part 3 unit 21 advising sellers Flashcards
be informed and up to date on
agency matters
market conditions
average buyer looking for property
current mortgage rates
before you view the property you can examine its
sales history
tax assessments
zoning
title info
the seller may need to provide
-an accurate RPR
-statement of outstanding mortgage and payout penalties
prepare your documents: Have all info with you like
-CMA
-Marketing plan
-Appropriate forms for review and signature
when is the marketing plan usually discussed
during listing process
one of the most important parts of listing presentation is
explaining the marketing of the sellers home
examples of marketing plans
-for sale sign, photographs, open houses, showings
the goal is to sell your home
-most money, quickest time possible, fewest problems.
key requirements from these guidelines are that advertising
-must not be false or misleading
-only be done behalf of the brokerage
-full name of the brokerage
-include your own name
how many days in advance should notice be provided to tenants
90 days from the beginning of the tenancy period
abatement of rent
reduction in the amount of rent a tenant pays to the landlord
distraint, distrain or distress
which the landlord seizes the property of the tenant
exclusive possession
having exclusive use of a residential premises,
fixed term tenancy/periodic
-tenancy agreement which begins on specific date and ends on specific date
-starts again at specific time
overholding tenant
tenant who has not moved out when the tenancy agreement ended and they no longer have a right to be on the property.
