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Fighting the Boston Condo Association

Last night, I was at one of my Boston condo building association meetings. At the meeting a Boston condo owner was arguing about a citation he received for putting out his trash on Sunday night, not realizing that there would be no trash pick up Monday because of Columbus Day. As he was making his argument, it occurred to me that there is a right way and wrong way to present your case to a Boston condo board association. Here are a couple thoughts to remember:

1. Pay your fines and dues. Pay your fines (and/or dues) now, and contest them later. If you ignore the Boston condo association bills, not only will they begin to add up, but they likely will begin to accumulate additional late fees, penalties and/or interest.

2. Remember that most Boston Condo Board Members are unpaid volunteers. If you treat them with respect and kindness, you likely will get closer to your own goal. Remain professional, speak politely in cool and in collected tones. While it may feel good calling the Board members a variety of names, it will not help your cause. Instead, simply convey your position, any evidence you have to support your position, and what you actually want the Boston building condo association to do for you. This is not to say that you should avoid a show of strength. In fact, it is a good idea to make sure the Board knows that you intend to advance your position.

Lastly, make sure you have your facts straight. Watch this funny video clip on how Frazier Crane handled his complaint, but didn’t have his facts correct:

Boston agents selling Boston condos

I’m presently training a real estate agent on apartment rentals and Boston condominium sales. In the real estate business, having a new employee follow a more experienced agent to learn the Boston condo market is a very common practice, the method is called shadowing.

Job shadowing is a type of on-the-job employee training in which a new  real estate agent who wants to sell Boston condos, follows and observes a trained and experienced real estate broker. Job shadowing can be an effective form of job training for the ideal candidates.

However, if the candidate is too robotic in the shadowing it can become a problem as this video shows:

Job Shadowing Video

 

Read more on job shadowing

Job shadowing (or work shadowing) is a popular on-the-job learning, career development, and leadership development intervention. Essentially, job shadowing involves working with another employee who might have a different job in hand, might have something to teach, or can help the person shadowing him or her to learn new aspects related to the job, organization, certain behaviors or competencies. Organizations have been using this as a very effective tool for learning. Some of the applications of job shadowing are the following:

  • New job training: Consider an individual planning to take up a different role in the same organization. The individual may be asked to shadow the current incumbent for a couple of days to months to get a better idea of his or her role, as well as understand the particulars of the same without the commitment of the responsibility. This helps the individual to be more confident, aware, and also better prepared to take up the role. For the organization it reduces the chances of failure and reduces the time required for the individual to be fully productive.
  • Career development: With multiple options available for somebody to grow in an organization, job shadowing can help to get a better sense of options available and the required competencies for the same. An employee may shadow senior employees in various positions/functions to appreciate and get a better idea about what it takes to build a career there.
  • Developing expertise: At the core of job shadowing is its ability to transmit knowledge and expertise to another person. By doing a planned work, job shadowing can support knowledge management and ensuring that deep expertise and knowledge are not lost.
  • Leadership development: Many organizations use job shadowing as an effective tool for leadership development. Aspiring leaders are given opportunities to shadow senior leaders and learn from them. It effectively complements classroom learning and aspiring leaders get to experience first hand what it takes to be a leader.

Job shadowing helps both parties to learn and exchange ideas. It helps in networking, exploring opportunities, giving/receiving feedback, and collaboration with different departments.

real estate economy

job shadowing

Boston Condo Brokers and Sellers with selective hearing

Boston condo brokers (agents) and Sellers sometimes have selective hearing when it comes to selling their Boston condo.

The definition of selective hearing according to Wikipedia:

Selective hearing does not involve the sounds that are not heard. However, it is characterized as the action in which people focus their attention on a specific source of a sound or spoken words. The sounds and noise in the surrounding environment is heard by the auditory system but certain parts of the auditory information are processed in the brain only. Most often, auditory attention is directed at things people would like to hear.

