Michael Plaks
EXPLAINED: Tax strategy or an abusive position?
15 September 2024 | 2 replies
Typically the target are professionals who make good money from their W2 jobs or 1099 commissions and are desperately looking for ways to mitigate their crippling taxes.One word I used intentionally was "desperately."
Sam Faas
How to structure a seller financed deal?
14 September 2024 | 20 replies
I'm an agent in Oklahoma and we have a Seller Finance addendum written up by the state real estate commission that functions just like an FHA or Conventional Loan addendum to a sales contract.This is, of course, standard when you purchase a home with bank financing.
Patricia Andriolo-Bull
VRBOs new Terms of Service
12 September 2024 | 17 replies
Subscription just means you pay them a processing fee only and not commission.
Bernard Chouinard
Referral fee agreement?
12 September 2024 | 8 replies
With that said I do see plenty of referral fee agreements online but most are for % of listing agents commission rather than this colleague paying me 3% of the sale price.
Gp G.
sell a property as FSBO(for sale by owner) with as is condition clause
13 September 2024 | 2 replies
You’ll probably end up having to pay any buyer’s agent a commission so you’re really trying to save 1-2% max on your seller’s agent before you pay for advertising, professional photos, doing the open houses and showings and paying to be on the MLS.
Josh Cocker
Advice for Rookie RE: Seller waiving inspection
14 September 2024 | 9 replies
He is a family friend and we have even looked at some off market for sale by seller too that I identified stuff where he wouldn’t even earn a commission and he was happy to investigate for me - more of a looking out for me / family than counting a check (I am not looking for expensive real estate and he has owns the brokerage of 20+ agents, unfortunately my purchase isn’t much of a profit opportunity for the office but would probably be more embarrassing on him if we get something wrong 😂) Noted on the inspection though and I will stipulate it is a deal breaker on my side.
Wyatt Tiffany
Looking to Expand my TN Brokerage to GA
12 September 2024 | 0 replies
Hello, I am looking to expand my brokerage from Chattanooga, TN to North GA but am having some issues with Georgia Real Estate Commission.
Sean Wilt
Post Cards vs. Letters for Lead Gen
12 September 2024 | 4 replies
The commission on that one sale covered a LOT of future postcards.I think the keys to success with postcards is that you need to get the prospect's attention so quickly that he gets the drift as he's picking the postcard up to trash it.
Gp G.
Selling property and 1031 exchange
13 September 2024 | 10 replies
Good morning GP, If your property sells for $300,000, your "net sale price" after deducting your routine selling expenses (brokers commission, title, escrow, closing attorney, documentary transfer tax, etc.) will likely be around $275,000 (ish).
Devin James
New Developments = More Affordable Housing
10 September 2024 | 2 replies
If you want more affordable housing, attend city commission meetings and advocate for approving new developments.