Blog entries tagged with "agreement":


agreement: HOW LONG SHOULD A LISTING AGREEMENT LAST? - 05/09/08 05:00 PM
Listing agreements.  Probably the most important part of a Realtors job.  Getting listings.
Listings are the name of the game.  Listings attract buyers.
Without listings, a real estate agent is out of a job. 
So how long should a listing agreement last?
If I were a client, I would not want to sign a listing agreement … (7 comments)

agreement: Negotiating Secrets I will Share with You - 04/24/08 08:48 PM
I recently came back from a CRS negotiating class.  I think it's great that negotiating classes are being taught to Realtors.  I did think that a lot of the material was conceptual, here are some things I've learned over the years, that I will share as long as you don't use them when … (5 comments)

agreement: Listing Clause...Vesting Sellers - 04/20/08 02:51 PM
I wanted to pass this on to you. It's a clause that I am having my agents put in all of their listing contracts during this market cycle. Maybe forever. I have found that when doing a listing with a Seller, they are more likely to help keep their end of … (5 comments)

agreement: RI Real Estate Law - Purchase and Sales Agreements - Single Family - 03/09/08 11:02 PM
RI Real Estate Law - Purchase and Sales Agreements - Single Family
In Rhode Island most buy and sell agreements (purchase and sales agreements) for single-family homes are on a form prepared by the Rhode Island Association of Realtors. The Purchase and Sales Agreement is a very important legal document that typically … (0 comments)

agreement: Dear Mr. and Mrs. Seller - a buyers letter to the homeowner - 02/13/08 07:03 AM
Dear Mr. and Mrs. Seller:
 As we present this offer, we'd like to thank you for considering us as buyers for your home.  We have looked at
many houses, but none of them had the same feeling yours has.  Along with meeting our needs as a large family, your home is filled … (11 comments)

agreement: Sometimes it's better to be second or third or even fourth? - 01/22/08 02:35 PM
I recently picked up 2 clients, my first client contacted me about seeing a home.  I did my duty and asked her if she was working with an agent and had she signed an agreement, Yes, she was working with someone but no she didn't sign anything.  She said every house … (0 comments)

agreement: CC Debate. Did you know there is one? - 01/09/08 12:25 PM
A couple of weeks ago in our company morning meeting, my Broker and another agent shared with us an issue this agent is having regarding her Cooperating Compensation. 
The bottom of our MLS sheet states Information Deemed Reliable, But Not Guaranteed.  The MLS sheets all state the CC amount.  The closing happened.  … (2 comments)

agreement: Look at your options before deciding what to do. - 01/02/08 09:43 AM
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agreement: Real Estate Law and Knowing What You are Signing - 12/28/07 10:59 PM
Real Estate Law is a lot more complicated than it has ever been in the past. Now when you sign a brokerage agreement with a realtor instead of 1 page or 2 pages it is 14 pages? That is just for the listing. Why is it so long? Well that is … (2 comments)

agreement: SELL YOUR HOME GUARANTEED OR WE BUY IT - Maryland : Harford County : Baltimore County : Long and Foster - 12/27/07 07:31 PM
SELL YOUR HOME GUARANTEED OR WE BUY IT!!!!!!
Are you Building a NEW HOME in Maryland?
Are you Ready to Sell your Maryland home, but want a GUARANTEE that it will actually sell?
Are you age 62 or better and Ready to Sell your Maryland Home?
IF YOU ANSWERED YES TO ANY OF THE QUESTIONS ABOVE THEN … (0 comments)

agreement: Thanksgiving Miracle #2 2007 - 11/22/07 05:14 PM
This is turning into an annual tradition. This year I had my 2nd closing that was to occur on the Tuesday before Thanksgivng. It also had a snafu that precluded us from going to settlement. This time I approached the Listing Agent with the proposal of her client allowing a Pre-Settlement … (1 comments)

agreement: Lease with option to buy-part 2- terms - 11/22/07 06:54 AM
Here are some terms that you might consider placing into a lease to option to buy agreement:
1) define a time period.  as I said in the previous post, decide on how long you want to have this agreement; the shorter the better for sellers.
2) Lease option money down.  This is in … (0 comments)

agreement: Lease with Option to Buy - 11/21/07 07:14 AM
Ever get a seller/landlord that needs income fast to cover their house payment on a property sitting empty?  They might want to consider a lease with option. There are many names this is called: rent with option to buy, lease to own, etc.
Pros: you get someone to rent for a period … (9 comments)

agreement: Where's My Money?: On Keeping the Buyer's Initial Deposit - 10/12/07 10:49 AM
OK real estate gurus. Here's a situation you never want to find yourself in. I received an email from a Realtor friend of mine. His client (Seller) found herself at the end of the road called "Dead Deal." It went a little something like this:



- 1. … (2 comments)

agreement: Home not selling? Try leasing. Here are some great suggestions to assist leasing you house. - 09/27/07 10:57 AM
In these times when sellers may have trouble selling, leasing your home may be a backup plan. Here are some good rules if you are considering renting. Follow them and they will help make your rental journey more prosperous and less stressful.
Ten Tips for Landlords
Screen tenants. Get it in writing. … (0 comments)

agreement: Closings Offered at Different Assumptions - 09/18/07 11:45 AM
I am a little frazzled as I was online last week when I got an e-mail for a standard refinance in my area. You are to respond to the e-mail and they will let you know if you get the assignment or not. I high-balled it thinking, I probably wouldn't get … (2 comments)

agreement: First Time Buyers, Financial Assistance - 09/14/07 09:55 PM
I have some awesome resources for people who are looking to buy their first home in SW ohio. This is in addition to the OHFA money program from the state.
I will not share this information with anyone, other than my OWN clients.  So, if you are interested, contact me for … (0 comments)

agreement: Deadly RE Traps - Beware of Contract Kiting - 09/12/07 09:51 AM
In this Blog, I thought it important to let others out there know about a common practice that causes unnecessary grief.  Commonly you will see this take place when multiple contracts or addendums are used in a transaction.
In simple terms, contract kiting occurs when two or more contracts for sale are … (3 comments)

agreement: Buyer Broker Agreement Insults Buyer - 08/29/07 03:10 PM
I just spent 9 very long months with someone I thought was a "client". I've always argued against the claim that "Buyers are liars", but it seems that this has been a long learning curve for me. My Broker always told me not to waste my time with people who won't commit … (36 comments)

agreement: Chattels and Fixtures in Your Home - 08/13/07 04:52 AM
If you are thinking of selling your home, you're probably wondering whether you should take the custom made window coverings with you - or whether that entertainment unit you had specially made for your family room should really be sold with the house.
Undoubtedly, these items may be hard to part with.  … (1 comments)

agreement: Close More Listing Agreements with Mortgage Payment Deferral - 05/23/07 12:10 PM
Attention Real Estate Agents:
Close More Listing Agreements
with Mortgage Payment Deferral
On your next listing appointment, set yourself apart from the competition. Tell your prospective listing client about Mortgage Payment Deferral, the program that lets them use the equity in their home to make the mortgage payment until their home sells. … (0 comments)

agreement: The Four Agreements to a better life - 04/16/07 01:26 PM
I was helping a friend stage this weekend and we were chatting about the secret and just living positively, moving on, letting go, etc. She mentioned a book she read and loved it and I found some information on it.
The write is Don Miguel Ruiz his book is the Four … (13 comments)

agreement: Buyers Representation - 03/31/07 05:36 PM
Here in our area we have buyers representation agreements.  They don't seem to be used all the time, but we are being encouraged to use them.  This agreement basically signs the buyer up to work with me (or whomever) as their real estate agent.
I haven't used this form yet as I … (6 comments)

agreement: The Difference Between an Exclusive Buyer Agent and a "Buyer Agent" - 03/30/07 01:23 PM
Unfortunately - most of the general public isn't aware of the distinction...
In the 1990's NAR defined the difference in one of their brochures - but that is the last we've heard from them in terms of the definition.  Only two states proactively let the public know that Exclusive Buyer … (0 comments)

agreement: So You Want To Purchase A Foreclosed Property... - 03/03/07 08:11 PM
Purchasing foreclosures is not for everyone.  The process requires patience and diligence.  Properties move very quickly.  There is less inventory and you may not find "exactly" what you want.
Generally speaking:
-In order to be ready to "pounce" on your great deal, you must have cash in hand.  If the property is in … (0 comments)

agreement: What are Fixtures? - 02/16/07 09:44 PM
Fixtures in real estate are any items that are screwed, glued, nailed, bolted or otherwise affixed to the house. Generally they are automatically included in a real estate agreement unless specifically said out.
Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®                        Specializing in Residential and Investment Real Estate Re/Max Realty … (0 comments)

agreement: Why you should pick a buyer's agent and be loyal - 02/06/07 02:51 PM
Real estate is a tough world.  Having been in the corporate world for years before going into real estate, I find that it is much more difficult to have a successful career in real estate, but much more rewarding for me personally.   Real estate agents do not get paid unless your closing happens.  … (0 comments)

agreement: To play well together you both must know the rules! Part 10 of 10 - 12/26/06 11:23 AM
 