The reason I bring this up, earlier today I had a Back Bay real estate agent schedule an appointment with me to show a $3,500 apartment in Beacon Hill. As I was showing the one bedroom apartment, the other brokers client asked: “Where’s the other bedroom?” Obviously, a miscommunication occurred that created an awkward situation for all parties involved. Fortunately, I was able to redeem the situation and showed her an apartment closer to her needs. Time will only tell if she’ll put an offer on the apartment.

Boston condo brokers and Sellers with selective hearing

Boston isn’t the only place where real estate brokers sometimes have selective hearing or misinterpret their client needs. Enjoy the video below.

Perhaps one of the funnest examples of selective hearing is this video from one of Boston’s favorite television series – Cheers:

Boston condos for sale

New Boston Real Estate Listings – Updated October 16, 2014

MLS # Status Address Area Description List Price
71757434 NEW 341 Marlborough Boston 4 room, 2 bed, 2 bath 2/3 Family $3,300,000
71756829 NEW 117 Pinckney St Boston 9 room, 4 bed, 4 bath 2/3 Family $2,800,000
71756741 NEW 36 Lewis Street Boston 17 room, 6 bed, 6 bath 2/3 Family $2,700,000
71756241 NEW 9 Commonwealth Ave Boston 4 room, 2 bed, 2 bath 2/3 Family $2,600,000
71756230 NEW 110 Stuart Boston 6 room, 2 bed, 2 bath 2/3 Family $2,499,000
71757394 NEW 3 Lawrence Street Boston 7 room, 3 bed, 2 bath 2/3 Family $2,499,000
71757367 NEW 350 North St Boston 10 room, 4 bed, 4 bath 2/3 Family $2,399,000
71756751 NEW 168 Marlborough Boston 5 room, 2 bed, 2 bath 2/3 Family $2,200,000
71757529 NEW 110 Stuart Street Boston 4 room, 1 bed, 2 bath 2/3 Family $1,990,000
71756397 NEW 2 Avery Boston 5 room, 2 bed, 2 bath 2/3 Family $1,975,000
71739234 NEW 35 Pinckney St Boston 5 room, 2 bed, 2 bath 2/3 Family $1,695,000
71756694 NEW 65 Marlborough Street Boston 5 room, 2 bed, 2 bath 2/3 Family $1,550,000
71756453 NEW 321 COMMONWEALTH AVE Boston 5 room, 3 bed, 2 bath 2/3 Family $1,375,000
71756922 NEW 357 Beacon Street Boston 4 room, 2 bed, 1 bath 2/3 Family $1,025,000
71756881 NEW 1180-1200 Washington St Boston 4 room, 2 bed, 2 bath 2/3 Family $975,000
71756916 NEW 400 Stuart St Boston 3 room, 1 bed, 1 bath 2/3 Family $899,000
71757597 NEW 40 Joy St Boston 4 room, 2 bed, 1 bath 2/3 Family $869,000
71756874 NEW 61 Revere Boston 6 room, 2 bed, 2 bath 2/3 Family $799,000
71757129 NEW 65 East India Row Boston 4 room, 2 bed, 2 bath 2/3 Family $799,000
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Female Boston real estate agents are better

Recently, at Boston, in the news I’ve being hearing about how the CEO of Microsoft tried to justify how women should or shouldn’t ask for raise. I find this very unfamiliar territory for me, reason being, I’ve always found the women in my life were more assertive when asking for a raise compared to the male counterparts.

Case in point, my highest producing Boston real estate agent is a female, she’s also making a higher commission split compared to the male agents that are working for me.

As stated above, you’d think, listening to the original comments made by the CEO of Microsoft that females lack the fortitude to ask for a raise compared to men, when in reality, I think its always been the other way round. Watch this television clip of “I Love Lucy” back in 1952 and tell me who was the more assertive person in asking for a raise, Lucy or Ricky:

Funny video how females are better negotiating

Please note: If you ask for a raise and threaten to quit if not accepted, make sure you have a back up plan, whether male or female.

