Policies
Policies for Real Estate Agents and Brokers Working With Invesdoor
All INVESDOOR members are expected to adhere to the highest standards of honesty and personal integrity. The same is expected of the agents and brokers that receive referrals of INVESDOOR members. The current economic collapse was brought about in large part by deceptive and dishonest practices. It is time for such practices to fade away.
These Procedures are meant to foster clear communications, transparency and accountability. They are simple, few, and mandatory. No organization can thrive and meet its goals without clear standards and objectives.. The basic objective is the financial well being of all working participants.
At all times all parties should strive to communicate clearly and concisely.
This means data and written communications will only be transmitted on approved forms using approved report formats. Data should always be verified before transmission since the digital workplace immediately makes multiple copies of everything that is created even if it is a mistake.
All parties are individually responsible for the verification and confirmation of any data that they originate. Simply stated, if you are going to say something is X then you are responsible for insuring that this is true.
Decisions will be made rapidly that have far reaching effects, as in the case of choosing a price for an offer to purchase. Without clear and concise forms and reports this will break down rapidly.
At all times all parties should be available to one another as necessary to complete their obligations.
Everyone is responsible for maintaining their accessibility to other necessary parties. Email must be checked multiple times per day for best work flow. If email is not checked and acted upon daily work will stop. The digital tools give access and mobility. If you are unavailable for any reason it should be made clear what the limitations are so others can act accordingly to maintain work flow.
All written procedures must be followed at all times.
Written procedures are meant to insure standards of communication are being followed and that work flow is smooth from start to finish. As a consequence unnecessary procedures will be discarded and discouraged from occurring in the first place. All necessary procedures will be in writing and will include checklists and forms whenever appropriate. If management takes the time to write a policy it is because it inures to the benefit of the group. Acting without following proper procedure is not acceptable at any time. The forms used by Trusted Associates in dealings with our members are few and are all mandatory. They are to be transmitted in digital format whenever possible to facilitate rapid communication and ease of storage.
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In 1988 C.J. Lauria began investing in income properties in the Sacramento, California market. By 1990, he had acquired 2 apartment buildings with good cash flow. Nonetheless, the ensuing recession and the subsequent effects on rents and property values provided some painful, but valuable lessons with wonderful results.