Thomas asks…

How do I qualify to do real estate listings on foreclosures?

I am in real estate and want to do know how I contact banks to be one of their foreclosure listers.

Wize Guy answers:

Your broker is the one that needs to set up that contract. You do not have the authority to do so. They will not talk to an agent, it has to be with someone whoever is liable for the contract (which is your broker).

Donald asks…

How you would incorporate social & demographic marketing into your prospecting for real estate listings?

This is for a real estate assignment. It’s to prospect for potential properties for sale.

Wize Guy answers:

A Title Company can provide a Realtor with a Property Profile that will include the items you mentioned and more. You can look one up on the internet and contact them to see if they will help you directly. You could probably create your own Profile using property info. on the web. There is a Full Profile or Limited Profile option that Title Companies offer.
Sounds fun!

Ken asks…

What does LUNK mean in real estate listings on MLS?

Also, if anyone knows some good active real estate discussion forums, I would love to have some links. Thanks!

Wize Guy answers:

It might help if we had a context. MLS glossary of terms has nothing for “LUNK”, so my guess is its probably a typo. Maybe the meant LINK?

Maria asks…

Do all MLS Real Estate listings include Tax Assessor information?

When a Real Estate Agent adds a listing to the MLS, does the MLS service provide the same services and the same types of data? And do all MLS services generate the same type of MLS Listing in each area of the country?

Does a listing in Caldwell Idaho have the same infortmation as a listing in Reston, Virginia? Specifically the Tax Roll info?

And does each MLS operate under it’s own rules in regards to how the ONLINE MLS data for that “County” (or however MLS chapters are defined) is aggregated and displayed?

Wize Guy answers:

Each MLS system is different in the information offered, although there is a core of traditional information that most include.

In Venice, Florida, the tax and owner information pulls up from the County. We don’t enter it manually.

And, of course, County information was entered by human hands, and people can make mistakes, but usually it’s accurate, at the instant it was pulled.

If the property has been on the MLS past the period of time when the local County tax folks update for the new tax year, that new information will not automatically appear on the old MLS listing.

I always suggest that buyers do the research with the County – or ask a realtor – about the local millage figures so they can make an informed decision about what their new tax bill might be, but it’s difficult to pin point it exactly because the County may not use the sales price as the fair market value. They have their own appraisers that establish that, based on comps on record at the time the appraisal is completed (early in the calendar year).

Plus there is the homestead/no homestead factor.

But you can certainly get a rough and ready estimate using the sales price and the current millage numbers. Most times that will be higher than your eventual tax bill – yay!

Good luck and best wishes.

Nancy asks…

How can I create a database to show real estate listings on a website?

I would like to be able to put the basic property information (location, beds, baths, etc.) into a “database” and then be able to easily call this information onto different parts of a website for a “Featured Property”, and then a “Property Listings” page with a different layout. I’m not sure how to do this!

Wize Guy answers:

Even though the answer has already been given for someone that knows how to do this, it sounds as though you have no experience in writing HTML. If this is so, I suggest that you hire someone to do what you want done. This will be your easiest way to achieve your goals. Good Luck.

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