Search results
Apr 16, 2024 · 3. Appraisal Contingency: Tied to the home’s value being confirmed by a professional appraisal. An appraisal contingency protects the buyer and ensures that the property’s value, as determined by a professional appraisal, meets or exceeds the agreed-upon purchase price. Here’s an example: Appraisal Contingency Clause.
Nov 13, 2023 · A Realtor is a real estate agent who is a dues-paying member of the National Association of Realtors. NAR members are held to a high standard of professionalism and adhere to a strict code of ethics. Refinance. If a borrower takes out a new loan on the same property, it’s called a refinance.
People also ask
What does a real estate agent do?
What are some examples of quick inside sales agent scripts?
What is the last stage of the real estate sales process?
What responsibilities does a listing agent have with a buyer's agent?
- Monthly Production
- Days on Market
- Sale Price vs. List Price
- Sales Volume
- Pending Commissions
Agent productivity is a vital metric to track. It’s the metric most directly related to your bottom line—company dollar. The number of closed transactions that each agent completes contributes to your total revenue. This is true whether your agents pay a flat fee to your real estate agency or whether they’re on traditional splits. Annual production...
The second metric to track closely is the time that agents’ official listings remain actively listed on the real estate market— referred to as days on market (DoM). Days on market is simply the number of days the property is listed for sale on the multiple listings service (MLS) before it’s under contract. Often, this can indicate an area of quick ...
Similar to days on market, the difference between the list price and the final purchase price (sale price) is another key metric to measure performance on a monthly basis. A price that needs to be lowered to get real estate sold doesn’t look good and often means that the property becomes stale. On the other hand, pricing a property too low means yo...
Sales volume is a prevalent metric of success—and one that’s often associated with ability. Real estate agents and brokerages alike use sales volume as a way to demonstrate their influence and performance. An agent’s sales volume is simply the total value of all closed transactions by sales price. As a number reported annually, this value is often ...
Of all the real estate agent performance metrics to track, pending commissions are one of the most important ones for any brokerage. Pending commissions will help you forecast future revenue and make decisions based on what’s in the pipeline. Calculating pending commissions is done differently based on the way in which your brokerage makes money. F...
Feb 12, 2024 · If the Buyer submits the EMD to a broker, and that broker is not named as the Escrow Agent in the sales contract, then the broker is further obligated to deposit the EMD with the proper Escrow Agent within five business days. As with most contract provisions, this five-day period can be modified by written agreement of the parties.
Nov 27, 2017 · Inside Sales Agent Scripts & Techniques. Agent Scripts & Dialogues. Use these inside sales agent scripts & best practices for inside sales agents on real estate teams to effectively nurture & convert leads into appointments. One of the most important principles of lead followup is to keep your focus on determining the needs of the consumer.
4-Credit Hour Online course bundle. $60 for members of the Residential Real Estate Council (RRC) $75 for non-members. Annual Dues. None. For more information, visit the Residential Real Estate Council website. Find an Inside Sales Agent-certified REALTOR®. Advertisement. The Inside Sales Agent certification program teaches REALTORS® the art ...
Aug 4, 2021 · The sales process (also known as a sales formula or sales framework) is key to consistently succeeding in sales. Some of the benefits of using a real estate sales process outlined in this guide include: It creates a system; allowing you to close sales like a road map. Certainty – for both you and your potential clients.
