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How do I fill out form 26QB for TDS in case of more than one buyer and seller?Hi,Please select Yes in the column of Whether more than one Buyer/seller as applicable, and enter the Primary Member details in the Address of Transferee/Transferor & no need of secondary person details.The reason to include this is to know whether the agreement includes more than one buyer/seller, so the option is enabled.Hope it is useful.
What are good methods for real estate agents to find home buyer and seller leads in the fall and winter once the housing market cools off?While many agents disdain marketing in the fall and winter, you will find that the clients you sign at that time of the year are often more motivated and more willing to make decisions than those in the “hotter” spring and summer markets. Because people moving in the fall and winter generally have a compelling reason to do so, they have less time to waste and are usually more ready to sign with an agent who shows them that they can provide real service.Marketing during this time of year should be more specific and more targeted than in the spring and summer. Because you are statistically less likely to find motivated sellers and buyers in the fall and winter, it is important to do more than the general farming that you might do in the spring.Techniques like predictive analytics use social signals and other online cues to help you to more accurately gauge people who are potentially ready to sell, especially those who may be undergoing life events, job changes, and other circumstances that will increase their motivation and compress their timeline for making a move.The other big thing to think about in your marketing at this time of year is to emphasize how you can help them get results. Because they are more motivated, they will respond well to the person who can help them sell or buy quickly and who is focused on the bottom line.
What are the best tips or suggestions for a real estate brokerage I just opened in Miami, FL? I want to standout from the rest. What are some ideas on how to get buyer and seller leads?A real estate office ought to be a fun and entertaining place to go. There ought to be a coffee bar and people should be able to sit comfortably viewing homes on a personal screen.There ought to be video games for kids, snacks, a van should be available to drive people around, no obligation, home tours.Here, at a real estate center, people ought to be able to obtain a mortgage almost instantly.One area ought to be reserved for decorators, and landscaping.It ought to be a place where a family can spend a fun and informative afternoon, and learn all about their options with regard to purchasing a home or an investment.
Would a website where residential real estate buyers post their exact needs and private sellers are able to solicit their house for sale to those buyers, be useful?Frankly, if you remove every one who's knowledgeable about contracts, houses and financing I foresee buyers losing earnest money because they didn't perform per the agreement…or sellers getting sued because they didn't disclose some defect. The only winners would be the sophisticated seller pulling the wool over the eyes of a newby house buyer and slick flippers stealing the property from grandma. In the end only the attorneys hired to avenge the aggrieved parties would win out. PS…if I used that site and got ripped off, guess who’d be the first name on my lawsuit.
What happens if a seller backs out of a real estate transaction? The documents are signed and the closing date is set. Unfortunately, the buyer keeps adding amendments to the contract that are nuisance items, in the sellers opinion.In most cases, that’s a tidy profit for the seller.Typically, a sales contract will provide that the seller retains the “earnest money deposit” in the event the buyer fails to close wthout a contractually valid reason.What happens is the seller gets to keep the buyer’s deposit as ”liquidated damages” for the buyer’s bsignNow of the sales contract. Then the seller can re-list the home and sell it to someone else.
What and how much are the business expenses of being a buyer's agent for a residential real estate transaction? How much does one need to make a profit?The amount of business expense and whether or not it varies has a lot to do with many different factors. In most instances, all Real Estate Agents work under an independent contractor arrangement with a Brokerage Firm. This can be an individual with a Broker’s License, a single Salesperson working under a Broker’s license of an individual, or it can be an Agent working with Full-Service Multi-National Franchise Company like RE/MAX.In instances where an agent is backed by a large company, it is more likely that a higher percentage of the fees earned by the Agent will be owed to the Brokerage Firm. (thus higher expenses) In addition, as the Sales price of the property rises the amount paid to the Broker usually increases along with it.Even though there are clearly calculable expenses associated with almost any level of engagement in the business there are fixed and variable costs to be considered for every Agent arrangement and proficiency level.For example, some of the basic fees involved with licensure and association with MLS. Additionally, there are a number of other potentially costly investments necessary to perform the duties of an Agent proficiently. These expenses range from investments in Computer Hardware and Software Subscriptions, Photography Equipment, ownership expenses associated with transportation, Educational Requirements, Seminars and Training, Application Software, Insurance, Professional Association Fees, MLS Dues, Membership Fees in the Association of Realtors and many more.While it may seem like all things are equal, when it comes to knowledge and expertise not all agents or Brokerage firms are created equal. Choosing the right Agent may personally save a Buyer Thousands of dollars and often times this ability is a direct result of the individuals' personal investment in training and education and access to cutting edge informational systems.One “expense” often overlooked by laypersons trying to assess the pay scale of Real Estate Agents, in general, is that there are often large disparities in their ability to advocate a Buyer to the fullest. A more experienced Agent will have a wider range of personal connections in a multitude of ancillary services like inspectors, surveyors, lenders, title representatives, home mortgage lenders, and others. It is also likely that newer Agents will have more expenses associated with client acquisition since they may not have a large database of potential clients whom they already have relationships with.Whether you are asking about the “business expense” of a Buyer’s Agent in terms of understanding the “value” of an Agent or you are considering hiring or as a way to evaluate your own career in Real Estate there is an old adage that comes to mind which more often then not applies here. “You get what you Pay For”
