Dickie Baldwin’s Post

Ever wondered how pros determine a property's value? Let's spill the beans on BPOs! 📈🕵️♂️ A Broker's Price Opinion or BPO is like a real estate detective's report, conducted by licensed agents or brokers. It's similar to a CMA but often pays the pro! 🏡💰They investigate the 'subject property,' snap pics, scope out the neighborhood, and dig into MLS data for comps. 📷🏘️ 📊 The Magic Formula? All this info, the subject's photos, and their local market savvy go into a BPO firm's system. The result? A pro opinion that helps estimate a property's value! 🧙♂️💼 🏠 Unlock the secrets behind property values with BPOs! Contact us today at dbaldwin@baldwinadvisorygroup.com or visit our website at https://lnkd.in/gD6djcuB #RealEstateInsights #BPO #PropertyValue

Hey Brokers, are you and your agents ready to smoothly transition with NAR's new commission changes? If you are a current brokerage user of Lone Wolf Transactions (zipForm Edition or TransactionDesk Edition), make sure to email us at FormsPreDesign@lwolf.com with your edits to your customer broker forms ASAP to avoid additional rush fees. Due to extremely high demand and the high influx of requests, please submit your order no later than July 10 to ensure your changes can be made. Any orders submitted after July 10 are not guaranteed to be ready when NAR’s new requirements come into effect on August 17. *Standard rates apply. No need to submit state/local and MLS forms, as we are already working with these organizations to make their necessary changes.

“conspiracy” to inflate realtors’ commissions : settlement to slash real estate agents’ commissions by up to 30% over time and reduce the total number of real estate agents considerably : National Association of Realtors inflated commissions by forcing sellers’ agents to make an upfront payment offer to buyers’ agents : $1.8 billion ‘conspiracy’ verdict that rocked the real-estate industry has turned into a groundbreaking $418 million settlement—settlement NAR require MLS participants working with buyers to enter into written contracts : been standard practice for real estate sellers to set buyers’ agents fees—sellers typically give their own agent a commission of about 6% if the buyer of the property has an agent, the two agents split the commission : fact that the old “cooperative compensation” model for real estate agents still remains a choice for consumers, although it’s no longer mandatory 

Really proud of the team for the efforts they have put into this workflow enhancement and bringing it to market with lightning speed. Change is upon us. Up Front Information needs conveyancers to ensure it's comprehensiveness to harness the benefits and bring speed & certainty to the conveyancing process. Changes to National Trading Standards requirements mean it will soon be commonplace for lawyers to be instructed at the point of property listing. Intelliworks users get to be ahead of the game with the UFI Property Process, ensuring maximum transaction efficiency is experienced once the property is sold. Check out the blog for more details. #legal #conveyancing #property #upfrontinformation

[New Blog] Leveraging the power of upfront information in property sales. 💡 Upfront information as a concept is not new. But simply obtaining information about the #property at the point of listing will have little or no benefit. The key to making significant improvements in transaction speed and certainty is in how the information is processed. Read our blog to find out how #conveyancers can make the most of upfront information > https://hubs.la/Q027b8Zg0 #UpfrontInformation #conveyancing

[New Blog] Leveraging the power of upfront information in property sales. 💡 Upfront information as a concept is not new. But simply obtaining information about the #property at the point of listing will have little or no benefit. The key to making significant improvements in transaction speed and certainty is in how the information is processed. Read our blog to find out how #conveyancers can benefit from upfront information > https://hubs.la/Q026LbY_0 #UpfrontInformation #conveyancing

https://lnkd.in/ePNvuzFy think as an industry we need to eschew obfuscation, i.e. simplify the logistics of commission payments and “co-broking” logistics just doesn’t make much sense anymore. All agents’ compensation should be paid from the sale proceeds at closing vs. listing brokers having to cut co-broke checks to the buyer brokerages - it’s just unnecessary at this point. Do I personally think NAR settlement is a blatant power grab and an opportunistic attack on real estate professionals (consistent with a general attack on small businesses over the last several years), as well as a violation of everyone’s free speech, YES! However, until consumers complain en masse about “fixing” what was never broken or professional organizations like NAR or MLS take it back to court, let’s simplify the logistics of funds flowing straight to both brokerages out of the sale proceeds, disbursed by the closing attorney. Let me know if you have any question about this change. It’s going into effect on August 17, 2024.Book a meeting https://lnkd.in/epxcrSpJ info https://lnkd.in/ehhbqT97 #NARSettlement #cobroke #bostonrealstate #mybostonrealtorkarina 

Read on to learn how a small change in the property transaction process could have a huge impact on the speed and efficiency of the conveyancing process

2022-2023 Breaks Claim Record for REIX The most recent claims year, ending this September 30th, was the highest in 11 years, with 103 claims total.   Key factors worth noting in the high number of claims are an increase in carelessness, miscommunication, and a lack of attention to detail when reviewing documentation. Clients are holding Realtors to a higher standard and Realtors need to be more diligent through the buying, selling and listing process. See the full REIX Blog Post Below https://lnkd.in/gXATiYxV

People Ask. What do you do as a Realtor? 121-131 of the 179 things I do. Contracts: 121. Record and promptly deposit buyer’s earnest money in escrow account 122. Disseminate under-contract showing restrictions as seller requests 123. Deliver copies of fully signed Offer to Purchase contract to seller 124. Deliver copies of Offer to Purchase contract to lender 125. Provide copies of signed Offer to Purchase contract for office file 126. Advise seller of additional offers submitted between contract and closing 127. Change status in Local MLS Broker Marketplaces to Sale Pending 128. Update transaction management program to show Sale Pending 129. Provide credit report information to seller if property will be seller- financed 130. Assist buyer with obtaining financing, if applicable, and follow-up as necessary 131. Coordinate with lender on discount points being locked in with dates Ray Ault 530-945-7807 DRE#01236173 "Your Best Choice in Real Estate"