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Bryant Tutas's Blog – April 2009 Archive (4)

Transaction Brokerage

But I'm representing the transaction. NOT!!!

I have heard that so many times, I thought I best try and clarify, what being a "Transaction Broker" means. In Florida all Realtors are presumed to be "Transaction Brokers" unless disclosed differently. Personally, I think this was a great change in how we as Realtors are able to "represent" our customers. There I said it "represent our customers." Yes, folks "Transaction Brokerage" IS a type of representation.

This seems to be… Continue

Added by Bryant Tutas on April 28, 2009 at 7:00am — No Comments

Writing an Effective Purchase offer.

What can Buyers and their REALTORS® do to make their offers more appealing to Sellers? As, primarily a listing Broker, I can assure you it's not always about the price. So what do I look for in an offer? What can a REALTOR® do to ensure that their Buyer's offer is taken seriously? A purchase offer, just like most things, is all about the presentation. If you want it to be taken seriously then present it seriously. So here are some tips:

It must be in writing. Now folks to me this is… Continue

Added by Bryant Tutas on April 15, 2009 at 8:30am — No Comments

How are commissions split?

Today I want to briefly talk about commission splits.

Every Real Estate Transaction has two sides. Selling side(buyer) and Listing side (seller).

If you are working with a Buyer and "sell" a property you have earned the selling side or Co-broke commission. This portion of the commission is then split according to your commission arrangement with your Broker(me).

The listing agent is always entitled to the listing commission regardless of who sells the property.… Continue

Added by Bryant Tutas on April 9, 2009 at 7:00am — No Comments

Buying Short Sales.

When purchasing a Short Sale the negotiations are between the Buyer and the Seller. Once price and terms are agreed a contract is signed by both parties and the property goes into pending status. A part of the purchase agreement is an addendum stating that the purchase is contingent (subject to) the Seller’s lender agreeing to accept less money (short) than what is owed them.

Getting the lender to agree to accept less is a process that can take 2 weeks or 2 months. Basically… Continue

Added by Bryant Tutas on April 2, 2009 at 3:00pm — No Comments