Jeanne Scott Realty

SO…YOU WANT TO BE A REALTOR
There is a lot of talk in the news about real estate agent commissions. They LOVE what they do and they do it because they LOVE helping people but there is almost always a huge misconception on what they do and how they get paid. It's not a secret so here ya go...😊

The average FULL TIME REALTOR’s earnings last year was $31,900 @ 40+ hours a week. (Notice I wrote full time 40+ hours not 0-20 hours a week) which is well below the living wage. As a REALTOR they do not get paid a hourly wage or salary and they only get paid if they sell a home and it closes. They can only get paid by broker to broker. As an agent you could work with someone days, weeks, months, or years with no guarantee of a sale ever.
Essentially they wake up each day unemployed going on Job Interviews and they deal with constant rejection. They dedicate time away from family, use our time, gas, pay for babysitters, miss dinner and weekends and rarely take vacations. They are on 24/7! You constantly need to be on, or you could miss an opportunity. Once they do close a home, half goes to the other persons agent from the remaining half. They have lots of upfront expenses that must be paid out before they even get paid:

Broker Splits and Fees
Office rent and utilities
MLS Fees
NAR Fees
Local Association Fees
E&O Business Insurance
Extended Auto Insurance
Self-Employment Tax
State Licensing Fees
Advertising Fees
Showing Service Fees
Website Fees
Assistant's Salaries
Showing partners
Transaction coordinator
Yard Signs
Photographers
Videographers
Office Supplies
Business Cards
Property Flyers
Electronic Lockboxes
Continued RE Education
Legal Fees
Gas
Income taxes are not taken out so they have to put that aside around 25-30%.
Don’t forget health insurance if you don’t have a spouse who provides it.

As a listing agent they have lots of tasks far more than just selling a home.
1. Prepare Listing Presentation for Sellers
2. Research Sellers Property Tax Info
3. Research Comparable Sold Properties for Sellers
4. Determine Average Days on Market
5. Gather Info From Sellers About Their Home
6. Meet With Sellers at Their Home
7. Get To Know Their Home
8. Present Listing Presentation
9. Advise on Repairs and/or Upgrades
10. Provide Home Seller To-Do Checklist
11. Explain Current Market Conditions
12. Discuss Seller’s Goals
13. Share Your Value Proposition
14. Explain Benefits of Your Brokerage
15. Present Your Marketing Options
16. Explain Video Marketing Strategies
17. Demonstrate 3D Tour Marketing
18. Explain Buyer & Seller Agency Relationships
19. Describe the Buyer Pre-Screening Process
20. Create Internal File for Transaction
21. Get Listing Agreement & Disclosures Signed
22. Provide Sellers Disclosure Form to Sellers
23. Verify Interior Room Sizes
24. Obtain Current Mortgage Loan Info
25. Confirm Lot Size from County Tax Records
26. Investigate Any Unrecorded Property Easements
27. Establish Showing Instructions for Buyers
28. Agree on Showing Times with Sellers
29. Discuss Different Types of Buyer Financing
30. Explain Appraisal Process and Pitfalls
31. Verify Home Owners Association Fees
32. Obtain a Copy of HOA Bylaws
33. Gather Transferable Warranties
34. Determine Need for Lead-Based Paint Disclosure
35. Verify Security System Ownership
36. Discuss Video Recording Devices & Showings
37. Determine Property Inclusions & Exclusions
38. Agree on Repairs to Made Before Listing
39. Schedule Staging Consultation
40. Schedule House Cleaners
41. Install Electronic Lockbox & Yard Sign
42. Set-Up Photo/Video Shoot
43. Meet Photographer at Property
44. Prepare Home For Photographer
45. Schedule Drone & 3D Tour Shoot
46. Get Seller’s Approval of All Marketing Materials
47. Input Property Listing Into The MLS
48. Create Virtual Tour Page
49. Verify Listing Data on 3rd Party Websites
50. Have Listing Proofread
51. Create Property Flyer
52. Have Extra Keys Made for Lockbox
53. Set-Up Showing Services
54. Help Owners Coordinate Showings
55. Gather Feedback After Each Showing
56. Keep track of Showing Activity
57. Update MLS Listing as Needed
58. Schedule Weekly Update Calls with Seller
59. Prepare “Net Sheet” For All Offers
60. Present All Offers to Seller
61. Obtain Pre-Approval Letter from Buyer’s Agent
62. Examine & Verify Buyer’s Qualifications
63. Examine & Verify Buyer’s Lender
64. Negotiate All Offers
65. Once Under Contract, Send to Title Company
66. Check Buyer’s Agent Has Received Copies
67. Change Property Status in MLS
68. Deliver Copies of Contact/Addendum to Seller
69. Keep Track of Copies for Office File
70. Coordinate Inspections with Sellers
71. Explain Buyer’s Inspection Objections to Sellers
72. Determine Seller’s Inspection Resolution
73. Get All Repair Agreements in Writing
74. Refer Trustworthy Contractors to Sellers
75. Meet Appraiser at the Property
76. Negotiate Any Unsatisfactory Appraisals
77. Confirm Clear-to-Close
78. Coordinate Closing Times & Location
79. Verify Title Company Has All Docs
80. Remind Sellers to Transfer Utilities
81. Make Sure All Parties Are Notified of Closing Time
82. Resolve Any Title Issues Before Closing
83. Receive and Carefully Review Closing Docs
84. Review Closing Figures With Seller
85. Confirm Repairs Have Been Made
86. Resolve Any Last Minute Issues
87. Attend Seller’s Closing
88. Pick Up Sign & Lock Box
89. Change Status in MLS to “Sold.”
90. Close Out Seller’s File With Brokerage

