Posts tagged real estate training
How Do I Become A Luxury Real Estate Agent? | Magic Minute Season 3

Los Angeles is FULL of luxury properties, and a lot of real estate agents want in. How do you break into it? First, be patient. It's going to take a while. Expect to work, as an apprentice, for a successful real estate agent for several years. And, insert yourself into their circles. Country clubs, dinners, etc. Why? Because we sell trust, and you have to earn trust (especially when you're an agent buying or selling a multi-million dollar house).

In addition, you'll need to work harder than everyone else. It's competitive, but it pays off.

Thanks for being part of the rebellion and for being here ❤️ Pete

What are Special Assessments? - Magic Minute Season 3

What are special assessments? They may not be the sexiest part of real estate, but we have to know it all, friends!

Generally speaking, this situation comes up in a condo building, when the HOA doesn't have enough money in the reserves to complete repairs. You have to have enough money in the reserves to cover repairs, OR the special assessment gets passed to the condo owner.

Example: If your condo building needs a new roof, and there's not enough in the reserves, you have to pay for it!

My rule of thumb for HOA reserves can help out here. I recommend 25K per unit. Check out my HOA reserves video for more info!

Thanks for being part of the rebellion and for being here ❤️ Pete

What are Contingencies? - Magic Minute - Season 3

What are contingencies? Title, disclosures, inspections... just to a name a few.

Contingencies are the line in the sand of all real estate transactions. Think of them as a protective layer in the deal. If you're a buyer, what does it mean to remove them? Well, tbh, it can be scary. (😱)

Why? Because, once those contingencies are removed and the buyer doesn't go through with the deal, the seller can (and very well might) go after that deposit.

If you are a buyer's agent, make sure you double/triple/quadruple check all the paperwork relating to the contingencies. Because once they're gone 💨 goes that deposit (possibly).

Thanks for being part of the rebellion and for being here ❤️ Pete

Got Toxic Clients? - Magic Minute - Season 3

Real estate agents (and other professionals!), we've all been there.

Toxic clients.

Those clients, that, when the phone rings, you get that unpleasant feeling in your belly. What do we do?! Here's how I handle it. I give it two weeks. If, after two weeks, the client and I still aren't jiving, I let 'em go. It can be hard, but let me tell you, getting rid of clients that suck the life out of you frees you up to do good work for others!

Have any of you dealt with this before? Hit me in the comments.

Thanks for being here ❤️ Pete

The Art of Confidence | Monday Mantra

Today’s mantra is all about the art of confidence. What is it? How do you get it? And how do you use it? Believe it or not I once lacked confidence but through following the techniques I talk about here I managed to smash through my worries and forge ahead. I hope you get something out of this and thanks, as always, for being here. ❤️ Pete

What is an HOA Reserve? - Magic Minute Season 3

What is an HOA reserve? I know, I know… it can seem like a snore. But you have to know this stuff!

Homeowners’ Associations are the governing bodies that help make sure there’s not a meth lab next door to your home or a punk band on the tenth floor of your condo.

The HOA reserves are there for when things like a leaky roof or other big problems arise. And as buyer’s agent, I like to see about 25K per unit in reserve. That helps your buyer feel safe, should something come up!

May not be the sexiest topic, but we need to know it all!

Thanks for being here ❤️ Pete

#ThrowbackTuesday - Leave The Footprints, Don't Follow Them

MEDIA & MARKETING PANEL C.A.R. 2016  

I was invited to speak at the California Association of Realtors Conference in Long Beach, on the Media and Marketing Panel.   As always I will gladly jump on stage to spout about things I'm passionate about and was honored to do so.

One of the main things I spoke about was what I think the secret to being successful in this business is… One word – YOUTUBE.  Lead, don’t follow and find your own information. 

It's funny stepping out of my bubble to see what the rest of my industry is doing and it's always kinda wild to compare what I'm doing.  It seems that real estate, for the most part, is stuck in the dark ages... but I attempted to shine a light on at least my contribution to the industry in this episode of the Vlog...

Leave the footprints, don’t follow them. 

Thanks for being part of the rebellion 

Pete