Technology
What does MLS stand for?
Multiple Listing Service
What must a fully executed document have?
Buyer and Seller signatures
True or False - According to NAR, 44% of millennials would buy a home based on listing photos.
True!
When is the 12 hours of CE due for agents who have been licensed for more than 2 years?
June 30th - get it done peeps!
What kind of market describes a high supply/low demand?
In 2021, did NAR receive more or less than 250 complaints per day regarding wire fraud?
WAAAY MORE! A crime when fraudsters use electronic communications to deceive people and get money illegally is called wire fraud, and it was the most prevalent cybercrime in 2021. The NAR says that the number of daily complaints exceeded 2,300 in 2021, while the losses exceeded $213 million. If you compare this number with the previous year, the total number of crimes per year was 380% lower - around 13k.
What folder is your green sheet under in Dotloop?
OFFICE DOCUMENTS - new green sheet!
What is the term used to describe the amount of money borrowed to finance a property purchase?
Principal
What is the difference between a Real Estate Agent and REALTOR
Real estate agents are able to list properties for sale, show properties to potential buyers, and negotiate offers on behalf of their clients.
Realtors, on the other hand, are real estate agents who are members of the National Association of Realtors (NAR).
How many closed transactions did Mark Dietel have it 2021?
60! GOAT!
Explain what Tidewater means.
If the VA appraiser believes that the actual home value will be lower than the listing price, they will invoke tidewater. This is simply a heads up that gives the listing agent 48 hours to support the listing price.
What is the most expensive residence in the world?
Buckingham Palace - Estimated to be worth around $1.55 billion