing them a lot of rentals?

    I have been feeling so beat down these last 6 months. I have had several clients just drop me after having shown them so many rentals. I put so much time and effort into working with renters and 99% of the time it doesn't pan out. I am exhausted and feeling so rejected and screwed over. Do you guys have any tips to work with property management firms that don't offer brokerage compensation? These firms always end up having the best apartments which is a shame for us who are just trying to make a living.

    32 Comments
    2024/04/26
    02:46 UTC

    2

    How is the market in The Celtral Valley California ?

    I'm planning to move to the Fresno area, and my best friend is a broker and is recruiting me to work with him as a realtor. I have experience in sales and I don't mind pure commissions. How slow is the market now?

    2 Comments
    2024/04/25
    21:38 UTC

    4

    CMA adjustments

    For an inexperienced agent what is the best way to know how much to add or subtract from your comps? For example, my subject property does not have a pool, my comps do have a pool. Is there a guideline somewhere which would tell me how much to subtract for the pool?

    8 Comments
    2024/04/25
    21:27 UTC

    72

    Am I required to pay a real estate agent for referring us to an apartment complex?

    While we were losing our home and looking for an apartment my wife started talking to a realtor from her home country in the area we were moving to in Ohio and the realtor told us about an apartment available there and booked a tour. We didn't get any kind of special deal with the apartment from the realtor and she didn't do any negotiating with them. And we didn't sign any paperwork with the realtor, only the apartment complex. Afterward, she told me, "Since the fiest month of rent is free here, you can afford to pay me my fee which is equal to the first month of rent"

    Now, I didn't sign any contract with her or know about this before hand. After losing my job and my house (due to recent deaths in my family) and a baby on the way (who was just born recently), I was excited to have the first month free there (which is the normal special for everyone in the complex, it had nothing to do with her). Then suddenly I was being told I would have to pay more which I could really afford after the cost of moving. It's been a month and she recently sent me documents to sign to establish a relationship with her and her agency. I have not signed it or anything with her. Am I required to pay this? I don't feel like someone telling me about a publicly listed apartment complex justifies paying them $1300. We weren't even looking for a realtor. My wife met her through a local group chat for her people from her community. At first she was just acting like she was trying to be friendly to my wife and help her get to know the area and connect with people.

    77 Comments
    2024/04/25
    18:45 UTC

    6

    Realtor asking for proof of title transfer, is it okay to send?

    Hi all I recently purchased a rental property. Our realtor has found some tenants in a business practice for a deal. Right now he needs the title transfer docs to send to him. Is this just a common step and okay to go through? Are there any particular docs I shouldn't send or would be a red flag if he asks for? Thanks

    12 Comments
    2024/04/25
    17:58 UTC

    5

    Is it inappropriate to suggest while joining a brokerage that I would like to use my own CRM?

    For a new agent is it inappropriate to suggest while joining a brokerage that I would like to use my own CRM?

    Do brokerages prefer to have the agents on their team use their own CRM? Do all the contacts/calls/messages/emails made using the brokerage provided CRM become a property of the brokerage and you have to involve that brokerage in future once you have moved on to another brokerage in future? Even if nothing materialized with those contacts while one was with the brokerage?

    33 Comments
    2024/04/25
    16:20 UTC

    5

    listing appointment

    Hi! Just curious how often do you all set listing appointments, but get ghosted day of?

    8 Comments
    2024/04/25
    16:12 UTC

    4

    Open house report

    I am hosting an open house for an agent that I am not affiliated with. I’d like to provide info to the listing agent after the open house. If you were the listing agent is there anything you would want to know? I was thinking count of how many came and any commentary. Anything else would be helpful to know?

    9 Comments
    2024/04/25
    15:22 UTC

    1

    Contingent house sale advice

    We’re in the process of buying a home that is contingent on the sale of our old home. All parties have signed contracts and our contingency letter has been completed for the house we’re buying. We are just waiting for the clear to close. The problem is with the house we’re selling. The buyers have been dragging their feet recently, they still haven’t submitted their contingency letter even though all appraisal/inspections have been carried out and approved. The buyers signed the sale contract in mid March and we were supposed to close beginning of May on both properties. I’m getting worried that they may be getting cold feet. I’m aware that if they pull out now we will be able to keep their deposit, but would we also lose our deposit for the new house as we couldn’t buy it anymore? How would that situation be handled? Thanks!

    7 Comments
    2024/04/25
    13:40 UTC

    11

    A Question for Realtors

    Hi Realtors! I am a realtor and am having trouble getting verified on Google My Business. Did anyone else have the same issue and was able to fix it?

    15 Comments
    2024/04/25
    11:35 UTC

    1

    How do you screen for scammers if the docs are not obviously fake

    I have an agent with a recent listing and a guy emails saying he's from HK and wants to buy it cash. Okay, I ask for ID and proof of funds. He sends a Chinese passport and bank account. Honestly, to me it looks like a 'good fake' so it's not obviously fake but I can't say for sure if it's real or not. I still feel like it's likely a scammer and the scammer's angle hasn't come out yet but don't want to turn down a potential real customer. I think it's just exceedingly rare that someone just makes an offer without requesting even a facetime tour or anything but that is the opening email and purely off pictures from a remote location. I told the agent to ask him to video chat to verify the ID and a scammer would not want to do that most likely and also that if it is a scammer things will get weird soon and then we'll know for sure. I Just don't want to present the sellers a fake offer and/or put it under contract if it's avoidable but also don't want to upset a potential real customer if it is in fact legit. How do you screen for potential scammers?

    13 Comments
    2024/04/25
    09:08 UTC

    2

    How do you organize your phone numbers.

    I have several phone numbers and I'm not 100% sure how to organize them**. Let me know how you go about it.

    1 cell phone (on my mobile device - friends and family have this number).

    1 for marketing (in a CRM - this number is forward facing and I plan on using this as my primary communication with clients)

    2 for cold calling (1 in google voice, 1 in CRM - in case they get flagged. These can change)

    1 random office line (in CRM - it just exists in the CR. I don't give this out or make calls from it)

    I'm new to all this. Let me know if this makes sense to anyone.

    10 Comments
    2024/04/25
    07:21 UTC

    0

    Where can I find someone or a company to run my CRM and MailChimp?

    I need somebody to work like five hours a week that’s good at creating content and campaigns on mail chip with all the automations and then also taking care of things on follow up boss. Is there a company you can hire for this since it won’t require too many work hours? Just trying to figure out my best option to delegate this task. Thanks for any advice my friends.

    7 Comments
    2024/04/25
    06:57 UTC

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