As a buyers agent they also have many tasks.

1. Schedule Time To Meet Buyers
2. Prepare Buyers Guide & Presentation
3. Meet Buyers and Discuss Their Goals
4. Explain Buyer & Seller Agency Relationships
5. Discuss Different Types of Financing Options
6. Help Buyers Find a Mortgage Lender
7. Obtain Pre-Approval Letter from Their Lender
8. Explain What You Do For Buyers As A Realtor
9. Provide Overview of Current Market Conditions
10. Explain Your Company’s Value to Buyers
11. Discuss Earnest Money Deposits
12. Explain Home Inspection Process
13. Educate Buyers About Local Neighborhoods
14. Discuss Foreclosures & Short Sales
15. Gather Needs & Wants Of Their Next Home
16. Explain School Districts Effect on Home Values
17. Explain Recording Devices During Showings
18. Learn All Buyer Goals & Make A Plan
19. Create Internal File for Buyers Records
20. Send Buyers Homes Within Their Criteria
21. Start Showing Buyers Home That They Request
22. Schedule & Organize All Showings
23. Gather Showing Instructions for Each Listing
24. Send Showing Schedule to Buyers
25. Show Up Early and Prepare First Showing
26. Look For Possible Repair Issues While Showing
27. Gather Buyer Feedback After Each Showing
28. Update Buyers When New Homes Hit the Market
29. Share Knowledge & Insight About Homes
30. Guide Buyers Through Their Emotional Journey
31. Listen & Learn From Buyers At Each Showing
32. Keep Records of All Showings
33. Update Listing Agents with Buyer’s Feedback
34. Discuss Home Owner’s Associations
35. Estimate Expected Utility Usage Costs
36. Confirm Water Source and Status
37. Discuss Transferable Warranties
38. Explain Property Appraisal Process
39. Discuss Multiple Offer Situations
40. Create Practice Offer To Help Buyers Prepare
41. Provide Updated Housing Market Data to Buyers
42. Inform Buyers of Their Showing Activity Weekly
43. Update Buyers On Any Price Drops
44. Discuss MLS Data With Buyers At Showings
45. Find the Right Home for Buyers
46. Determine Property Inclusions & Exclusions
47. Prepare Sales Contract When Buyers are Ready
48. Educate Buyer’s On Sales Contract Options
49. Determine Need for Lead-Based Paint Disclosure
50. Explain Home Warranty Options
51. Update Buyer’s Pre-Approval Letter
52. Discuss Loan Objection Deadlines
53. Choose a Closing Date
54. Verify Listing Data Is Correct
55. Review Comps With Buyers To Determine Value
56. Prepare & Submit Buyer’s Offer to Listing Agent
57. Negotiate Buyers Offer With Listing Agent
58. Execute A Sales Contract & Disclosures
59. Once Under Contract, Send to Title Company
60. Coordinate Earnest Money Drop Off
61. Deliver Copies to Mortgage Lender
62. Obtain Copy of Sellers Disclosure for Buyers
63. Deliver Copies of Contract/Addendum to Buyers
64. Obtain A Copy of HOA Bylaws
65. Keep Track of Copies for Office File
66. Coordinate Inspections with Buyers
67. Meet Inspector At The Property
68. Review Home Inspection with Buyers
69. Negotiate Inspection Objections
70. Get All Agreed Upon Repair Items in Writing
71. Verify any Existing Lease Agreements
72. Check In With Lender To Verify Loan Status
73. Check on the Appraisal Date
74. Negotiate Any Unsatisfactory Appraisals
75. Coordinate Closing Times & Location
76. Make Sure All Documents Are Fully Signed
77. Verify Title Company Has Everything Needed
78. Remind Buyers to Schedule Utilities
79. Make Sure All Parties Are Notified of Closing Time
80. Solve Any Title Problems Before Closing
81. Receive and Review Closing Documents
82. Review Closing Figures With Buyers
83. Confirm Repairs Have Been Made By Sellers
84. Perform Final Walk-Through with Buyers
85. Resolve Any Last Minute Issues
86. Get CDA Signed By Brokerage
87. Attend Closing with Buyers
88. Provide Home Warranty Paperwork
89. Give Keys and Accessories to Buyers
90. Close Out Buyer’s File Brokerage
Whew…exhausting isn’t it!?! 🤯

