A buyer’s REALTOR is legally obligated to operate at all times in the best interest of the buyer. A listing, or “seller’s” REALTOR has similar responsibilities, only with the seller’s concerns at the forefront. And if a REALTOR represents both the buyer and seller in negotiations, this is known as multiple representation.
Real estate professionals are required to disclose ...
Posted by Constantine Isslamow
on October 25, 2009
Basic Definitions
Mortgage
A long-term loan primarily for the purpose of buying a home. A mortgage is a legal agreement in which the borrower pledges the property being purchased as security for the loan.
Principal
The amount of the loan - the cash you actually borrow.
Term
The number of months or years the mortgage covers. Normally, it will be anywhere ...
Posted by Constantine Isslamow
on October 25, 2009
A career in real estate is for people who enjoy helping people. You also like:
Flexibility in your schedule
Variety in your day
Being connected to the world with tools and technology like cell phones, PDAs, and laptop computers
Trading in real estate is a dynamic career choice, with market conditions and legislation constantly changing. Life-long learning is essential to retaining your edge. ...
Posted by Constantine Isslamow
on October 25, 2009
With the fall season approaching, many Canadians will be preparing their backyards for winter. From raking fall leaves to preparing soil beds for the next planting season, there are lots of great opportunities to get out and enjoy the last bit of sunshine.
While you are out in the yard this fall, why not take some time to also make your home a little safer for you and your family?
Measure your ...
Posted by Constantine Isslamow
on October 25, 2009
Its where families share meals, cookies are baked and memories are created. It can also be a place where accidents happen.
The Local Experts wants to help keep your family safe, so all your memories are fond ones.
This checklist for your kitchen and bath will highlight common hazards that are prevalent in many homes. Take note and prevent future accidents in your home.
Know what’s cooking ...
Posted by Constantine Isslamow
on October 25, 2009
Do you have emergency numbers next to the phone?
Is there a stepladder handy?
Are electrical outlets exposed?
They can be covered if unused. Are extension cords frayed? Replace them.
Do you check electrical outlets to be sure they’re not overloaded?
Do you know where the circuit breaker or fuse box is?
Do you have spares?
Do you know how to turn off the electricity and ...
Posted by Constantine Isslamow
on October 25, 2009
LISTING STRATEGIES (14)
Steps 11 of the listing presentation.
Present your value proposition based on the expectations of the seller:
The seller has told you what is important to them and what their expectations are of a real estate Sales Representative / Broker.
Now it’s time to verbalize your value proposition. There are two critical areas to focus your presentation, maximum exposure ...
Posted by Constantine Isslamow
on October 24, 2009
Some say it may even be the biggest shift since the Industrial Revolution. By 2010 Gen Y will outnumber Baby Boomers and 96% of them have already joined a social network. Have you? If you haven’t it, now would be a good time too start.
Definition
A label attributed to people born during the 1980s and early 1990s. Members of Generation Y are often referred to as Echo Boomers because ...
Posted by Constantine Isslamow
on October 24, 2009
LISTING STRATEGIES (13)
Steps 9-10 of the listing presentation.
9. Restate and clarify the answers you receive: The ago old principle, “Seek first to understand, and then be understood,” I see too many listing presentation ends up like this... “Let me tell you how wonderful I am and how great our company is, and then I’ll listen to you.” Don’t ...
Posted by Constantine Isslamow
on October 21, 2009
Prime interest rate
The interest rate that commercial banks charge their prime or most credit worthy customers, generally large corporations.
YEARJANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC
1999
6.75
6.75
6.75
6.50
6.25
6.25
6.25
6.25
6.25
6.25
6.50
6.50
2000
6.50
6.75
7.00
7.00
7.50
7.50
7.50
7.50
7.50
7.50
7.50
7.50
2001
7.25 ...
Posted by Constantine Isslamow
on October 21, 2009