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nar: The vanishing FSBO - 01/15/11 12:38 AM
Yes, it's true, the FSBO (For Sale By Owner) famed in song and story is now one of a vanishing species on the American landscape. Well, have you seen many FSBO signs lately?
According to the NAR 2010 Profile of Home Buyers and Sellers, FSBO sales declined to less than 1 in 10 transactions in 2010 (around 9% of all sales), down from 1 in 7 in 2004.
AND in almost 50% of the successful transactions the seller knew the buyer beforehand; sort of one of those "If you ever want to sell this house I'll buy it" sort of sales.
… (4 comments)
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nar: "Licenses". "We ain't got no stinkin licenses." - 12/17/08 02:40 PM
A famous line in an old Humphrey Bogart movie, "Treasure of the Sierra Madre" has a Mexican bandit trying to convince Bogharts character that they are Federales.
When Bogart asks to see their badges the bandit responds: "Badges? We ain't got no badges. We don't need no badges. I don't have to show you any stinking badges!"
That line has became a cult classic, sort of like "More cowbell" from that now famous Saturday Night Live skit with Christopher Walken and Blue Oyster Cult.
Like badges, some seem to have the mistaken impression that the National Association of Realtors issues … (4 comments)
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nar: FSBOs on Realtor.com? "Say it ain't so Joe." - 11/14/08 08:19 AM
The big, bold headlines read: "ForSaleByOwner.com Becomes First to Provide New Access to Realtor.com
E-mail NEW YORK, Nov. 12, 2008 – ForSaleByOwner.com today announced that it has become the nation’s first “by owner” real estate website to enable home sellers to advertise their home on Realtor.com without appearing on a local Multiple Listing Service (MLS).
This new direct access to Realtor.com follows the May 2008 settlement between the U.S. Department of Justice and the National Association of Realtors..........................................................."
However the truth and facts don't quite support the headlines.
In a story today in Inman News, Move spokesperson Julie … (13 comments)
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nar: Knoxville Tennessee area homebuyers can soon get a $7,500 tax credit for buying. - 07/28/08 03:19 PM
Congress has passed H.R. 3221, the Housing and Economic Recovery Act of 2008 and President Bush is expected to sign it soon.
One of the immediate provisions is a $7,500 TAX CREDIT for homebuyers that have not owned a home that was their principal residence in the past 3 years.
To qualify, buyers must actually close on the sale of the home on or after April 9, 2008 and before July 1, 2009.
And, unlike some tax credits, this $7,500 must be repaid at the rate of $500 per month over the next 15 years so it's actually more of an … (0 comments)
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nar: 60 minutes debates an empty chair - 05/14/07 03:55 PM
Just received the following from NAR regarding the recent 60 minutes segment about Realtors and our industry.
"The NATIONAL ASSOCIATION OF REALTORS® issued the following response to a May 13 segment of 60 Minutes on real estate competition. The full response is posted on REALTOR.org.CBS News Magazine Misses the Mark In the world of political campaigns, it's a standard ploy to set the stage with an empty chair when one candidate refuses to debate his opponents.The CBS show 60 Minutes gave the NATIONAL ASSOCIATION OF REALTORS® the empty chair treatment in a May 13 segment that examined the impact of online brokerages on … (3 comments)
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nar: They done me wrong............now what? - 03/12/07 10:04 PM
If you feel one of your fellow Realtors has done you wrong and in doing so violated one of the articles of Code of Ethics what could you.........what should you....do about it.
Step 1. Go to your local board or association and get an ethics violation complaint form.
Take it back home or to your office and fill it out in as much detail as possible, specifying the offense, when it was committed, how it was committed, and by whom.
Attach any supporting documentation you have, i.e. affidavits from witnesses, contacts, or any documentation related to the transaction or offense … (5 comments)
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nar: How good are you??? - 02/13/07 04:00 PM
Step right up ladies and gentlement; test your real estate knowledge right here.
Self grading tests show you what you know as well as what you know that just ain't so. ;-)
Try your hand at:
RESPADO NOT CALL RULESREALTOR® Trademark usageCode of EthicsFair HousingLead Based Paint DisclosureStaging SavvyGut InstinctsAnd a whole host of topics designed to put your knowledge and skill levels to the test.
