regina brown: What is a TC? A Transaction Coordinator is at the Heart of every Closing!
- 04/19/12 04:52 AM
A Transaction Coordinator (TC) is a person who manages all the paperwork required in a transaction, from listing through to closing. She is trained on legal compliance so she know what disclosures to send out, what documents must be signed when, and sets the deadline dates based on the contract. As you know, top salespeople are NOT good at doing paperwork, so they rely heavily on a TC. She is the person who reviews all the documents, compiles them in the file, and prepares the file for final Broker verification. Most of the transactions are being managed online nowadays, so the … (10 comments)
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regina brown: What Would You Do with NAR Designations?
- 01/28/12 09:59 AM
Wow! There are 26 (or more) NAR designations from the National Association of Realtors®, and it's easy to get lost in the alphabet soup of abbreviations. How many designations do you have? And how have they helped you increase your business and earn a profit? Do your designations make you more professional? Here's a list from the www.Realtor.org web site, along with the full title so you can decipher all those abbreviations:
ABR (Accredited Buyer Representative) ABRM (Accredited Buyer Representative Manager) AHWD (At Home With Diversity) ALC (Accredited Land Consultant) ARM (Accredited Residential Manager) BPOR (Broker Price Opinion Resource) CAM … (11 comments)
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regina brown: Got Radon? It's a poisonous gas and could be seeping into YOUR home!
- 06/13/11 08:20 AM
Get a Natural Hazard Disclosure Report from GeoAssurance to see statistics on Radon in your zip code! Radon is a serious issue in many areas of California according to the Department of Health Services (DHS) statistics. According to the Environmental Protection Agency (EPA), it's the second leading cause of lung cancer in the United States! And yet, it's easy to mitigate by sealing around pipes and cracks in floors and venting crawl spaces. The DHS defines Radon as a colorless, odorless, and tasteless radioactive gas produced by the decay of trace amounts of uranium occurring naturally in soils. The EPA … (3 comments)
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regina brown: California Home Sales Stats: Condos and Single-Family Residences JUMP UP
- 04/02/10 06:02 AM
Data just released from the California Association of Realtors:
February 2010 Regional Sales and Price Activity*Regional and Condo Sales Data Not Seasonally Adjusted
na - not availabler - revised
Source: CALIFORNIA ASSOCIATION OF REALTORS®
Regina P. Brown
… (0 comments)
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regina brown: 100% Financing is still AVAILABLE through USDA Loan Program
- 04/02/10 05:26 AM
The USDA loan program allows for 100% financing in qualified rural areas and cities. In California on the central coast, the cities of Atascadero and Nipomo qualify, and certain parts of Paso Robles.
Individual properties can be checked for eligibility at the USDA website as well as product guidelines pertaining to borrowers needed income and assets at:
http://www.rurdev.usda.gov/RHS/ Benefits:
minimal to no money down 30 year fixed no prepay no mortgage insurance This program is a great first time home buyer tool because it allows for minimal to no money down. The loan is a 30 year fixed, with no prepay, … (5 comments)
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regina brown: Judgment Secured Against False Loan Mod Companies
- 04/02/10 05:12 AM
HOT OFF THE PRESS FROM THE CALIFORNIA ASSOCIATION OF REALTORS NEWS RELEASE:
Judgment secured against false loan mod companies Attorney General Edmund G. Brown this week closed two fraudulent foreclosure-assistance companies--U.S. Foreclosure Relief Corp. and H.E. Servicing, Inc.--and secured a court judgment of more than $1 million in restitution for homeowners who paid upfront fees for nonexistent loan-modification services.
Under the judgment, a court-appointed independent receiver will oversee the repayment program, which will be paid through frozen company funds and the sale of personal items owned by the executives of the companies. Victims can access more information about this program … (0 comments)
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regina brown: Can’t Open .docx or .xlsx Files? Free Document Conversion HERE
- 03/21/10 06:50 PM
When I was using an older version of Word, I had the same problem too. I would receive a .docx file (created in Microsoft 2007 or later version) and then when I tried to open it, I got an error message. I would have to ask the sender to re-send as .doc files since I had Microsoft 2003.
You can now convert DOCX to DOC and open them with your lower version of Microsoft Word or Microsoft Office. With your licensed Windows operating system, follow the steps below:
To convert .DOCX documents to the .DOC file format is to download the … (10 comments)
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regina brown: Realtors®: When should you REJECT an Offer? QUIZ TIME!!
