header_image
Your search results

Is an exclusive realtor supposed to know more about the property than a realtor R ...

The obvious answer is “yes, for sure", After all, if the broker received an exclusivity from the seller (up to six months in residential real estate) to represent the seller in the transaction, After all, the same realtor should know everything about the apartment and its owner. So amazingly, The Realtors Act and the Realtors Regulations are "silent" in this matter. The fact, As absurd as it sounds, There is no legal obligation for an exclusive broker to know more material details about the property he is selling (statutory status of building plans…

Why is it a mistake to allow several brokers to market it at the same time?.

Many times I come across a phenomenon where the same property is advertised over time on well-known portals (such as Hand 2 And Madeleine), Both by the owner and by a number of real estate agents, When everyone describes the same "bride" in the same description and in more or less the same pictures, And each one even has a different price tag. When I encounter this phenomenon, And like me I guess most people, When everyone describes the same "bride" in the same description and in more or less the same pictures

Why it is better for the seller to give the broker exclusive, When everyone describes the same "bride" in the same description and in more or less the same pictures.

On his face, Exclusivity benefits the broker, After all, only he can market the property during the period of exclusivity, So if he manages to find the right buyer he will sign the sale agreement, When everyone describes the same "bride" in the same description and in more or less the same pictures. And what about the seller who gave the exclusivity? On the one hand, The seller "put all the eggs in one basket", On the other hand, The marketing activities that an exclusive broker can perform are much more varied and effective than those performed by a non-exclusive broker., …

What does "market price" mean in real estate?, And how n ...

I separate 2 Concepts - between "valuation of a real estate property" (performed by a certified real estate appraiser) and "calculation of market value" that any person can perform. Calculate the market value of a real estate property: for example, The property under examination - an apartment 4 Rooms, Floor 2, Walnut Street No. 7, Herzliya, 110 Mr, Year of construction 2010. Enter the website "Tax Authority - Real Estate Information" (the only reliable site because it is government-public…

Is the real estate agent only a service provider or mainly a representative?.

There are quite a few real estate agents who claim that their job is to provide service to their clients. others, And I am among them, Claim that of course we are service providers (real estate brokerage service), But first and foremost the broker represents his client in the transaction. And why is the distinction between "service provider" and "representative" important? This is because if the broker is considered only a service provider, From this it can be assumed that he can provide service to both parties to the transaction (both to the seller and the buyer), And ostensibly…

Is it worth using a real estate brokerage service?

It is worthwhile for the seller - because through the broker (who works correctly - on this later) he (the seller) will be able to maximize the price he can get from a buyer. It is worthwhile for the buyer - because through a real estate agent, He (the buyer) will be able to be exposed to as many worthy assets that fit his requirements and budget. And what is considered a proper action by a real estate agent? beginning, Decide which of the parties to the transaction (seller or buyer) he represents . This is

A real estate agent is much more than a soup apartment show

Many in the public think that all that is required of a real estate agent is to show a particular real estate property to a potential interested party. So it's not. This is much more than that. It is about understanding and using for the benefit of the seller and / or the buyer representation in concepts and areas such as market value, Permitted use of the property, Building permit, Master Plan, Graduation certificate (form 4), Excessive use, Change of designation, Formulate a land registry, Housing companies, Consent fee, Capitalization fee, Approval in principle for a mortgage, Mortgage towing, Cap…

How can I find out what the market price of a real estate property is?

Unlike real estate property valuation methods performed through a real estate appraiser (according to the comparison approaches / Revenue capitalization / The cost approach - the physical value approach) whose dignity is in place, Every sensible person can check for himself what the market price of a particular property is. This is possible by relying on the "Tax Authority - Real Estate Information" website, which records the sale data of every real estate property in Israel.. This is possible by relying on the "Tax Authority - Real Estate Information" website, which records the sale data of every real estate property in Israel.

Is real estate in Israel a profession or occupation?

Definition of "profession" and "occupation" in Wikipedia: "A profession is an area of ​​activity in which a person specializes and engages in it for a living., When a profession requires extensive professional training…. Occupation is a person's activity for a living, Even one that does not require professional training ". And what does "professional training" mean that differentiates between profession and occupation? Vocational training includes top studies for acquiring a profession, Done in a wide variety of schools (such as universities, Colleges, Schools for practical engineers, Vocational training institutions), And on the way…

"Joint fund" between real estate agents - Is ...

In the first post, I explained what cooperation between brokers is, Why it is good for customers (seller and buyer), And what does "common fund" mean between brokers. In this post I will explain why the requirement for a "joint fund" is harmful to real estate agents. Usually, The requirement to balance the commissions between the selling broker and the buying broker through the mechanism of "joint fund", Comes from the direction of the selling broker who is having a hard time getting a full market commission of 2% In the negotiations he is conducting with the seller. …

"Joint fund" between real estate agents - Is ...

beginning, Brief explanation: In the framework of cooperation (cooperation) between intermediaries, It is customary for a broker representing a party to a transaction (seller / buyer) to cooperate with a broker representing the opposing party, In favor of closing a deal. Why is the cooperation between the brokers good for the client? Seller - This allows the seller (through his broker) to be exposed to a maximum of buyers. Buyer - This allows the buyer (through his broker) to be exposed to maximum assets. In a state of cooperation, The king's way is that every broker charges…

אני נשאל לא פעם ע”י מוכרי דירות–במה מתווך נדל...

