Our realtor made a mistake that cost us the house that we wanted to buy (see previous question), and then cashed our earnest money check after he assured us that it would not be cashed until we closed on a house!
I’m feeling very distrustful, any good realtors here from Boise, ID? I’m tired of being scr*wed over!
It sounds as though you dealt with an inexperienced or unethical realtor. NOT ALL REALTORS ARE THIS WAY! I do know that if an offer is accepted by both parties, then the earnest money check MUST be deposited until the transaction is closed, or until both parties agree to release the money. A realty company cannot hold a check (uncashed) until closing.
Try talking to the broker in charge of the company that the realtor works/worked for. The Broker in Charge is responsible for all real estate activity in that office. Also, if you have a legitimate grievance, which it sounds like you do, you should contact the BIC to let them know you are probably going to talk to the state’s Real Estate Commission & LLR regarding the matter.
Then, I’d definitely suggest interviewing a new realtor. Try picking a realtor who has been in the business for a couple of years. Explain to them what happened to you (you don’t have to name company names, etc), and what you expect from them up front. Be honest, and stick with a reliable, seasoned agent.
I hope this helps!
i just recently started a new job. I am now a loan officer for a mortgage company. I’ve never done this line of work before. My boss told me that I need to build a relationship with all the realtors in my area. When I go to their office to introduce myself I’m not really sure of what to say to them. I want them to send their clients to me so I can’t sell them mortgages but I don’t know what to offer the realtors to make them want to send their clients to me. Most importantly what the heck do I say when i walk into the office for the first time and hand them my business card… please help me.
"Hello, Mr. So and So,
I’m Jane Dough, and I’m a mortgage loan officer. I’d like to speak with you for a few minutes, if I may."
Then outline why their customers would want to choose your company, and you, to process their mortgages. It’s a sales pitch that you’d use to a reluctant customer, convincing them to use your company. Show the advantages your company offers over others (but it isn’t wise to actually name names).
You’ll do fine.
absolutely yes,, one office might have the original listing, but another office might have the buyer.. so they share commission..
Everyone has heard this…
"Earn license in just 2 months!!!"
I have learned that anything worth having takes a lot of work and that doesn’t seem like a lot compared to taking the college courses which could be over a year in some cases. So are these schools legit? What is the difference between traditional colleges that take longer and the "fast" way?
If possible, what would be best for me? I barely graduated high school, have done some college, support myself, with a great but full time job. Now I feel it’s time to get into being an entrepreneur and I want to work fast (I want to start very young). Money is no object, I will figure out a way to make it work if it is a good investment in the long run…
Well, if you are looking to being an entrepreneur getting a real estate license is not the way. It is really easy to get the license, but you have to work for a broker, you just don’t go out on your own and start selling houses.
The schools are mostly legit, they prepare you for the test. In CA you only have to get 60% of the answers right to pass. You can pass by simply guessing.
If you are serious about being an entrepreneur you should think about getting a regular 4 year degree in business. You can’t learn the skills you will need to start and run your own business in a 1 year class.
What should I do in this situation?
I am a first time renter and going to college. Today I got home at 12:00. at 12:24 there was a knock on the door, so I answered. It was a man from the something of clerks. He asked if I owned the property and I said no. He told me the property was going to be foreclosed on. I asked him when? he said it will take a few months to a year. I asked him if my realty agent knew, he said they should know about it.
I called the realty agent and told her, she said "oh everything is fine, he (the owner) has been in forecloser before, dont worry everything will be fine, he is working it out now."
I was concerned because why did she not tell me about it if she knew about it?
I just have one question.
I should keep paying my rent till the lease is up right? (it will be up in jully 2009).
This happened to my niece also and they did come and tell you she had to leave and the landlord knew. For some reason if i were you i’d try and find another place or someday they’ll come and say you have only so much time to move out. I think this is a terrible thing to happen to anyone and especially when the landlord knows. Good luck.
Mother put in childrens names. She died 2005 house was in childrens names in 1989. Should it be done as a sale of realestate or would it be considered an inheritance? The house was sold for 30,000.00 less than the appraised value.
