realtor Report Existing Homes Sales

Realtor Report: Existing Homes Sales Rose 4.3% in January
Stockbyte/Thinkstock(WASHINGTON) — Existing home sales increased 4.3 percent in January, according to a report by the National Association of Realtors. Housing units were sold at a seasonally adjusted annual rate of 4.57 million units; a warm winter …
Read more on KGO-AM

Updated Realtor.com app: search for REOs, price-reduced homes
Realtor.com has updated its app for Apple mobile devices to allow users in some markets to search for recently sold homes and listings with price reductions, and to identify listings that have been through the foreclosure process.
Read more on Inman.com

Local realtor Association Helps Fund

Local Realtor association helps fund 40-year growth planning process
By Chlo

Sample Rental Agreement Singapore

Sample Rental Agreement Singapore

Tenancy Agreement

After the Letter of intent is duly signed. The landlord will prepare the Tenancy Agreement. Any legal fees incurred for the drawing up of the agreement is usually borne by the tenant. However, if the landlord’s agreement is acceptable, there will usually not be any legal fees involved.

If the landlord or the landlord’s agent is using the standard IEA agreement, it should be fine. Your agent will then ensure that the Tenancy Agreement is fair and unbiased.

You will need to prepare the rest of the security deposit and advance rental upon signing of the Tenancy Agreement. For 1 year lease – 1 month’s deposit and 1 month’s advance rental. For 2 years lease – 2 month’s deposit and 1 month’s advance rental. Minus the goodfaith deposit (if applicable) that you have paid when signing the Letter of Intent.

These are the important terms you should take note of when signing the Tenancy Agreement:

1. Diplomatic or Escape Clause and Reimbursement Clause

Check for this clause. This clause is to safe guard you if in the event you are no longer employed, transferred to other countries, you can terminate the lease after 12 months by giving 2 months notice. Thereafter, the security deposit will be refunded to you. Please note that most landlords will only include the diplomatic clause if the lease is more than a year.

In a standard Singapore Tenancy Agreement, there is usually the reimbursement clause together with the diplomatic clause. This clause states that if you exercise the diplomatic clause, you will have to reimburse part of the commission the landlord had paid to his agent.

The reason behind this clause is that the landlord had paid the full one month’s agent commission for a 2 years lease but if you terminate the lease by exercising the diplomatic clause, hence unable to complete the full 2 years, you will have to refund the pro-rata commission.

Since landlord grants the diplomatic clause, they will usually demand reimbursement clause to be included in the tenancy agreement.

2. Public Utilities, Telephone and Cable Television

The installation charges and the monthly bills for the following services are the tenant’s responsibility:

SP Services – the water and electricity supply.
City gas – piped gas in selected areas.
Singapore Telecom- residential telephone line.
Starhub Cable Vision (SCV) – cable television and cable broadband internet.

Although at times the tenant can request for some of the fixed bills to be included in the rental amount as a package.

3. Repairs and Maintenance

The tenant is responsible for maintaining the leased premise, carry out minor repairs at own costs. In a standard agreement, the tenant will only be responsible if the amount of the repair does not exceed S0 or S0.

Only major repairs and maintenance would be the landlord’s responsibility provided that the damage or malfunction of appliances is not caused by the tenant’s negligence.

The tenant will have to take up service contract for items such as air-conditioning, gardening, pest control or pool servicing.

4. Rental Amount

Check the rental amount. Sometimes the landlord will divide the rental amount into a. rental of premises, b. rental of furniture and fittings, c. maintenance fees. Just make sure it adds up to the correct amount that you have agreed.

5. Stamp Duty

In Singapore, Tenancy Agreement will need to be stamped by the Inland Revenue Authority of Singapore. Only after the Tenancy is stamped then it can be considered a valid contract as evidence in court for any disputes that may arise in the future with your landlord. This is to protect the interest of both parties. The stamp duty is usually borne by the tenant.

Computation of the stamp duty fee:

ONE YEAR LEASE OR LESS

(rental amount x 12)

250

then round up to the

nearest dollar and

+ for duplicate copy

MORE THAN ONE YEAR to THREE YEARS LEASE

(rental amount x 12)

250

then round up to the nearest dollar then multiply by 2 and

+ for duplicate copy

MORE THAN THREE YEARS LEASE

(rental amount x 12)

250

then round up to the nearest dollar then multiply by 4 and

+ for duplicate copy

6. Term of Lease

The standard lease period is 1 year or more, with or without an option to renew the lease.

