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Did you know? 15 random thoughts from Broker Bryant.

Hi folks. Today I want to do something a little different. The title of this post says it all "Did you know?". These are random observations from me, Broker Bryant, that I hope will make you smarter, or at a minimum, make you think. Please feel free to add to the list in the comments. And by all means, correct me if I'm wrong.

Did you know, that if you use Real Estate Shows, you can Google your listing by house number, street name and zip code and your listing will show up in the #1 position and may even have a Google map up top? Who needs a single property web site.

Did you know a fully signed and accepted purchase offer is NOT an executed contract? A contract is executed when the transaction has closed and all parties have performed. A fully accepted and signed contract is a pending contract.

Did you know REALTOR® only has two syllables? Real---tor. That's it.

Did you know REALTOR® should be written just as I have written it? All caps and with the little ® "thingie".

Did you know a Fiduciary relationship is forever? It does not go away just because you lost the listing or the buyer. Information you knew then, that was confidential, is STILL confidential. It NEVER goes away.

Did you know Blog stands for Web Log and is an online diary? That's why we write OUR thoughts and don't just post someone else's thoughts.

Did you know if you steal Lenn Harley's images, maps or words, she will sue you and she will win? And so will I.

Did you know an overpriced listing will suck the life out of you? And it's NOT the Seller's fault. It's your fault.

Did you know if it's NOT on the HUD1, chances are it's fraudulent?

Did you know Mortgage fraud is a federal offense and is punishable by prison time?

Did you know your Broker owns your listing? If you leave the listing stays unless you have an employment contract stating differently.

Did you know an agent without an employment contract is effectively unemployed? Do you have one? Is it current?

Did you know your Broker works for you? You are paying him, he is NOT paying you. Act accordingly.

Did you know mortgage interest rates, in the mid 1980s, were as high as 18% and people were still buying and selling Real Estate?

Did you know people are still buying and selling Real Estate? Your goal should be to make sure they are using you to do it.

And last but not least, Did you know a REALTOR®'s income is NOT passive income? If you want some......then go get it!

So there you have it, 15 random thoughts from Broker Bryant plus one bonus thought, for good luck. Did you learn anything? Did I make you think? Do you have any to add?

***Image compliments of Ali Payne.

Posted by Bryant Tutas Broker/REALTOR(R) Tutas Towne Realty, Inc on 07/25/2007 03:07 PM

Comments (85)

opinion, educational

85 Comments on Did you know? 15 random thoughts from Broker Bryant.

JUL

2007

Reservd Parking For "The Lovely Wife"...TLW...ROAR!

Blog Boy...

Good post. Pretty post. Nice post :)

That's all you get for FREE :)

TLW...ROAR!

Did you know that real estate is a "bundle of rights"? Which consistsof the land, the improvements(commonly the house), the air above, and the ground below.

BB,

I actually didn't know most of those things, I am a Mortgage broker, and I should know, so Thank you, now I know..

Tom Weiss

Thanks Bryant, I did know all 15 things. But, if possible you should superscript the Realtor^®

BB, how do you the (R) thingie? Seriously.

Hey Brian, What's superscript mean?

Did you know that our product is not the house that we're selling but our service?

Bryant

I like the "did you know?" premise of this post a great deal. Very creative.

Yes, what does he mean by superscript? And, how DO you make that little thingie when you are not in word?

I surpeised myself and knew all but #1 .. and I know that one now.. very interesting piece and I wonder how many agents know these very important items..

Well hello there, I make the little (R) just by typing what I just did in Word, it then changes it to the symbol. I'm sure there are others ways of doing it but that's the only way I know of. I type all of my posts in word and then copy and paste. Thanks for stopping by. I've never done a post like this before so just thought I would try something different. TLW told me she didn't like it:( Oh well it was worth a try.

Maybe a newer agent will get something from it.

Did you know: That there are many free handouts and articles on the NAR website?

