Negotiating Transaction Coordination Key Terms General Knowledge Marketing
100
5k Non-Refundable
What is our standard EMD?
100
Title Order
What is the first step to Transaction coordination?
100
Escrow Holdback
What is funds held in an escrow account after closing on a property until specific conditions are met?
100
internal buyers
cold calling
investorlift
facebook
constant contact
How many total marketing methods do we normally use?
100
Pictures
What is most important to have when you start to market?
200
0 Days DD
What is the preferred amount of DD?
200
Double Close
What is it called when we are both the buyer and a seller in a transaction?
200
Addendum
What is a form that adds a clause to a contract?
200
1% Rule
What is the rule that rental investors would like to follow?
200
God Mode
What tool is best to use to find cash buyers around your subject out of state?
300
Know your shit (Specs of property)
What is crucial when you go into a sales call?
300
HUD/Settlement Statement
What is the form that shows the breakdown of a transaction that needs to be approved called?
300
Memorandum
What is a claim or document that affects title to real estate and protects ones interest in said property?
300
Networking & Selling
What are the 2 things dispo is about?
300
Realtor Lists
What is the benefit Constant Contact has over Investorlift?
400
0 Days DD with 2000 EMD
What is better, 0 days DD with 2000 EMD, or 3 days DD with 10,000 EMD?
400
Buyer's EMD
What is the one thing you will lose money on if not followed up with properly?
400
Probate
What is Court supervision of collection and distribution of a deceased persons estate?
400
They can see our spread
What is the biggest con of an assignment transaction?
400
Put the property address.
What is CRUCIAL that you must not do when marketing on Facebook?
500
Send them your comps!
What is the first thing you should do if an investor has a different ARV than yours?
500
Order Mortgage Payoff
What are the attorneys not able to do until they have written consent by the seller?
500
Counter-offer
What is a rejection of an offer by a submission of another offer?
500
Anyone who is owed a debt
Who can file a Lien on a property?
500
Send to Internal Buyers
What should always be the first approach in marketing a property?






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