Inventory

The landlord will prepare an Inventory List on or before the day of handing over. Check the items listed in the inventory. Check all electrical appliances, air-con, lightings, water heater etc.

If there is anything unsatisfactory, do not panic, note it down on the inventory. Even brand new houses have defects, therefore be understanding and allow the landlord to rectify it within a reasonable period.

Commission

Depending on the duration of the lease, the commission payable to the realtor is – Half a month’s rent for one-year lease and One month’s rent for two-year lease.

Tenant and landlord should ensure that an invoice from a licenced real estate agency is issued to them. Upon payment, do not pay cash directly to the realtor, instead, issue a cross-cheque payable to the realtor’s agency according to the invoice.

We charge the following commission (plus the prevailing Goods & Services Tax):

When rental price is S$ 3,000 or below Tenant / Landlord – 0.5 month commission for 1 year lease and 1 month commission for 2 year lease.

When rental price is above S$ 3,000

Tenant – 0.5 month commission for 1 year lease Landlord – 0.5 month commission for 1 year lease and 1 month commission for 2 year lease.

More Realtor Articles

Killer Lead Generation Ideas

10 Killer Lead Generation Ideas

Picture in your mind a bucket?but not an ordinary bucket. Think of this bucket as one you must keep full?full of leads so that your real estate business doesn’t dry up.

The good news: directly above this bucket are 10 faucets. We can call them “lead faucets.” The bad news: many Realtors don’t use them.

That’s unfortunate, because each lead faucet has powerful potential. And just a little tinkering can mean a steady gush of leads that will keep your bucket filled to the brim.

Let’s look at these 10 ‘faucets’ and how to create a fire hose-strength flow.

1. Past clients?Vital because their referrals come with an implied endorsement of your services. Put past clients into two categories: A – Those who’ve given you referrals, and B – Those who haven’t given you referrals. Set a reminder system to stay in touch with each regularly with cards, calls, small gifts, etc.

2. Internet?A must if you plan to stay in business. Put your focus on responding to the site visitors. Can you respond in 15 minutes? If not, fix it so you can.

3. Interactive Voice Response (IVR)?The hotline numbers buyers can call to learn about properties. Again, ignore technology at your peril. (Incidentally, I have a client who landed 11,298 calls from his hotline number in 2005. His secret? An irresistible call to action.)

4. Sphere of Influence (SOI)?The more you think about your SOI (basically your family, friends and acquaintances) the larger it gets. That “acquaintances” category, for example, should include everyone you’ve met. Think how you interact with those you meet casually?develop the effective 10-second “elevator” speech for them.

5. Signs?Revisit your signs. How can you make them more effective with more eye-catching color and contrast? Do they include an IVR hotline number?

6. Direct mail?It can be expensive, so find out what’s already being sent in the area you’re considering. The two keys here are differentiation?will your mailer stand out and will the offer and the call to action actually produce desired results?

7. Broadcast radio and TV ads?Yes, some may be too expensive. But don’t rule it out completely. Both radio and TV have massive reach and there are deals out there. The key is, if you do go with these mediums, use them regularly. Frequency beats reach?so don’t buy for just a one-shot deal.

8. Print ads?Give them a fresh and thorough inspection. What’s keeping them from really grabbing your target audience by the collar? Often, they lack contrast and that prevents them from being noticed in the first place. Don’t forget to add muscle to your call to action.

9. Prospecting?Absolutely essential. It’s one of just four real dollar-producing activities a Realtor can do. The trick is to schedule time everyday to do it?usually in the morning because it’s the most controllable time of the day.

10. Networking?Choose where you network carefully. There are literally thousands and thousands of groups out there. Be strategic by examining what potential business they bring to the table.

A very funny short parody on realty.
Video Rating: 4 / 5

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Three Br 2zero Ba Sqft

Three BR, 2.Zero BA, 2656 sqft, ,100,000 – Three BR

brooder house.seller is licensed realtor.home in excellent condition.a must see property
This Yamhill

Price: $ 1,100,000

Location
10930 NE 240 Hwy
97111 Yamhill, USA

5704 N. 9th St, Tampa

This classic 3/2 bungalow located in the Hampton Terrace Historic District has been beautifully renovated with classic novelty siding and a metal roof. Beautiful hardwood floors. New custom double paned wood windows for the classic historic look with added efficiency. Reproduction craftsman wall sconces. Open floor plan for the living areas.All new kitchen with granite counters and stainless appliances and pantry. Three generously sized bedrooms. The main bath has been completely redone and features dual sink basins. The large master suite features vaulted ceiling, walk-in closet, a 2nd smaller closet, and other storage space. The master bath features an oversized step-in shower. Both the shower and wainscoting in the master bath have been done with stylish subway tile and fixtures for the period of the home. This home has plenty of storage and good closet space. New electrical through-out the home with both wall sconces and recessed lighting.

