Tag Archives: Real estate

The acronyms of organized real estate: National, Provincial and Local – CREA,OREA,TREB

Before you begin your real estate education and building your real estate career, it’s important you understand the terminology of the real estate industry.

The process of earning your Ontario real estate license

RECOReal Estate Council of Ontario – The organization that administers REBBA (The Real Estate and Business Brokers Act). You get your license from RECO.

You have your Ontario real estate license, what then?

Once you have your license, you will likely join trade associations which are called “organized real estate”.

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Thoughts on starting and building your real estate career

The above tweet references an interesting article from the OREA site. It includes:

Building a career in real estate takes time. … Do your best to look into your future and decide where you see yourself in ten years and start there.

In other words, move to the area where you want to work! Integrate yourself into the community!

Although you will be affiliated with a brokerage, you are your own brand. Therefore, you must consider how to build your own brand as a real estate professional.

And above all else:

Never confuse having a career with having a life!

Building a career in real estate takes time.  In order to be successful you have to commit yourself to a specific area for an extended period of time.  Choosing where you will start your career is also a choice of where you will live for the foreseeable future.  Do your best to look into your future and decide where you see yourself in ten years and start your career there.  It is counterproductive to work on building up your business in one location only to have to start from scratch in another area two years down the road.  Remember, being successful in real estate means being active in your community, and building long-lasting relationships. – See more at: http://www.oreablog.com/2012/06/starting-out-in-real-estate/#sthash.FTcskGNu.dpuf
Building a career in real estate takes time.  In order to be successful you have to commit yourself to a specific area for an extended period of time.  Choosing where you will start your career is also a choice of where you will live for the foreseeable future.  Do your best to look into your future and decide where you see yourself in ten years and start your career there.  It is counterproductive to work on building up your business in one location only to have to start from scratch in another area two years down the road.  Remember, being successful in real estate means being active in your community, and building long-lasting relationships. – See more at: http://www.oreablog.com/2012/06/starting-out-in-real-estate/#sthash.FTcskGNu.dpuf
Building a career in real estate takes time.  In order to be successful you have to commit yourself to a specific area for an extended period of time.  Choosing where you will start your career is also a choice of where you will live for the foreseeable future.  Do your best to look into your future and decide where you see yourself in ten years and start your career there.  It is counterproductive to work on building up your business in one location only to have to start from scratch in another area two years down the road.  Remember, being successful in real estate means being active in your community, and building long-lasting relationships. – See more at: http://www.oreablog.com/2012/06/starting-out-in-real-estate/#sthash.FTcskGNu.dpuf

How #Torontorealestate agents can ensure get value for commission paid

Those considering real estate as a career need to help clients get value for the commissions they pay. The article referenced in this raises some interesting points. Including:

There is virtually no situation in which you will end up paying just 1 per cent to sell your home – with one exception. That would be if you were to list with a discount brokerage that offered 1 per cent or flat-fee service and they were able to secure a buyer. They would thus be representing both buyer and seller in the transaction, a situation known as multiple representation, or “double-ending” in the real-estate world.

In most cases with a discount brokerage, you would be paying the listing brokerage 1 per cent plus an additional 2.5 per cent to the co-operating broker or “buyer’s agent” if listing on the Multiple Listing Service (MLS).

 

Should a #realestateagent offer opinions of the quality of neighborhood schools?

To buy a house is buy a location, to buy a neighborhood, to buy into a community. Those who make real estate a career undertake the obligation to know neighborhoods and communities. Knowing a community includes knowing:

– places of worship

– public transit

– clubs

– shopping

– schools

The article referenced in the above tweet is interesting. How far should a real estate agent go in evaluating local schools? What should the methodology for evaluation be?

The article includes:

Ms. Kostyniuk is taking useful measures of challenges to school achievement, and putting them with test scores so that similarly situated schools can be compared with one another. Her data are imprecise – far better data are available that show the demographics of the pupils, based on their home postal code. (At some schools, the numbers who come from outside neighbourhoods may be large enough to cast her conclusions in doubt.) But it’s unfair to impute discriminatory motives to her.

What do you think? Good idea? Bad idea? Does the school have the right to be angry?

Here is one response to the suggestion that real estate agents should make recommendations on schools.