The Ken Jones Real Estate Show: Recent Episodes
Ken Jones
Ken Jones is an award-winning real estate broker, appraiser and analyst who provides specialized real estate training and advice to real estate agents and investors. Here, Ken reveals all of his real estate sales, marketing, management, and analytical knowledge to help maximize your real estate business productivity. Discover how you can work smarter to significantly increase your income while cutting your work hours and expenses with easy-to-use technology, a blog, podcast, social media, Facebook, Twitter, YouTube combined with "old school" techniques that still produce great results. Ken also draws on his extensive appraisal and analytical skills, including his vast experience as an Expert Witness to provide easy-to-understand insights to the most complex appraisal and investment issues.
The importance of the housing industry to the economy of the United States can't be over stated. Consequently, a vibrant housing market is essential to its economic health and stability.
In this episode of The Ken Jones Real Estate Show, Ken analyzes the conflict between the cost of housing and the relatively low level of resale housing inventory as it relates to the importance of selecting the presidential candidate whose policies and credibility are most likely to improve our economy and our housing market.
This is an unbiased, fact-based analysis that's both very informative and very important, regardless of your political views.
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Should Sellers Pay Buyer Agents?
This is one of the most hotly debated and controversial issues in the residential real estate brokerage business and has serious legal and financial implications for home sellers, homebuyers, and real estate agents.
In this episode, Ken explains the substance of the lawsuits, judgments, and settlement agreements against the National Association of REALTORS®, as well as the historic changes to the way real estate agents must now deal with sellers and buyers.
He also discusses the fact that many agents and major national brokerage firms are making a concerted effort to circumvent the new commission sharing rules by coercing sellers into paying buyer agents.
If you're a homeowner, a homebuyer, or a real estate agent, this is one episode of The Ken Jones Real Estate Show that you do not want to miss.
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If you're a real estate agent, you know the residential real estate business has just undergone some historically radical changes.
Now that all the big changes from the National Association of REALTORS® lawsuit settlement agreement have gone into effect, now what?
How is this going to impact your business?
Are you going to make less money?
Are you going to have work harder just to survive?
Are you going to encounter more competition?
I discuss all these issues, and more, in this episode of The Ken Jones Real Estate Show.
This is a "don't miss" episode for serious real estate agents.
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Buyer agents are now legally required to have a home buyer sign a buyer-agency contract outlining a variety of things, including how long the contract will be and how much the buyer may have to pay them before the agent is even allowed to show that buyer a house; a house the buyer may not even like.
In this very short DO-NOT-MISS episode of The Ken Jones Real Estate Show, Ken discusses this overburdensome regulation that puts the buyer agent in a very difficult, no-win situation.
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There's a historically chronic problem in the real estate brokerage industry, specifically in the residential real estate brokerage industry. A problem that is going to have very serious consequences on that sector of the real estate brokerage industry unless something major is done to correct it.
That problem is the virtual absence of professional training of residential real estate agents, especially regarding their understanding, or the absence thereof, of their legal responsibilities.
In this episode of The Ken Jones Real Estate Show, I address this issue headon to shine a spotlight on this critically important subject.
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There's an old saying in the real estate brokerage business that says, you've got to list to last.
In this episode of The Ken Jones Real Estate Show, I explain why becoming a listing agent is more important than ever due to all of the changes that are taking place in the residential real estate brokerage industry will likely wipe out a large percentage of buyer agents.
Don't miss it!
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Are all these lawsuits against NAR and the major real estate brokerage firms providing a valuable service to the general public?
Did the Biden Administration play a part in generating or promoting these lawsuits? If not, why did the Department of Justice (DOJ) get involved in them?
Why is it only the residential real estate brokerage sector of the greater real estate brokerage industry being singled out in these lawsuits?
Is it all part of a greater plan to destroy the residential real estate brokerage industry?
If these issues concern you, listen to this episode of The Ken Jones Real Estate Show to hear Ken's examination of these issues and his opinions.
