Latest Articles
Brokerage, Technology, Consumer News, Residential Real Estate, Education, Misc
December 5, 2018
Short Sales and Tips for Newly Licensed Real Estate Agents

What are short sales?
A short sale is a sale of secured real property that produces less money than is owed the lender; also called a short pay, in that the lender releases its mortgage or trust deed so that the property can be sold free and clear to the new purchaser. In essence, the lender decides to cut its losses by agreeing to a negotiated sale rather than experiencing the delay and expense of a foreclosure action, with the possible result of owning the asset and thus carrying a “real estate owned” on its books. Lenders often require that the brokers adjust their commissions before the sale takes place — even though the lender is not in the title, it is often positioned to call the shots.Do you have advice for newly licensed real estate agents?
Congratulations to new agents on passing their state real estate licensing examination. The agent's next step is to hang their license with a broker. And, hopefully, that broker will make sure the agent is properly trained and supervised. Understanding the practical issues of financing, forms and legal contracts, valuation, showing properties, and closing, among others, can appear overwhelming at first.The online communities on RealTown are an excellent resource for helpful tips to the rookie real estate agent. For a list of 19 rookie tips, read a RealTown article with Rookie Tips. https://www.realtown.com/search-results?blog_search=Rookie%20Tips
Here's an additional tip by Saul Klein (CEO of Real Estate Electronic Publishing, home of RealTown):
"Go through your personal address book. Call, mail, or e-mail everyone in your personal address book to let them know that you are now in the real estate business and that you would love to hear their advice and of course, if they know anyone who is interested in buying or selling, that you would appreciate if they mention your name. Don't be shy about this. Don't feel like you can't "impose" on your friends. If your friends won't help you, who will? Ask if it is OK for you to give them an update on your progress after your first year.
"New agents should join the online discussions on RealTalk here at RealTown to help expedite the ongoing learning process real estate professionals experience."

Share this post:

Written by
John Reilly
Recent Posts
Next Videos
Related Post

Industry, Residential Real Estate, Education
Library of Real Estate Clauses
December 16, 2018

Brokerage, Technology, Consumer News, Residential Real Estate, Education, Misc
Short Sales and Tips for Newly Licensed Real Estate Agents
December 5, 2018

Brokerage, Consumer News, Residential Real Estate, Misc
Unilateral Contract VS Bilateral Contract
November 23, 2018
http://www.realtown.com/blog/Above-and-Beyond-CMLS2018-Saul-Klein-interviews-Rebecca-Jensen-CEO-MRED
http://www.realtown.com/blog/is-the-fed-and-congress-still-winking-and-nodding-at-mortgage-kickbacks
http://www.realtown.com/blog/coldwell-banker-on-location-youtube-channel-surpasses-two-million-views
http://www.realtown.com/blog/five-strategies-to-build-your-business-from-real-estate-s-leading-women
http://www.realtown.com/blog/realtown-announces-poll-results-of-nar-membership-fee-increase-proposal
http://www.realtown.com/blog/r-e-marketing-strategies-avoiding-mistakes-when-asked-so-what-do-you-do
http://www.realtown.com/blog/r-e-marketing-strategies-hate-to-make-cold-calls-tips-to-make-it-easier
http://www.realtown.com/blog/clear-capital-reports-slowing-of-national-quarterly-home-price-declines
http://www.realtown.com/blog/cb-expands-its-international-network-with-francise-agreement-for-greece
http://www.realtown.com/blog/coldwell-banker-real-estate-releases-annual-home-price-comparison-index
http://www.realtown.com/blog/nar-awards-grants-to-support-local-association-smart-growth-initiatives
http://www.realtown.com/blog/insurance-internet-marketing-for-p-c-agents-offered-by-agreatertown-com
http://www.realtown.com/blog/real-estate-marketing-strategies-seven-powerful-tips-to-more-confidence
http://www.realtown.com/blog/virtual-receptionist-services-are-the-ideal-and-cost-effective-method-1
http://www.realtown.com/blog/pandora-ring-is-the-quality-of-the-lyalty-declaration-of-love-ring-at-1
http://www.realtown.com/blog/luxury-real-estate-is-paris-the-most-attractive-city-for-large-fortunes
http://www.realtown.com/blog/re-marketing-strategies-does-your-people-pleaser-pattern-get-in-the-way
http://www.realtown.com/blog/the-hamp-is-not-successful-in-helping-people-distressed-by-foreclosures
http://www.realtown.com/blog/re-marketing-strategies-mistakes-agents-make-with-the-law-of-attraction
http://www.realtown.com/blog/marketing-strategies-do-you-find-it-easy-or-difficult-to-toot-your-horn
http://www.realtown.com/blog/there-are-varieties-of-gladiator-fashion-women-shoes-that-are-available
http://www.realtown.com/blog/lender-processing-services-announces-formation-of-lps-real-estate-group
http://www.realtown.com/blog/cb-portraits-campaign-spotlights-multimedia-re-tools-and-consumer-trust
http://www.realtown.com/blog/r-e-marketing-strategies-how-you-can-end-the-habit-of-procrastination-1
http://www.realtown.com/blog/fannie-mae-and-freddie-mac-again-under-pressure-to-suspend-foreclosures
http://www.realtown.com/blog/federal-aid-unable-to-control-rise-in-bank-and-hud-foreclosure-listings
http://www.realtown.com/blog/point-appoints-re-veteran-walter-t-baczkowski-jr-as-chief-sales-officer

2021 Real Town The Real Estate Network