Real Estate

Part 8 of the “Solving the Square Footage Puzzle” series, this session discusses the details of the American Measurement Standard. What is it? Who is it for? Can it really help to protect agents and consumers from square footage liability? Find out how the AMS is changing the “language” of real estate. One method that agents and appraisers can agree on, can change the reliability of the MLS information system.

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Okanogan County Real Estate Broker

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This week I compare and contrast two transactions – one was very smooth, the other not so much. Your mortgage broker is so very critical during your purchase or sale of a home, watch this video to learn more.

Aaron Brown
510-842-SELL

Duration : 0:4:16

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If i move out of State from Georgia to Newyork i heard that i can give my RealEstate Broker limited Power of Attorney with an experation date so that i do not have to wait for the closing.Is this true?Is this safe?

It is common all over the world you can give aspecific power of Attorney for the specific job and time limit get it registered/stamped and keep going. You are safe.*

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Realestate Broker and Author, Carl Agard gives yout he REAL DEAL on Surviving the Housing Crisis. His latest book, Getting the Real our of Real Estate, “How to Survive the Housing Crisis and come out on Top” provides accurate information about what caused the
subprime crisis and where do we go from here?

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The value of a feature that is present in the subject property but not in the comparable property.a: subtracted from sale price of the comparable B: added to sale price of comp C: not a valie variable in priceing the comp. D: none of these

An appraiser may substitute his own opinion in the place of reliable date A: if he has long experience. B: never. C: if requested by a supervisor. D: if it will increase the price of a property.

An appraiser needs A: realestate lisence. B: appraisal license. C: brokers license. D: affiliate brokers license

In the sales comparison approach the probable sales price of a building may be estimated by: A:considering sales of similar properties. B" determining accrued costs. C:determining construction costs. D: considering depreciatin

Which approach would be given the most weight in valuation of a "strip shopping center"? A:cost approch. B:income approach. C: cma D: none

Shouldn’t you do your own homeowrk?

To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam.

Unfortunately over 50% of people that really need to sell their timeshare falls for this resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much, and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).

Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.

There are some free classified ads where you can start posting:

http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/

This is my UNSOLICITED testimonial for RealEstateExpress.com. In just 3 weeks, I completed the entire real estate broker course and passed the Illinois real estate broker licensing exams! In every possible way, RealEstateExpress exceeded my expectations: great prices, outstanding course material, wonderful comprehensive “bonus” materials (such as extra books and math explanations), responsive instructors… Seriously, though, I passed my real estate broker exam in record time and my ONLY preparation was RealEstateExpress’s course. THANK YOU REALESTATEEXPRESS.COM and everybody who works there!

Duration : 0:1:20

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I am currently in a situation where my realestate agent has dropped the ball on many occassions. She blames every fumble on someone else (including me, my wife, and my mortgage broker). Her fumbles, as well as a couple by the mortgage broker, have caused the closing of my house to be pushed back by a few days. This also affects the seller since they can’t close on their new house until we are closed.

My question is, do we as clients have any protection whatsoever from an agent that has really failed miserably? Based on the contract, even if we cancel the contract we still have to pay her if we buy a house within 90 days of termination. How are clients protected from horrible agents or just bad agent mistakes and judgments? Her mistakes have contributed to the possible loss of the house and serious delays in closing. There have been may more fumbles along the way.
The main fumbles have to do with communication and education.

I will also say I am sure I made fumbles as well, but I rely on the "professional" to tell me what I am doing wrong or where I may slow things down.

- We were offered some repair money. My real estate agent stated we could find a way to get the repair money out of contract so I could take the money and do the repairs myself. Therefore doing more for less. When it was realized this couldn’t be done she quickly said "Well, the buyer brought it up so I was just checking." She planted that seed and now I find out that can be related to mortgage fraud.

- The closing date was relying on contractor invoices, but due to her trying to find a better way, we didn’t get those done (my fumble, as I was relying on her information). We found out 2 days before closing that it couldn’t be done and this was after she said the seller agreed to it. So we had to scramble.

The others basically include VERY poor communication.
And you make a very good point about closing. I was under the impression a real estate agent was there to hold your hand during the entire process, including making sure closing and everything needed happened on time.

I can find a house on my own, I need someone that can help me through the rest of the process. If that isn’t what agents are for, then there is a much larger problem with the industry.
BTW, let me say. You guys have been great helping out! Thank you very much.

I cannot think of anything the buyer’s Realtor might do, or not do, that would delay the closing. Please give some more information.

If it is found that the agent has caused you financial loss through a mistake on their part, they do carry error and omission insurance to cover the mistake. However, I still am not clear on what they could have done that leas to the situation you are describing.