Provided By Amber Boyd
Source Donna Watchous
Keller Williams Leadership:
The Spotlight on Social Media Class with Michael Tritthart is arriving in the NTXNMM Region on May 4th, 2010. Please get this out to all your agents so they can get registered through their MCA!
Spotlight on Social Media with Michael Tritthart
May 4, 2010
9:00 a.m. – 4 p.m.
The Westin Park Central Dallas Hotel
12720 Merit Drive (SW Corner of Hwy 75 & 635)
Dallas, TX 75251
Cost: $99.00
RSVP through your Market Center Administrator
Who to attend: All Agents
We have complimentary parking at the parking garage across from the hotel (see parking map below).
General Directions to The Westin Park Central Dallas Hotel
From East
Take I-635 West and exit Coit Road. Turn left onto Coit Road. Continue to the 2nd light and turn right onto Banner. The hotel is located on the right.
From Dallas Ft. Worth International Airport
Take the North Airport Exit to Interstate 635 East. Proceed approximately 17 miles. Take the Coit Road Exit, turn right onto Merit, and the hotel will be on the left.
From North
Take 75 South and exit Midpark Road. Follow the service road until you reach Coit Road. Turn left onto Coit Road and go through the 2nd light. Turn right onto Banner, and the hotel is on the right.
From South
Take 75 North and exit Coit Road. At the third stoplight, turn left onto Banner. Continue 1 block to Merit, turn right, and the hotel will be on the right.
Tuesday, April 27, 2010
Thursday, April 22, 2010
Seeing is Believing
Provided By My KW
The Keller Williams culture is oftentimes the reason someone joins Keller Williams Realty. The culture is powerful – it can inspire personal and professional growth. It can even lead to careers worth having, businesses worth owning and lives worth living. But just how do you encapsulate our powerful culture in only so many words? You don’t! The key is to get your potential recruit to experience it – to see it with their own eyes.
Invite them to a Keller Williams signature educational event, such as Masterminds, Mega Camp or Family Reunion. Chuck Fast, regional operating principal at Michigan-Northern Ohio, brought 32 people to a signature event and 27 of them made the decision to affiliate with Keller Williams Realty over the course of that same year.
The Dallas Preston Road market center brought 42 people to a signature event, and over the next two years, saw 36 join Keller Williams Realty.
If you’re in the beginning phases of growing your profit share tree, a big event may be hard to fund. Instead, invite them to regional or local training. Begin by sharing SHIFT. Then say something similar to, “Keller Williams Realty is dedicated to growing the careers of all its associates. It would be an honor if you would join me for this powerful educational event we call Mega Camp. You’ll love it, it will increase your business, and you’ll get to see for yourself what I’m talking about!”
For more methods on maintaining meaningful relationships, check out the Grow your Profit Share Tree course, here.
The Keller Williams culture is oftentimes the reason someone joins Keller Williams Realty. The culture is powerful – it can inspire personal and professional growth. It can even lead to careers worth having, businesses worth owning and lives worth living. But just how do you encapsulate our powerful culture in only so many words? You don’t! The key is to get your potential recruit to experience it – to see it with their own eyes.
Invite them to a Keller Williams signature educational event, such as Masterminds, Mega Camp or Family Reunion. Chuck Fast, regional operating principal at Michigan-Northern Ohio, brought 32 people to a signature event and 27 of them made the decision to affiliate with Keller Williams Realty over the course of that same year.
The Dallas Preston Road market center brought 42 people to a signature event, and over the next two years, saw 36 join Keller Williams Realty.
If you’re in the beginning phases of growing your profit share tree, a big event may be hard to fund. Instead, invite them to regional or local training. Begin by sharing SHIFT. Then say something similar to, “Keller Williams Realty is dedicated to growing the careers of all its associates. It would be an honor if you would join me for this powerful educational event we call Mega Camp. You’ll love it, it will increase your business, and you’ll get to see for yourself what I’m talking about!”
For more methods on maintaining meaningful relationships, check out the Grow your Profit Share Tree course, here.
Monday, April 19, 2010
15 Ways to Sell 15 Houses in the Next 15 Days
Provided By KW Blog
It’s April 15 and home buyers have just 15 days left to get a home under contract to qualify for either the $8,000 or $6,500 Tax Credit. So, what can you do today?
1.Contact FSBO’s and Expireds with an offer for a 15 day listing agreement. Let them know they’ve got 15 days to sell their house before the credit expires and many buyers are out of the market.
2.Have your sellers offer to double the tax credit if you purchase in the next 15 days. Seller can offer assistance with closing costs or a price reduction.3.Call your SOI, Accountants, and Financial Planners and say, “Hey there are only 15 days till the tax credit expires. Who do you know that doesn’t want to miss out on either 8k or $6500?”
