Frequently Asked Questions
What does the term “top achiever” mean? Every year the El Dorado County Association of Realtors selects Realtor members who have demonstrated their ability to produce results for their clients. They measure those results in the dollar volume of closed escrows for the year. Only a small percentage of the Realtor members qualify and it is considered an honor to be selected. When a buyer or seller selects a “top achiever” to represent them in a purchase or sale, they know that they are selecting a seasoned, producing professional.
I have been told that a Realtor cannot be a loan consultant too, is that correct? No, it is not. The traditional real estate business model, circa 1950, limits the Realtor to representing buyers and sellers and provides for financing through another company or division of that same company. Industry leaders considered the task too complex for one individual to handle both kinds of transactions. Some things have changed in the past fifty or so years, or at least some of us have changed. The California Department of Real Estate allows licensed agents to perform both functions. Although many loan professionals are not licensed Realtors, Mike is. He helps buyers obtain financing all the time, and is convinced that dealing with one agent to do it all works in favor of every client. Mike would be pleased to provide a list of satisfied clients.
What does e-PRO mean? e-PRO is a designation recognized and sponsored by the National Association of Realtors for a Realtor who has completed a specific course of instruction focused on the Internet, on-line tools, e-mail communication and most of all. what today's client really wants. Only a very small percentage of Realtors have earned thee-PRO designated, less than one percent. In general e-PROs have a greater knowledge of Internet related issues such as marketing, location and use of Internet based tools and E-mail. The e-PRO uses this knowledge to provide his/her client's homes maximum Internet exposure. The e-PRO has invested a significant amount of time and money to learn more to assist their clients in the age of Internet marketing.
When a client decides to work with an e-PRO they tend to retain more privacy, have less hassle when trying to find information and incur less expense when buying or selling a home.
Should I use an e-PRO? Yes, especially if you are an Internet user. It this fast-paced age, technology has become a necessity. An e-PRO is someone who has recognized and responded to the needs of the new customer. If they choose an e-PRO, it is a safe bet that you will get the kind of service you want, need and deserve.
What does NARLO stand for? NARLO is the National Association of Responsible Loan Officers, a group dedicated to providing increased home buyer/borrower education. NARLO members feel that it is time to draw a line in the sand and take a stand against the questionable business practices employed by a segment of the mortgage broker industry in the recent past.
NARLO members adhere to the strictest Code of Professional Conduct in the mortgage financing industry. NARLO has a complete consumer mediation service available to any customer who seeks financing from a NARLO member. This ensures consumers always have somewhere to turn for independent information about their home financing; NARLO's goal is to ensure consumer protection.
