Why Have a Buyer's Agent When Purchasing a House?Buying a house is one of the most significant undertakings you'll make in your entire life. It's not simply about finding the right home for you and

Dated: August 15 2020
Views: 26
If you're an unlicensed real estate assistant, or an agent or broker utilizing one, be sure you understand and follow your state's regulations as to what they are allowed to do. This list of permitted activities for an unlicensed assistant is from the New Mexico regulations but is similar to the rules in other states. The position of an unlicensed assistant can be a great training ground for a real estate career, but know the rules so you do not start out wrong.
Obtaining information pursuant to written instructions from the responsible person from public records, a multiple listing service, listing exchange, or from third party sources including, but not limited to, surveyors, banks, appraisers and title companies are allowed.
An unlicensed assistant can be valuable in pulling together the many documents and details related to getting a new listing going. What they cannot do is talk to the client about it. Their job is to gather data and documents. They can go to the courthouse and pull information related to the property.
Hosting and/or distributing literature at an open house is allowed if:
If your unlicensed assistant is chatty and likes to engage people you may not want to put them in a position at an open house where they may be asked questions. Their natural reaction would be to answer them, which isn't allowed.
Disseminating and distributing information prepared and approved by the responsible person is OK for the unlicensed assistant. Note that the information is prepared by someone with a license.
They can hand out brochures, drop off brochures and documents at title companies, with appraisers and surveyors.
Rules allow picking up and delivering paperwork to associate brokers or qualifying brokers other than the responsible person.
The real estate professional's time is best spent working directly with clients, so unlicensed assistants can be of value in taking over permitted delivery duties.
An unlicensed assistant can be assigned the duties of picking up and delivering paperwork to sellers or purchasers after a contract has been executed. This is if the paperwork has already been reviewed and approved by the responsible person, without answering any questions or providing any opinions or advice to the recipient of the paperwork; all substantive questions must be referred to the responsible person.
As mentioned above, if they're the friendly chatty type, having them deliver a document to a client can be a problem. The first thing the client may do is ask what it's about. They may answer the question to avoid looking incompetent.
The assistant can write advertisements, flyers, brochures, and other promotional materials for the approval of the responsible person, and place classified advertisements approved by the responsible person.
If you have a talented writer or ad person as an assistant, it's great. Let them create ads and property descriptions that work. Just make sure that you document that you reviewed and approved them before they went live.
Placing and removing signs from real property is OK as directed by the responsible agent or broker.
This should be simple and not create problems, as they're just stopping by and placing or pulling up a sign.
Tammy Broxson is the Broker Owner of Broxson Real Estate Group, a boutique real estate brokerage in Florida. Tammy is also a State of Florida Real Estate Instructor and a mentor to other real estate p....
Why Have a Buyer's Agent When Purchasing a House?Buying a house is one of the most significant undertakings you'll make in your entire life. It's not simply about finding the right home for you and
ome Maintenance Tasks That Cost More LaterSave money by addressing these home maintenance chores nowSharePinEmail•••BY TORREY KIM Updated April 02, 2020Most people maintain&
Just Because Your Home Is New Doesn't Mean It's PerfectSharePinEmailBY ALY J. YALE Updated July 24, 2020If you’re buying a new construction home, you might assume that a home
Buying Secret #10: Keep Your Money Where It IsIt’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t want to take any