Ask Elliott #21: Price on Sign?
I want to place a “For Sale” sign outside a property with a price on it. For example: “Only $750,000.00 subject to bank approval” I am concerned that this does not violate any real estate laws or rules. [...]
Ask Elliott #20: CIS at Open House
CIS for open house: Give one to guest? Acting as a seller’s agent? I heard that it is not necessary to have them or give them out at open houses, but I do not believe this. [...]
Ask Elliott #19: Can I Also Be a Mortgage Rep?
Is it legal to be involved in the sale of a home and do the mortgage for that property as well? How about if I were to do a mortgage for someone that is completely separate from any real estate transaction? [...]
Read More... from Ask Elliott #19: Can I Also Be a Mortgage Rep?
Ask Elliott #18: Sign Requirements
We were called by another broker and told that our pointers for the open house must have our phone number on it and not just the generic name of our company. The home has a sign that contains the full office name and phone number. Can an open house pointer just be the arrow and [...]
Ask Elliott #17: Branding
Could you explain what is a branded or non branded web site? What is legal as far as MLS and Realtor laws? BM [...]
Ask Elliott #16: Setting Up a Referral Company
This website is great, I hope it leads to bigger successes down the road. How does a company set up a “Refferral” company for nonactive agents to hang their licenses ? Can’t seem to find the info anywhere. Thank you. RS [...]
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Ask Elliott #15: Can a Seller Change Commission Terms?
A contract is written for a lease-purchase agreement, allowing for a 2.5% commission to the selling agent. After the lease term, the Purchaser’s lender requires a “new” contract be prepared and the Purchaser’s agent does not prepare the contract as she is on vacation. Seller’s agent prepares the contract and Seller, angered by the lack [...]
Read More... from Ask Elliott #15: Can a Seller Change Commission Terms?
Ask Elliott #14: Disclose a Referral Fee?
A storage company stopped in this past week with a referral program for every client that we refer them they will send us $25. Seems like we would need to disclose that to the referral? We are participating in a community day soon. What are the restrictions around raffles or giveaways? In that setting can [...]
Ask Elliott #13: License Required?
Must receptionists who do administrative work and give brochures in new home developments be licensed? PS [...]
Ask Elliott #12: Dual Compensation
My buyer insisted that I add into the contract that he is going to pay me a large bonus in addition to the usual commission being paid by the seller. This is my listing and my buyer. I am a transaction broker on both sides. Is this OK? [...]
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