Anyone who wants to know about the "thingy" REALTOR® - The Way It Should Be

It is nice to be reminded once in a while.

Thanks for the info. I learned a couple of things...and was reminded of one or two as well!

I didn't know about Real Estate Shows . . . . . Hmmm--another reason to sign up. How can we get Brian to tell us how to make the (R) thingy and put it in superscript?

Hey Bryant

I bought my first house around 1980 for $35K @ 16% interest !!!

Sold it in 1986 for $146K !!!

Imagine if I had been afraid to buy.

Random thougts are entering my head about that time in history & how a certain peanut farmer almost ruined this country. We are still feeling the effects.

I like it, I like it! It's been a while since I've seen this style used in a blog. Nice to se it back.

Did you know I bought my first investment porperty in 1984 with an interest rate of 16.25%. And I still have it!! Including the 16.25% rate! BUT I put an equity partner in the condo the day after I bought it who is responsible for all costs, maintenance etc and he still lives there! I bought it with zero down and pulled $2,000 from him and he has paid my mortgage down ever since. I paid $31,000 still owe about $12,000 and it may be worth $100,000. I haven't seen the unit or the co-owner in 20 years.

Lessons from Dad! :o) Loved your #1!!

I fear Lenn. I will NEVER mess with Lenn. And I will NEVER mess with anyone else in sight of Lenn.

I like the new look and feel of this post. It was fun to read.

I didn't know item #2 on your list. thanks for sharing!

Hello little one. Did you know RES would do that? It's awesome...not only is my listing in first place but right at the top of the page is the Google map with the address on it. Pretty cool!

Hi BB, I have recently learned the hard way that an overpriced listing WILL IN FACT suck the life out of you. This post was full of.......(gotcha)....great information!

Broker Bryant, I am proud to say because I have been reading your blogs I knew all of these facts (except the one about Lenn!!!) You have been a great mentor and I enjoy reading what you have to say.

Broker Bryant, I did not know my Broker worked for me. Should I tell them ??? :)

Seriously, I didn't know that ! Yea, I'm afraid of Lenn, but I love her anyway.

Great 'did you knows' Bryant. I especially liked the ones about Lenn's maps and fiduciary duties . Poor Lenn, her maps seem to appear in a lot of posts lately ! (((-:

Well thanks you Mana. I've never been a mentor before. Cool!!!!

Peggy, It will indeed suck you dry,,,slurp. There's goes your time, money and reputation.

OK LETS SEE WHAT WE GOT:

Did you know that our product is not the house that we're selling but our service? From Tracy EXCELLENT!!!!!
Did you know: That there are many free handouts and articles on the NAR website? From Joan
Did you know that real estate is a "bundle of rights"? Which consistsof the land, the improvements(commonly the house), the air above, and the ground below. From Dan.

Cynthia and Irina, I kind if liked this layout as well. Very easy to read. It was fun to write.

Tom, Glad you learned some stuff from our side of the transaction.

Joe, That was a pretty good return!! Good job. Just shows there's a lot more to buying RE than the interest rate.

Michelle, You need to sign up for RES. It's an awesome product.

Kaye, OK which one didn't you know?

David and Kristin, Thanks for stopping by.

Bruce, I'm old. I need constant reminders.

Doreen, I still odn't know what superscript is.

Ed, Thank you my friend.

Hey Brian, Get back here and tell us what superscript is.

Stephanie, I answered your question up there....but forgot to say HI.

TLW, the check's in the mali.

OK that's it. Bed time for the old guy. Saw 2 is on.....spooky!!!!!

OK Missy and Jo-Anne you snuck in on me. Don't do that again!!! Ok you can...just kidding:)

The Ramblings of BB are fuel for thought.

My computer won't translate the REALTOR (thingee).

In Maryland Rebates are legal and they only have to go on the HUD-1 if the money is used for closing costs. Money given after settlement doesn't.