- 02/27/10 04:51 AM
As a listing agent, you receive an offer on your listing. You should reject the offer when:
The offer doesn't make sense or seem reasonable It looks illegal You don't like the buyer's agent Your commission is too low NEVER Yes, this is a trick question! The correct answer is #5, NEVER. Why? You should never, ever reject an offer. Because YOU are not the Seller. Your fiduciary duty is to present every offer to your Seller.
So what should you do when you receive an offer?
1. Take a notepad and pen and sit down with the offer. Read the entire … (12 comments)
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regina brown: Start your own Radio Show!
- 01/25/10 02:20 PM
Who else has an online radio show? This is a really cool tech tool that you can use to promote yourself, your business, or a good cause.
I just signed up for my own free radio show at Blog Talk Radio at:
http://www.blogtalkradio.com/bizwiz
The focus is going to be small business, virtual office, and working from home. I'm still learning how to use it but I'll post more info as I find out various features.
Anyway else host a radio show at BlogTalkRadio? If so, I'd like to connect!
THANKS,
Regina P. Brown
Broker, Realtor®, e-Pro
Author of forthcoming book, "Virtual Office … (15 comments)
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regina brown: Step D. Reference Files in File Cabinet
- 01/15/10 01:44 PM
"...Continuation of "Organize your Office" series to get a Fresh Start for 2010! "
D. Reference Files in File Cabinet
These are files that you won't need often, but nonetheless are important files. These permanent files should be kept in an accessible file cabinet at all times. Clean them out occasionally.
Filing Cabinets - Permanent References
Personal
House / Property (insurance policies, contracts, loans) - separate file for each property Automobiles (insurance policies, contracts, loans) - separate file for each automobile Bank Accounts (terms, contracts, safe deposit box info) Credit Accounts (all contracts, including credit cards & phones) Health Insurance policies … (3 comments)
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regina brown: Step A. Incoming Sorting System
- 01/12/10 04:02 AM
...Continuation of "Organize your Office" series to get a Fresh Start for 2010!
A desk can get quickly buried in incoming mail, papers, receipts, business cards, bills, and notes to yourself. Instead, use an IN box and sort from there. If you have time, sort out your incoming papers every day. If not, dump everything into an IN shoebox and sort it once per week.
A. Incoming Sorting System
1. Put a shallow "IN" box or shoebox near your desk.
2. Put trash 3 bins nearby and label with large labels on all sides:
Trash bin Recycle bin Shred bin 3. … (13 comments)
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regina brown: Fresh Start in 2010 - Organize your Desk & Files
- 01/11/10 04:14 PM
Here is my system for quick and simple end-of-year tax filing. Using this system, I have current profit-and-loss calculations available at any time. As a big bonus, I complete my bookkeeping by December 31st each year — my business deductions are ready for my accountant to prepare my tax return early!
When you have a simple system and make a good habit of sorting frequently, you will feel less stressed, less overwhelmed, and much more productive. Not to mention that you’ll probably save a few hours each week by NOT having to search for “lost” stuff! Any time you need something … (8 comments)
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regina brown: Does your new EXERCISE MACHINE make you SKINNY?
- 01/09/10 09:34 AM
In previewing homes for sale, I see exercise equipment in all kinds of stages and uses: turned into a clothes hanger, used as a play-gym for kids, buried under piles of seen-on-tv gadgets, and cob-webbed in the garage. If you were to ask the owner, "Does your new EXERCISE MACHINE make you SKINNY?" they would have to respond NO. Because an exercise machine, whether assembled or in the box, cannot MAKE anyone exercise. To get "SKINNY", or in shape, the user must USE the machine!!
Often I am asked, "Does online networking make you money?" And I have to say NO. Having a … (15 comments)
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regina brown: Short Sale Flips: EVIL PROFITS or CRITICAL TO ECONOMIC RECOVERY?
- 12/02/09 06:30 AM
Those evil Short Sale Flippers! How dare those greedy Investors make a Profit! It's amazing the "bad rap" that some real estate investors are getting. Here's the article that was posted online in the Washington Independent online newspaper:
http://washingtonindependent.com/69107/mortgage-fraud-threatens-housing-rebound
I agree with the author, that some transactions can be fraud. The fraud can come in HIDING the flip transaction, or HIDING the parties involved. The first rule we learn in real estate practice is DISCLOSURE, DISCLOSURE, DISCLOSURE. That is why I work with investors who have put together a comprehensive, proprietary system that is completely transparent to all parties and complies with all regulations and laws.