Each test is self grading so you'll know how well you did (or didn't do) immedately after answering these short (8-12 questions) questions.
No pass or fail and everyone wins because you can't help but learn somthing … (24 comments)
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nar: Great real estate tips for sale.....only 2 cents each! - 02/01/07 10:23 AM
Here's what has to be one of the greatest bargains since Lucy Van Pelt in the comic strip "Peanuts" dispensed Psychiatric advice for only a nickle. ;-)
The publishers of REALTOR® Magazine have gathered 1,200 sales tips from the magazine and combined them into a book and are offering it for the bargain price of only $24.95. That's only about 2 cents an idea!
You can order "1,200 Great Sales Tips for Real Estate Pros" online at Realtor.org.
Here's a sampling of what's inside:
"1,200 Great Sales Tips for Real Estate Pros is divided into seven sections-prospecting, selling, staying out of trouble, knowing your market, time … (7 comments)
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nar: What being a REALTOR® is....and what it is not. - 01/28/07 11:38 AM
In order to call yourself a REALTOR® you must be a current member of the National Association of REALTORS® (NAR).
NAR does not issue real estate licenses so you cannot ever be a "licensed REALTOR®" because there is no such thing. States issue real estate licenses, not NAR.
Being an NAR member entitles you to call yourself a REALTOR® but it also carries an obligation to use the word correctly, both in advertising and Internet usage.
A. REALTOR® Members are licensed to use the following MARKS:
An easy test to apply to see if you're using the word properly and in context is to simply … (11 comments)
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nar: But what have you done for me lately? - 01/22/07 06:39 PM
Our current NAR President told consumers to call a REALTOR® if you're considering a home purchase and apparently a lot of buyers have been listening.
"The percentage of consumers surveyed who are more likely to hire a Realtor® than a real estate agent who is not a Realtor® has risen from 51 percent in 1999 (the first year of the survey) to 64 percent in 2006."
"2007 marks the most extensive outreach effort since the Public Awareness Campaign began. Ads will be broadcast nationwide from January through November and will air more than 8,750 times on national TV and radio outlets and … (32 comments)
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nar: Don't like NAR or being a REALTOR®, here's an alternative - 01/12/07 12:48 PM
For those folks that are unhappy or disenchanted with the National Association of REALTORS® and their efforts to keep real estate affordable for consumers and all the rest of the services they provide to the real estate industry, there is, and has been for about 60 years now, an alternative group of real estate professionals.
The National Association of Real Estate Brokers (NAREB); they call themselves "REALTISTS®".
"To join the NAREB local chapter nearest you, simply complete the online registration form. You will be given options for membership fees based on your professional discipline and location selected. You may pay by credit card or check … (8 comments)
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nar: Got your 'T' shirt yet???? - 01/11/07 09:07 AM
An expression I used to hear a lot several years ago when someone asked if another person had been to the latest vaction spot, visited the latest attraction, or generally done something was: "Been there, done that, got the "T" shirt.
The same coul apply to membership in our REALTOR® organization AND participating in those organizations whether it be national, state, or local.
Just using the MLS doesn't count as participating.
The REALTOR® organization is OUR organization, NAR, our state associations, and our local associations are all membership driven organizations that exist solely for the benefit of that membership, which is all 1,369,955 of us as … (33 comments)
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nar: Do you use the "R" word correctly??? - 10/11/06 08:55 AM
No, not that "R" word; I mean the sacred "R" word: REALTOR® in all its glory. NAR is pretty picky about how its members display the Realtor word and have even wrote a "Membership Marks Manual" that tells you in great detail both how you can and cannot use the word "Realtor" in most every situation. For purposes of this discussion we'll confine the usage guidelines to the www.Here's a sampling: "The term REALTOR®, whether used as part of a domain name or in some other fashion must refer to a member or a member's firm.The term REALTOR® may not be … (20 comments)
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nar: Procuring Cause; is it you or someone else??? - 10/06/06 01:23 PM
Legally the definition of procuring cause goes something like this.The procuring cause of a sale is that person who set in motion an uninterrupted chain of events that led to a successful sale.Sounds pretty simple at face value but anyone who has been in the business more than 6 months has probably heard stories or had an unfortunate experience that gave them some firsthand experience that it was far from simple. Example: I have a listing and another agent from another company has shown that property (with my knowledge and consent) several times to some buyers. She's talked about financing, redecorating, … (4 comments)
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nar: NAR's Center for Realtor Technology (CRT) - 09/22/06 09:38 AM
Probably one of the least known but very useful parts of NAR is the Center for Realtor Technology (CRT).
