Handy Tips

RRG Handy Tip
Foreclosure:

Practice Tips:

When a listed property is being foreclosed upon, it is a good idea for the seller to notify the trustee (the title company handling the foreclosure) and the lender that he is attempting to sell the property.

Once in escrow, the preliminary title report will show the Notice of Default, and the lender's payoff statement will likely include the trustee's costs of sale to date.

Close of escrow should take place before the trustee's foreclosure sale date. Otherwise, the seller loses title and cannot sell the property.

The listing broker should take appropriate steps to withdraw the listing from MLS after the foreclosure sale.

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Simple Ways to Market Yourself Online

Real estate professionals increasingly are spending more money on online marketing because most homebuyers turn to the Internet once they initiate property searches. But online marketing does not have to be expensive or difficult, and there are several easy steps that agents can take to create a Web presence.

They would be wise to display their e-mail and Web site addresses on their fliers, business cards, postcards, and other communications and also to ask for callers' e-mail addresses so that they can forward e-newsletters to them.

Agents should send "Just Listed" or "Just Sold" e-postcards containing photographs, as well as market reports and updates, to all of their contacts — a strategy that incurs no postage costs.

Additionally, agents should post their listings and open house information on Craigslist, Postlets, and other free real estate sites and consider entering the blog and social networking arena.

Other useful tips include matching their e-mail addresses and Web URLs and adding their Web site address to their e-mail signatures

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RRG Handy Tip
6 ways to ensure you're sued for misrepresentation

Want to put your foot in it and end up with a big legal bill? Here's how:

Tell the seller that since the buyer probably won't notice a problem, it's OK to not mention it. Hint: Always tell the purchaser about all material defects.

Repeat "something you heard" about a possible hazardous waste dump in the neighborhood while standing in line at the grocery store. Hint: Don't make statements you can't verify. Make some effort to confirm the accuracy of what you've heard. If you can't confirm that it's false, make the buyers aware of the information and let them investigate it themselves.

Take the sellers' word that they’ve never had water damage, despite those suspicious lines on the foundation. Hint: Caution the clients about the need to be candid in their disclosures. If they insist on saying there hasn’t been any damage, you can withdraw from the representation or make sure all buyers are aware of the foundation markings so that they can conduct their own investigation.

Assume you’ll remember exactly what you told the buyers about the property, even six months later when they dispute what you said. Hint: Document all information you share with the buyers.

Pooh-pooh the buyers' idea of getting a home inspection before closing, since the house is obviously in great shape. Hint: Always encourage buyers to get any inspections they want.

Don’t worry too much if you don’t know anything about real estate construction or planned new developments in your local market; after all, your job is sales. Hint: Be informed on current matters in your market, including red flags indicating property defects

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RRG HANDY TIP  

You can view your education history (including designations such as RRG) from our website...

It will print out a nice report and will separate your designations from your regular CE classes.

Just log into the GLVAR website www.lasvegasrealtor.com, and go the the "IMS" section. Click on "Education History"

Then click "Education Tracking"

Then Click on "RRG"

The computer will then print out all of the electives and core classes you have taken for your RRG Designation, the dates of the classes and the total credits completed.