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Respond to Tyrell------------------Good Evening Class What is the most important factor in order to avoid problems in your Real Estate career? Why? The most important factor in order to avoid problems in your Real Estate career is by knowing what problems you need to avoid. There is a saying that goes “ignorance is bliss”, when this could not be further from the truth. By knowing what you are capable of getting in trouble for you are able to avoid the pitfalls of getting in trouble. When you are in jeopardy of losing your Real Estate license because of your misconduct, you cannot say “I did not know that was against the rules”. That will not be an acceptable defense. Since you are a working adult in the Real Estate industry and have been trained to conduct real estate transactions, you will be held accountable for your actions. Describe a minimum of (2) two difficult situations you may face in listing and selling Real Estate. Two difficult situations you may face when listing and selling real estate involve both the buyers and sellers of the real estate property. The first is regarding price. The seller is going to always think their property is worth more than it is. With some clients it will be difficult to get them to understand what the true value of their property is, no matter how many times you tell them. Another difficult situation is dealing with lowball offers. Of course buyer want to get the best deal they can out of the transactions. At the same time, you know the sellers and what they will not sell less than. Discuss how you will handle each situation. Provide your rationale to support your response. For the seller, I would sit them down and be realistic with them. No sugarcoating. “Your house is worth this”. I would then show them why I stated their house if the value it is by showing research and comps. For the low-ballers, I would immediately tell them their offer is too low and they need to raise their price. If they refuse, I would present the offer to the seller buy advise them to decline unless the low-ballers can come back with a better offer. I would also tell the low-ballers they have one time to re-offer.   ---------------------------- Respond to Eric------------Hello everyone, today we're answering the question "what is the most important factor in order to avoid problems in your Real Estate career?". One of the most important factors to avoid problems in your real estate career is being ethical and honest in everything you do. It is important to be above reproach, always staying on the right side of business. It is also important to have a business plan, because essentially you will be working for yourself (even while technically working for someone else). When making your plan, make sure to emphasize your goals, both short and long term. You should also surround yourself with a team of people that have the same integrity and drive that you do, and that are strong in areas that you are not as strong. It is equally important to use tools as it is using available resources such as other agents. Tools such as computers are an ever growing problem solver with technology becoming more and more necessary. Describe two difficult situations you may face when listing and selling real estate. Gerhard van Rensburg, the national franchise sales and training executive at Leapfrog Property Group, highlights these challenges: Compliance with all the real estate educational regulations; compliance with all other real estate industry regulations; and earning a good living at the same time. My readings show that another difficult situation you may face is marketing. Marketing, as in "marketing yourself" seems to be a huge hang up for many agents. My suggestion is to lean on the team you have surrounded yourself with and be a sponge of information!
Respond to Tyrell------------------Good Evening Class What is the most important factor in order to avoid problems in your Real Estate career? Why? The most important factor in order to avoid problems in your Real Estate career is by knowing what problems you need to avoid. There is a saying that goes “ignorance is bliss”, when this could not be further from the truth.
Assignment ID
443501
Discipline
CREATED ON
23 March 2018
COMPLETED ON
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