REAL ESTATE SPECIALTIES
Using a real estate specialist is similar to choosing the right physician.
All REALTORS are licensed for any type of service, but not all specialize in a specific genre, i.e. Commercial, Industrial, Senior Housing, Military, Relocation, Luxury, second home markets, 1031 Exchanges, International, Property Management or Farm & Ranch.
For the REALTOR, many hours and possibly certifications are required to become a specialist.
BROKERAGE
WHAT IS A BROKER?
A person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy. In the United States, the relationship was originally established by reference to the English common law of agency, with the broker having a fiduciary relationship with his clients.
MY RESPONSIBILITIES
Ensuring all licensees are accurate on the roster with the association. It is your responsibility to ensure that you are monitoring the licensees in your office regularly.
If you are not current with this task you may be charged REALTOR® dues and MLS Fees for licensees that are no longer under your supervision. If these items do not get paid you are subject to being deactivated as a REALTOR® and in the MLS. This would result in your entire office being unable to practice.
NAR DUES FORMULA – HOW YOU ARE CHARGED
Your dues obligation as “designated” REALTOR® of your firm relates directly to the size of your real estate firm i.e., the number of individuals licensed with your firm. However, your dues obligation is fully credited with respect to any individual licensed with you who holds membership in an Association of REALTORS®. Consequently, the variable portion of your dues as the “designated” REALTOR® is computed only upon the number of individuals licensed with you who do not hold membership.
Your payment of association dues and your membership in good standing in the association ensures that you will automatically be deemed a member in good standing in the Tennessee Association of REALTORS, and the National Association of REALTORS upon the association’s payment of dues to those two organizations.
BROKER INVOLVEMENT PROGRAM
NAR’s Broker Involvement Program empowers broker owners to alert their agents to key REALTOR® issues. When brokers speak, agents listen and respond. By urging REALTORS® to respond to NAR’s Calls for Action, we can shine a bright light in Congress on important real estate issues. The more agents that take action, the more Congress will know the voice of the REALTOR®Party and will respond to our industry’s needs.
OFFICE POLICY RESOURCES
Article on Creating an Office Policy
Field Guide to Creating Office Policy
ARELLO’s Supervising Broker Best Practices
OTHER RESOURCES
HUMAN RESOURCES FOR BROKERAGES
LEGAL RESOURCES FOR BROKERAGES
SENIOR HOUSING
Tennessee is a popular spot for retirees. Finding the right home for retirement is a new process for most. Downsizing is a chore for many.
Use a specialist to help you accomplish the goal of finding senior housing.
SECOND HOME, VACATION & RESORT LIVING
Tennessee is a uniquely developed region offering luxury homes and a lifestyle to accommodate those in that marketplace. Close to resorts, entertainment, activities and a regional airport, it’s becoming the choice of many for luxury and second home or retirement living.