TREC Trouble
This must be signed before an offer is accepted regarding compensation.
What is a Broker Compensation Agreement?
Training is held on this day each week.
What is Wednesday?
Grass knee-high and clutter everywhere hurts this.
What is marketability?
The tax assessed percentage for residential property in Tennessee.
What is 25%?
The first thing you should do before sending a repair proposal.
What is call the listing agent?
Talking about “safe neighborhoods” can create concerns under this law.
What is Fair Housing?
This system must be updated within 48 hours when a property goes under contract.
What is Transact?
This type of photo editing must be disclosed in MLS. (hint: adding to a pic)
What is virtual staging?
This company schedules most local showings.
What is ShowingTime?
A seller wants to stay after closing. This form should be used.
What is a Temporary Occupancy Agreement?
This must appear in all advertising to identify the brokerage.
What is the firm name?
This should be reviewed by the broker before mailing.
What are postcards/mailers?
Being beside a double wide and distressed property can impact this.
What is resale value/saleability?
This type of financing allows zero down for eligible rural areas.
What is USDA?
The listing agent says there are multiple offers. This document can help verify escalation clauses.
What is a redacted competing offer?
This is required before discussing confidential client information with others.
What is client permission?
The annual EXIT fee helps cover things like websites, signs, and this technology feature.
What are QR codes?
Overpricing a listing in today’s market often leads to this.
What are price reductions and longer DOM?
This protects buyers from defects in title.
What is title insurance?
A buyer wants to walk because “they changed their mind.” This money may be at risk.
What is earnest money?
An affiliate broker cannot receive commissions directly from this party.
who is client or customer?
The most important part of EXIT Realty Tri-Cities culture.
What is teamwork/family/support?
This is usually the cheapest way to improve first impressions before listing.
What is curb appeal?
This should never be sent by email without verification due to fraud risk.
What are wire instructions?
The best negotiation tool is usually understanding this.
What is the other party’s motivation?