Agency & Representation
This agent represents the seller and tries to sell their house
Who is the listing agent
This home has all living space on one level
Typically rectangular shaped
This document outlines the relationship between seller and agent.
Listing agreement
This heating type is cleaner and more efficient than oil
This heating also provides more heat/power when cooking
Gas
How attractive a home looks from the outside.
Well maintained lawn/trimmed trees or bushes
What is curb appeal?
This agreement gives a broker exclusive rights to represent a buyer.
What is an exclusive buyer representation agreement
This home has staggered levels with short stairs, multi levels.
Adv- privacy w the separation of rooms
Disadv- lots of stairs
What is a split-level?
Selling a home without an agent.
FSBO (for sale by owner)
Typical lifespan of a roof.
What is 25-30 years
What does staging a home mean?
Removing personal items to make a home neutral
Declutter, provide accessories/furniture to a home that bring in a warm look/feel
This type of listing allows multiple brokers to compete and only one gets paid.
What is an open listing?
This home is two stories with bedrooms upstairs.
House is symmetrical (both right and left sides look alike)
What is a colonial?
Agent prepares this to access a home's value using comparable sales in the same proximity
What is a CMA (Comparative Market Analysis)
Max number of roof layers allowed.
What is two layers?
Provide two facts about an open house
Usually given on wkends
no appointments necessary
hour - two hrs long
This listing guarantees commission no matter who sells the home.
Exclusive Right to Sell
This home has ornate details and decorative trim.
High ceilings, typical cylinder or V shaped exterior of roof
What is a Victorian?
Name TWO ways a listing agreement can end.
Expiration, mutual agreement, sale, breach, or death
Decorative features like baseboards and crown.
Wooden pieces cut up, painted white (typically) and nailed to ceilings, walls to allow for decorative look
What are trim and molding?
Name TWO rule for running a successful open house
One family at a time, soothing music, know the house, remove personal items, light scented candle
This duty includes loyalty, confidentiality, and full disclosure
Fiduciary Duty
This home is two stories and as you enter, you have the choice to go upstairs or downstairs
Bottom level is partially underground but you do have windows that permit natural light to come through
Lower level allows for flexibility and can possibly use for bedrooms
What is a high ranch?
Federal law requiring disclosure for homes built before 1978
Lead Paint disclosure
Stone or brick walkways that improve appearance
Can use these around inground pools, too
Electronic lockbox that tracks which agents enter your listing
Use of bluetooth to open
Sentry Lock Box