Here's a great video that tells some of the terrific things they do: http://tinyurl.com/ff6jx
The CRT folks also have their own blog full of great information http://blog.realtors.org/crt/
They will again host the "Blogger's lounge" at the upcoming NAR New Orleans convention like they did in this past Aprils mid- year meetings in Washington D.C.
WiFI Snacks Beverages Soothing Music Comfortable Seating So if any rainers are coming to New Orleans you'll be able to get online free of charge; located at the Hilton New … (6 comments)
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nar: What a Realtor Multiple Listing System (MLS) is (and what it is not) - 09/20/06 08:45 AM
The MLS you access today to find homes to sell in your area is the current generation of a system that began many years ago.
The word “listing” is derived from the beginnings of the MLS when data about homes for sale would be typed on an actual, paper list and distributed to Realtor members.
That ‘list’ of homes later became an MLS book which was typically distributed weekly to it's members (some of our older members may remember the MLS books and younger members may have actually seen one on display as an antique) ;-)
As technology evolved and the pace … (4 comments)
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nar: Top places in the US to retire - 09/14/06 09:09 PM
The current issue of "Where to Retire" magaine lists “8 low cost towns with great home buys”.
Not surprisingly my city of Knoxville, Tennessee is one of them; in fact one of the few things below average around here are home prices.
The National Association of Realtors lists $143,000 as the median price of homes in the area with the average cost of a new, 4 bedroom home at $175,520.
No state income tax, low cost of living, lots of things to do, and temperate weather with four distinct seasons of year were all factors in selecting Knoxville as one of the eight low … (8 comments)
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nar: Too many 'newbies' (Realtors) - 09/12/06 10:02 AM
A few weeks ago in Inman News Marcie Geffner wrote an article titled
http://www.inman.com/InmanNews.aspx?ID=55783 "Too many real estate newbiesPerspective: Excessive supply of real estate salespeople is bad news"
in which she reiterated what we all know; there are too many people in the real estate business for the number of homes sold each year.
She ended her article with the promise of a follow up with the solution.
Well today's the day the solution is revealed and not surprisingly, it's pretty much the same as the rest of the other solutions offered.
http://www.inman.com/inmannews.aspx?ID=56587
tougher licensing requirementsbrokers need to consider the true cost of hiring … (10 comments)
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nar: "The Digital Paper Trail" - 09/03/06 03:51 PM
This book is a great risk reduction tool.
Authored by Oliver Frascona, Esq., GRI, REALTOR, it covers most all aspects of real estate sales from buyers, sellers, contracts, marketing property, closing, office policies, and a host of other good stuff.
I use his buyer agency script routinely to get my buyer clients to sign an exclusive buyer agency agreement with me AND pay me a fee not dependent on what the listing agent is offering via the MLS coopration compensation.
A couple of good lines:
1. "(ask) Permission to get paid."
"Is it all right with you (Mr. buyer) if I make money … (3 comments)
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nar: 2006 NAR Leadership Conference - 09/02/06 04:20 PM
This August in Chicago NAR held our annual Leadership Conference where they bring in incoming state & local board Presidents, EOs, and other incoming leadership, for a two day meeting to expose these current and future leaders to tools and expertise available from NAR, network with their peers, and get information to help them from leaders in the management, technology, trends, and other issues they may face.
NAR picks up the hotel bill for this 2 day meeting, getting there is on your nickel but lots of boards and associations pay their incoming President's and EO's travel and other expenses.
A great … (3 comments)
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Jim Lee, Seacoast Realtor Portsmouth, NH, Jewel of the NH Seacoast
Portsmouth,
NH
More about me…
RE/MAX Coast to Coast
Address: ATTN: Jim Lee , 150 Mirona Road, Portsmouth, NH, 03801
Office Phone: (603) 431-1111 x 3801
Email Me
Have a question about Portsmouth NH & Seacoast New Hampshire real estate or homes for sale??
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