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There have been a significant number of unusual events surrounding the numerous lawsuits against the National Association of REALTORS® (NAR) and many of the major residential real estate brokerage firms in the United States.
In this episode of The Ken Jones Real Estate Show, I identify many of these unusual events, my analyses of them, and what leads me to question if the federal government, through the use of the U.S. Department of Justice, is intentionally trying to bankrupt the NAR and these major brokerage firms with the goal to destroy the residential real estate brokerage business.
I look forward to your thoughts and opinions on this topic.
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The settlement of the latest lawsuit against the National Association of REALTORS® and major real estate brokerage firms (which is pending court approval) has residential real estate agents concerned about the future of their businesses.
In this episode of The Ken Jones Real Estate Show, Ken explains the issues and provides insight as to how agents can use what appear to be very damaging events to their advantage in providing a new and higher level of service to the public.
This is a "must listen" episode for real estate agents, brokers, and anyone thinking of buying or selling a home in the United States.
Click Here - Document Download Link
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There seems to be a growing negative reaction to the new commission sharing changes brought about by the verdict against the National Association of REALTORS®, Keller-Williams, and Home Services of America, Inc.
In this episode of The Ken Jones Real Estate Show, I lay out the most serious of these negative reactions and offer my views on why I believe this one, if actually carried out, may cause even more serious legal sanctions on the residential real estate brokerage industry.
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A lot of real estate agents and brokers are unaware of what branding is and what it's not. They also interchangably use the terms "marketing" and "advertising," as if they were the same thing (which they definitely are NOT).
In this episode of The Ken Jones Real Estate Show I define each of these terms, explain their proper use, and give practical examples of each so they can be easily remembered.
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In the 30 states (including my home state of New Jersey) that permit a real estate agent to act as a Transaction Broker, they provide Buyer-Agents what I think is the perfect solution to work with buyers and continue to be paid from the listing agent's commission. Listen to this episode of The Ken Jones Real Estate Show, and I'll explain why and how to perform as a Transaction Broker.
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CHANGE is the only constant that continually occurs throughout the entireties of both our personal and business lives; it is an inevitable and unavoidable fact of life.
As for the changes that occur in our businesses, they're generally easier to predict and to prepare to overcome.
So, why do most real estate agents fear change and do nothing to anticipate future changes and prepare for them? Don't they know that if they don't change they'll be left behind?
Listen to this episode of The Ken Jones Real Estate Show and I'll explain why and also tell you how you can (and should) prepare for future changes in our business.
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The fallout over the landmark $1.78 billion verdict against the National Association of REALTORS®, Keller-Williams, and Home Services of America, Inc. continues to deepen and expand throughout the far corners of the residential real estate industry, including a featured article in the Sunday, November 19, 2023 edition of the New York Times.
In this episode of The Ken Jones Real Estate Show, I answer some of the most popular questions being asked by residential real estate agents pertaining to how they may be able to move forward in the rapidly and radically changing residential real estate industry.
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Considering the fact that the National Association of REALTORS® and major national real estate brokers were found guilty of conspiring to overcharge home sellers and the jury awarded the home sellers $1.78 billion in damages, the question many residential real estate agents are asking is, will residential buyer agents continue to exist?
If you're a buyer agent, a prospective home buyer, or a real estate broker-owner, you won't want to miss this episode of The Ken Jones Real Estate Show wherein I discuss this issue, do my analyses, and offer my opinions about what I believe the future holds for residential buyer agents.
If you're a W-2 employee who wants to learn the first steps you must take to start building your personal wealth by investing in real estate, listening to this episode of The Ken Jones Real Estate Show.
In this episode, I tell you what the most important preliminary steps are that must be taken, and the order in which they should be done before you buy your first investment property.
I'm also providing a FREE PDF template you can download and use to develop your savings budget.
This Special Bulletin Episode of The Ken Jones Real Estate Show.
