Please respond to Michelle with 150 words
Course: BRE 101, Real Estate Practice
Student Name: Michelle
Today’s Date: 11/16/2022
Textbook Author: Huber Walt.
Overview
Chapter 7 had a lot of information on completing a residential purchase agreement that included the need to specify close dates and that sometimes two loans are needed. Chapter 8, however, had information about marketing for free on social media platforms.
Key Concept From Chapter 7
In chapter 7, what stood out to me was that escrow was unable to close on weekends of legal holidays(pg 206). When you are going through the process of closing escrow, the date must be specific.
Key Concept From Chapter 8
The second key concept I learned in this chapter is that in order to market to the clients that you want, you need to be able to persuade the client that you will “cater to their needs”. (pg 265) This is great for agents because you don’t need to pay out of pocket to promote yourself on social media platforms.
Key Concept From Chapter 7
Lastly, in chapter 7, I learned that sometimes a buyer may need two loans. (pg 210) In the RPA, the loan can be found on paragraph 3D, and if the buyer puts a down, that amount should also be included.
Summary
Overall in these two chapters, I learned that in order to successfully market, you have to find a way to self promote. Also, escrow cannot close on legal holidays.
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