One of the reasons for the relatively low use in Israel of the service of real estate agents, Mainly on behalf of sellers of residential real estate properties, Is the lack of understanding that: a. Real estate is a profession for all intents and purposes. B. The mediator's chances of success in obtaining a worthy buyer at a reasonable price, Higher than that of the private seller. third. A licensed and professional real estate agent will assist the seller in the sale transaction, In a way that the price he gets for the seller will be worth at least the cost of the brokerage fee…

Is the real estate agent only a service provider or mainly a representative?.

There are quite a few real estate agents who claim that their job is to provide service to their clients. others, And I am among them, Claim that of course we are service providers (real estate brokerage service), But first and foremost the broker represents his client in the transaction. And why is the distinction between "service provider" and "representative" important? This is because if the broker is considered only a service provider, From this it can be assumed that he can provide service to both parties to the transaction (both to the seller and the buyer), And ostensibly…

Collaboration (cooperation) among real estate agents - PO ...

In the first post, we explained why cooperation between real estate agents is good and consumers, After all, this method undoubtedly contributes to the chance of a sale / purchase transaction being carried out. In the second post, we detailed the first reason why collaboration does not always take place in practice, Although it as stated increases the chance of a deal. The second reason is the feeling of "injustice" among real estate agents who represent property owners - there are quite a few realtors, Some are veterans, Who think it's not fair that they…

Collaboration (cooperation) among real estate agents - PO ...

In a previous post, we explained why cooperation between real estate agents and consumers is good, After all, this method promotes the execution of a sale / purchase transaction. So if it increases the chance of a deal, Why is the collaboration not always carried out in practice? First reason - a financial temptation that is hard to resist - because what is more tempting than winning a double brokerage fee, From both the seller and the buyer, Instead of settling for a brokerage fee on only one side of the deal? In Israel it is a lot…

Collaboration (cooperation) among real estate agents - PO ...

In this series of posts, we will discuss the issue of cooperation between real estate agents, We will explain the meaning of cooperation between intermediaries, Why it's important to consumers, Why this is important for realtors, And what is the connection between the issue of cooperation and the upgrading of the status of the real estate brokerage profession in Israel?. So let's start with the definition of cooperation between real estate agents: the idea is that if - a realtor represents a seller (exclusively or by "consent"), It will succeed in maximizing the potential of buyers by contacting brokers…

Is an exclusive realtor supposed to know about the property he is marketing more than ...

The obvious answer is “yes, for sure", After all, if the realtor received an exclusivity from the seller (up to six months) in order for him to sell his apartment, The obvious conclusion is that the realtor should know everything about the apartment and its owner. So amazingly, The law and regulations of the intermediaries are "silent" in this matter. The fact, As absurd as it sounds, An exclusive broker is not required to know more material details about the property he is selling (statutory status of city building plans, information about …

Upgrading the image of realtors in Israel - third post in the series

Upgrading on a personal level: The goal of every real estate agent is that customers turn to him when they want to sell or buy an apartment. So how do you make the "dream" come true? The mediator should be recognized as an authority / An Authority / Expert in real estate brokerage in the area where he operates (neighborhood / number of neighborhoods / city / locality). Easy to say, But how does a mediator become an authority in his field of practice? There is no closed list (Check list), But it certainly includes experience in the real estate brokerage profession, …

What is the connection between the famous comedy “The Servant of Two Gentlemen ...

The well-known play from the 18th century tells of a servant who in order to get rich, Receives one day two job offers from two masters separately. The plot is based on the tricks of the servant who manages to maneuver between his two masters and barely fulfill the tasks assigned to him, And on the way gets confused between the things he is supposed to bring and what lord, While creating incessant complications, Most are comedians. But in life, lifelike, Such a situation is not a joke, And in commercial life mainly, …

Upgrading the image of realtors in Israel - second post in the series

Upgrading at the public level: because there are no rules of ethics in Israel / Code of Ethics for Real Estate Agents at the Law Level / Regulations / Compulsory Code of Ethics (as there is for example for lawyers, Certified Public Accountants, Doctors and journalists), Realtors must establish and operate only one professional association, With orderly rules and clear rules of ethics, It will have the vast majority of licensed brokers in Israel. The main purpose of the association should be to upgrade the professional status of…

Upgrading the image of realtors in Israel - first post in the series

It is no secret that the image of the real estate broker in Israel among consumers (sellers and / or buyers of residential properties) is not one of the highest, To say the least. The reasons for this are varied, But in the series of posts that this is the first of them, I would like to emphasize how it is possible to upgrade the image of the real estate broker in Israel. So there is the personal level and there is the public level. And what does that mean? On a personal level - it is desirable that the realtor becomes an authority in the field of real estate brokerage…