Was sold for 100,000.00 leaving approx 30,000.00 to each child. I do taxes for people who cannot afford to have their taxes done by the bigger companies. I have only about 50 that I take care of each year. I have never run across this situation before. I need your help!!!!
If the house was already in the children’s names, then there was no inheritance. Therefore it would be considered a sale of real estate. I believe the basis of the house would have been the basis on the date of the transfer, not the appraised value. Don’t forget to add the cost of any improvements to the original basis.
For more information go to the IRS website and download Publication 523 – Selling Your Home. If that doesn’t help, call the IRS directly.
A day in the life of a Calgary Realtor
http://www.billwhite.ca
Duration : 0:3:23
Read the rest of this entry »
Petition:
We feel that REALTOR.com has not been responsive to the needs of REALTORS and that the current relationship between NAR and Move,Inc. (as currently constituted) is not in our interest as REALTORS for the following reasons:
1) Move, Inc. has a long standing pattern of raising fees on REALTORS and charging them exhorbitant fees in comparison with the costs of developing a national real estate listings site. Fees (which yet again are expected to be raised in 2009) are out of line with what other national listing aggregator websites cost their shareholders. Why should we be paying many multiples of what companies like Trulia and Zillow are costing THEIR shareholders for aggregating real estate listings on their sites?
2)After being provided ALL of our listings and photos, they have stripped off all but four, unless REALTORS pay them an annual “enhancement” fee. This effectively takes our clients and holds them hostage until we pay their “fee”. Much of this fee goes right back into “Sales expenses” which are Move,Inc.’s marketing to REALTORS that they MUST have their service. This adds HUGE costs to what is needed for a national website and is NOT acceptable.
3) In a world where many websites offer REALTORS social networking opportunities to connect REALTORS to potential clients, REALTOR.com has been sorely lacking in developing these types of programs.
4) The 2007 10K (released Feb 28, 2008) from Move, Inc. shows STAGGERING General and Administrative Expenses of over Million and Sales expenses of over 8 Million..these expenses are RIDICULOUS given their online properties and a development expense of Million. While we realize that this includes Top Producer and other assets of Move, Inc., that actually makes the ratio of development / Sales, General and Administrative Expense even MORE out of line. We are tired of having NAR tell US to pay for THEIR inefficiency.
We are not against paying for what WE receive. If you want to charge us for “enhancing OUR contact information” then fine. But don’t hold our CLIENTS and CUSTOMERS hostage. That is unconscionable. Many of them don’t know what you are doing to us and if they did, they would find it incredibly offensive.
More importantly, because the National Association of Realtors leased the rights to our web presence to third parties, they put themselves in the position of defending REALTOR.com’s inefficiencies and deficiencies to the general membership for their own financial gain.
We call on NAR to take steps to BUY BACK Realtor.com from Move, Inc. or to buy a controlling interest in Move, Inc. to provide a national listings site for REALTORS at a price that is REASONABLE and RATIONAL. With the current stock price so low, a controlling interest can be purchased at a reasonable price and other assets like TopProducer can be spun off to repay (partially) the investment. This is a strategy that makes SENSE.
Until NAR SERIOUSLY takes up this issue and hears our concerns, we vow to raise awareness, talk to the press, let our clients know what you are up to, and most importantly, we will NOT continue to pay higher and higher fees to cover Move, Inc.s inefficiencies and largess.
We do not do this out of spite. We do this to protect OUR good name and our industry. It only makes sense with Move, Inc’s stock price this low to take these actions. We call on you to address these concerns completely, totally, and immediately.
After you have added your name to this petition an e-mail will be sent to the given address to confirm your signature. Please make sure that your e-mail address is correct or you will not receive this e-mail and your name will not be counted.
http://www.takebackourr.com/the-petition/
Duration : 0:2:50
Read the rest of this entry »
March 8 (Bloomberg) — Nancy Koh, director of Asian corporate research at BCP Securities Asia Ltd., talks with Bloomberg’s Susan Li about China’s property market and corporate bonds. (This is an excerpt of the full interview. Source: Bloomberg)
Duration : 0:0:50
Read the rest of this entry »
More lowlights from the REO trail in North San Diego County
Duration : 0:5:27
Read the rest of this entry »