4.Create urgency in the sellers to get the price down into the next pricing bracket down. This will expose the home to more prospective buyers and the seller can then move to their next house and get the $6500 credit if they qualify.
5.Practice Buzzard Real Estate – If you live in an area where investors have a lot of equity, contact them and let them know that now is a great time to sell it and buy homes in other distressed areas like Las Vegas, etc.
Click here to go to the MAPS Coaching blog for the rest of the tips: http://bit.ly/cjjQqp
From Guest Contributors: Maps Coaching and Coach Beth Torrence. Beth put this post together from notes she gathered at this week’s Masterminds, a MAPS Coaching signature event, which was held in Austin, Texas.
It’s April 15 and home buyers have just 15 days left to get a home under contract to qualify for either the $8,000 or $6,500 Tax Credit. So, what can you do today?
1.Contact FSBO’s and Expireds with an offer for a 15 day listing agreement. Let them know they’ve got 15 days to sell their house before the credit expires and many buyers are out of the market.
2.Have your sellers offer to double the tax credit if you purchase in the next 15 days. Seller can offer assistance with closing costs or a price reduction.3.Call your SOI, Accountants, and Financial Planners and say, “Hey there are only 15 days till the tax credit expires. Who do you know that doesn’t want to miss out on either 8k or $6500?”
4.Create urgency in the sellers to get the price down into the next pricing bracket down. This will expose the home to more prospective buyers and the seller can then move to their next house and get the $6500 credit if they qualify.
5.Practice Buzzard Real Estate – If you live in an area where investors have a lot of equity, contact them and let them know that now is a great time to sell it and buy homes in other distressed areas like Las Vegas, etc.
Click here to go to the MAPS Coaching blog for the rest of the tips: http://bit.ly/cjjQqp
Thursday, April 15, 2010
The Changing Face of RESPA
Provided By Julie Lane, VP of Legal and Compliance
Source Keller Williams Blog
Come January 1, 2010, the new and improved Real Estate Settlement Procedures Act of 1974 (RESPA) will be fully en force. Considering this is the first sweeping change in the home buying process since 1974, it is worthy of our full attention. The new RESPA means more than new forms-it means major changes in the way real estate closings happen.
The key motive of RESPA’s new rules is to make sure consumers understand loan costs and binding parameters before singing the closing statements.
With mountains of paperwork at the closing table, there is little chance that borrowers are going to spend the many hours necessary to wade through the documents. What’s more, borrowers, especially would-be first-time homeowners, may be intimidated by the process and miss the opportunity to seek competing settlement services that could save them money.
As a real estate broker, here’s what you need to know: the new rules may impact your ability to refer business to title companies, inspectors and others you typically work with as part of the sales process. RESPA wants to make it easier for borrowers to shop for the lowest-cost, most convenient closing services by mandating borrowers receive a written list of settlement service providers. That comprehensive list includes closers, appraisers, real estate brokers, title examiners, attorneys, underwriters, pest inspectors, mortgage insurers, loan processors and other settlement service providers.
Since borrowers will receive a laundry list of competing settlement service providers, they may be inclined to shop around for the best price, even if it only means saving a couple of hundred dollars.
This is the crux of the matter as it relates to real estate practices and comes in the wake of industry abuses. Some in the real estate industry have received kickbacks for referring consumers to mortgage brokers, appraisers and other professionals along the road to homeownership. In some cases, those referrals may not have been in the best interest of the homeowner based on price or serviced provided. In other cases, the real estate agency owned the title firm or the appraisal firm at non-competitive prices.
As we move into 2010, be aware of how you might violate RESPA to avoid any issues. The chief concern is giving the appearance of kickbacks, whether in the form of money, ownership interest, marketing help or other arrangements. There is a fine line between collaboration and violation of RESPA and it can be a complicated issue.
The good news is, HUD announced that that it will be lenient in the first 120 days of enforcement of the new RESPA regulations going into effect January 1, 2010 so long as good faith efforts are made to comply. Still, in order to avoid any confusion, you should consult with an attorney about full compliance with the rules.
Source Keller Williams Blog
Come January 1, 2010, the new and improved Real Estate Settlement Procedures Act of 1974 (RESPA) will be fully en force. Considering this is the first sweeping change in the home buying process since 1974, it is worthy of our full attention. The new RESPA means more than new forms-it means major changes in the way real estate closings happen.
The key motive of RESPA’s new rules is to make sure consumers understand loan costs and binding parameters before singing the closing statements.
With mountains of paperwork at the closing table, there is little chance that borrowers are going to spend the many hours necessary to wade through the documents. What’s more, borrowers, especially would-be first-time homeowners, may be intimidated by the process and miss the opportunity to seek competing settlement services that could save them money.