Price: $ 170,000

Location
5704 N. 9th St
33604 Tampa (Old Seminole Heights), USA

The Ruthless Realtor Murders

The Ruthless Realtor Murders: A Wyn Lewis Mystery

David A. Kaufelt, Dave Kaufelt,Mass Market Paperback – REPRINT, English-language edition,Pub by Pocket Books

Price: $ 0.98
Sold by Barnes&Noble.com

Most Popular Realtor Auctions

Some recent Realtor auctions on eBay:

1969 City Manager Lynn Andrews St Petersburg Florida Realtor Luncheon Wire Photo

US .99 (0 Bid) End Date: Thursday Feb-16-2012 10:11:54 PST Bid now | Add to watch list

Real Estate pendant pin jewelry REALTOR House sale

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Qa How Realtor Long Dose

Question by : How Realtor long dose it take to become a Realtor and how much dose it cost?
I would like to become a Realtor less then 6 months. What is the best classes or online classes to take up & study? How much will is cost to study?

Best answer:

Answer by Huntsman
There are many realtors out there that are now out of work due to the housing crises. Remember that before 2006, houses were selling faster than people could blink. All those realtors are now begging to scrape a living

Note: Your English needs a bit of help – it makes an impression
Some people out there judge your education by the way you speak
^ not being mean – it’s just the cold hard truth
I definitively would demand a realtor that knows English well

Enroll in a local community college and take something such as accounting or bookeeping

What do you think? Answer below!

How To Sell Your Home In 21 Days Or Less – With Or Without A Realtor
The Secret To Selling Your House In Just 3 Weeks Or Less In A Down Market. Easy Step-by-step Real Estate Program Is The Perfect Solution For Hard-to-sell Homes. Used By Both Realtors & Fsbo Home Sellers. Check Out The New Offline Marketing Strategy.
How To Sell Your Home In 21 Days Or Less – With Or Without A Realtor

Sold! The Ultimate Agent Success System
This Ebook Reveals The Secret Strategies Of Today’s Top Producers. Agents, Realtors, And Brokers Who Follow This Simple Step-by-step System Will Triple Their Production In 90 Days, Guaranteed.
Sold! The Ultimate Agent Success System

Latest Realtor News

1941 REALTOR ad #2


Image by NARinfocentral
One of four advertisements promoting the term REALTOR, created by the Philadelphia Real Estate Board in 1941. From the Archives of the National Association of REALTORS®.

National Association of Realtors membership dips below 1 million
Current real estate professionals will rejoice at the news that Darwin's theory of survival of the fittest has pushed the National Association of Realtors (NAR) membership levels below the one million mark for the first time since March 2004, …
Read more on AGBeat

Chris Anderson takes helm as president of regional Realtors group for women
Ramona Realtor Chris Anderson, GRI, SFR, PMN, CRS, e-Pro of Town & Country Real Estate, was installed as the 2012 president of the Women's Council of REALTORS

How Realtor Long Dose It

Question by : How Realtor long dose it take to become a Realtor and how much dose it cost?
I would like to become a Realtor less then 6 months. What is the best classes or online classes to take up & study? How much will is cost to study?

Best answer:

Answer by Huntsman
There are many realtors out there that are now out of work due to the housing crises. Remember that before 2006, houses were selling faster than people could blink. All those realtors are now begging to scrape a living

Note: Your English needs a bit of help – it makes an impression
Some people out there judge your education by the way you speak
^ not being mean – it’s just the cold hard truth
I definitively would demand a realtor that knows English well

Enroll in a local community college and take something such as accounting or bookeeping

Add your own answer in the comments!

How To Sell Your Home In 21 Days Or Less – With Or Without A Realtor
The Secret To Selling Your House In Just 3 Weeks Or Less In A Down Market. Easy Step-by-step Real Estate Program Is The Perfect Solution For Hard-to-sell Homes. Used By Both Realtors & Fsbo Home Sellers. Check Out The New Offline Marketing Strategy.
How To Sell Your Home In 21 Days Or Less – With Or Without A Realtor

Sold! The Ultimate Agent Success System
This Ebook Reveals The Secret Strategies Of Today’s Top Producers. Agents, Realtors, And Brokers Who Follow This Simple Step-by-step System Will Triple Their Production In 90 Days, Guaranteed.
Sold! The Ultimate Agent Success System