Articles & News On Insurance

How and When to Fire Your Realtor

Ever felt that your real estate agent or broker wasn't doing his job and you wanted to "fire" him? Usually firing him is often as simple as paying a penalty of $250 or less, but you have to carefully read the "termination clause" in his Listing Agreement. Have your attorney review it and, if necessary, go directly to the Board of Realtors? in your state if he is uncooperative.

Firing your realtor? usually requires a certified letter to the realtor? and/or his broker (boss) and may have additional requirements in some states to be legally binding on both parties. If you don't get a "Signed Release" you might have to pay double commissions at your closing. A simple "It hasn't worked, you didn't perform as expected" should be enough when he asks why he is being fired. We have seen realtors? file liens against properties for unearned commissions even before a sale was made just to keep the homeowner from firing him.

Should you find a buyer during the Listing Period and you fire your realtor? to save the commission, you can expect to get sued and may lose in court. This is the same as telling a perspective buyer to come back after the expiration of the Listing Agreement to get a better price. Are you sure that buyer isn't another realtor?? It may be costly to find out. Treat other people as you would like to be treated.

You may have had a misunderstanding of how a realtor? works when you signed the Listing Agreement, especially if an unscrupulous realtor? wants a listing badly enough, he may overstate the value of the property so the homeowner signs with him. This practice is called "buying the listing" and can be very hurtful to homeowners because their property doesn't sell and stays on the market too long without offers.

Realtors? do not sell houses, they sell listings to homeowners, and the realtor? with the most listings, gets the most houses sold by other realtors?. It is industry knowledge that realtors? personally sell about 5% of what they list, but get paid on almost 65% of what they list because of other realtors selling their listings. Successful listing agents are often fired because they aren't selling properties as such, just listings.

Generally, if you change realtors?, your MLS? listing will be pulled because you are no longer represented by a seller's broker. An alternative to paying a full service agent, is to use a "flat-fee" MLS? listing agent and save ? or more of the commission. A real benefit of this new MLS? listing is that your DOM (days on the market) counter starts over at zero and your listing appears on the "Just Listed" wire flash.

How could this unpleasantness been avoided? First, a homeowner should take it upon himself to determine the fair market value of his home. The key here is to not get an appraisal where the appraiser simply does a "drive by" and doesn't see the interior of your property. With this limited information, he will evaluate your home based solely on the information he finds in the public record. The information in the public record does not take into account any internal improvements to your home or its condition, so ask for a "full appraisal". Determining the fair market value of your home is critically important in selling your home whether you use a realtor? or if you do your own sale as a For Sale By Owner or "FSBO" to save the commissions.

Secondly, if you choose to use a realtor?, you should interview at least five to see what they offer. Look at their advertising package, its frequency, their experience, and their personal sales of their own listings. Just listing in the MLS?, on Realtor.com?, a yard sign, an occasional open house, and a listing in free magazines, is not enough. You can do all these forms of advertising yourself at much less than one-half percent (? %) of your home's value. If you are told by a realtor? that he has a buyer for your property, but won't show your property unless you list with him, offer to sign a "single listing" agreement for his specific client only.

Thirdly, read the cancellation clause and have your attorney review it before you sign any Listing Agreement. A little time spent here can save you thousands of dollars later. Serious reasons for termination can include misrepresentation, acting in bad faith, or even fraud.

In summary, be in continuing contact with your realtor? and if you are unsatisfied with his performance, tell him so. If he is unresponsive to your requests, especially for an "Open House", fire him immediately. If you do fire your realtor?, always get a Cancellation Letter or Signed Release so you know you are free to sell your home without paying a double commission.

Dave Dinkel has over 30 years experience in real estate investing which has given him a unique perspective into the workings of the real estate market. He has developed a CD entitled "How to Sell Your Home in as Little as 72 Hours", available at no cost for a limited time by going to http://www.fsbotlc.com and he shares even more techniques and secrets in his homeowner's home study course at http://www.fsboautopilot.com

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Home Insurance Quote: Home & Renters Insurance
Home insurance comes with many responsibilities, one of which is to have adequate home insurance that not only protects you, but also your family If you rent a house or an apartment, renters insurance is also a good idea

Life-insurance-toronto | Health Care Insurance And The Political Issue Related To It
It is important for everyone to buy an insurance policy, there are reasons behind it First one is that once you have bought an insurance policy, you are secured about your future health related problems

Universal Life Insurance - Protection For a Rainy Day - Health Insurance Policy
Today we do not have time to exercise and even do not have time to prepare and have healthy food We just rush to the office without having a proper breakfast and we satisfy our selves with having the breakfast in the odd hours in the office canteen with fast foods like the pizzas and the burgers

Whole Life Insurance | Whole Life Insurance Is Superior Then Other Life Insurance Policies
In most cases where people do not take up a life insurance and if you ask them the reason for not taking up the life insurance, you will come to know that people feel that investing money in life insurance is a dead investment and waste of money But that is not the case if you study and do a research, you will find that people generally get more then what they have invested

Universal Life Insurance | Life Insurance Can Protect Your Family During Tough Times
Many people do not believe in taking up life insurance seriously Either they are careless or they feel that they do not require life insurance for them and that they can take care of their future

Life Insurance Or Mortgage Life Insurance?
Buying your house is a huge investment, and purchasers are finding that life insurance is a more flexible and less pricey alternative to the mortgage life insurance they buy from a bank. This makes life insurance another brick in the foundation of a good financial plan.

A Life Insurance Comparison: Whole Life Insurance Versus Term Life Insurance
What type of life insurance might fulfill your assurance needs This article is a life insurance comparison about whole life insurance versus term life insurance

Term Life Insurance | Health-Insurance Its Benefits For A Normal Person
Health insurance is something that most people don't think about very often and yet it is something that when comes foremost to mind when a loved one is sick Health Insurance coverage varies across the world, even across the different states in the United States of America

Car Insurance Online Quotes - Antique Car Insurance
The opportunity to own an antique car is worthwhile because it will likely never be repeated; just like everyday cars though, they require insurance. With such interest in old cars you will not be surprised to learn there are antique car insurance companies that take a particular interest in insuring this type of vehicle. Of course, with so many classic car insurers available, an owner should not have a problem insuring their prized possession and probably won't have to pay over the odds for the service.

Insurance for your Auto and Insurance Quote for You
With the rising frequency of automobile-related accidents, auto insurance is needed more than ever. In fact, auto insurance is compulsory for many of the world's drivers, who cannot go out on the open road without a policy in the first place. In the United States, penalties are placed on drivers without auto insurance. As a responsible driver, you will need insurance for your auto and an insurance quote in order to decide which policy you should purchase.

SASid and Markel Insurance Company Introduce Short Term Medical Health Insurance for Individuals and Families
SASid, Inc. and Markel Insurance Company announced today that they have joined together to offer short term health plans for individuals and families. With the new Smart STM plans, consumers will be able to purchase health insurance over the internet or through independent insurance agents or brokers. The plans offer affordable, comprehensive health coverage for a broad array of commonly used health care services, and provide online user reviews and tools to help consumers make educated health care decisions.

Term Life Insurance | Life Insurance is a Must For a Family Person
Are you a family oriented person and are really worried about your family and their future Are you the only person earning in the family

e-Quote Car Insurance Now Provides Comparison Shopping for Home, Health & Life Insurance
In addition to receiving free car insurance quotes, users can now compare rates from the nation's leading insurance agencies on home, health and life insurance plans.

Life Insurance Canada | Life Insurance Protects Your Family From Financial Mess
Life insurance is one expense that everyone should do in order to safe guard your family?s future Many people do not like to invest money in life insurance