Broke Brokerages, Bad Rentals & Buyer Beware: Real Estate Red Flags 🚩

This episode dives deep into the nitty-gritty of what agents really need to know. From surviving low-commission brokerages to knowing when to run from a “virtual office” setup, we’re talking about the red flags that can sink your career before it starts.

🔎 Topics We Cover:

• 💸 Brokerage Commission Splits – Why generous splits matter, and why joining a broke firm is a fast track to the unemployment line. We pull back the curtain on broker stats, admin training, and smoke-and-mirrors branding promises.
• 🌍 Google Earth Desktop Pro – How this underrated tool can change your property perspective and make you a location expert in seconds.
• 📑 Title Search Timing – Should you leave the title search date open? Why rushing this step makes no sense—especially when a listing agent insists on it.
• 🧑‍🤝‍🧑 Hiring a Friend – Why mixing business and friendship can be risky in real estate.
• 🗣️ Agents Saying “We” – When a seller’s agent says “we,” who exactly are they talking about? We dig into agency representation and clear communication.
• 🏘️ Rental Agreements 101 – If you’re renting out a property: sign a lease. Know who’s moving in, take pictures, run a criminal record and credit check—no exceptions.
• 📊 Cottage Rentals for Sale – What financial docs you must see: profit/loss statements, future bookings, and management contracts.
• 📱 How to Get a Hold of an Agent FAST – Texting tips that get results: be honest, be clear, and disclose your situation up front.

PEI Real Estate real-time search/videos/government links: https://michaelshomes.com/links.html

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Thank you for tuning in, and may your day be filled with great opportunities in the world of Real Estate! 🏡🌟