In this episode, Ken gives an update and identifies some of the potential impact on residential real estate agents as a result of the verdict in the class-action lawsuit brought by home sellers against The National Association of REALTORS® (NAR), Keller-Williams, and Home Services of America, Inc. being the Defendants.
The issue of real estate agents who represent property owners sharing their commission with a buyer's agent (or a tenant's agent) has become front and center in a major class-action lawsuit against the National Association of REALTORS®.
In this episode of The Ken Jones Real Estate Show, Ken Jones does a deep dive to explain the legal and ethical reasons why both residential and commercial listing real estate agents should NEVER share their commission with a buyer's agent or a tenant's agent.
In this episode of The Ken Jones Real Estate Show, listen to Ken explain his "Small Ball" real estate investment strategy and its many options that will help the small investor build wealth.
If you're an individual who works for a living and you're interested in building your personal wealth by investing in real estate, but you have no knowledge or experience about how or where to start, this episode of The Ken Jones Real Estate Show is for you.
In this info-packed episode of The Ken Jones Real Estate Show, Ken discusses the major class-action lawsuit against NAR (which is the acronym for the National Association of REALTORS®) and four major real estate brokerage firms filed against them by several homeowners who are claiming damages that, theoretically, could amount to billions of dollars.
Ken identifies all the players, breaks down and explains the issues and allegations, and cites some of the major changes that have already taken place in just the last couple of weeks.
PLEASE NOTE: The correct name of this case is "The MOEHRL Case.'
He also provides insight into some of the potential changes that many in the residential real estate industry anticipate may come about as a result of this case.
In any event, if you're interested in the residential real estate industry, as a buyer, a seller, an investor, an agent, or any other interested party, you won't want to miss this episode of The Ken Jones Real Estate Show.
During my 18-month absence from The Ken Jones Real Estate Show, I realized that due to the state of our economy and the declining social structure, many people are facing a gloomy financial future.
After doing a lot of thinking and soul-searching, I made some major decisions about how I could use my award-winning 50+ year real estate career experience to help others build their own personal wealth which I describe in this episode of The Ken Jones Real Estate Show.
In this episode, Ken explains why marketing is the most important lead generator, especially for real estate professionals and also provides an overview of a successful marketing plan.
In this episode of The Ken Jones Real Estate Show, I define the meaning of the three essentials of a successful business which are branding, marketing, and advertising, and explain the differences between them and the benefits of each.
In this episode of The Ken Jones Real Estate Show, Ken explains the benefits to real estate professionals from charging higher fees and how charging low fees hurts their professional credibility.
In this episode, Ken discusses what some consider the 3rd rail of real estate appraisal topics which is the question of whether appraisers are really necessary for home mortgage financing.
Real estate sellers, particularly commercial real estate sellers, want and need more than a real estate agent who only wants to list and sell. In this episode, Ken explains why agents who can't provide more seller services are going to be left behind.
Listen to Ken explain the benefits of professional training and how he exposes the "hucksters" who pretend to be trainers but never sold real estate.
The Pro-Act is a major piece of legislation that will likely reclassify real estate agents as employees. Listen to Ken analyze and discuss the impact on the real estate industry he anticipates if the Pro-Act becomes law.
In this episode, Ken warns of the life-threatening dangers of being a person selling real estate, whether it's a homeowner, a commercial property owner, or a real estate agent. Ken also offers solutions to help protect yourself against violent criminals.
In this episode, Ken gives a detailed explanation of how to estimate the value of an income-producing property that's occupied by a tenant with a lease. Understanding how to do this is essential to every real estate investor and real estate agent.
In this episode of The Ken Jones Real Estate Show listen to Ken define and explain the differences between "real estate" and "real property rights" and why it's important to your real estate.
In this unique episode of The Ken Jones Real Estate Show, Ken answers the listener's questions about real estate and his personal life.
In this episode, Ken explains the different types of real estate agency relationships and specifically defines an exclusive seller's agent and the benefits of buyers and sellers having their own agent representative.
