Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
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
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
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Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
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Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
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.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
What does “BOMK” mean? We have lots of acronyms in our business.
We have a status in our multiple listing service called “Back On The Market” or BOMK. It indicates that a property was in “Pending” status but no longer is. In other words, the sale transaction to the previous buyer is no longer viable for some reason and the property is back on the market. Sometimes the reason is mentioned in the mls but not always.
Why would a property be “BOMK”? We often see a notation in the mls that a property is Bank On The Market through no fault of the property. The suggestion is that the failure of the transaction is the fault of the buyer. The listing agent would like other prospective buyers to know that the buyer failed and the property is still a worthy property.
Maybe the buyer could not get a loan. Perhaps there was an appraisal problem. Perhaps the buyer failed to meet the lender’s approval criteria after all of the buyer’s financial documents had been examined. Perhaps the buyer made the unfortunate mistake of deciding to buy a new washer and dryer for their new house and charged the purchases – thus changing their debt ratio and/or credit score to numbers that the lender found unacceptable. Perhaps the buyer lost their job – no income, no loan approval!
Perhaps the buyer tried to renegotiate the purchase price and the seller would not agree. If the appraisal amount fell short of the contract price the buyer may refuse to pay the original price. Depending on the contract language, that can also be a deal killer.
The property inspections, roof inspections, pest inspections, pool inspections, and/or other inspections can turn up information about the property that is unacceptable to the buyer. Some property problems can be cured but a buyer might expect the seller to provide the cure. Such issues are negotiable but negotiations do not always end satisfactorily. Property condition is sometimes a deal killer. If a buyer is insistent that certain repairs need to be made before he/she completes the purchase and the seller refuses to make the repairs, the buyer can cancel the purchase.
A natural hazard disclosure report, a disclosure by the seller or other material information disclosed to the buyer might also cause the transaction to fail.
In the case of a purchase in a community which has a homeowners association, a purchase can fail because of information about the HOA. For instance, many lenders will refuse to lend on a property in a HOA community in which the HOA itself is in financial difficulty. No loan, no purchase and the property will be BOMK.
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.