Who’s on First?” ” Real Estate Edition [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Exactly what role(s) do licensees, principals, agents, subagents, brokers, dual agents, and facilitators play...Read More
Sure, sure, Realtors show support for their colleagues any number of ways. They include: —Offering price opinions on about-to-be-listed homes; —Offering price opinions on homes that are already on the market (and not selling) ” plus, ideally, some marketing suggestions. —Simply offering a sympathetic (and discreet) ear when a colleague is wrestling with a challenging...Read More
Porsches, Picasso’s, and Stradivariuses A Steinway piano is a hand-made marvel, full of intricate detail and workmanship, sought by collectors and valued accordingly. A true “piece of work,” one might even say. Ditto such treasures as a Stradivarius violin, a Picasso painting, a Porsche sports car, and a Rolex watch. So . . . how...Read More
“Bookends” at Beginning, End of Loan Process [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] As anyone who’s recently bought or sold a home in Minnesota knows, a Pre-approval...Read More
“DOM” vs. “CDOM” vs. “PDOM” Unbeknownst to non-Realtors, there are not one but THREE different ways to count the number of days a given “For Sale” home has been the market. According to the Multiple Listing Service (“MLS”), they are: One. Days on Market (“DOM”): the number of days the current listing has been on the...Read More
Doesn’t “FD” Stand for “Fire Department?” “Things should be made as simple as possible ” but not simpler.” —Albert Einstein I’m all for making things simpler when it comes to real estate terminology. But, there comes a point where it . . . becomes kind of silly. Exhibit A: showing instructions that refer to the...Read More
