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This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
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AR's community takes the time to leave honest and transparent reviews of their experiences
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Each month AR runs numerous contests as a way for our members to engage in activities
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Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
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Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
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Consumers peruse these pages for information
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Are they part time or full time? Did you ask? How many transactions did they do last year? Do you think it is important to know a little about your agent before you sign a contract with them?
Salesperson - someone who has 60 hours of education and passed the state and national real estate exam but not yet joined their local Realtor association and taken an ethics class required by the National Association of Realtors yet. All hours of study are per the PA real estate commission.
Realtor - someone who has 60 hours of education, passed the real estate exam both at state and national levels, joined the National Association of Realtors and completed the course offered on ethics and pledged to uphold it.
Associate Broker/Broker 240 hours of study, 3 years experience as a salesperson (see qualifications above), passing of a state and national exam, can also be a Realtor, but may not be depending on their brokerage requirements. An Associate Broker works in a firm that already has a broker of record so is known as an associate broker. Many commercial agents call themselves Brokers.
Consultant and Real Estate Agent, in PA there is no requirement, other than they would need to be a salesperson and abide by those rules per the Real Estate Commission.
All of these people may work part or full time, why does that matter? Part of the rules for presenting an offer, any offer is that it be presented as soon as possible to the owner. If your agent works part time you may not get that offer quickly enough if the buyer changes their mind or sees another house and it may get withdrawn before you see it. This applies to agents who don't work weekends as well, why give a buyer an opportunity to withdraw their offer before it gets presented?
How many transactions have they done? The more you do, the more experienced you are, the more problems you have dealt with, the more negotiations you have been involved in. How many is enough? It depends, you want someone who is able to support themselves doing real estate, and who has experience, especially in negotiations but you may not want someone who does so many transactions that they get over-confident. This is your call.
So next time you are thinking of using an agent ask a few questions, especially about what they bring to the table and how experienced they are at negotiations because today in real estate negotiations are at every level of the deal, from the terms of the offer, to inspections to appraisal issues and you want someone who can offer different suggestions and is not just going to be a stone wall to the deal being completed.
This week I passed my broker exams after several months of studying and completing classes. I have learnt a lot, and every deal I do adds to my experience, I have been negotiating for more than 30 years in real estate and before when I ran my own business as an antique dealer. To me the added knowledge I bring to the table as an "associate broker" is added value for my clients. I am looking forward to using my new knowledge and if you are thinking of buying or selling real estate along the Main Line in Philadelphia I would love to represent you and bring that knowledge and my energy to work for you.
If you are buying or selling on or around the Main Line we can help you, contact us or connect
Feel free to subscribe to our blog to stay up to date with our latest posts and information on the Main Line Real Estate Market.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.