What is wrong with the hiring process and how could it be fixed? Endless forms have to be filled out, nothing is unified, and GitHub, StackOverflow (for developers) or Dribbble (for designers) are not taken into consideration.Finding the right job candidates is one of the biggest recruiting challenges. Recruiters and other HR professionals that don’t use best recruiting strategies are often unable to find high-quality job applicants. With all the changes and advances in HR technologies, new recruiting and hiring solutions have emerged. Many recruiters are now implementing these new solutions to become more effective and productive in their jobs.According to Recruitment strategies report 2017 done by GetApp, the biggest recruiting challenge in 2017 was the shortage of skilled candidates.The process of finding job candidates has changed signNowly since few years ago. Back then, it was enough to post a job on job boards and wait for candidates to apply. Also called “post and pray” strategy.Today, it is more about building a strong Employer Branding strategy that attracts high quality applicants for hard-to-fill roles.Steps for finding the right job candidates1. Define your ideal candidate a.k.a candidate personaNot knowing who your ideal candidate is, will make finding one impossible. To be able to attract and hire them, you need to know their characteristics, motivations, skills and preferences.Defining a candidate persona requires planning and evaluation. The best way is to start from your current talent star employees. Learn more about their personalities, preferences, motivations and characteristics. Use these findings to find similar people for your current and future job openings.2. Engage your current employeesYou probably already know that your current employees are your best brand ambassadors. Same as current product users are best ambassadors for product brands. Their word of mouth means more than anyone else’s.Encourage their engagement and let them communicate their positive experiences to the outside. Remember, your employees are your best ambassadors, and people trust people more than brands, CEOs and other C-level executives.Involving your current employees can not only help you build a strong Employer Branding strategy, but it can also help your employees feel more engaged and satisfied with their jobs.3. Write a clear job descriptionsEven though many recruiters underestimate this step, it is extremely important to do it right! Writing a clear and detailed job description plays a huge role in finding and attracting candidates with a good fit. Don’t only list duties, responsibilities and requirements, but talk about your company’s culture and Employee Value Proposition.To save time, here are our free job description templates.4. Streamline your efforts with a Recruitment Marketing toolIf you have right tools, finding the right job candidates is much easier and faster than without them. Solutions offered by recruitment marketing software are various, and with them you can build innovative recruiting strategies such as Inbound Recruiting and Candidate Relationship Management to improve Candidate Experience and encourage Candidate Engagement.Sending useful, timely and relevant information to the candidates from your talent pool is a great way for strengthening your Employer Brand and communicating your Employee Value Proposition.5. Optimize your career site to invite visitors to applyWhen candidates want to learn about you, they go to your career site. Don-t loose this opportunity to impress them. Create content and look that reflects your company’s culture, mission and vision. Tell visitors about other employees success and career stories.You can start by adding employee testimonials, fun videos, introduce your team, and write about cool project that your company is working on.Don’t let visitors leave before hitting “Apply Now” button.6. Use a recruiting software with a powerful sourcing toolToday, there are powerful sourcing tools that find and extract candidates profiles. They also add them directly to your talent pool. Manual search takes a lot of time and effort, and is often very inefficient. With a powerful sourcing tool, you can make this process much faster, easier and more productive. These tools help you find candidates that match both the position and company culture.7. Use an Applicant Tracking SystemSolutions offered by applicant tracking systems are various, but their main purpose is to fasten and streamline the selections and hiring processes. By fastening the hiring and selection process, you can signNowly improve Candidate Experience. With this, you can increase your application and hire rate for hard-to-fill roles. Did you know that top talent stays available on the market for only 10 days?8. Implement and use employee referral programsReferrals are proven to be best employees! Referrals can improve your time, cost and quality of hire, and make your hiring strategy much more productive. Yet, many companies still don’t have developed strategies for employee referrals.This is another great way to use your current employee to help you find the best people. To start, use these referral email templates for recruiters, and start engaging your employees today!GetApp‘s survey has proven that employee referrals take shortest to hire, and bring the highest quality job applicants.If you don’t have ideas about how to reward good referrals, here’s our favorite list of ideas for employee referral rewards.
What are the roles of real estate buyer agents for commercial property and how important is it to get one? What do they bring to the table for buyers?I’m not certain I’m a big fan of residential real estate folks. No offense to anyone but in my state they fill out a standard form (often poorly) and most of the real work in the transaction is done by the title company.I have however seen some razor sharp commercial real estate folks. I’ve been very impressed with people with the CCIM credential. What they bring to the table for a buyer is good information on structuring your offers for the property. Commercial property values depend quite a bit on things like cash flow analysis of projected income streams. I’ve seen some impressive work in this area. If you’re schooled in finance and familiar with property cash flows then perhaps you don’t need an agent but they can be a large assist in certain areas.