Darryl talks about the different titles real estate agents are called and what they mean.
Real estate agents have different titles they can be called. You’ve probably heard of the terms agent, associate, broker and broker associate. This can be confusing to the public, so let’s discuss what they mean.
Long ago, we were all called agents, but there were certain duties you’d have to perform which created a mess. The law now states that we are sales associates, and this cleared up some of the duties that are required for a broker and the broker’s agents. While, you can still call your associate a real estate agent, our legal title is sales associate. This new title protects home sellers and buyers, by preventing an agent from performing certain duties that could potentially cause a problem. But, you’ll hear most people refer to us as a real estate agent, associate, broker or broker associate. And these names at times can be used interchangeably.
The difference between a real estate broker and an agent or associate, is the broker has a higher level of experience. They’ve also undergone additional testing. These individuals receive a new license to show that they are a real estate broker. They can have their own company with associates working for them.
Brokers report to the real estate commission. When managing sales associates, they are required to make sure everyone is following the rules and regulations of the real estate commission. This is why, if you’ve encountered an issue, your real estate agent may need to check with their broker. This ensures all laws are being followed.
Sometimes, you can have a broker act as an associate, hence the term broker associate. While they have all the experience, skills and the license required to be a broker, they’ve decided to step outside of the management role, and act solely as a sales associate. And, this is what I’ve done. I am a real estate broker, but I’ve decided to focus on helping home buyers and sellers, instead of managing associates.
For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com.
Ron Whitaker speaks about Optimist International Club – how they help our local community, and how you can help too.
Local events bring people within a community together, whether it’s an activity, or a cause. It’s beneficial both for the community and its members. Connecting people through events allows people to have a sense of belonging, form meaningful relationships and feel inspired to help others in their community. In addition to these benefits, it also helps support local businesses and the local economy.
Optimist International helps communities by creating local activities for our youth. This provides children with positive community experiences, allowing them to develop to their full potential. Volunteers feel more connected with people within their community. They find that they enjoy speaking with local kids, and learning more about what good things they are doing in their lives.
They’re celebrating their 100th year anniversary this year. Optimist International’s vision statement is, “Optimist International will be recognized worldwide as the premier volunteer organization that values all children and helps them develop to their full potential.”
Optimist International of Tulsa, OK unites youth by hosting local community activities such as junior golf and fishing derbies. Other events Optimist International hosts are scholarship activities and Junior Optimist International. They work to teach youth to be kind to others, make others happy, have a cheerful outlook and look at the positive side of things. Sometimes, it’s hard to do these things when life is challenging. That’s why it’s important to have constant reminders to keep a cheerful outlook. Asking yourself, how are you going to positively impact someone this week is a good reminder.
What can you do to help? Optimist International could use help with events, raising money or joining our meetings. While many individuals worry that they’ll sign up for something that they aren’t able to commit to, there are many volunteer opportunities big and small. Many individuals running events need help with simple tasks, such as making sure an event has plates. And, you’re not required to attend meetings nor is this an organization that will be a financial burden to you.
If you’d like to see what Optimist International is all about, join us for our local fishing derby on June 2nd in Mohawk Park. There are also activities being held at Fortune Park and in the surrounding towns – Jenks and Broken arrow. If you’d like more information about the events or volunteering, you can call/text Ron Whitaker at 918-249-8353.
For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com.
Darryl & Stan review a listener question about paying for an inspection as a buyer, and the possible risks involved.
As a Tulsa, OK homebuyer, part of your responsibility is to pay for a home inspection before you can close on the property. An inspection acts like a piece of extra insurance and can be used within the negotiation process of buying your home. If something remiss, such as leaking pipes, comes to light from an inspection, you, the buyer, can renegotiate the sale price or come to an agreement with the seller as to who will pay for the repairs.
In getting specialized reviews of a home done, such as an inspection or appraisal, there is a risk that something will be revealed which could lead to the deal falling apart. For example, if an inspection reveals repairs that need to be done, a new inspection may be needed to confirm the work has been done properly.
Another example is the potential of a seller to reject an appraisal from the buyer’s lender. If the appraisal comes in lower than expected, they may not want to sell to you after all. They could decide to hold out for a buyer with a lender willing to cover the loan for the listing price they have decided on.
Whatever the reason, if an inspection or appraisal doesn’t go as hoped for, having an experienced Realtor® on your side is a valuable resource for any homebuyer, or seller. As a realtor who understands the local market, I use my experience to help my clients know what to expect, to understand the possible risks, and to also help negotiate with the other parties involved. The goal is finding solutions everyone can agree with.