Listen to Ken explain eminent domain, condemnation, and inverse condemnation and his real-life examples of how government COVID-19 lockdown regulations may actually be inverse condemnations that property owners and business owners may be able to sue of damages to the value of their property or business.
Listen to Ken explain why all businesses rely on income from sales and that all businesses, even the most highly skilled professional service providers, can generate more leads and make more sales using his multi-synchronous marketing system.
In this episode, Ken explains the reasons why real estate agents should generate their own leads and stop wasting money and endangering their business buying leads.
Listen to Ken explain the benefits of a highest and best use analysis. Ken also provides a very detailed example of both how a highest and best use analysis is performed, the many different people who can benefit from a highest and best use analysis.
In this episode, Ken explains the benefits of his concept of the proven successful "Continual Closing" method vs. the antiquated method of the summary closing technique.
In this episode, Ken identifies the 5 top reasons why homes don't get sold and explains the causes behind each of those things.
Ken also tells you what a home seller should look for and questions to ask when considering hiring a real estate agent to help sell their home.
In this episode of The Ken Jones Real Estate Show, Ken explains the roles and the responsibilities of real estate agents who represent sellers and buyers, what they're legally required to do, and what they're legally restricted from doing.
In this powerful and very detailed episode, award-winning real estate broker, appraiser, and trainer, Ken Jones, analyzes and explains the many factors that influence and cause a person to become a successful real estate agent.
In this episode, Ken discusses and analyzes whether or not there's been or is likely to be an impact on both commercial and residential real estate values from the COVID-19 health crisis.
In this episode of The Ken Jones Real Estate Show, Ken discusses the issue as to whether or not real estate actually depreciates in value over time.
Listen to Ken explain the many differences between the various types of real estate agents that a homeowner should consider before deciding whether an agent's commission for selling their home is fair and reasonable.
In this episode, Ken provides answers to commonly asked questions about real estate appraisals.
He explores and explains the definition of an appraisal, provides an explanation as to why there is no "expiration date" for an appraisal, as well as doing an in-depth analysis about the critical importance of identify the Date of Value.
Anyone who's interested in or who is a user of real estate appraisals will find this to be a very informative and entertaining episode.
In this episode, Ken defines and explains the differences between real estate training, coaching, and mentoring.
He also provides further insight into which type of program is best suited for different types of real estate agent based on their level of experience, as well as their business situation.
Finally, Ken discusses the issue of what he calls, "coaching mills" which are those high-profile, nationally known coaching companies with super-star coaches who charge large fees, require long-term commitments, and force the agent/client to use a predetermined program.
This is one of the most important episodes of The Ken Jones Real Estate Show.
In this episode, Ken provides factual evidence to support his opinion that real estate is the best investment and why investing in real estate is especially good for the small, individual investor.
To help you understand the numbers discussed in this episode, Ken created an Excel spreadsheet that you can use to follow his explanations. The spreadsheet includes the cash-flow example from the hypothetical 4-family property used in comparison to investments in common stock and U.S. Treasury bonds.
If you're interested in real estate investing, this is a "DO NOT MISS" episode of The Ken Jones Real Estate Show.
If you're thinking of becoming a commercial real estate agent, I strongly recommend that you listen to this episode of The Ken Jones Real Estate Show.
In this episode, Ken identifies and explains the vast differences between being a commercial real estate agent and being a residential real estate agent.
He explains what types of issues and skills that are necessary to become a commercial real estate agent that are vastly different from being a residential real estate agent.
What is Investment Grade real estate is unquestionably one of the most commonly asked questions I've had for decades.
It's amazing, at least to me, just how many different so-called "definitions" I've heard to define investment real estate.
Well, in this episode of The Ken Jones Real Estate Show, I'm going to give you my perspective on what is - AND - what is NOT investment grade real estate.
In this episode of The Ken Jones Real Estate Show, Ken deals with one of the most difficult situations for a sales person to deal with: rejection.