… (16 comments)
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regina brown: Want more comments? Get Featured on our "Virtual Office" Group!
- 06/14/09 08:25 PM
Want more comments (and therefore more blog points)? It's easy! Just get featured on our ActiveRain Virtual Office Blog.
Just join your fellow AR members here in the ‘Rain! I will be happy to feature your blog on our "Virtual Office" group.
If you write a great blog and would like it to be featured on our group, please post it to the group, and then send me an email. I rotate featured blogs several times per week to try to give all group members an opportunity to have a feature here.
The steps are:
Join our AR Virtual Office group: http://activerain.com/groups/virtualoffice Post … (14 comments)
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regina brown: Got a Problem? Resolve it in a Professional Manner
- 06/14/09 06:58 PM
Don't you just hate it when someone posts slander or gossip about you in an online public forum? Well, if they're professionals, they shouldn't. Why?
Because professionals have the courtesy to approach others directly. Professionals, like us ActiveRain members, don't back-bite, gossip, slander, act passive/agressive, be a "sissy" by not confronting people, or whatever you want to call it.
So what do you do when you have an issue with an ActiveRain member or a colleague? How should you vent your complaint?
Go to the person -- phone works best (email is often taken out of context because there's no tone). State your concerns in … (12 comments)
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regina brown: What exactly is a Virtual Office? Isn't that the same as a Virtual Assistant?
- 06/14/09 04:57 PM
No.
A Virtual Office? Is NOT the same as a Virtual Assistant.
I'm writing a guide book, even as we speak. It's called "Virtual Office Guide for Business Professionals: Work & Prosper from your Home or Mobile Office".
When people hear the title of the book, some ask, "You mean it's a book about how to hire a Virtual Assistant?" Or some ask, "Does the book teach you how to work as a Virtual Assistant?"
No, my book has nothing to do with Virtual Assistants (VA's). VA's are professionals who assist other professionals, often from a remote location. Sort of like … (8 comments)
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regina brown: e-Signed docs: DocuSign or Adobe Acrobat Signatures?
- 06/14/09 04:56 PM
Both are great ways to sign documents electronically. Online, that is. We're talking about paperless transactions. Working from your virtual office (which can be your home-based business or your mobile office from anywhere in the world).
The great thing about DocuSign is that YOU, the real estate professional, can sign your docs; then put "sticky notes" for your clients to sign; and THEY can read & sign online too! Without ever printing out a single paper. On the "down" side, you have to pay a monthly or annual fee to continue using the service.
Here's a sample signature from DocuSign:
At the … (10 comments)
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regina brown: Excuse me, What's a NEG AM loan? And how does it affect our Economy?
- 06/14/09 04:39 PM
My favorite client "Kenton", a young college grad and shopping for a first-time buyer home, and I were discussing types of mortage loans.
I advised him to steer clear of the "Pick a Payment" types of mortage loans. What's a Pick-a- Payment??? That's one of those real estate "insider" industry terms.
Well, I explained, Countrywide and other mortgage lenders offer some loans in which the borrower can select their payment every month, and choose between:
Full payment of principal + interest, which is fully amortized and will be paid off in 30 years. Full payment of principal + interest + extra … (1 comments)
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regina brown: Do you have an "Outlet for Retiring"? My Green Parachute does!
- 06/14/09 04:16 PM
My Realtor® friend called to tell me some great news. She shared that she just passed her Broker's license a few months ago, and now will be opening her own real estate office!
But, she said, there was a problem with her career. She was depending on her real estate investments as her retirement. Slowly, over the past few years, she has been buying real estate, tucking away her earnings as big downpayments on rental homes.
Well, we all know what happened to the real estate market these past 2 years. And real estate investors are feeling the pinch too. With her income … (9 comments)
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A Transaction Coordinator (TC) is a person who manages all the paperwork required in a transaction, from listing through to closing. She is trained on legal compliance so she know what disclosures to send out, what documents must be signed when, and sets the deadline dates based on the contract. As you know, top salespeople are NOT good at doing paperwork, so they rely heavily on a TC. She is the person who reviews all the documents, compiles them in the file, and prepares the file for final Broker verification. Most of the transactions are being managed online nowadays, so the … (10 comments)
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