Author Archive for: Admin
Entries by Admin
Real Estate Commission Paid Faster
Which 100% Commission Real Estate Company Pays the Fastest? At Balboa Real Estate, if your file is complete at closing or you use our in-house transaction coordinator then you can be paid directly from escrow at closing. Otherwise, escrow sends a commission check or wire to the office. In the many years that I have […]
#1 Common Mistake with the Referral Fee Agreement
Avoid the top mistake agents make on a referral fee agreement. It all begins as to how the referral fee agreement is structured. The form stipulates the fee to be paid to the referring broker is based off of the gross commission earned. Now, this verbiage is important and necessary because it protects the referring […]
What is 100% Commission Real Estate?
What is hundred percent commission real estate? (Transcription) This concept was popularized and entered the mainstream over ten years ago and since then it’s evolved and has changed somewhat. Before 100 percent commission was part of the mainstream program that an agent could get a real estate company. The big talk was about splits, so […]
Contingencies Stay Active Until The Buyer Removes Them in Writing
Contingenices Don’t Expire Automatically, They Must Be Removed Contingencies stay in place until they’re removed by the buyer in a contingency removal form. So the three big buyer contingencies are the inspection period, the loan period, and then the appraisal period. Default verbiage in a CAR purchase agreement or an oorp.org purchase agreement has 17 […]
How to Complete a Residential Purchase Agreement Tutorial
The tutorial is not done on a CAR RPA form because CAR does not allow their forms to be used in a public forum. I obtained this form from www.OORP.org. Although it is different than than the CAR RPA, it contains the same terms that are customary to any California Real Estate transaction.
3 Rules To Find Prospects and Convert Them to Clients in Real Estate
There are three rules to recruiting and converting prospects in real estate. 1. Meet as many people as possible. You can do this onlinethrough online marketing, you can send mail, or you can meet in person. It doesn’t matter how. It’s whatever you’re comfortable with is what’s important. You need to get your name and […]
Customary Allocation of Title and Escrow Fees For Each California County
In Southern California, the seller typically pays for the owner’s title policy, and the county transfer tax. In Northern California, it varies county by county. Below is a guide for which party pays which fees throughout California. Please CLICK HERE or the image below.
California Real Estate Transaction Checklist
What Real Estate Forms Are Required on a Transaction Checklist? Any reputable California real estate brokerage is going furnish their agents with a closing checklist with all the documents needed to complete the file. It’s important to note that what a brokerage requires and what is legally required are two different things. The California Association […]
What is Limited Function Referral Office Certification or LFRO Agent Status?
Limited Function Referral Office Certification or LFRO is a designation for real estate licensees that aren’t members of the association of realtors, but want to hang their license with a broker that is a full realtor member. The implication is that the non-member agents is considered a “referral agent” and they are not expected to […]
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