I heard that a Loan Officer should become more friends with Realtors in order to produce more potential client loans. How should I approach and become friends with Realtors?
My dad would take them for lunch on his $$$.
I just opened a virtual tour buisness for realtors in Arizona. What is the best way to get my name out there?
Virtual advertising. You will earn lots of virtual money.
Realtor Alexis Palkowski (propertiesByAlexis.tel) explains the benefits of the new .tel (dot tel) names for Realtors and business. www.telForRealtors.com. Give clients all your contact information using a single, easy to remember name. Make it easy for people reach to you, remember you and refer you.
Duration : 0:1:55
My husband and I are renting a home using an agent for the first time and are being told to pay the realtors fees for both agents (half months rent for each) and I don’t know if this is how it is done. I know that when purchasing a home it is the seller that pays the fees so this does not make sense to me.
It depends on your agreement with the Realtor and what property they find you. Most agreements that you will sign with a Realtor state that they are owed a certain amount or percentage of the price when a deal is closed. If a seller pays some of that (which they do if they are working with a Realtor) you only have to make up the difference. I have never heard of a buyer having to pay a selling agent anything, but as in everything, its negotiable and the agent should have told you this before showing you the property.
Realtor Ride Along is a day in the life of Professional Realtors, Jodi McCammon and Danny Briggs based in Sourthern California. Follow them through thier previewing of properties, touring with clients, offers, Realtor Reach Out, and various stupidity… Created on February 28, 2010 using FlipShare.
Duration : 0:5:31
Do you feel that Realtors should be held accountable in some way for a foreclosure. Sub-prime lenders may be giving out loans too easily, but who is pushing people into homes they might not be able to afford? In Connecticut, buyer’s agents and seller’s agents both work for commission and are part of the same Realtor organization, they want the home to sell for the highest amount possible. Should they return the commission or pay a fine if the house goes into foreclosure (within a certain time frame after the sale)?
Maybe I’m biased due to the fact that I am a Realtor, but they really should not be held accountable. A Realtor does not handle the financing part of the transaction. They might refer a client to one, but it is ultimately up to that buyer to make an informed decision, just as they did when they chose that Realtor to work with.
A potential buyer does not have to disclose any personal financial information to me, merely just a pre-approval letter stating that they can obtain a loan for X amount. I have no way of knowing what they can actually afford unless, they allow me to view their information and educate them on how the process works.
I use a lender for first time buyers that literally has told several of my potential clients they cannot afford to buy right now and need to clean up their credit and/or obtain a better income. I might have lost a deal here or there, but am alright with it in hopes they will come back to me a few years from now when they are ready and have a good experience versus the ones scrambling to get into a home they can’t afford and end up upside down in it and associate me with a sour deal.
I actually had a 1st time buyer that chose to find their own lender, thought they were getting this great deal on an interest only mortgage and when I heard the terms that were offered I told them don’t walk but run away from this lender as fast as you can. I sent them to my guy and he informed them they should wait a year, clean up their credit and be in a better position to buy. They did, we found a home better than the one they originally liked and they couldn’t be happier. By the way both homes were priced similar and same down payment – the interest only loan would have been the same payment as their now 30yr fixed payment.
So as you can see, we are not all out there to take advantage of people just to make money. I’m out there to build lasting relationships, repeat business & referrals.
Also please keep in mind trying to get the highest price isn’t going to affect how much commission an agent receives by a substantial amount. For every $10,000 the agent might receive only $100-$300 extra (Gross).
Regards,
Southeast MI Realtor
Are there other opportunities that you can do with a realtors licence besides just being an agent?
That’s the reason to get a license, either to be a broker or an agent.
Beyond that, there may be management opportunities with homebuilders or commercial developers if you have experience.
Realtors across the Inland Northwest are hopeful that recent numbers are an indication the housing market is picking up. Home sales across Spokane County are up compared to this time last year, but selling your home may still be a struggle. KXLY4’s Mike Gonzalez reports.
Duration : 0:1:45
I am interested in putting flyers together but I dont know what would catch a realtors attention. Also putting one together for potential home buyers Please help
Its all about networking, try putting a flyer together that offers special programs telling Realtors you will do flyers with different loan programs and monthly payments for different amounts down that Realtors can give to potential clients. Then you network with Realtors and potential buyers see your name and mortgage company. You can give lender market information on flyers for Real Esate offices. With the first flyer I mentioned you get to hit Realtors and potential home buyers at the same time. When you get to know some Realtors then you can offer to split advertising costs in Real Estate magazines and even on agent websites. I hope this helps get out to Real Estate offices and introduce yourself, hit Chamber of Commerce meetings and MLS meetings.
Video shows REALTORS 6 effective methods for using Market Snapshot home price and data reports in their marketing.
Duration : 0:7:38