Question Details

Ruthless, Other/Just Looking in 60558

What have you learned from Trulia Voices?

Asked by Ruthless, 60558 Mon Nov 12, 2007

For example:

I learned that in California they don't use attorneys for everyday real estate transaction. In Illinois it is customary to use an attorney. When someone from CA read about getting a lawyer in IL, they thought that meant the situation had escalated to lawsuit level.

Some local Multiple Listing Services (MLS) use quarter fractions (.25) to describe bathrooms. All agents know what a quarter or three quarter bath is but most list only full or half in the MLS.

Some areas rely heavily on square footage numbers to determine value and other areas won't even tell you an approximate sq ft. And if all the homes in a neighborhood are 2000 sq ft except one is substantially larger or smaller, you cannot accurately calculate the value of the exception using the average sq ft figure.

Consumers now have the ability to do their own "Comparative Market Analysis" (CMA) but the experienced local Realtor is still needed to properly interpret the data.

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Answers

13
BEST ANSWER
Good Morning from WNY, Ruth. I have been a short time Trulia member, but I have learned that people do like to hear themselves talk and give their opinions. Me included. I have learned that there is more than one way to skin a cat (please no offense, I am a cat lover). I have loved learning about the other ways people do business in this industry. The differences from state to state are very intriguing! I am sure that I will learn more and more as I participate, but one of the biggest things I have learned, is sometimes I have way too much time on my hands and I need to get out and do some personal prospecting! So I'll see ya!
2 votes Thank Flag Link Wed Nov 14, 2007
Ive learned that the same question is brought up about a hundred times, and the same people give the same answers me included. There are a couple Realtors that want to instigate flame wars, then get upset and call the other Realtors gangs. I also learned that There are many areas Trulia needs to work on. There are so many out of state questions that need to be adressed by out of state agents. I wish Trulia would make a bulletin format start page so we can click on our state, to see all the state questions. Then we could basically not wonder into other states to answer there questions. But we could all congregate in the general area, and other areas to rekindle the old days when it was all one column of answers mushed together. I wish. Hold on I got a idea for a New question. Thanks Ruth for letting me vent.

But to answer you question, i have learned that consumers still need our help. I just hope the barriers of us making money could get off there heads long enough to let us help. This is our profession and career how we put a roof over head and food on the table. I would hope they would understand and learn that. We donot all care about money, just what is fair.
3 votes Thank Flag Link Mon Nov 12, 2007
Shoot, I learned more than I care to admitt. I learned about a slew of websites I can put my listings on. Now I am teaching this to other agents. Who knew. I found I am slow to respond to new technology. I have learned that Patrick has a crazy personality. I learned that there
2 votes Thank Flag Link Tue Nov 13, 2007
I have learned that everyone's opinion has value.
1 vote Thank Flag Link Wed Nov 14, 2007
Ruth, I am ok. My sister called and I got distracted and finished prematurely. Sorry for that. My dog does sit in my lap when I am on the computer and rests her head on my left arm which impedes my typing.
1 vote Thank Flag Link Wed Nov 14, 2007
Actually Ruth come to think about it, i have learned about alot of other technology facts about what other agents are using in the industry like websites and such. I'm glad i have learned something after all.
1 vote Thank Flag Link Tue Nov 13, 2007
Thank you for responding IIona. I see that you discovered Trulia about 4 months ago. What have YOU learned from Trulia that you didn't know before?

Thanks,
Ruth
1 vote Thank Flag Link Mon Nov 12, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
Hi Ruth
It sounds like you have become quite an educated consumer which is always great! Just like any line of work, there are people who specialze in particular things. Hiring a Realtor is always benefical as we know the ins and outs of the business, it's our job to be educated in all aspects. Each state is different as far as how closings are handled. Arizona is a title state where the title company handles the transactions,no lawyers are needed. Actually the realtors are looked at as the 'legal' representation. Of course if matters arise, lawyers are always advised to be contacted. They are not needed in day to day transactions.
i think it's great that Trulia has come up with this site so that consumers can ask experienced realtors questions without any strings attached.
Best of Luck!
Ilona
Web Reference: http://www.ilonapoka.com
1 vote Thank Flag Link Mon Nov 12, 2007
Congratulations Cynthia for Best Answer.

EVERYTHING you said is dead on the money!!!
Ruth
0 votes Thank Flag Link Tue Nov 20, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
I just learned that the listing agent doesn't have to give a co-broke to the buyer's agent if that buyer's agent isn't a member of their MLS. What this means to me is that all the people that want to get a real estate license in order to collect the commissions on their purchases can be shut out. It also allows the listing agent to not cooperate with a statewide discounter/rebater if that discounter/rebater isn't paying MLS fees in all the boards where the properties are located.

Please correct me if I understood this wrong.

You learn something new every day.
Thanks,
Ruth
0 votes Thank Flag Link Wed Nov 14, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
I've learned that I miss DEBORAH!!!
And I don't get enough sleep. Good night all.
Ruth
0 votes Thank Flag Link Tue Nov 13, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
Carrie:
Are you OK? What happened? You just stopped in the middle of a sentence.

Maybe your dog jumped on your computer and sent your post before you were done. The one thing I say more than anything else is, "Dogs, no typing."

Ruth
0 votes Thank Flag Link Tue Nov 13, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
I've learned that Judi Bryan in Bloomingdale, IL can explain *Agency* in Illinois so that someone can actually understand.

Thanks, Judi.

Come on folks, what have you learned?
Ruth
0 votes Thank Flag Link Mon Nov 12, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
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