With an experienced Realtor® who has their clients’ best interests in mind, homebuyers can face the risks of the unknown becoming apparent with confidence. My goal is to not only help you but to also educate and give you the resources you need to make the best-informed decisions for you own needs. Before you hire an agent, give this idea some thought, then check out the 20 Questions I have compiled which can help you start the conversation with potential agents.
This in-depth guide is a valuable resource to assist you through the process of finding the right agent. Download my FREE homeseller and homebuyer report, “20 Questions You Absolutely Must Ask Your Next Agent Before You Sign on the Dotted Line for a complete list of questions to include in an agent interview when hiring a Realtor®.
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4706 S. 178th E. Ave. Broken Arrow. $259,000, 3,000 Sq. Ft. 2-story home with 4 bedrooms, 3 of which are on the lower level. Located in Stonegate neighborhood.
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For a complete list of active listings, visit homeguidetulsa.com
For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com
Darryl and Dan Newberry of TTCU discuss what Limited Credit means and how you may still be able to buy a home with it.
We all know credit plays a large role in determining how much and what kind of home loan you can qualify for. But what do you do if you have little to no credit? People with what the industry terms Limited Credit can still buy a home in the Tulsa, OK area, it just takes a bit of creativity and the right lending partner.
Limited credit refers to people who, for whatever reason, just don’t have much credit history. Often this applies to high school graduates and college students, but it can also apply to the financially prudent person who pays cash for everything. While this can save you money, (no interest fees to pay), it can make it harder to get a mortgage.
When lenders look at an applicant’s financial records, they need something to show payment history which reflects on how responsible a person is regarding their finances. Credit scores are a key way this history is provided for many lenders. Without credit cards, car loans or previous mortgages you may not have enough of a history for a lender to feel comfortable taking on the risk of lending you money.
Companies such as TTCU can work with Limited Credit homebuyers. There can be other solutions which can help you get the loan you need for a home. Examples include using an alternative line of credit, such as rental history and utility bills, to show how well you pay your bills.
If you have limited credit and want to buy a home in Green Country, visit www.ttcu.com to learn about the different options available for home mortgage loans. For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com
Our discussion with Steve from Murray Electric reviews the benefits of having an expert you can call for help
We all have things we need to get done at home, and often we can take care of them ourselves. But when you are faced with an issue you don’t have experience in or are stumped as to what the source of a problem may be, you can save yourself stress and time by calling on an expert to help.
When it comes to electrical concerns at home, here in the Tulsa OK metro area and Green Country, we have an excellent resource to turn to. The folks at Murray Electric follow a similar business model to eXp Realty, providing help and support with compassion and understanding. So many of us get the run around when we call a business seeking answers, a human voice seems almost impossible to reach. Not with Murray Electric, there is a person on the other end of the line who genuinely wants to help.
Just the other day I was at home working, yet again, on my exterior lights. I took all the basic steps to try and figure out why my lights weren’t working. Then I got to a point where I couldn’t go any further, so I called Murray Electric. When I explained my situation, they asked me questions to try and troubleshoot the problem. These guys are not just looking to make a buck, they really want to help. They’re not afraid to try to help you avoid a service call, they just want you to get the problem fixed, service call or not. This is the key difference to search for when it comes to finding local services and businesses to work with.
The next time you have an electrical issue come up at home, save yourself a lot of stress and time, by having a conversation with Steve at Murry Electric yourself. This is one local service where there is a live person on the other end of the phone. With two locations in Tulsa (918-835-9605) and Broken Arrow (918-254-9771), help is just a phone call away. Find more information at their website: www.murrayelectric.com.
Special Guest Erika Irvine, joined Darryl in our latest show to review Financial Literacy Month and JA Programs
Junior Achievement in Tulsa, OK, is an incredible community program which brings the experience of local business and students together to work towards a brighter future. One important way for kids to be able to grow and choose their own destiny is through learning the vital life skill of financial literacy. April is National Financial Literacy month and JA is spending this time focused on specific programs to teach our Tulsa students about what it means to understand how finances work.
Through the JA program Finance Park, students experience real-life scenarios centered around establishing and using a budget to take care of one’s basic needs. Many kids don’t know, much less think about how they will take care of themselves once they reach adulthood. Finance Park shows them with the support of local volunteers.
Through the program kids are given a role to play as an adult, going to work and bringing home a paycheck which is ‘used’ to pay the bills of everyday life. This is a great way for students to see a direct link between the career path they choose and their own quality of life; that they do have choices, and with the right kind of education, they can make choices for their own benefit.
JA Finance Park needs volunteers! If you have been considering being a part of this great organization, Financial Literacy Month is a great time to get started. Contact Erika Irvine directly to find out how you can help by emailing her at firstname.lastname@example.org, or calling her at 918-660-2158. Find more information at their website as well jaok.org. For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com