As a real estate broker, here’s what you need to know: the new rules may impact your ability to refer business to title companies, inspectors and others you typically work with as part of the sales process. RESPA wants to make it easier for borrowers to shop for the lowest-cost, most convenient closing services by mandating borrowers receive a written list of settlement service providers. That comprehensive list includes closers, appraisers, real estate brokers, title examiners, attorneys, underwriters, pest inspectors, mortgage insurers, loan processors and other settlement service providers.
Since borrowers will receive a laundry list of competing settlement service providers, they may be inclined to shop around for the best price, even if it only means saving a couple of hundred dollars.
This is the crux of the matter as it relates to real estate practices and comes in the wake of industry abuses. Some in the real estate industry have received kickbacks for referring consumers to mortgage brokers, appraisers and other professionals along the road to homeownership. In some cases, those referrals may not have been in the best interest of the homeowner based on price or serviced provided. In other cases, the real estate agency owned the title firm or the appraisal firm at non-competitive prices.
As we move into 2010, be aware of how you might violate RESPA to avoid any issues. The chief concern is giving the appearance of kickbacks, whether in the form of money, ownership interest, marketing help or other arrangements. There is a fine line between collaboration and violation of RESPA and it can be a complicated issue.
The good news is, HUD announced that that it will be lenient in the first 120 days of enforcement of the new RESPA regulations going into effect January 1, 2010 so long as good faith efforts are made to comply. Still, in order to avoid any confusion, you should consult with an attorney about full compliance with the rules.
Tuesday, April 13, 2010
Increase Your Distressed Properties Pipeline
Provided By Keller Williams Realty
Source Winning With Foreclosures
Short sales and foreclosures represent more than 40 percent of all home purchase transactions in the United States. For buyers looking to leverage current market opportunities, that’s a large pool of untapped homes.
The “Winning with Foreclosures” Seminar, PowerPoint and additional resources, is an opportunity to educate buyers on the benefits of buying a short sale or foreclosed property while positioning yourself as a local expert in this field.
Teach It:
The main tool in this kit is the PowerPoint presentation for your workshop session. In field tests, and at Family Reunion, the presentation took about 30-45 minutes to deliver. The presentation covers:
> Definitions – Basic definitions of key terms buyers will hear and need to understand.
> Benefits – The top three distressed property purchase benefits for buyers.
> Action steps – Five key steps that can lead buyers to a successful short sale or REO purchase.
> Rules of the Road – Rules of the road in buying—underscoring a number of key differences between traditional real estate purchases and short sale or REO purchases.
> Market Realities – How to seize the buying opportunity by understanding six key realities driving distressed property markets.
> Myths and Truths – Key myths about distressed properties—and the truths about these myths.
> Checklist – A short checklist buyers can use to tell they are ready to move ahead with finding and buying a distressed property.
> The presentation is designed to position you as the local expert in this field – and to involve participants in the workshop.
In addition to the PowerPoint Presentation, the following resources are also available to help you promote your “Winning with Foreclosures” Seminar:
> Flier you can customize to promote “Winning with Foreclosures” sessions you hold.
> Email header you can include in any email invitations or follow ups you send out about the workshop.
> 16-page attendee handout, filled with illustrations, headlines and bullet points designed to: 1. remind attendees what they heard in your workshop, and 2. prompt follow up with you about the possibility of buying.
Source Winning With Foreclosures
Short sales and foreclosures represent more than 40 percent of all home purchase transactions in the United States. For buyers looking to leverage current market opportunities, that’s a large pool of untapped homes.
The “Winning with Foreclosures” Seminar, PowerPoint and additional resources, is an opportunity to educate buyers on the benefits of buying a short sale or foreclosed property while positioning yourself as a local expert in this field.
Teach It:
The main tool in this kit is the PowerPoint presentation for your workshop session. In field tests, and at Family Reunion, the presentation took about 30-45 minutes to deliver. The presentation covers:
> Definitions – Basic definitions of key terms buyers will hear and need to understand.
> Benefits – The top three distressed property purchase benefits for buyers.
> Action steps – Five key steps that can lead buyers to a successful short sale or REO purchase.
> Rules of the Road – Rules of the road in buying—underscoring a number of key differences between traditional real estate purchases and short sale or REO purchases.
> Market Realities – How to seize the buying opportunity by understanding six key realities driving distressed property markets.
> Myths and Truths – Key myths about distressed properties—and the truths about these myths.
> Checklist – A short checklist buyers can use to tell they are ready to move ahead with finding and buying a distressed property.
> The presentation is designed to position you as the local expert in this field – and to involve participants in the workshop.
In addition to the PowerPoint Presentation, the following resources are also available to help you promote your “Winning with Foreclosures” Seminar:
> Flier you can customize to promote “Winning with Foreclosures” sessions you hold.
> Email header you can include in any email invitations or follow ups you send out about the workshop.
> 16-page attendee handout, filled with illustrations, headlines and bullet points designed to: 1. remind attendees what they heard in your workshop, and 2. prompt follow up with you about the possibility of buying.
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