Real Estate

Looking for information to file a complaint against a realtor in Indiana. I believe this realtor has violated the code of ethics. Please help or advise in any way you can. Thanks in advance.

This is the way to file a complaint against any one who deals in contracts or business… Call the State Attorney Generals Office and request a complaint form from the Comsumer Protection Dept. They will send you a form to fill out and return in the snail mail, included with the form will be the instructions on how to fill the form out. Be clear and concise with your information and have evidence available when they request it. If you are not completely satisfied with this answer there are some other route that you can take such as filing a complaint with the State Board of Realtors just to mention a few. Good luck with your endeavor.

Do they (Jaqua realtors rental division, Kalamazoo/Portage) actually do the maintenance as they promise?

meh

absolutely yes,, one office might have the original listing, but another office might have the buyer.. so they share commission..

Everyone has heard this…

"Earn license in just 2 months!!!"

I have learned that anything worth having takes a lot of work and that doesn’t seem like a lot compared to taking the college courses which could be over a year in some cases. So are these schools legit? What is the difference between traditional colleges that take longer and the "fast" way?
If possible, what would be best for me? I barely graduated high school, have done some college, support myself, with a great but full time job. Now I feel it’s time to get into being an entrepreneur and I want to work fast (I want to start very young). Money is no object, I will figure out a way to make it work if it is a good investment in the long run…

Well, if you are looking to being an entrepreneur getting a real estate license is not the way. It is really easy to get the license, but you have to work for a broker, you just don’t go out on your own and start selling houses.

The schools are mostly legit, they prepare you for the test. In CA you only have to get 60% of the answers right to pass. You can pass by simply guessing.

If you are serious about being an entrepreneur you should think about getting a regular 4 year degree in business. You can’t learn the skills you will need to start and run your own business in a 1 year class.

If I purchase realestate, (residential duplex) to rent out for investment purposes, can I write off the closing costs?

Absolutely! In fact, your escrow company will send you a statement at the end of the year to give to your accountant.

Our realtor made a mistake that cost us the house that we wanted to buy (see previous question), and then cashed our earnest money check after he assured us that it would not be cashed until we closed on a house!

I’m feeling very distrustful, any good realtors here from Boise, ID? I’m tired of being scr*wed over!

It sounds as though you dealt with an inexperienced or unethical realtor. NOT ALL REALTORS ARE THIS WAY! I do know that if an offer is accepted by both parties, then the earnest money check MUST be deposited until the transaction is closed, or until both parties agree to release the money. A realty company cannot hold a check (uncashed) until closing.

Try talking to the broker in charge of the company that the realtor works/worked for. The Broker in Charge is responsible for all real estate activity in that office. Also, if you have a legitimate grievance, which it sounds like you do, you should contact the BIC to let them know you are probably going to talk to the state’s Real Estate Commission & LLR regarding the matter.

Then, I’d definitely suggest interviewing a new realtor. Try picking a realtor who has been in the business for a couple of years. Explain to them what happened to you (you don’t have to name company names, etc), and what you expect from them up front. Be honest, and stick with a reliable, seasoned agent.

I hope this helps!

i just recently started a new job. I am now a loan officer for a mortgage company. I’ve never done this line of work before. My boss told me that I need to build a relationship with all the realtors in my area. When I go to their office to introduce myself I’m not really sure of what to say to them. I want them to send their clients to me so I can’t sell them mortgages but I don’t know what to offer the realtors to make them want to send their clients to me. Most importantly what the heck do I say when i walk into the office for the first time and hand them my business card… please help me.

"Hello, Mr. So and So,
I’m Jane Dough, and I’m a mortgage loan officer. I’d like to speak with you for a few minutes, if I may."

Then outline why their customers would want to choose your company, and you, to process their mortgages. It’s a sales pitch that you’d use to a reluctant customer, convincing them to use your company. Show the advantages your company offers over others (but it isn’t wise to actually name names).

You’ll do fine.

How good it would be to buy a residential property in Ahmedabad in term of investment?

Hi,
If you mean expensive (=costly) cities, two cities of Gujarat figure in the top ten list. Ahmedabad and Surat both are included in the list.

Say a house is listed with Agent B who works for Brokerage G. If Agent B decides to quit Brokerage G and go to work for Brokerage D, does the house stay listed with Agent B or Brokerage G?

Brokerage G could be nasty and keep the listing even if sellers want to transfer it to Brokerage D, but why deal with unhappy sellers. If sellers ask for a transfer in writing, it will usually be done.

Need 2 bedroom home to rent or buy.What about daily living expenses like or less than us
how about apartment all need to be near the ocean

Prices can vary a lot, you need to establish what your budget is for renting or buying, they vary from $300- $2000 a month to rent , to buy you can say between US $50,000- 2 million.

Lic.Gregory Kearney Lawson.