Archive for January, 2010

Realtor Logo?

January 28, 2010 - 4:40 am 2 Comments

Anyone out there know where I can find a High resolution Realtor Logo. I’ve tried yahoo images, photobucket and all the realtor websites, but nothing
The Realtor logo IS available online to anyone who needs it, and there are lots of logos out there. My issue is finding one that is High Res.

It’s pretty big…

https://www.columbusrealtors.com/Img/ContentImg/REALTOR_logo_4×5.bmp

Try an image search on Google.

Can a seller ask for more than what is listed on a realtor’s website?

January 28, 2010 - 4:40 am 5 Comments

My friend is trying to buy a house. The house was listed at 85,000. She offered 83,000 and the seller freaked out. The seller then said she would not sell it for less that 89,000. It is listed online at 85,000 through a realtor. She then offered 85,000. Is it legal for the seller to not accept an offer at the list price? Is the realtor entitled to the commission since an offer was made at the list price? We live in Tennessee.
My friend would pay all other fees herself including closing costs.

The seller and buyer are using thesame agency.

The buyer normally has contingencies so they don’t just offer to buy the house for exactly what was offered. Every full price offer isn’t the same since one might demand an inspection, another might need to sell an old house and the third might need to find financing. So the owner can change the price since the buyer isn’t making a cash, no contingency offer.

How do I get my For Sale by Owner house on the MLS (multiple listing service) without using a realtor?

January 28, 2010 - 4:39 am 9 Comments


Try this! http://mlscountry.com/

Realtor agent or Lawyer? ?

January 28, 2010 - 4:39 am 5 Comments

I’m in the market for my 1st house. I’m wondering is it REALLY necessary to have a Realtor agent? Can’t I just buy the house by whoever owns it? What if i buy a home and hire a lawyer to do all the paper work, instead of a Realtor? Reason i ask; im not feeling a Realtor. I’ve meet with a few and they all seem like flaky in one way or another. Thanks in advance!

You can get a lawyer, but they won’t do the foot work for you. Why don’t you ask friends & family members the name of a good realtor?

When you are looking to buy a house, do you search online for listings or do you rely on your realtor ….?

January 28, 2010 - 4:39 am 7 Comments

to give you the listings available in your area?

Do both – also if you’re just out driving and see a house with a sign in front of it, call your realtor and tell them you’d like to see it.

If you’re SEARCHING online yourself, then your realtor’s doing a poor job. They should be finding the places for you and recommending them, that’s what they’re getting paid for.

But, asking them to get you into something that you see for sale is reasonable – you just shouldn’t have to go through the effort to LOOK for houses that you wanna see.

Please slice and dice Realtor commission splits between listing agent and real estate agent.?

January 28, 2010 - 4:39 am 4 Comments

Please do a simple slice and dice of how the commission are split between the listing agent and the real estate agent who brings in the buyer. Examples would be great.

Also, additionally, what if the buyer has has decided to go with Buyer Agent. How does that affect? Are these fees ever paid for by the buyer?

I am a potential buyer in Ca.
If I use the listing agent to show me the home, can I use my own real estate agent (either a buyers agent or a regular real estate agent?)

First of all all commissions are negotiable in a real estate transaction. IN most instance the real estate agent will tell you that my agency charge 6 points per real estate transaction.

Each real estate agent has a contract with the broker with whom the work with as required by most state laws. This commission split within the company will vary depending on the amount of experience a real estate agent have as well as the amount of business this real estate agent bring in the front door that actually closes or end in earning money for the brokerage firm.

1. Most of the time the listing agent and his brokerage firm command a commission of 6 %. If this listing agent is the selling agent as well as the listing agent then his brokerage firm retains the entire 6% commission. The brokerage get 3% and the listing /selling agent get the other 3%. This is a complete in house sell.

2. If the home sell through the efforts of another agent called a buyers agent, then the commission of 6% is split equally between the two brokerage firms thus the selling brokerage firm would get 3% and the listing brokerage firm would get 3%. The inside commission split between the agent and the broker is normally half so in this case the brokerage firm would retain 1.5% of the commission and each agent would get 1.5%.

If you hire a real estate agent as your buyer’s agent, the thinking in the real estate community is that since the seller has normally signed an agreement to pay the listing agent a 6% commission that the listing agent would share this commission with the buyer’s agent. This make sense and is the norm.

Now if you find a For Sale By Owner (FSBO) and decide to purchase this property, you might be in trouble. You signed a contract with this buyer’s agent. The seller did not sign an agreement with anyone therefore is under no obligation to pay your buyer’s agent.

For some reasons the real estate community think that the seller should accommodate the buyers agent and pay at lease 3% of the sale price. Think about this. Why in the name of of all hell would you pay someone that you did not hire?

Some even think that since the seller is not using a real estate agent the buyer should make an offer of 6%-7% less than the sale price.

This person is selling his house by himself for a reason, he want to get the maximum of his equity in his pocket without sharing it with anyone what so ever.

That is to say if you purchase a house from a FSBO you might have to pay the commission of the person you hired. Again the home owner in this case did not sign an agreement with any agent and is not legally or morally obligated to pay the agent you hired.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

How do I file a complaint against a realtor in Indiana?

January 28, 2010 - 4:39 am 8 Comments

Looking for information to file a complaint against a realtor in Indiana. I believe this realtor has violated the code of ethics. Please help or advise in any way you can. Thanks in advance.

This is the way to file a complaint against any one who deals in contracts or business… Call the State Attorney Generals Office and request a complaint form from the Comsumer Protection Dept. They will send you a form to fill out and return in the snail mail, included with the form will be the instructions on how to fill the form out. Be clear and concise with your information and have evidence available when they request it. If you are not completely satisfied with this answer there are some other route that you can take such as filing a complaint with the State Board of Realtors just to mention a few. Good luck with your endeavor.

Where can I find a realtor to purchase a home in Detroit in lieu of selling.?

January 28, 2010 - 4:39 am 6 Comments

Owner has moved out of state and purchased another home there. With the ecomony the way it is, we are considering a realtor purchasing the home for us in lieu of continuing two mortgages and just consider it over with. Is this duable? House is in excellent condition but can’t wait forever for it to sell. Anyone have any experience with this IN Detroit- or a referral for me? Thanks in advance.
thanks–the home is up for sale with a realtor since the end of May-and will expire in Nov. It "supposedly" sold in 6 weeks and TWICE, the buyer had problems prior to closing so we lost 7 weeks of showing it as the sale now is not going to proceed. Unforunately, the seller purchased a home when he moved out of State b/4 the papers were signed for the home here–oh well- and so it goes. Therefore, in lieu of it up for sale with a realtor and it expires with NO luck by November 20-we were highly thinking of it just being out-right purchased by a company/realty company/etc, of which I am not quite sure of the wording and therefore unable to look up who could purchase this home and be done with it and take the beating and consider it a huge loss—————–but every month means another mortgage payment here and another one out of state. Hope that helps my question. Seller is anxious to sell and willing to drop the price, but with so many homes for sale-probably not!

There are places that will buy your home if it does not sell within 90 days I think. Look for their ads, read the fine print…

How do I sell myself to the realtors?

January 28, 2010 - 4:39 am 4 Comments

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.

What is a good website to find cute, cheap apartments?

January 25, 2010 - 8:47 pm 1 Comment

My boyfriend and I are looking for a cute 1 bedroom apartment that is affordable. Any good Realtor websites??

www.craigslist.org