✨You don't need to buy or sell a home to support your agents real estate business – here are just a few simple ways to show your support!⁣ By sharing one of their listings, sending a friend or family member their way, letting them connect you with agents outside their area for a broker to broker referral, or leaving them a positive comment or review, this helps them feel seen and supported - (thanks to you)! ❤️✨
If you’re a Realtor, please feel free to copy & paste and continue to share this information.

Please help support Yariel and his family in our Hayfield Elementary School Community. F*%ck Cancer.

Yariel, organized by Nancy Rios Hi my name is Nancy Rios I don’t know where to begin, it has been rough these couple of days for our family this pas… Nancy Rios needs your support for Yariel

I have two of these for FREE but need to be picked up in DC. Monessen SimpliFire 58 Wall-Mount Electric Fireplace | SF-WM58-BK – North Country Fire. Feel free to message me if interested.

Monessen SimpliFire 58 Wall-Mount Electric Fireplace | SF-WM58-BK Model: Monessen SF-WM58-BK. Buy the Monessen SimpliFire 58 Wall Mounted Electric Fireplace. Find info on price, framing dimensions, installation and accessories. Monessen Authorized Dealer. At North Country Fire we strive to provide the best customer care including industry leading technical support...

I am so grateful to have wonderful clients, new neighbors and best of all cool and interesting friends to celebrate homeownership with. Lance and Cara were originally interested in a couple condos… I took it upon myself to add in 4-5 other properties that same weekend and we circled back around to the first property I picked out. We competed against 9 other buyers and here we are today! One is an Olympic Athlete and the other is a well known actor from the 80’s! Thank you to Thad and team ®

From all of us at Yoon and Scott Group, hope you had a wonderful Mother's Day!

From all of us at the Yoon and Scott Group, have a safe and happy Easter!

This. Right. Here. 🫶🏻🏡



DMV

Jeanne Scott Yoon and Scott Group Jeanne Scott

What a great way to celebrate our 1-year anniversary with Compass! Congratulations!

