Best Sacramento Real Estate Agent
Yes, real estate agents remain independent contractors in the 2019 legislation report from the Sacramento Association of Realtors. This is important to the many who want to remain as a business owner and not an employee of a brokerage. Below is a partial excerpt from SAR, Sacramento Association Of Realtors, report.
This new law follows the Dynamex ruling and puts the ABC test that came out of that case into state law by classifying several types of independent contractors as employees. AB 5 allows real estate agents to be treated as independent contractors under the Business & Professions Code section § 10032 as long as they meet three conditions, 1) hold a real estate license; 2) substantially all of their remunerations is directly related to sales or other output rather than to the number of hours worked, and 3) the parties have a written contract stating that the individual will not be treated as an employee with respect to those services.
A homebuyer can kiss his earnest money deposit goodbye. You may ask, How can a home buyer kiss her money goodbye? The excerpt below in italics is from a blog Elizabeth wrote several years ago. It still holds today. It got me to thinking about a tricky technicality in this deposit forfeiture that you may find interesting.
I represented two buyers on a short sale in Roseville. She and her fiance bought it together. The listing agent was someone who said he was the #1 short sale agent in Sacramento, but, of course, we all know that title was well deserved and earned by the one and only, Elizabeth Weintraub. Well, the couple broke up. Mister buyer went packing, and he had not been removed from the contract, nor did the listing agent ever request it. Should I have removed him, probably, but I knew these two, and they broke up and went back together regularly.
A seller can require buyers to submit offer before seeing a listing. At first, there can be Realtor pushback. Also, we received many buyer’s agent’s phone calls asking if we could please get them in because their buyer really needed to see it. Other agents saying well, good luck, you will never sell it this way. Of course, we would not disregard our seller’s instructions. After about 10 days, we started getting offers. We have received many offers to date.
This property is a tenant-occupied home. They have been there for more than 10 years. The seller did not want his tenants unnecessarily bothered by people looking who really had no intention of buying. We set up an appointment for the agents and buyers to come and view the property during a 30-minute appointment. It is a two-bedroom, one bath, with inside laundry. Most Realtors were pretty understanding, however; one agent complained about the condition of the property. I’m not sure what he expected for $200,000 in a decent neighborhood.
On our Natomas listing, the Realtor takes keys after showing a listing. Can you believe it? Our lockboxes register the time and the buyer’s agent’s contact information. An agent called me 15 minutes after that last Realtor showed it. She said the lockbox was open and no key was in it.
We immediately looked online found the previous agent who showed it and she had taken the key. I called and asked her to please bring it back asap as an agent was at the property waiting to show it and could not get in. Her excuse was that the buyer had handed her all of her keys and she must have gotten them confused. This is why we have vendor boxes on the property as a back up for an extra key.
How much time should a Realtor spend meeting with clients? It depends. At the first meeting, I spend as much time as they need. That can be an hour to 4 or 5 hours on the first meeting. Time spent is based on the clients’ need to feel comfortable and confident in the person they are hiring. Sometimes clients need to spend more time getting to know their Realtor, especially at the first meeting.
I met the nicest people this weekend who had previously worked with our team. This was the first time we met. Together, we walked their piece of rural real estate. It was such an interesting piece of property. There were many beautiful oak trees. This amazing pomegranate tree was just covered with fruit. We picked some fruit together and sat in the shade looking onto the property. There were so many wild turkeys about, too. What a glorious afternoon.