Redux Rules!
What is transform?
Upfront payment given as a sign of good faith
What is the EMD?
Dropping off a gift at a client's home
What is a pop by?
Legal document that outlines the terms of a real estate transaction
What is the purchase agreement?
More buyers than homes for sale.
What is a seller's market?
What is to be brought back or revived?
This gives an agent the rights to sell a property
What is the listing agreement?
Where the fortune is
What is in the follow up?
Allows a buyer to cancel the deal if financing is not secured.
What is the financing contingency?
How many months it would take to sell all current inventory
What is months of supply?
Name of Chris's podcast
What is Uncommon Real Estate?
Type of loan where the interest rate adjusts over time
What is an ARM (Adjustable Rate Mortgage)
Targeting a specific neighborhood
What is geographic farming?
Buyer takes over the seller’s existing mortgage terms.
What is an assumable loan?
Key market indicator measures the percentage change in home prices over a specific time period
What is appreciation or appreciation rate?
# of homes we sold last year
What is 504?
Owners behind on mortgage payments but not yet in foreclosure
What is a preforeclosure?
Targeting homes near a recently sold property
What is circle prospecting?
This law prohibits discrimination in real estate transactions
What is the Fair Housing Act?
A balanced real estate market typically has how many months of inventory?
What is 4-6 mos.?
Our ranking in eXp
What is 19th of all teams?
Right of a property owner to receive compensation if their property is taken for public use
What is eminent domain?
Tool automatically responds to leads within minutes of their inquiry to improve conversion rates
What is an autoresponder?
Legal principle requires that all real estate contracts be in writing to be enforceable
What is the Statute of Frauds?
Economic Factor controlled by Federal Reserve that impacts interest rates
What is the federal funds rate?