Podcasts about agency disclosure

A Real Estate Agent's Guide to Performing a Comparative Market Analysis. Get a lead and set your first meeting with them. Reasearch the home before this meeting. Be ready to answer all questions about the process and the home from the seller. Set up your Agency Disclosure Form and your Marketing Presentation. Go to your first meeting and get your Agency Disclosure signed. This is a must here in Massachusetts. Tour the home, ask questions, and pay attention to the seller when walking around. Ask what the seller has in mind for a price. Talk about yourself, your Marketing Plan, and best points about your services. Schedule another meeting a few days away and go create the CMA. Do your homework, research more, and know the property and market at that moment. If you look and sound like you are prepared and knowledgeable on the property and the history of sales in the area then you will land more listings.

Prices are up, volume is down, buyers are exhausted and sellers are...? A smaller pie can cause some awful table manners, and all of this is causing some agents to behave very badly indeed. Welcome to this week’s episode of Escrow Out Loud, our San Francisco Real Estate podcast.[00:20] House prices continue their rise in 2018. The median sale price has doubled since 2013 and now sits at 1.61 million dollars. Doing the math, this means that in order to afford a mid-priced home in SF one needs to have a down-payment of 300k and an annual income of about $300,000. However. Let’s not forget that in the current market a 20% down payment regularly gets beat by much larger down payments or all cash offers. This is a difficult market for buyers. So difficult in fact, that we know at least one agent who currently only works with sellers.[03:08] So, what is some advice we can share? Most importantly, be realistic, and do not engage in magical thinking! That reminds us of one of our previous episodes: Opportunity or Offal, Off-MLS Sales in San Francisco. Buying a home is a very personal, emotional journey. It is understandable for buyers to want to fall in love with, what will potentially become, their new home. But in this market, the competition is fierce and sometimes there will be disappointment. So, try not get too attached.[06:26] With properties always selling for figures well above the asking price. What is the right way to price properties? If the advertised price is set artificially low, trying to guess what that real figure will be can be infuriating. We discuss the arguments for pricing realistically vs pricing for an assumed markup on the advertised price.[10:30] This is one of the great things about being a team, where agents can have an honest conversation about listings and offer an additional perspective when trying to gauge property values. This brings us to our next point and this is one we have dedicated a previous podcast episode to: Agents Behaving Badly. With so many sellers leaving and there being a limited amount of business to go around at the moment, agents are perhaps engaging in behaviors they wouldn’t otherwise. An example of this are pre-emptive offers. Do we have to present all offers if get them? Find the answer to that question in Ep15: Discriminating Sellers: Sell Only to Short People or Offers Anytime? This also ties into the Agency Disclosure episode.Thank you for joining us for this week’s episode. We hope you enjoyed tuning in and join us again next week for more San Francisco real estate stories! See acast.com/privacy for privacy and opt-out information.

Loyalty, confidentiality and the exercise of the utmost care are just a few of our duties to our clients, what are some others? This week on Escrow Out Loud, our San Francisco Real Estate podcast, we talk about one of the most important, and at the same time least understood, concepts in real estate – agency relationships.Welcome and hello to our new listeners, you might want to Begin at the Beginning, otherwise, we jump in with a look at real estate agency -  what an agent does and what our fiduciary duties entail. Now that we know what an agent does, let’s talk about who they do it for. There are three types of agency relationships in California, but keep in mind that this does differ by state. Britton gives an overview of buyer agency, seller agency, and dual agency.People often think dual-agency means that both the buyer and the seller must be working with the same individual i.e, the same exact person with the same exact face! Britton and Matt myth-bust this assumption for us! They explain that the fiduciary relationship goes a level higher than that; the agency relationship is not with an individual agent, it is with the brokerage that holds the license for that agent.A real-world example:  if two different real estate agents from the same brokerage are involved, one representing the seller and the other the buyer, the relationship is dual-agency. This is quite common and is perfectly legal in California but it must be disclosed and accepted. While we are on the subject of agency relationships we also explain the three parts in an agency process relationship; disclosure, election and confirmation.Finally, how important is the selection of an agent in the process of buying a house? A home is one of the biggest assets you are likely to ever purchase. It makes sense then, to take time in selecting the best people to work with and to have advising you throughout this process, right?Matt and Britton take us back to a time when information wasn’t so readily available on the internet and share their own experiences in buying their first houses! Back then listings were sent through to them using something called a fax machine and people engaged with an agent much earlier in the process than they do today.We hope you enjoyed this week’s episode and picked up some new information about agency relationships.Next week, tune in as we talk about all things offers!Important Reminder: We aren't attorneys! We can't give you legal advice and this isn't legal advice. If you need a real estate attorney or have a legal question we can suggest some legal resources, but our podcast isn't a legal resource. See acast.com/privacy for privacy and opt-out information.