Ken explains, that it doesn’t matter if you’re selling real estate, life insurance, cars, or if you’re selling magazine subscriptions door-to-door; rejection is very difficult for most sales people to deal with.
You'll find his analysis of this problem and some of his solutions to overcome it to be unique and very helpful.
In this episode Ken identifies and explains the top 5 reasons why new real estate agents fail to last more than 2 years in the residential real estate brokerage business.
So, if you're thinking about becoming a real estate agent or know someone who is, you should definitely listen to this episode of The Ken Jones Real Estate Show.
In this episode of The Ken Jones Real Estate Show I address the debate about who really makes more money; a real estate agent who works in a traditional fee-split firm, or an agent who works in what's called a "100%" firm.
For those of you who don't know, there are basically two types of real estate brokerage companies that an agent can work for:
1. A so-called "fee-split" company where the broker provides various services to the agent and they share the commissions generated by the agent, and
2. A "100%" company where the company doesn't provide anything to the agent, the agent pays all of their own expenses, including advertising, and where the agent is paid 100% of the commissions they generate.
To determine which type of agent makes more money, has a greater return on their invested dollar, and has the lowest level of risk, I create a scenario where I pretend to be an agent who's deciding which type of agent would be more profitable.
To do this, I developed a list of expenses that each type of agent would typically have. I then made the assumption that - under both the fee-split and 100% scenario - the same agent would generate the same number of transaction units at the same price, generating the exact same amount of commission.
Download Agent Income & Expense Sheets at https://KenJonesRealEstate.com/blog
In this episode, Ken discusses the very hot safety issue of whether or not it's a good idea for home sellers to use video surveillance to monitor buyers and real estate agents when their selling their home.
Ken raises some very important questions regarding the expectation of privacy of buyers and real estate agents, as well as the laws that govern the legal use of video and audio surveillance.
Finally, Ken offers his professional opinion as to whether or not a home seller should use video surveillance to monitor prospective buyers and their agents and the reasoning for his opinion.
In this episode, Ken discusses the problems with real estate agents paying for leads and explains how they can generate their own leads by developing their own multi-synchronous marketing program more effectively and for far less money.
He also discusses the numerous potential sources of leads, how to reach those lead sources, and how to get their attention and set themselves apart from their competition.
In this episode, Ken identifies the 29 Undeniable Truths About Real Estate.
These "truths" are about real estate, in general, as well as the real estate brokerage business. They're things that virtually every experienced real estate agent and broker knows or believes to be true, but rarely shares with the public.
In addition to being informative, this is a pretty humorous episode. And, we hope you enjoy it.
In this episode of The Ken Jones Real Estate Show, Ken builds on the information in his last episode entitled, Are Real Estate Agents Independent Contractors.
Based on the information in the previous episode, Ken explores his vision of what the real estate brokerage industry would look like if real estate agents were employees.
He examines the issues of how agents would function as employees, how this would benefit agents and brokers, and how it would especially elevate the image of the real estate brokerage industry in the eyes of the general public.
If you're a real estate agent or broker, or have an interest in the real estate brokerage business, this episode will definitely open your mind to a world you probably haven't even considered.
For decades real estate agents have been led to believe that they're independent contractors. However, the IRS does not classify them as independent contractors, and a number of recent state and federal court cases have also resulted with the indication that real estate agents may well be employees.
Listen to Ken go through this issue step by step, describing the various applicable IRS definitions, as well as providing information and analyses of 5 major state and federal lawsuits.
Hear Ken discuss the issue of what does and what does not add value to your home.
In this episode, he explains why many added features don't add value to a home. And, why adding certain features may actually reduce the value of your home.
Ken also explains how to avoid spending money on additions to your home that may either not add value, or may even reduce the desirability and value of your home.
