This is the last of the three-part article regarding the Mortgage Acts & Practices Rules. The first article was an overview of the rules. The second article explained what “commercial communications” means and the record keeping involved.
Being a leasing agent in this economy can be challenging – the work is just as hard as ever, demand for rentals is cutthroat, and the weak housing market isn’t helping with commissions. Whether you’re a pro at the top of your game or a beginner learning the ropes of real estate, it’s important to remember why you’re in the field and the perks that you just can’t get anywhere else.
The rise in the number of single-family REITs as well as property owners holding on to their homes until the market recovers means there’s a lot of intentional - and unintentional - landlords out there. With the high demand for rentals right now, it’s a great time to get into leasing. Here are few tips on how to start your rental agency off on the right foot.
In the very first article regarding the Mortgage Acts & Practices rules, I mentioned that this new advertising rule now applies to everyone involved in selling and marketing one- to four-family, owner-occupied homes.