I ran into one of my maps on a farm web site today. I want apples. http://lockfarm.net/id11.html

I once had an agent who thought I worked for him. He's selling chairs at Lazy Boy now.

An attorney told us at Legal Updates CE training last month that fiduciary ends at settlement. I disagreed with him.

BB: A superscript is when the Registered symbol is written a little bit above the line of type and a subscript is when it is written below the line of type. I don't think it's necessary. FYI.

Thoughtful post. Makes one think about some things.

Wow, I've been gone for a few hours and it seems everyone wants to know about superscript. As Peggy mentions above, it's when you have the symbol above the other text:

Superscript examples:

X², Realtor^® , Coca-Cola^TM

Subscript examples:

H₂0 X₁

Not 100% necessary, but is the correct stylization, as in footnotes for example in a book would always be in superscript.

Easy to make in word, just click on the symbol or text you want to be in superscript, click on Format, Font, and then select superscript, or subscript as the case may be.

I found this one most interesting... "Did you know your Broker works for you? You are paying him, he is NOT paying you. Act accordingly."

Wiser and thinking. Thank you.

I leave much wiser...having read & digested stuff I needed to be reminded of AND as a Bonus, I learned something New about Real Estate Shows!

I thought you could just Capitalize the R in Realtor - didn't know the whole thing needed to be capitalized

DId you know I LOVE random thoughts?

Did you know your Broker works for you? You are paying him, he is NOT paying you. Act accordingly.

Yeah, my efforts do pay his salary, don't they?

Lots I knew, one I preach (REAL-TOR), and some I learned, such as the searchability of Real Estate Shows.

Hi Bryant, yes, fiduciary relationship; kind of like cardinals who mate for life :-) The one thing that always amuses me is how some agents get p o'd when people use three syllables instead of two for REALTOR®. I just can't get my boxers in a knot about it! But you are so right!

Bryant,

Did you know not every escrow closes, so don't spend your money until the fat lady hatches and the eggs sing.

"My eye's a twitchin" Fran

JUL

2007

# 1 but thanks to you.. i know that now..

Did you know....I really liked your did you knows? Thanks for the reminders...the thinking...and the wondering.

My pet peeve is real-a-tor or ree-al-a-tee. Today I had a printer trying to solicit my business. Three times I corrected ree al a tee. At the fourth time the vendor insisted on calling my company "Ree al a tee" I told him I was not in a reality show and that if he wanted to get business from REALTORS and realty he'd best learn how to pronounce the word! He quietly hung up.

what a fabulous post BB!

Creative! lol, I only found one thing to disagree with too...you must be slacking! ;-) Actually, I do disagree with the one about the broker working for the agent. Last I checked, I signed the checks and for the most part, at least, am the one taking on the risk of owning the company. The agent has the choice of whom he/she works for, but unless they get their broker's license and hangs out their own shingle, the State of Missouri tells me that I'm responsible for his/her actions...so they work for me!

Bob Mitchell

ValueList Real Estate Services, inc.

"once had an agent who thought I worked for him. He's selling chairs at Lazy Boy now." Lenn Harley.....Lenn, You're cracking me up again! I think my pint on this one was agents need to remember they are independent contractors and are responsible for their own business. Quit relying on your Broker to feed you.

Judi, Thanks for stopping by.

Brian thanks for coming back and teaching us about super and subscripts. I DIDN"T know that.

Sandi, That broker statement is to set an attitude more than a legality. It's why agents should interview Brokers when looking for a job instead of vice versa.

Thanks Marlene.

Lola, I just found that out about RES today. I was just playing around on Google popped in an address and there it was...map and all. Great discovery!

Ines, you could be right. I didn't check:)

Hi Antionette, Now don't go setting your Broker straight today:)

Sharon, The RES find was pretty darn good. An EXCELLENT product.

Carole, No panty knots for me....just fact.:) Good to see you btw.

Did you know not every escrow closes, so don't spend your money until the fat lady hatches and the eggs sing. Fram Gatti Fran I like this one!!!