In this episode of the Ken Jones Real Estate Show, Ken discusses the question of whether or not the Multiple Listing System is Irrelevant. He explains the purpose of the multiple listing system (MLS) and how it's become an expensive and highly regulated entity. Ken also discusses the extremely high cost of becoming and maintaining membership(s) in an MLS and contrasts that to the use of free consumer websites, such as Zillow.
Data Sources:
Zillow/Trulia Website Statistics
Realtor.com Website Traffic Statistics
FEMA Flood Maps (Free)
New Jersey Association of County Tax Boards (Free)
Maricopa County Assessor's Website (Free)
The 1031 Tax Deferred Exchange is arguably the best available benefit to those seeking to built wealth by investing in real estate; it's also one of the most commonly misunderstood.
In this episode of the Ken Jones Real Estate Show, you'll learn how you can quickly build your real investment portfolio by deferring the payment of federal capital gains income tax by following the simply procedure contained in the Internal Revenue Code § 1031.
In this episode I outline all of the requirements of IRC § 1031 you'll need to follow in order to comply with the provisions of the 1031 Exchange. I also explain these rules in practical, easy to understand terminology, including:
The definitions of "relinquished" property and "replacement" property.
- The specific time frames that must be followed;
- The definition of a "qualified intermediary";
- The role and responsibilities of the "qualified intermediary", and
- Who can - and who CANNOT act as your "qualified intermediary.
I can say, without any reservation, if you're truly serious about becoming a real estate investor, or improving your present real estate investment portfolio, this 1031 Tax Deferred Exchange episode is one of the most important and most beneficial thus far in the Ken Jones Real Estate Show series.
Don't Become a Zestimate Victim deals with the issues that, in my opinion, pose dangers to sellers and buyers who unwittingly rely on those so-called "home value estimates" posted by online real estate advertising websites such as - BUT NOT LIMITED TO - Zillow.com and Trulia.com.
I start this episode by generally explaining the concept of value. I also explain that because value is so subjective, there's no scientific method for arriving at a precisely "correct" value. Even as a professional appraiser, I can only offer my clients and "opinion" of the value of their property.
I also point out the significant differences between the vastly inaccurate home value estimates frequently stated on the various real estate advertising websites and those provided by your local, professionally competent real estate agent and appraiser who analyze the most recent and most relevant local data to provide the most accurate value estimate you can obtain.
Although, Don't Become a Zestimate Victim is primarily directed toward home sellers, the same issues also effect home buyers as well.
NOTICE: The term "Zestimate" is the Zillow.com term for their home value estimate. I use the term as a generic label for all online home estimates. It's neither my intent nor the purpose of this opinion piece to isolate Zillow.com for criticism and it should not be interpreted as such.
An Introduction to Flipping is the first of several episodes that I'm going to do to provide insight into the subject of the business of flipping real estate. (Yes. It's a business - NOT investing.)
Ever since I started the Ken Jones Real Estate Advisor website and the Ken Jones Real Estate show I've gotten dozens and dozens of requests to teach how to become a real estate flipper.
So, I've decided to cover this subject, starting with a general overview of what flipping real estate is all about.
In this episode in which I deal strictly with the single-family home, you'll learn the basic concept of flipping and how to find potential flipping candidates.
You'll also learn all of the steps involved in achieving a successful flip project, from how to figure out hot much you should pay to buy it, how long it will take to turn it around or "flip" it, and how to calculate your profit.
CAUTION: This is only an introduction to flipping; there is MUCH MORE to learn than is contained in this episode before you even begin to think about undertaking a flip project.
What Kind of Investment Property Should I Buy is one of the most commonly asked questions I hear from new real estate investors. It seems they're more confused and perplexed about this issue that any other problem they face.
Perhaps it's because there are so many different types of real estate to consider. Or, maybe they're looking not to make a fatal mistake on their first try.
But, whatever the reason, I'll discuss what I believe are the most important issues for the new real estate investor to consider in this episode of The Ken Jones Real Estate Show.
This is relatively short episode (only about 24 minutes). But, it's ham packed full of very useful information.
