Blog
Managing Short Sales
Short sales don’t happen every day, but they’re relatively common in real estate. Some sellers who struggle to pay their mortgages will take a lower price for their property in an effort to avoid foreclosure. Like many aspects of real estate, short sales can pose some risks to you as the real estate agent, andRead More
Managing the Risks of Facebook® Live
With 2.5 billion monthly active users, Facebook offers a wealth of opportunity for your real estate business. More than 1.6 billion Facebook users log on daily and those statistics are increasing year-over-year. Videos on Facebook can be an especially effective marketing tool in your real estate business. More than 85% of businesses on Facebook usedRead More
COVID-19: Moving your Real Estate Business Forward
There’s no doubt the world right now is different from the world we lived in just last year. COVID-19 is impacting the economy in the United States and around the globe. The impact on families, business, and employment is especially devastating at this time. The real estate industry is adapting and changing as conditions aroundRead More
Avoiding a Conflict of Interest Situation at Your Real Estate Brokerage
Real estate professionals can find themselves facing a lawsuit for any number of reasons. Conflicts of interest situations are one of those reasons — especially if you have a conflict of interest, and you don’t declare it. Real estate agents have a fiduciary obligation to each client, so there’s an expectation that client interests willRead More
How to Avoid Income Discrimination Lawsuits as a Property Manager
Property managers need to be especially aware of income discrimination situations, especially with new laws in California about rent control and source of income issues. (Be sure to check on specific laws about income discrimination in your state.) Have you ever had a potential tenant that you worried couldn’t make the rent? How can youRead More
Selling Homes During Extreme Heat Conditions
The summer home-selling season is only months away — and with it comes risks to your business when selling homes during extreme heat conditions. 2019 saw the United States grapple with significant heatwaves across the country. As temperatures soared, major events such as the New York City triathlon were canceled. Record temperatures caused disruption toRead More
Selling Properties with a Pool or Spa
With the summer months coming, properties with pools and spas can be attractive f to buyers. In some states, like California and Florida, they’re almost as standard as bathrooms and kitchens. The National Association of REALTORS® suggests that homes with pools are valued more than 50% higher than those without one. Selling homes with poolsRead More
CARES Act—5 Tips to Help Your Real Estate Clients
April 1, 2020—As the COVID-19 situation continues to evolve around the world, it continues to affect the real estate industry in a myriad of ways. The recently signed CARES Act has provisions that may help you and your real estate clients through the financial impact of the pandemic. These provisions include recovery benefit payments ofRead More
How to Avoid a Lawsuit When Acting as an Agent for an Auctioned Property
Managing client expectations can be a challenge at the best of times. When you’re acting as a seller’s or buyer’s agent for an auctioned property, it can be even more difficult. The auction process is fast, and it’s an intense process. Sometimes things can go awry, and even good real estate agents can find themselvesRead More
How to Manage a Downturn in Your Real Estate Business
Whether it’s a recession, an industry bubble bursting, a global pandemic, or some other crisis, the real estate industry is a susceptible market to downturns. Ideally, the time to prepare for a downturn is before it happens. That might mean diversifying your business, building a slush fund, setting up sustainable systems, etc. Whether you preparedRead More