Bill - let's not lump all real estate schools into one group. I own and operate a real estate school in Connecticut. Yes, we teach to the test - we have to, as that is the purpose of the class. But, what some of us also teach, is real life, and this helps them not only pass a test, but also realize and understand how this information will apply to them in the real world - after they've passed their exams. My students - those who want to learn - leave my classroom knowing what they are up against. They know we do more than open doors and say, "Here's the kitchen." They know how commissions are split, what procuring cause is, fair housing laws, agency/fiduciary duties, etc. This will help them pass the test, but will also help them be great agents after the fact. They are also given advice and information on how to get started, how it's not easy, how it's not like what they see on HGTV. I have advised mys tate licensing commission that an additional 15 hours should be added to the requirements, so we can go over contacts and other paperwork. It amazes me how "experienced" agents still do not understand how to fill out contracts and offers.
A is the answer, assuming 16 is the age at which one can legally make a contract in Ohio, as a minor has the ability to void a contract. However, here in Connecticut, it would be age 18.
Neither of my MLSs participate. Bothers me that my dues pay for this.
Here in CT, the buyer's broker having never deposited the EMD would be in violation of our licensing laws. If that's true in your state, then file a complaint against them. As for the seller wanting the deposit monies, that is a legal issue that the seller's attorney can advise them on.
Here in CT we are not allowed to install signs until we have a signed listing agreement. The listing agreement gives us the permission to install the sign.
As an agent who handled REO and was reported to MLS many times (and successfully fought the complaints)...my sign being up was mainly for non real estate purposes...code enforcement, neighbors, law enforcement...to show who was responsible for the property etc...I don't tend to double end but found the complaints short sighted, all the agent had to do was call me or email me about status and most likely they got a heads up from me as I was putting in the listing...sometimes the high road is simply reaching out and letting the listing agent know you have an interested buyer and could they give you a heads up on status
I have always let my team members do business under their ID. Pretty much I have only generated a lead and maybe given some advice or mentoring but they did the rest. How is someone new going to establish that they have something under their belt if they have nothing to show for it? I never get it, I never will. To me it is a power trippy kind of thing and that is just my humble opinion and not meant to offend. I would be able to advertise that I am top something IF I did require it to be in my name. I have no need to advertise in such a manner so again, don't get it.
I agree. I think providing your buyer's thoughts is counter to the buyer's best interests. I know that isn't necesarily a popular thought. Of course, if my buyer is writing, I tell them its 'overpriced';
True story: In my very first interview with a broker trying to determine whether or not I'd like to go to real estate school, I asked him to explain the relationship between a broker and a real estate agent. He said, "well, it's like the agents are the prostitutes and the broker is the pimp".
Don't ask me why getting my license appealed to me after that.
I'm speechless. Glad that I followed my gut and created outside blogs a long time ago.