All Forum Posts by: Ivy Wang

@Frank Hennings There have been studies that show which pricing works best for your market. I don't remember the results from the top of my head, but usually you want to be within search parameters. I'd try looking up the studies.

@Brandon Battle Not really. I'm based in Arcadia, the "Asian Beverly Hills" and you can price is at -888 and it won't matter if the property has bad feng shui. You can't change bad feng shui with gimmicky numbers or using words like "panda" or "dragon" (which I've never, ever seen anyway).

Yes, if you are licensed, otherwise you'd be advertising FSBO. But when the listing agent is the owner or related to the owner, it has to be disclosed (depending by state). It is not illegal to market to a client; that's part of what a real estate agent does.

In CA, it's illegal to split any portion of the commission unless you are an active agent with your license hung at a brokerage. If you were active, it would then be considered a referral fee/split. Since you are inactive, you would get paid a "Finder's Fee" (legal in CA), up to $500 or a "Thank You gift" of up to $25.

Instead of hiring a broker to use their license, why don't one of you just get a broker license?

Exactly what @Christopher Phillips said. How would you show homes if you don't travel to the other state? You could ask listing agents to show for you, but usually they will charge a flat fee or reduce your buying agent commission.

Price change would be Addendum #1

Second price adjustment would be Addendum #2

Adding buyer to the contract would be Addendum #3

@Jay Hinrichs @Levi T. I work everyday as well lol. Most of my transactions are off-market pocket listings and sell sometimes in the middle of the night. It depends on your niche, clientele, and network. There are all kinds of agents for different customers, however, the OP is now disappointed with the service, which I think may be unwarranted and the result of unrealistic expectations and/or poor communication. The difference may also be whether his agent sees him as a first time home buyer or a serious big-time investor. I certainly don't work the same way with all my clients.

@Tony Choe Once you're finished with the exam, you'll know right away if you pass. When you've passed, you will have your license (downloadable online & they will mail you a card). You will then need to hang your license with a broker to legally represent a seller or buyer. So if you've already interviewed with a broker and he will hire you contingent on you passing your exam, you could essentially start the same day you pass.

Everything @Joel Cummings said.

I don't personally send automated emails to my clients, but I don't knock agents who do. With resources like Redfin and Zillow, anyone can find a house themselves now. If the buyer is lazy, an agent can find homes for you, or even better, have a great network with pocket listings so you get first dibs - but this is not very common.

Your agent's main job is to guide you through the process, negotiate the deal, and make sure the seller and listing agent don't screw you over. 

If they already put in an offer using you, why did they mention the other agent?

Do they have a signed exclusive buyer agency agreement with the other agent? Even if they do have it signed, they don't hold up very well and most agents will let buyers out of it, if the buyers are set on not honoring the agreement and want to leave.

It was unethical on the buyer's part to have you show them houses and not disclose they had another agent, however, that was probably the first thing you should've asked them. Many people don't know that we are only paid in commission and that if they signed something with someone else, we cannot overstep our boundaries.