Real Estate in Puerto Rico (Bienes Raíces en PR) Residential and Commercial Puerto Rico Real Estate.

What Is a REALTOR®?

A real estate agent is a REALTOR® when he or she is a member of the (NAR) NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate® -- the world's largest professional association.

The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics. Not all real estate brokers or agents are REALTORS®.      

 Founded in 1908, NAR has grown from its original nucleus of 120 to today's 720,000 members. NAR is composed of residential and commercial REALTORS®, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to one or more of some 1,700 local associations/boards and 54 state and territory associations of REALTORS®. They can join one of our many institutes, societies and councils. Additionally, NAR offers members the opportunity to be active in our appraisal and international real estate specialty sections.

REALTORS® are pledged to a strict Code of Ethics and Standards of Practice. Working for America's property owners, the National Association provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.  In Puerto Rico, the term REALTORS® is used incorrectly when one addresses any real estate broker or agent as a REALTORS®.  If they have not gone through the strict selection process an pledge to a strict code of ethics, they are brokers or agents not REALTORS®.  Warren Rodríguez is a member of the NAR, and consequently a REALTOR®.

 

 


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Extra Realty, your Puerto Rico (PR) Realtors®.


20 Ways Realtors® Successfully Market Homes


by DeLena Ciamacco, Realty Times®

One of the most important jobs your REALTOR® can do for you is the effective marketing of your home. It is important for home sellers to understand that there are several things they may not understand about marketing a home. A good Realtor can make it look easy, but the reality is that marketing the home well is the product of experience - knowing what works and doesn't work so that the home will sell quickly and for the highest dollar possible.

A professional Realtor will help you market and sell your home in at least 20 different ways:

1. Make your home more marketable by giving you recommendations on preparing your home to show.

2. Help you determine the right price by preparing a detailed market analysis of comparable properties sold within the past 6-8 months and by providing current market conditions.

3. Submit your property to the Multiple Listing Service.

4. Display a yard sign highlighting the special features of your home.

5. Develop a personalized brochure emphasizing the best selling features of your home.

6. Be prepared with alternative ways for buyers to finance your home and discuss the best options for you (the seller).

7. Schedule tours of your home for top producing agents from your Realtor's office and other offices to view your home first hand.

8. Develop a personalized "JUST LISTED" flier to be distributed door-to-door to neighbors and in nearby move-up and rental neighborhoods.

9. Advertise in publications that will attract Buyers to your area and price range, including newspapers, home magazines, and the Internet.

10. Schedule open houses, as needed, to stimulate activity. Although few buyers buy the home they view at an open house, it is a good way to keep the home before the public.

11. Keep you informed as often as possible (usually on a weekly basis) of current market conditions by providing: feedback on showings, copy of all ads your home is advertised in, sold properties in your area and other competition on the market.

12. Review your property's market placement after 30 days if it hasn't sold and make recommendations on what to do to get it sold.

13. Sort out prospects by: Pre-qualifying Buyers, Screening lookers and answering questions about your home specifically.

14. Sell Buyers on taking action by knowing the neighborhood, competing properties in the area and the many special features your home has to offer.

15. Negotiate the purchase agreement and, in doing so, represent your best interests. There may be situations in which dual agency applies.

16. Assist the buyer or buyer's Realtor in finding the best financing alternatives, if needed, to keep the transaction in place.

17. Coordinate all of the closing details:

  • Follow up with buyer's mortgage application
  • Order and schedule an appraisal
  • Provide appraiser with comparable sales
  • Order all titlle work
  • Order lender's pay off
  • Coordinate all inspections ie. termite, gas, radon, well, septic,property inspection and other certifications (if necessary)
  • Review the statement figures for accuracy
  • Arrange for Power of Attorney (POA- if needed)s

18. Be on hand to handle last minute contingencies concerning the contract, inspection, appraisal or any thing else not completed before closing.

19. Accompany you to closing and help you through the settlement procedure.

20. Stay in contact to make sure everything is in order and to see if the Realtor can be of service again.



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