Times are tough for real estate agents right now. Here are a few ways to tell if your career in real estate may be in the dumps. When renewing your license with the state Real Estate Commission, they send you a form letter with only one word printed on it, .. “Seriously?” After earning the ABR, ALC, CIPS, CPM, CRS, e-PRO, and GRI professional designations you discover that you can’t earn any C-A-S-H.
. . . → Read More: Top Ten Ways To Tell When Your Real Estate Career Is In The Dumps
Did you know that all disciplinary actions filed by the state of Texas, against a real estate agent, are available to you through the Internet? If you want to find out which Texas agents the Texas Real Estate Commission filed disciplinary actions against you can go to http://www.trec.state.tx.us/complaintsconsumer/DiscipActions.asp. On that site, you can search by month, city or agent name to find what, if any violations have been filed that fall under your search criteria. I recommend that you search this list before hiring any agent, or your complaint could be the next one filed.
. . . → Read More: Want To Know Which Real Estate Agents Are Naughty?
If you’ve been talking with Texas real estate agents, looking for someone to hire, every agent you interviewed should have given you a copy of the “Information of Brokerage Services” form and asked you to sign a copy for their records. By now, you’re probably thinking, “what is this form and why is every agent insistent on my signing it?” First of all, don’t worry, this form doesn’t obligate you to anything and, with the exception of open houses, every real estate agent licensed in Texas is required to present you with a copy of this form on your first meaningful contact with that agent. If an agent you’re interviewing doesn’t show you this form then don’t hire them. If they fail to follow this state mandated requirement, what other disclosures or representation agreements will they forget to show you?
. . . → Read More: Information About Brokerage Services Form Explained In Detail
Homeowners should demand a minimum level of service from their agent before they’re hired. Here are some of the performance level minimums that clients should force their agents to provide. Most homeowners are not aware of what duties a real estate agent performs so it’s really easy for lazy real estate agents to get away with sub-standard performance. That’s why it’s important to let the agent know what you expect before you hire them and let them know that you will terminate the contract if the agent doesn’t meet your minimum levels of service standards. Here are a few of the services you should demand from your agent.
. . . → Read More: Minimum Level Of Service Clients Should Demand From An Agent – The Client’s Bill Of Rights
A few days ago, I got a call from a potential client interested in firing his real estate agent and using our services to hire a better agent. This homeowner was very unhappy with his agent and thought he didn’t do enough to attract buyers to his house. After having the house on the market for about 116 days, the homeowner saw little activity. However, once the homeowner attempted to fire his real estate agent, the agent was able to produce a contract in less than three days. While I don’t like losing potential clients, I am extremely happy that this homeowner was able to sell his house and if this contract doesn’t close, I look forward to helping this client find another agent. But I have to wonder… what happened?
. . . → Read More: Want To Motivate Your Real Estate Agent? Fire Him!
To be successful in selling new-construction houses, you not only need the right real estate agent with a successful history of selling new-construction properties, but you need to keep that real estate agent motivated too. Here’s how you can do it. In today’s new construction residential real estate market, just hiring the same Realtor you’ve always used to sell an entire subdivision of new construction properties is no longer an effective way to sell your speculative properties. To sell new-construction properties in this market you have to do three things, hire real estate agents that are currently selling new-construction properties, use more than one agent, and make your agents compete for additional listings.
. . . → Read More: Motivating Agents To Sell New-Construction Properties Faster
You know beyond a doubt that you are a successful real estate agent. You have been asked by AgentHarvest to give a listing presentation to a homeowner in a neighborhood that you’ve sold lots of houses in. You have done your homework, you know the neighborhood, and you have a great reputation in the real estate industry. Basically this listing is in the bag. However, you discover that you couldn’t be more wrong. The homeowner chose another real estate agent. Where did you go wrong? Why did they choose the another agent?
. . . → Read More: Why Homeowners Choose The Other Real Estate Agent
Thinking about having an open house or creating a virtual tour to sell your home? Be careful not to reveal to much about your house. Not only do open houses, virtual tours, brochures, and MLS pictures attract buyers, but if you reveal too many details, you could be advertising to thieves and burglars too. Thieves love virtual tours and MLS pictures because they can be used to “case” your house from the comfort of the thief’s home. Follow these tips to reduce your exposure and prevent your marketing activities from attracting the wrong type of shopper?
. . . → Read More: Why Burglars Love Open Houses & Virtual Tours
While interviewing multiple real estate agents to find an agent to sell your home, you should never tell those agents anything you wouldn’t want the buyer to know. Why? Because you’ll only be hiring one agent and that’s the only agent that must protect your secrets. The other agents may have buyers waiting to make you an offer and since they represent the buyer’s interests, it’s their job to tell that buyer everything you told that agent if they’re interested in buying your house. Imagine trying to negotiate with a buyer that already knows your bottom line and desperation to sell before he ever sets foot in your house.
. . . → Read More: 4 Things You Must Never Reveal To A Real Estate Agent Until You Hire Them
If you feel you’ve been wronged by your real estate agent, and want to file a complaint against your agent, there are two ways to do it. In Texas, you can file with either the Texas Real Estate Commission (TREC), or the Texas Association of Realtors, or both. The Texas Real Estate Commission accepts written and signed complaints against real estate agents, brokers, inspectors, and unlicensed persons engaging in real estate activities that require licensing by the state. Use this form to file a complaint with TREC. You have to mail it in because they do not accept complaints by e-mail, but other than postage, filing a complaint is free.
. . . → Read More: How To File A Complaint Against A Texas Realtor Or Real Estate Agent