Hi Kaye, I figured you knew all that other stuff.

WooHoo Thanks for the teddy bear. I love teddy bears and sleep with one every night. Or NOT.

Bonnie, You know it doesn't bother me much when non REALTORS(R) say it wrong but when you are in the profession.........well GET IT RIGHT!

Thanks Katrina.

Bob......what am I going to do with you? OK I know...........here just for you:)

Hi BB, ok, so you got me on the executed contract. i still ask for them as such (as an appr to a mortgage broker), but nice to know the difference. may i start saying a fully signed and accepted purchase agreement? maybe.

nice format, i think i may need to do one for appraiser, giving you proper credit of course ;)

great stuff.. thanks for sharing Betty, I mean, Bryant ;) i kid, i kid.

ps. i would never steal yours or Lenn's images or intellectual info :)

Haha. So many people called me I was a REAL-A-TOR.

BB,

I like your random thoughts! Learn something new everyday, I did not know that the Fiduciary relationship was for life...thanks for sharing whats in your head! :)

Hmmm, maybe we don't wanna know everything in his head! Sorry BB I couldn't resist :-)

Hi BB! Good List, and hey, I knew all them but 1, how do ya like them apples! I feel smart today! Great reminder post. Give TLW a big hug for me ok? We need to get together sometime before the end of the year.

BB, How does 10 for 15 sound? who wants to be a know-it-all?

Bill Roberts

P.S. but I know what superscript means and subscript too.

I like the bonus thought - go get it! Thanks Bryant, this was a great reminder.

Here is one that I do not know; how to get the little 'r' thingy on the word REALTOR.

Ann, You know I'm not sure...I just type (R) in word and it changes it over. I thought someone had posted the way to do it in the comments but looks like they removed it. I guess that will be something to put in my next list:)

Paula, I liked that one too. We can all use a little motivation and reminder sometimes.

Bill, 10 of 15? Hey that's a 66. That passes(barely). You are good to go:)

Lysa, You ARE smart and we DO need to get together.

3C, you definitely don't want to know everything in my head! It's very scary and confusing up there.

Suzanne, Don't feel bad. A lot of folks don't know that and a lot of folks would not agree it's true. But they'd be wrong:)

Hi Cheryl, Thanks for stopping by.

Nick, What you been up to?

Joshua, If that's the worse thing they call you.....you are doing well:)

Ann, On my laptop I have to go to start-->programs-->accessories-->system tools-->character map. When the character map pops up click on the R and copy it. You can then paste it in the text where you want. Other laptops have a number you can type in when you need the R but mine does not work that way. Leanne Paynter or Kristal Kraft can give the the code numbers for the R as they are the ones that helped me back in the day!

Wow Bonnie...

That is really cool. I guess I should probably spend less time commenting and blogging so that I will know what my p.c. does.

Nah. I am having way too much fun for that...

♀ Hmm. That's very small.

TLW...ROAR!

Bryant, thank you. I did find something cool from reading this. I am actually working on an employment contract for one of my agents and this was helpful.

I also know on a regular PC if you hold down the alt key and type 0174 at the same time then release the alt key you get the R in a circle. People on Realtalk taught me that lol

I am so glad you expounded on the proper pronunciation of Realtor! I hate it when someone says Realator. BTW, I don't have the little "thingie" so I just capitalize it. I also love your take on overpriced listings!

all good

JUL

2007

Hi Bryan,

Good stuff and reminders. I enjoyed Lenn's comment--but I get your drift. Thanks for putting this in front of us, we need reminders occasionally.

Did you know you crack me up? This was my favorite: Did you know REALTOR® only has two syllables? Real---tor. That's it. Where do they get that REAL-a-TOR ? THings that make you go Hmmmmmm....