Here is a link back to Part 9 in case you missed it! 
This is the final section of the Agreement.  It covers the termination process, and has a clause designed to protect the team against "solo agents" in "Buyer Associates clothing".  Having encountered situations last year where an agent would join the … (41 comments)

agreement: To play well together you both must know the rules! Part 9 - 12/26/06 10:54 AM
 
Here is a link back to Part 8 in case you missed it! 
These three sections cover advertising requirements (based on Arizona Department of Real Estate and Keller Williams International requirements), documents that the Marriott Group recognizes the Buyer Associate's personal "client tree" as being the property of the Buyer Associate and finally … (1 comments)

agreement: To play well together you both must know the rules! Part 8 - 12/26/06 10:06 AM
Here is a link back to Part 7 in case you missed it! 
This section covers Service Levels (response times),  how to handle requests for assistance in areas we don't service (referrals), and what information should be obtained at first contact and entered into the database.
Article 7
Although our source(s) for leads are "exclusive", … (3 comments)

agreement: To play well together you both must know the rules! Part 7 - 12/25/06 02:27 PM
Here is a link back to Part 6 in case you missed it! 
This section of the Agreement is one of the most critical sections to include.  It has been reviewed by real estate attorneys (who were asked to review it by someone looking to get out of it!) and is valid and … (7 comments)

agreement: To play well together you both must know the rules! Part 6 - 12/25/06 02:12 PM
Here is a link back to Part 5 in case you missed it!
This section of the agreement spells out the individual expenses that the Buyer Associate is responsible for.  There has been some discussion of whether the team will provide laptops and/or cellphones to Buyer Associates in the future to enhance the … (3 comments)

agreement: To play well together you both must know the rules! Part 5 - 12/25/06 12:36 PM
Here is a link back to Part 4 in case you missed it!
This section of the agreement describes what the Rainmaker Team Leaders provide to the Buyer Associate, and details what happens to those items should the agreement be terminated.
Article 4
Rainmaker Team Leaders agree to furnish the following items to Buyer Associate … (8 comments)

agreement: To play well together you both must know the rules! Part 4 - 12/25/06 10:13 AM
Here is a link back to Part 3 in case you missed it!
Article 3
The following clause documents where the Buyer Associate gets initial support
Buyer Associate understands that the primary point of contact for ALL questions regarding residential real estate transactions is DAD or whoever is designated by the Rainmaker Team Leaders as … (4 comments)

agreement: To play well together you both must know the rules! Part 3 - 12/24/06 11:18 AM
Here is a link back to Part 2 in case you missed it!
Article 2 of the Agreement covers the "behavior" commitments of the Buyer Associate.  They are committing to:
Being "Full Time" - real estate is their primary occupation - and they commit to doing what it takes to take care of clients … (4 comments)

agreement: To play well together you both must know the rules! Part 2 - 12/24/06 10:59 AM
Here is a link back to Part 1 in case you missed it!
So now we get into the actual agreement.  The first item identifies the parties to the agreement and specifies three key points:
1.  The parties are Independent Contractors
2.  Which documents/handbooks/rules both parties agree to abide by
3.  The Buyer Associate works … (4 comments)

agreement: To play well together you both must know the rules! Part 1 of a series - 12/24/06 10:47 AM
One of the questions that comes my way frequently and often is - how do you go about building a team?  One key element of any long term successful team is both the Team Leader - or in the language of Keller Williams - the Rainmaker Team Leader - and the … (12 comments)

agreement: The Recruiting Process - 11/18/06 10:53 AM
We are fortunate to have on our team someone who spent years leading Human Resources for United Airlines, who was responsible for hiring more than 10,000 pilots during his career.  Needless to say, his name rose quickly to the top of the list for "who should design our recruiting process".
Here is … (1 comments)

agreement: Asking for a few days grace to close - 10/02/06 11:05 AM
Is it a good idea to put it in a contract or into a listing agreement? I think it is. I put it in my listings agreements. giving up to ten days if needed to secure financing. why, because, sometimes things go wrong at the last minute. as transaction brokers it is our … (1 comments)

agreement: How do you get two people to agree? - 08/23/06 11:53 PM
I often work with couples buying a home in Indianapolis- mostly because my sphere is at that age where they are getting married or buying a home with their partner.  The hardest thing to do is to get them to compromise on what they want.  I often will ask each of … (5 comments)

 
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