Yielding Hotel Real Estate - Post Friday in the series

What is better for an investor in hotel real estate - to buy an existing hotel or build from scratch? The answer to this question depends on the nature / experience / desire / abilities of the investor - if the investor also has knowledge and experience in managing and operating hotels, And also knowledge, Experience and ability in initiating real estate that includes both the purchase of land with a hotel master plan and the construction of a hotel from the zero stage to the turn-key stage (for all its complexity), Then it might be better for him financially…

Yielding Hotel Real Estate - Fifth post in the series

Operational efficiency indices in the hotel industry (main indices) Occupancy rate - the number of rooms occupied (hosted) compared to the total number of rooms in the hotel. OPI - Hotel occupancy rate compared to the occupancy rate of the competing hotel group. Average price per occupied room (ARR / ADR) - the average price that guests paid for a occupied room. ARI - The average price per room occupied by a hotel, Compared to the average price per room occupied by the group of competing hotels. Average income…

Income-producing hotel real estate - fourth post in the series

Hotel Guest Classification by Location: Locals Foreign Residents by Accommodation Purpose: Leisure - Guests Who Come for Vacation Purposes, Whether as individuals, Couples, Families or groups. Business - Business people, Self-employed or corporate employees (Corporate), Who came to stay for business purposes, Example of attending congresses and conferences, Or for visits and meetings with professional colleagues. Bleisure Tourism - Business people whose purpose of staying at the hotel is a combination…

Yielding hotel real estate - third post in the series

Hotels can be classified according to the following criteria: By quality of luxury hotels, Hotels / All-inclusive clubs, Boutique hotels, Popular hotels, Apartment Hotels. By Resort Topics - Located on the many resorts and tourism sites in the world, Mainly serving tourists and vacationers. Business - usually located in major cities, Mostly serve business people, Also suitable for conferences and seminars. These hotels may (and should) also be used as resort hotels for non-guests…

Yielding hotel real estate - second post in the series

Hotel management methods: Self-management - the owner of the hotel, Runs the hotel himself and manages all the required operations that include marketing, advertising, maintenance, Operating the operating departments such as rooms, Food & Beverage & Spa, And of course - employs workers, Paying suppliers, Employs external consultants (Adv, CPA, etc.), etc. Management company - The owner of the hotel communicates with a management company which will operate the hotel. there are 2 Types of calls…

Yielding hotel real estate - first post in the series

We are at a very attractive time for those looking to invest in hotel procurement, In Israel and abroad. Although due to the world crisis of the Corona crisis we did not know for a long time, But precisely because of this it is an opportunity to locate the purchase of income-producing hotel properties at particularly attractive prices - and therefore, A wise investor interested in entering this field (income-producing hotel real estate) should not miss such a golden opportunity.. In the following posts we will elaborate and discuss this fascinating topic.

Property Seller - comparison between exclusive brokerage and non exclusive brokergae ...

Exclusivity - non-exclusivity - In order to locate the long-awaited buyer, needs to reach maximum buyers – it can be done through collaborations with all the other brokers in the area, and immediately − to maximize the price of the transaction , the realtor must represent only the seller, via an individual representation of the seller...

Can a real estate broker get a better price for his client....

If the realtor operates according to the "individual representation method", the common practice in the United States and in Isra-Asset, so the answer is yes. As: If the realtor represents exclusivly the seller, he can obtain maximum price, thanks to the fact that he's reaching (relatively fast) as many relevant buyers as possible, then he can make an auction between the interested buyers which will enable him to raise the price. And if the realtor represents a buyer whose looking for purchasing an asset – he will obtain a minimal price for him, thanks to the fact that he's going to present to...

When a broker proudly declares "the apartment was sold" – who really won?.

In a Residential real estate sale transaction usually participate three "players" - a Seller, a Buyer and a Mediator. Let's take a look at what are the desires of real-estate consumers (seller and buyer): seller – asks the broker to get him buyers who can pay for the property above the market price (usually over the price of the market). Buyer – wants the broker to find assets that cost less than the market price (usually much less than the market price). So the broker, which represents the two sides ...

Why the U.S. real estate Brokers succeed more?

The US is certainly a world role model in the Real estate field, because the working method the american use (which differs substantially from the one used in Israel), achieves high success rates, which brings 90% (!) of the Americans to use Brokerage services. In the US, in most cases,there is no way that the same broker represents both the seller and the buyer (= the individual representation method). However, in Israel it is possible and even recommended ...

Why the business model of Israel's brokerage networks hard the Franchisee?

Why is the Israeli franchisee's business model difficult for Israel? The concession period is 5 Years (1st period), When the concessionaire are given the option to extend to 5 additional years (the 2nd period) – It was and the concessionaire wanted to leave within the period (1st or 2nd), It will be fined by the net. The concessionaire have no say in the interest of the concession area and for an exclusive existence/absence of exclusivity.. The franchisee pays the chain of franchise fees in advance for each concession period (concession periods...)

Skip to content