AGBeat Columnist: Patrick Flynn
Patrick Flynn is a 13 year Veteran of this Real Estate fray and a blogger on mySeattleblogs and is active in various social networks. Like many writers at Agent Genius, Patrick wears a few hats other than a Broker's lid- he is also a Certified Real Estate Instructor for the State of Washington and has enjoyed delivering 1,000+ hours of clock hour and non-clock hour approved courses in his career. Patrick has also been a Designated Broker since 2003 and revels in being able to coach and mentor fellow real estate professionals.
New licensing law forces local MLS to scrap over 80 forms
In the eternal quest for our Department of Licensing to make our lives and the lives of our clients simpler and clearer, the new licensing law in the State of Washington has forced the NWMLS to revise about half the forms real estate Brokers use everyday to conduct business. Thankfully we live in a digital age where most of these forms can ...
Some may no longer use “real estate” or “realty” in their team name
Recently we discussed Washington becoming a Broker Only State starting on July 1st and for the most part, this is a good thing and I welcome the ‘heightened degree of supervision’ promised by this move. However, as with most government agencies, the Department of Licensing for our fair state has elected to once again put their proverbial hair in the soup with ...
Buyer wants to make an offer contingent on the sale of their home
In the State of Washington, an Offer Contingent on the Sale of the Buyers Home Selling is often fraught with all kinds of issues from the simple inability to get an offer on your Buyers home to the ramifications of waiving vs. satisfying their contingency. On top of all that, there are a myriad of additional forms and addenda that ...
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Condition vs. Objection: Can you tell the difference?
Simply put, a condition can be viewed as a genuine reason not to buy or sell a home and an objection is best described as resistance to or risk of an event or effort. Both conditions and objections are at the core of our industry and how we handle them goes a long way in determining our effectiveness as real ...
Procuring cause: I wrote the deal, I get paid… don’t I?
I’m sure there are several variations on this theme depending on which State in this Union you practice your profession, but the cause and effect are almost always the same when it comes to determining who earned the commission on a real estate deal. This subject is always a great conversation starter amongst us real estate pundits but may be ...
Going hard on your earnest money – are you sure you’re protecting your client?
I recently had a deal where the Buyer’s 30 day Financial Contingency was up and my Sellers wanted to ask the Buyers to waive their financial contingency. My initial reaction was, “In this market?” You see, unlike almost every contingency form in our Northwest Multiple Listing Service Library that has a automatic timeline attached that waives said contingencies once the ...
What recourse is there for this agent now that the paper trail is dead?
An interesting situation I received a call the other day from a former agent of mine (now a Broker of her own shop) with an interesting situation that she thought I could shed some light on. I’m always eager to talk with a fellow professional and I’m particularly excited to help someone for whom I was once their Designated Broker. ...
Washington is about to get a whole bunch of new real estate brokers
Starting July 1st, the Evergreen State is about to join our neighbors to the South in Oregon and become a Broker only State. With that comes a few changes that should (hopefully) mean a higher level of Real Estate Service for our Clients and Customers here in the Pacific Northwest. Licensing Law in the Washington has always been very firm ...
How much time should I spend on blogging and social media?
As an instructor delivering several classes on the subject, I hear this question all the time. Set aside the fact that many agents and Brokers that attend my classes and clinics are just getting started in this medium, I tell them, “No more than an hour a day.” But how much time should one spend marketing and building a community ...
Sobering study on the future impact of the economic downturn
Noted Professor and Gatton Endowed Chair in international banking and financial economics at the University of Kentucky Joe Peek, released a sobering report a few days ago on how the current economic downturn will affect us for the foreseeable future. When I read Professor Peek’s report, I was blown away. Household Reaction to the Financial Crisis: Scared or Scarred? Professor ...
Give your Facebook fan page a website
Whether you have people ‘like you’ or ‘fan you’ on Facebook, your fan page had better be a place to get them more than just your latest micro-post or picture of your newest listing. I suggest giving your fans a landing page that is attractive, informative and best of all…takes them to your blog or website where they can get ...
3 ways to get your blog on your Facebook fan… I mean… Like page
Now that our friends at facebook have made it simpler to like or fan you, perhaps now might be a great time to get some of your blog posts on your ‘fan’…Um, I mean ‘like’ page. I have 3 different ways that I link my daily posts to my fan page (I’m done with the like vs. fan debate for now) that ...
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