Congratulations to and .ijeomanwuju on their new home, back in DC! It was a wild ride full of twists and turns but they are now happy owners of a beautiful property right next to their office and back in their old stomping grounds. We not only got them a purchase price well under list, but we were also able to negotiate a significant seller credit as well. Cannot wait for the Housewarming!

It's the perfect weekend to see 509 Lloyds Lane!

Message us to set your appointment!

From the Alexandria location and gated-tree lined lot to the private study and renovated bathrooms, it's hard to choose what we love most about 509 Lloyds Lane!

509 LLOYDS LANE | Yoon Scott Group Welcome home! Built in 1925 and completely expanded and renovated by Custom Home Builder, Greg Sutton, in 1997, with additional renovations to every bathroom within the last two years. Located on one of Alexandria's most desired, but rarely available s...

Let the Yoon and Scott Group be your real estate lucky charm!

Happy St. Patrick's Day!

It's all about the connections! We believe in owning it. Every stumble and every success, we learn and become the very best in order to represent you!

HOT COMING SOON ALERT! Welcome to 509 Lloyd’s Lane! This timeless classic features top quality updates and is enclosed in privately gated tree-lined lot minutes from Del Ray/Old Town, Alexandria.

A 6 bedroom, 5 1/2 bath single family home that boasts approximately 6,000 square feet of living space on 4 levels with updated bathrooms on every level. Located on one of Alexandria's most desired, but rarely available streets, this unique and stunning home offers the perfect blend of old and new.

If you're thinking of moving outside of the city, this neighborhood is perfect, with both a small town feel and a supportive community.

See more at:
https://yoonandscottgroup.com/properties/509-lloyds-lane-alexandria-va-22302-vaax2021462

With a reputation for unrelenting work ethic, integrity, and honesty backed up by unparalleled knowledge of the marketplace, the Yoon and Scott Group is a proven leader in the MD, DC, and VA real estate market!

Visit https://yoonandscottgroup.com/ to get started!

Yoon Scott Group | Real Estate Experts Yoon Scott Group is dedicated to providing unrivaled service to those looking to buy or sell homes in the Arlington area. Start working with the team today!

Congratulations to Compass! For the second year in a row – Compass has been named the #1 brokerage in the United States by sales volume (RealTrends, 3/9/23)! We’re so grateful to be a part of the Compass family with all the support they give us!

2023 continues to be build with good news! Congratulations David!

Whether you are living alone in a mansion, or in a cramped space, find comfort in right-sizing!

Right-sizing is finding the perfect space that fits your needs and helps you save more for your future. The Yoon and Scott Group take pride in our ability to find the right space for our clients. Let's get started!

It’s been a busy 2023! We were able to overcome contractor and permitting delays to be UNDER CONTRACT in just over a week, even with a late launch on a holiday weekend!


listing

So excited for our friends to move back to their old stomping grounds and into this gorgeous turnkey Petworth home! They are just blocks from their office and tons of awesome bars, restaurantsand, most importantly, friends! It was the last condo available in this development so we negotiated some great terms including closing costs and prepaid condo fees/transfer taxes. Can’t wait to celebrate! Stay tuned for more updates!

New Listing Alert! Welcome to Virginia Square Condominiums! A rare opportunity to purchase a one bedroom condo in a convenient urban setting next to the Virginia Square Metro!

This condo has been completely updated to include brand new flooring/tile throughout, a completely updated kitchen with new appliances, updated bathroom with new modern fixtures, a tile shower and bright natural lighting. This is the perfect home for a first time homebuyer or an empty nester looking for a condo to stay and visit family close by. Not only do you have a bright and updated open concept 1 bedroom condo, but it also includes a large walk-in closet, a balcony with access from your bedroom and living room, and an updated gas fireplace.

There is garage parking ( #429) and private storage ( #416). Professional on-site management and reasonable monthly condo fee is just icing on the cake, as it has secure access, an outdoor pool, game room, fitness center, bike storage, and so much more.

The smile says it all! We take pride in what we do and listening to our clients to make their experience as positive as possible!

Get started now! We're waiting to hear from you!