If you use the ALT button and hit 3 numbers on the number pad of your keyboard you can make all sorts of interesting symbols. For example, if you want to make the degree symbol ALT and 167 = º it is currently 89º in Daytona Beach. I bet the ® symbol is in there too, but if all else fails, cheat! :)

o▐ß☻£ô{AÄ█├Tσ}Ω♥╚╩─ƒ▐~∞║î▌ßΓσΣπ╣║╗╝╜òûùÿ■¢£♠•♂αßΓΓΣσµµΦ§±≤≈ √²■♂♂♀♪§↕→←∟↔▲

OK Lysa - that was cool.....but I give up! there has to be a list

http://tlt.its.psu.edu/suggestions/international/accents/codealt.html

Carole - you Rock! It's ALT + 0174

®®®®® Sorry BB! great tip though!

Once you get in BB head there is no going back! Love this list. I knew them all but it's great!

Ines:

Alt 0169	©	Copyright
Alt 169	®	Registered symbol
Alt 0153	^TM	Trademark

Download the complete list of Alt Codes

® ⌐

Well I'll be dogged, those weren't correct.

Well hey everyone. Thanks for the instructions to make those little "thinga majigies".

OK folks we are minutes away from Friday video time. I'm just waiting on the imbed code. The file was too large for YouTube so had to use veoh.com. They are sloooooooooow!!!! But I hope it will be worth the wait. One of out finest efforts to date!! So stay tuned.

Fun. And I thought REALTOR® was pronounced "real-a-tor." Like "I" talian food and other slaughtered pronunciations. Both it seems require a pronounced supraorbital ridge to say rite, like a neanderthal.

Knew most of the other points. Though did not know that someone who mistook their job relationship with Lenn is working for Lazy Boy now.

Now we got to go check out TLW and see what she's up to.

Thanks

JUL

2007

I see everyone gave answers to the (R) problem. Most software programs, and many web sites will automatically convert the (R) or (r) to the symbol. I wish AR would implement that here.

JUL

2007

If the lack of employment contracts means one is unemployed, then I may not be actually unemployed but definitely UNDERemployed.

Hi Jeff, Thanks for stopping by. I just went over and paid your website and blog a visit . Very nice. I really like the music playing on your blog. Nice touch.

Gary, Just for fun take one on Lenn's maps and put it on your website:) I think sirens start going off.

JUL

2007

As usual, a great post. I always enjoy your posts, they have good information presented in a fun way. Thanks for the entertainment.

JUL

2007

Thanks, Bryant. Enjoy your insights! I was thinking about using Bon Jovi's "Living on a Prayer" for my virtual tours this year. Sounds like your market might be applicable as well.

Thanks! This rates a bookmark!

Jeff, Living on a prayer is about right for my market. Very difficult. But hey I figure it will make me better at what I do. I little adversity is good for you. Plus the competition is dropping off real quick:)

Thanks Mike.

Brad you're welcome!

I like the REAL-TOR pronunciation explanation.

You wouldn't believe, or maybe you would, how many people spell my email address or website incorrectly...

http://robertreesREALITY.com

?Um, it must be the southern accent throwing them off? Wait! Their southern too!

Bryant - Love your blogging skills but whatever you do don't give up your day job as a realtor for a singing career......man that video was terrible!

The holder of a salesperson's license is NOT an agent.

AUG

2007

Robert, For some reason that real--a--tor thjing drives me crazy. Hey I'm as southern as the come and I can pronounce it!!

Bill, That was my American Idol audition. Simon called me bad names:)

Larry, I like that one! In Florida folks throw the agent word around like it was nothing AND we rarely act in an agency capacity. It's confusing to the consumer.

AUG

2007

holy cow, 84 comments on a post without a star. Broker Bryant's got it going on =)

I argued with someone about #2. I think "executed contract" is the most misused term in real estate.

AUG

2007

Hi Maggie, Good to see you. Features aren't what they used to be. It's all about the subscriptions these days. You are right about the "executed contract". That drives me crazy.

AUG

2007

Bryant,

Sometimes your best posts are just random thoughts, please don't stop letting your mind wonder - I love it!

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