Boston condos for sale:

New Boston Real Estate Listings – Updated October 16, 2014

MLS # Status Address Area Description List Price
71757434 NEW 341 Marlborough Boston 4 room, 2 bed, 2 bath 2/3 Family $3,300,000
71756829 NEW 117 Pinckney St Boston 9 room, 4 bed, 4 bath 2/3 Family $2,800,000
71756741 NEW 36 Lewis Street Boston 17 room, 6 bed, 6 bath 2/3 Family $2,700,000
71756241 NEW 9 Commonwealth Ave Boston 4 room, 2 bed, 2 bath 2/3 Family $2,600,000
71756230 NEW 110 Stuart Boston 6 room, 2 bed, 2 bath 2/3 Family $2,499,000
71757394 NEW 3 Lawrence Street Boston 7 room, 3 bed, 2 bath 2/3 Family $2,499,000
71757367 NEW 350 North St Boston 10 room, 4 bed, 4 bath 2/3 Family $2,399,000
71756751 NEW 168 Marlborough Boston 5 room, 2 bed, 2 bath 2/3 Family $2,200,000
71757529 NEW 110 Stuart Street Boston 4 room, 1 bed, 2 bath 2/3 Family $1,990,000
71756397 NEW 2 Avery Boston 5 room, 2 bed, 2 bath 2/3 Family $1,975,000
71739234 NEW 35 Pinckney St Boston 5 room, 2 bed, 2 bath 2/3 Family $1,695,000
71756694 NEW 65 Marlborough Street Boston 5 room, 2 bed, 2 bath 2/3 Family $1,550,000
71756453 NEW 321 COMMONWEALTH AVE Boston 5 room, 3 bed, 2 bath 2/3 Family $1,375,000
71756922 NEW 357 Beacon Street Boston 4 room, 2 bed, 1 bath 2/3 Family $1,025,000
71756881 NEW 1180-1200 Washington St Boston 4 room, 2 bed, 2 bath 2/3 Family $975,000
71756916 NEW 400 Stuart St Boston 3 room, 1 bed, 1 bath 2/3 Family $899,000
71757597 NEW 40 Joy St Boston 4 room, 2 bed, 1 bath 2/3 Family $869,000
71756874 NEW 61 Revere Boston 6 room, 2 bed, 2 bath 2/3 Family $799,000
71757129 NEW 65 East India Row Boston 4 room, 2 bed, 2 bath 2/3 Family $799,000
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Boston condo owners and mortality – Will

Why do Boston condo owners need a Will?

Virtually every person – married, divorced, single, childless, parent, in good health, in bad health – should have a Will, especially if you’re a Boston condo owner, because without a Will, you cannot determine who should receive your condo or single-family house, when the end finally comes. Each state has a default plan for how property must be distributed if you die without a Will. Furthermore, even if you die with no living relatives, the state will not permit distributions to a friend, a favorite charity, or any non-related person. Instead, your real estate will most likely end up going to the state.

The timing of bringing up the subject of a Will with your love ones can be very tricky. For example, in the Home Improvement TV show (Clip below) the delicate issue was mentioned during a televised football game, probably not the best time to engage in such a sensitive subject. Enjoy.

Boston Real Estate Agents

Citius Altius Fortius – Latin Olympic term for – faster, higher and stronger, this need not only apply to sports, but could also be the motto for Boston real estate brokers.

Last night, I was with two “>Boston real estate agents who were basically in a brag fest on who’s the better real estate agent. By nature, I think real estate agents are very competitive and hate to be outdone. The friendly rivalry last night reminded me of an episode of Two and Half Men. Enjoy the video below.

View Back Bay condos for sale and rent.

Boston condos for sale:

