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This appeared in the April/May issue of Commonwealth magazine.
With more and more electronic communication being done in public — the “social” part of social media — you’ll find that you can never really remove your Realtor hat. That means you need to be extra careful when you’re writing an e-mail, crafting a blog post, or replying to a tweet.
Smoking won’t just kill you — it can also kill a sale. So says a survey of Ontario real estate agents, who found that more than 80% of potential buyers would be either “unlikely” or entirely unwilling to buy a home where smokers had lived.
And when the house does sell? The study found that a house could see a 30 percent price drop (!) if it smelled of cigarettes.
All right, so what’s to be done if you’re trying to sell a smoker’s home? After reviewing far too many pages of tips, these seem to be your best bets for removing as much of the odor as possible.
“The rent is too damn high” — add that to the growing list of reasons we’re going to see a boatload of new buyers entering the market in the next few years. That’s a reasonable conclusion from new Census Bureau data.
When the housing market collapsed, a lot of folks had to leave homes they could no longer afford — often because of foreclosure or short sales. They became renters, in part simply because their credit ratings took a big hit.
This is a reminder — but an important one — about post-licensing curriculum changes. (It will mostly affect new real estate licensees, but brokers need to remember it.)
The PL curriculum is changing from three tracks (residential, property management, commercial) to a single-track system.
- The old system will be in place until December 31, 2013.
- The new system will be available starting July 1, 2013.
The overlap is what’s important.
VAR's Blake Hegeman discusses the perennial favorite topic: what goes down when agents leave or change firms?
Questions answered include:
- What happens if an agent leaves a firm when they have a deal pending?
- Can you still be paid while in transition to another firm?
- Where does the payment come from in those instances?
The good folks at DPOR are working hard to get your license paperwork processed — applications, transfers, and the like.
We’ve already given you some tips on how to speed that process; we’ve got some more info to pass on.
Don’t call DPOR and ask for the status of your license. No one there can give it to you.
Question: Listing agents must disclose material adverse facts pertaining to the physical condition of the property of which they have actual knowledge to the buyer. Do I as the listing agent have a duty to discover these facts? For example, am I required to investigate whether a house has defective piping?
Curious about how the Virginia real estate agency law came around in the mid-90s? Wondering why the changes are happening now? Roanoke Realtor® Steve Hoover – an expert on Agency Law in Virginia – explains some of the history behind the Virginia agency law. Here's a hint: they didn't just fall out of the sky. Realtors® just like you worked long and hard to determine the best solutions to some very real issues on both consumer and Realtor® sides.