Tag

facilitator

“Licensees, Principals, Subagents & Brokers (Oh, My!)”

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...
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The OTHER Kind of “Comp” in Residential Real Estate (spelled “COMP”)

“Under the Radar” Deals Nine times out of ten, when Realtors refer to a “Comp,” they mean a “Comparable Sold Property” — what agents and appraisers alike rely on to establish fair market value for a given property. So, what’s a “COMP?” An acronym for “Came on Market Pending Sale.” The usual scenario is a private...
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Facilitated Deals and Stealth Comp’s

Under Off the Radar In theory, to do a market analysis for a given home, you (“you” being a Realtor or Appraiser) log on to MLS, and do a search for similar, nearby homes that have sold within the last six months. Those are called “Comp’s,” and the magic number is three, good ones. Step...
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Why 1 Realtor (instead of 2) = 4X the Work

Realtor Role(s):  Conduit, Funnel and Filter What does the picture above depict? If you said, “a tournament bracket,” you’d (also) be right, but what I was actually thinking of is a flowchart showing all the communication that accompanies a typical real estate deal, where both Buyer and Seller have their own Realtor. So, a key part of what...
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When Realtor MLS Statistics are Misleading

Keeping the “Pipeline” Full I’m sure I’m not the only Realtor scratching their head (at least a little) about why their recent MLS statistics belie their crazy work weeks (I’ve been going 70-80 hours a week virtually since February). The explanation? MLS statistics are a lagging indicator. They’re also incomplete. Examples What does MLS track by...
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