New Boston Real Estate Listings – Updated October 16, 2014

MLS # Status Address Area Description List Price
71757434 NEW 341 Marlborough Boston 4 room, 2 bed, 2 bath 2/3 Family $3,300,000
71756829 NEW 117 Pinckney St Boston 9 room, 4 bed, 4 bath 2/3 Family $2,800,000
71756741 NEW 36 Lewis Street Boston 17 room, 6 bed, 6 bath 2/3 Family $2,700,000
71756241 NEW 9 Commonwealth Ave Boston 4 room, 2 bed, 2 bath 2/3 Family $2,600,000
71756230 NEW 110 Stuart Boston 6 room, 2 bed, 2 bath 2/3 Family $2,499,000
71757394 NEW 3 Lawrence Street Boston 7 room, 3 bed, 2 bath 2/3 Family $2,499,000
71757367 NEW 350 North St Boston 10 room, 4 bed, 4 bath 2/3 Family $2,399,000
71756751 NEW 168 Marlborough Boston 5 room, 2 bed, 2 bath 2/3 Family $2,200,000
71757529 NEW 110 Stuart Street Boston 4 room, 1 bed, 2 bath 2/3 Family $1,990,000
71756397 NEW 2 Avery Boston 5 room, 2 bed, 2 bath 2/3 Family $1,975,000
71739234 NEW 35 Pinckney St Boston 5 room, 2 bed, 2 bath 2/3 Family $1,695,000
71756694 NEW 65 Marlborough Street Boston 5 room, 2 bed, 2 bath 2/3 Family $1,550,000
71756453 NEW 321 COMMONWEALTH AVE Boston 5 room, 3 bed, 2 bath 2/3 Family $1,375,000
71756922 NEW 357 Beacon Street Boston 4 room, 2 bed, 1 bath 2/3 Family $1,025,000
71756881 NEW 1180-1200 Washington St Boston 4 room, 2 bed, 2 bath 2/3 Family $975,000
71756916 NEW 400 Stuart St Boston 3 room, 1 bed, 1 bath 2/3 Family $899,000
71757597 NEW 40 Joy St Boston 4 room, 2 bed, 1 bath 2/3 Family $869,000
71756874 NEW 61 Revere Boston 6 room, 2 bed, 2 bath 2/3 Family $799,000
71757129 NEW 65 East India Row Boston 4 room, 2 bed, 2 bath 2/3 Family $799,000
  Browse Pages: 1 | 2

 

Single-Family homes & Boston Condos : Civil foreiture

Boston homes

I have always heard the quote “you learn something new every day”. I think it is true that you can learn something new every day. This is what I learned today. Did you know that the police can confiscate items such as cash, single-family homes and condos from people who have never been convicted of a crime? It’s true, and it’s all because of a little-known police tactic called civil forfeiture.

From the Business Insider:

The New Yorker profiled one elderly West Philadelphia couple, Mary and Leon Adams, whose home was seized after their son allegedly sold $20 worth of pot on their porch. (They received an eviction notice but were able to stay in their home during the forfeiture proceedings because of Leon’s health conditions.) They were never even charged with a crime.

Tonight’s new episode of Law and Order: Police arrest your homes

From Boston.

Different types of Boston real estate agents for selling a Boston condo

Buyer’s Agent[edit]

When acting as a buyer’s agent with a signed agreement (or, in many cases, verbal agreement, although a broker may not be legally entitled to his commission unless the agreement is in writing), they assist buyers by helping them purchase property for the lowest possible price under the best terms. The real estate broker is obligated to provide fiduciary duties to whomever that broker services as a client, and this agency relationship can become very confusing.

Dual Agent[edit]

If the broker is helping both the buyer and the seller, this is referred to as a “dual agency.” Traditionally, the broker represents the seller, and his fiduciary duty is to the seller. If the broker suggests to the buyer that he will help the buyer negotiate the best price, the broker is practicing “undisclosed dual agency,” which is unethical and illegal in all states.[2] Under a dual agency transaction, it is vital that the broker disclose to both parties whom he represents as a client and whom he represents as a customer. A real estate broker owes his client fiduciary duties, which include care, confidentiality, loyalty, obedience, accounting, and disclosure. To protect his license to practice, a real estate broker owes his customer fair and honest dealing and must request that both parties (seller and buyer) sign a dual agency agreement.

Licensing[edit]

In most jurisdictions in the United States, a person must have a license before they may receive remuneration for services rendered as a real estate broker. Unlicensed activity is illegal, but buyers and sellers acting as principals in the sale or purchase of real estate are usually not required to be licensed. In some states, lawyers are authorized to handle real estate sales for compensation without being licensed as brokers or agents.[citation needed]

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