Earn $50,000 in commissions in one month. Or two. Does that impress you or make you mistrustful? The average commissions for a YEAR for most realtors is $40,000 so to make a promise as bold as $50,000 in commissions in a couple of months is pretty outstanding. Is it possible? The short answer is “yes.” But it takes a whole new level of hard work to get there. It behooves brokerages to help their agents become top producers. Everyone wins! But they often go about it all wrong, offering boot camps or training programs that you’re all supposed to ...
How to earn $50K in Commissions in 2 months or less!
October 7, 2015
10 Essential Property Inspection Toolkit Items
December 29, 2014
If you are a real estate investor, or looking to become one, an afternoon spent with a clipboard and a flashlight, followed by a few hours setting things right with caulking, shingles and a drill, can save big headaches down the road. Here’s RE/MAX West’s list of 11 essential items that you should keep in a toolkit in your car to ensure you always have the tools you need for inspections. Clothing Inspections can be messy. Make sure you purchase a pair of overalls from Canadian Tire to ensure you don’t mess up your outfit. Tape Measure A tape measure ...
Achieve success in 2015!
October 17, 2014
Can you believe the year 2014 is coming to an end in approximately 2 months? Hard to believe, isn’t it? Right now is the time to reflect on your strengths, weaknesses, threats and opportunities of the year! This reflection will help you in creating an AMAZING business plan for the next year. Think about what you have done this year that worked and what didn’t, then think of an action plan that will help you achieve your goals in sales for the next year. Business planning is essential for your business’ growth, and also your own personal growth as a ...
What to Watch for When Buying an Income Property in Toronto.
May 23, 2014
So, you want to start building a real estate portfolio and you require some insights with what to watch for when buying an income property in Toronto. The first thing you must be aware of, is the property performing well with its financial metrics? Analyzing an investment opportunity can be a daunting task, but if done properly it's the first step to financial freedom. The biggest mistake most newbie investors make is misunderstanding the difference between the NOI and CFBT when projecting cash flows. The NOI (net operating income) is the amount of money collected and then expenses are ...
Learn How to Invest in Income Properties in Toronto
May 16, 2014
Selling or buying a house is a complex and delicate operation. Buying or selling an investment property is an even greater task! This is why Re/Max West thought it would be great to share what two of its Realtors are currently hosting 8-10 times per year. Vincent la Fiura and Tony Carnovale have a created a group of professionals that specialize in different aspects of a real estate transaction, they named this group the Real Property Specialists (RPS). Their approach in helping consumers who are on both sides of the spectrum is to educate them in a very simplistic ...
Accountability, a factor in avoiding the roller coaster effect?
April 14, 2014
Avoiding the roller coaster that is so typical of real estate is directly related to the amount of prospecting one does. However, the success in prospecting is obtained by the amount of effort and number of people one speaks to. Over the last 10 years, we have noticed that we only achieve the most success in hitting our targets when we have the support and encouragement of another person. We have coaches, partners, spouses and brokers that act in that capacity and have found that when we did not have that support there to remind us of our targets and goals ...
Can You Use a SKYPE Video Conference for FINTRAC?
January 24, 2014
This is a question which arises from time to time. The scenario is briefly this. As a real estate agent you have a client who has just left the country. You got all the information completed, took all the measurements etc. and you are ready to forward the documents to your client. However, how do you deal with the FINTRAC Identification of the client? Everything else can be completed over the internet, but the FINTRAC requirements present a challenge. Could you actually have a video conference with the client at the other end? You have face to face recognition and ...
What Happens to the Fridge Left Behind by the Seller?
November 28, 2013
Question: What happens to a refrigerator the seller leaves in the house? We recently represented a buyer and after they closed on a house they moved in to find the seller had left the refrigerator. There was no agreement that the seller was going to leave the refrigerator or that the buyer wanted it to be included in the sale. Now several days after closing the seller is asking for the refrigerator. Answer: In Ontario, the first question is to determine whether it is a chattel or a fixture. The contract will govern, but if there is silence on this ...
Pocket Listings are Fraught with Problems for the Unsuspecting Agent
November 22, 2013
The Risk of the Pocket Listing It’s not unusual in the field of commercial real estate for agents to be carrying around a few pocket listings. These are listings that aren’t quite listings. We all know that there are: 1. exclusive listings, and 2. MLS listings. Exclusive Listings These listings are documented by way of a standard listing agreement. The "exclusive box" is checked, and the principal (seller) appoints the agent. It’s then up to the agent to market the property in the way they see fit. Presumably, some kind of a plan was agreed to in advance ...
How to Increase the Value of Condo Townhouses!
September 18, 2013
Everyone is looking for a way to increase the value of their homes. But if you’re in a condominium townhouse development, it may not be quite so easy. However, it may be as simple as installing some security cameras around the complex and posting some signs: Premises under surveillance 24/7 That’s really all you need to do. The fact of the matter is that it conveys the impression that this condo complex cares about security. That scares off the bad guys. Place cameras in a position to view all of the exterior areas of the complex. The most important camera ...