So, sit back - put on your headphones or hook-up your iPhone to your car audio system and get ready to get some really good advice that will answer that age-old question, What Kind of Investment Property Should I Buy?
Financing your investment real estate covers the essentials of understanding how to obtain the right type of financing for you and your investment property.
In this episode, I discuss the various traditional & non-traditional lending sources, their typical lending requirements, and the differences between a commercial real estate loan and a residential home loan.
LINKS:
Veterans Administration
Federal Housing Administration
Federal National Mortgage Association - FANNIE MAE
Federal Home Loan Mortgage Corporation - FREDDIE MAC
An Introduction to Income Producing Real Estate is a "must hear" show for those who are new to real estate investing, including new real estate agents.
In this episode, I identify the 7 major categories of real estate and give examples of each. I then concentrate on explaining both the general physical and economic characteristics of the 3 main categories that the typical real estate investor is most commonly involved with.
I also take you through the various aspects of the leasing practices typically associated with residential property, retail and office properties, and various industrial uses, including flex buildings, as well as general and distribution warehouses.
In this show I discuss the very important issue of risk and provide a detailed definition. I also explain how to measure the level of risk associated with a real estate investment and the steps you can take to minimize your risk.
Understanding risk and how to identify it and measure it is absolutely critical to the success of both the newbie who typically has very little understanding of the dangers involved in real estate investing, as well as the experienced real estate investor, who may be seeking to get involved in either an unfamiliar market area, or investing in a new and different property type.
This show also details the differences between "investing" in real estate and "speculating" in a high-risk venture.
Regardless of your experience as a real estate investor, this is a very important show that you should not miss.
Plan Your Success - Setting Your Investment Goals is the second in Ken's multi-show series based on his book, The Basics of Real Estate Investing - The 10 Things You Must Know.
In this show, Ken explains the critical importance of setting a realistic investment goal. He also provides guidance on how to go about create your goal, as well as a detailed explanation of how to create a practical strategy to reach your goal.
An Introduction to Real Estate Investing is the first in a series of shows that will provide guidance about real estate investing to new and potential real estate investors.
In this show, I discuss the importance of evaluating your personality for strengths on which you can and should capitalize, and to recognize your weaknesses and how you might be able to compensate to prevent them from holding you back from being a successful real estate investor.
Another major point of this show, is the importance of establishing what I call, "resource relationships", being relationships with other real estate industry professionals.
I also point out the importance of building a business relationship with an active and experienced commercial real estate agent, and how the real estate agent is the central player in the real estate universe in which you're entering as an investor.
An Introduction to Real Estate Investing will give you a basic understanding of the things you should be thinking about in preparing yourself to get a head start in the right direction as a new real estate investor.
Summary:
In this show, Ken explains the legal and financial risks associated with dual agency and how to minimize or totally avoid those risks.
Ken also identifies all of the different types of real estate agency relationships that either a buyer or seller may have with a real estate agent. He also explains each type of agency relationship, including various examples of each.
Goals:
- Define and understand the terms "Agent" and "Agency"
- Provide an understanding of the legal relationships a real estate agent may have with a buyer, tenant and seller.
- Provide an understanding that each state has different legal agency relationships that an agent and a consumer may agree upon.
- Learn why Dual Agency exists vs. other types of real estate agency relationships
- Understanding the risks of Dual Agency to buyers, sellers and agents
Links:
Arizona Ass'n of REALTORS® - Real Estate Agency Disclosure and Election Form
New Jersey Ass'n of REALTORS® - Consumer Information Statement
Florida Statute Chapter 475-279- Authorized Brokerage Relationships; Presumption of Transaction Brokerage; Required Disclosures
This is the very first in The Ken Jones Real Estate Show series.
In this show, Ken Jones briefly introduces himself and gives an overview of his "world view" of the real estate industry.
He also explains how this show will help make you more successful in your real estate dealings, whether you're an agent, an appraiser, an investor, or just someone who's curious about real estate.