Real Estate

Does anyone know how to become an agent or has any adive about the process?
If I wanted to become a nurse then i would go into nursing but I don’t so your answer will not help but thanks for the suggestion. I am not sure this is what I want i am just looking for more information. Right now I think its a good time to take classes and learn about it since it is slow.

Heather, there are several ways in which you can get your real estate license. The State of Illinois gov’t website can direct you to it’s real estate division which should list licensed instructors and/or places where you can take courses. Check your local colleges, many of them offer real estate courses. In our area, it is often advertised when classes will start(there are many people who are licensed instructors who hold classes in places other than college campuses. I took my course at the local high school). You might even contact the Illinois Association of Realtors. The market is pretty yucky right now, but there sure are a lot of foreclosures being listed right now! To begin, you will have to pay for class and to take the state test. On the upside, these expenses are tax deductable, as would be your mileage. Best of luck!

right on the edge

I’ve dealt with about 4 Realtors already in about 2 years trying to find my first home (in California) which has been so far a bad experience and unsuccessful. In my experiences thus far I’m come to the conculsion that all Realtors are just greedy used house salesman who really don’t have my best interest in mind. How do I go about representing myself in looking at houses or if I want to make a offer on a home. I would like to eliminate a Realtor altogether as a middle man. I would appreciate any advise given!

After taking Real Estate classes I’ve learned it is far better to use a realtor because they do all the paperwork for you and that can be a major headache. But if you want to do it yourself you will have to hire an attorney who specializes in Real Estate to write up the contracts and make sure the transaction is completed legally. You say you have dealt with Realtors before, were they just showing you the houses or were they your "buyers agent"? A buyers agent is a real estate salesperson who reprsents a buyer. They will find houses and also show them to you, you are their client and they are on your side, it becomes their legal duty to protect you. They must do what is in your best interest and cannot share any private information with the seller or anyone else. If what you had before was a buyers agent and they did not do what was in your best interest write a letter to your states Real Estate Commission. Buyers Agents have no attachment to the seller, unless they are a dual agent, but I do NOT recommend this at all as it means they represent both the seller and the buyer and therefore cannot be loyal to both parties. They must tell you this upfront and if they are, I’d find someone else. Good brokers do not allow Dual Agencies, but they are legal in some states. For them to become your "Buyer’s agent" you will sign a contract, they do not get paid unless they find a house for you and the deal gets closed. They can either be paid by you, by the seller, or you can make a lower offer for the house to cover the fees, also the listing broker may split her commission with your buyers agent, it all depends on that specific situation, but most of the time you as the buyer will not pay the fees, it generally comes off the selling price or the listing brokers splits. I hope this helps and if you need anything else you may contact me by email. Good Luck!

What does the sales price of a home have to do with anything. It does not cost any more to sell a $200,000 house than a $400,000 house. Why is not based on a flat fee? Sometime the Realtors make more than the homeowner does. This seem to be one of the largest scams played on the american public today.

It’s not a scam. Realtors admit they get a fee. They’re required to by law, like all commission sales people.

In a lot of cases, the Realtor’s office gets 3% of the final sale price, and the Realtor him/herself gets 3%. But remember that the 3% is what the Realtor *lives on*.

They do not get a salary, nor do they get a steady paycheck. And they paid some money and attended a training program (sometimes a couple, depending on where) in order to become an agent. A Realtor is even more elite. They paid to play, and they’re working for however much they can get.

Every self-employed person lives by the motto "haud opus, haud victus… no work, no food."

3% of a $200,000 house is $6,000… but how many months did it take to get that money? And remember, Realtors pay taxes _after_ they get paid. Their earnings are not conveniently withheld so they can just blow their money. Up to 40% of what they make goes straight to Uncle Sam, for the sweat of their backs.

The less guarantee there is of a pay-off, the higher the risk of days without food and of getting the electricity turned off, the larger the ultimate pay-off should be. IMO, that’s the American Way.

Hope that explained.

what are good material to study or read to prepare you for the test?
Do you need to take any other couse to get license to became qualified?

Its pretty easy. The classes are a piece of cake. See:

http://dre.ca.gov/exm_home.html

If the house is listed on the MLS as a "courtesy" of a certain realty company, do I have to use that company or can I go to the realtor of my choice in that area?

You can use the realtor of your choice. Tell them the MLS number you’re interested in, then they’ll show it to you. They’ll get the commission for the sale of the house, but the lister will get the commission for listing the house.

Good luck!

I’m looking for the current, popular meanings of the words as they are used in North America, Great Britain, and in the Repuplic of Ireland. In architecture and in realestate there seems to be some distinction. For examples: an architecural photographer has two seperate books; 500 Cottages , and 500 Bungalows; and IOL realestate has "cottages" and "bungalows" under seperate listings. What is a modest one family home… a cottage, a bungalow or something different ….???
;

North American perspective:
There is a good degree of overlap but some distinctions. A bungalow is usually from the 1870-1930 period. It would have a general horizontal feeling to it, would almost always have a covered porch and overhanging roof as a major design element. It would feature natural, native, low-tech material choices.
A cottage I think of perhaps as a bit smaller, perhaps part of an older tradition for its location. Example: a rural 16th century small house in England or Ireland could be a cottage but never a bungalow. A cottage could be in the 1950s modernist style, for example but a bungalow could not. Any home built in the 30 years could not be a bungalow, unless it strongly referenced the architecture of the pre-1930 period. Bacically: Bungalow is a style, Cottage is a detached smaller home of many, if not any, styles.
Note: in 19th and early 20th century usage, "cottage" was often used as a synonym for "rental house" or a smaller house on the same grounds as a larger one (example: guest house) of any size.

Some one tell me that Hindus are not today as per they should be.

Mamta!

First of all I would like to ask you ? Who told you that Hindus are not today as per they should be!

However anybody told you this is true in real because the Hindu religion is not an original name its name was Vedic at the starting and Vedic means one who follow Vedas and Vedas means the science/knowledge and all the knowledge about all the creation created by God.
This a huge chapter and I would like to suggest you to go to the site www.aryasamajjamnagar.org
where you can get your real answer

Where can I need help for expert in realestate investing?

You will need 680 credit to get a loan easily. Depending on the type of property, how well it cash flows and how the contract is written, you will likely need 10-15% down payment. An SBA loan may be a good way to go. You can talk to most major banks and even credit unions about getting one.

He said today he didn’t want an economy built on a pile of sand such as false realestate values and credit card debt.
Since he has borrowed more than any american in history should we really put stock his opinion?
Seems hypocritical to me.
The question was straight forward Adam. Don’t build with extended credit as a foundation. How much has he borrowed.
Unless you would like to dicuss sematics, printed, same end result.

yeah i agree with you…were talking about a guy who has no idea what hes doing.