After I pass my state exam I want to get straight to work. Will you realestate agents out there discribe what it took to sell your first house and what I can do to prepare my self to be an all-star realestate agent.. Im really curious of what you all do on a day to day basis…
training and prospecting on a regular basis are the keys to success
I want to know before i choose a university
and i was wondering if you can be a judge and a lawyer at the same time
I want to know
i am very good at all of them but i am planning on a big big big company with the money i make
I won’t get into the being happy is more important debate i will tell you where to obtain info:
Occupational Outlook Handbook (OOH), 2008-09 Edition
For hundreds of different types of jobs—such as teacher, lawyer, doctor, engineer, chef, mechanic and nurse the handbook tells you:
the training and education needed
average earnings
expected job prospects
what workers do on the job
working conditions
related fields
sources of additional information
just click and read
http://www.bls.gov/oco/
for earnings specifics listed for each career by city and state
just select the city or state you want to know about and the job. you will find actual reported earnings from the location you select for the job you select broken into 5 categories
top 10%, top 25%, median, bottom 25% and bottom 10%.
http://data.bls.gov/oes/search.jsp?data_tool=OES
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I have an agent now that i dont think is that good and i definately dont trust. how do i find a really good agent that i can trust.. this agent makes me feel like theyre all gonna be like this. i hope im wrong.
As an investor who has several times gone into new markets and had to seek real professionals I have devised this little trick. Pick up one of the free ad papers outside the market. Pick several ads by people who you feel may be good. Call them at 9 PM Friday night and leave them voicemails saying you would like to speak with them and leave your first name and phone number. The ones who call you back Saturday morning are working. The others aren’t!
Once you identify one or more who take their work seriously, meet with them in their offices. They will welcome it as this is the best thing for the agent. When you are there explain what you want, tell them you are not sure if you are ready yet, but you will appreciate them discussing the possibilities with you. Good luck!
choices.
a-residential realestate agents do not need to know about environmental conditions.
b-realestate licensee could be liable if he or she should have known about a condition/even if the seller neglected to disclose it
c-disclosure of environmental hazards is the responsibility of the seller
d-unless the buyer asks,the realestate agent does’nt have to worry about it.
B & C. A real estate agent has the duty to find out what he can immediately see or to disclose what the seller tells him. That is where his liability ends. The seller though, if they knew of this hazard and did not disclose it, is liable. That is why a buyer should always make sure a disclosure statement is filled out upon sale.
Definitely call your escrow officer though. Escrow insurance often covers this kind of thing and if not, they are an excellent resource. (Providing you used a title company to handle your sale)
Is it a percent or is there just a flat rate!
The other answers are incorrect.
Yes, there is a total commission of 5% to 6% of the total sale price. This is for a residential, single family home.
HOWEVER the agent doesn’t get ALL of that money.
In fact, when its a cooperating deal ["co-op deal"] with another office:
The listing agent has the property and
The selling agent has the buyer
There is STILL not a 3% split between the agents.
The agents work under the license of a real estate broker. In the case of a "co-op deal", there are 2 licensed offices involved.
Yes the offices split 3% each or whatever the arrangement is, which is stated in the contract, HOWEVER, the agents are on a flat pay basis OR on a commission basis of that office’s share of the commission.
For example: Agent A in Office A gets a listing for a property at $100,000. The Agent does everything which is connected with the sale on the Seller’s behalf to bring the deal to settlement/closing/escrow.
Agent B in Office B introduces the Buyer to the property. Agent B does the paperwork and makes sure the Buyer does everything the Buyer has to do to get the deal to closing/settlement/escrow.
At the time of closing/settlement/escrow, the total commission is 6% or $6,000, which is equally divided between the two offices.
Agent A had the listing. According to the arrangements Agent A has with Office A, Agent A’s share of the commisission is 1/2 of the 3% or 1 1/2% or $1,500. Office A has bills and expenses to pay too. They get the other $1,500.
Agent B had the Buyer. According to the arrangements Agent B has with Office B, Agent B’s share of the commisission is 70% of the 3% or $1,050. Office B has bills and expenses to pay too. They get the balance of 30% of that $1,500 or $450.
NOTE: THIS IS NOT ALWAYS THE SCENARIO OR OUTCOME. Different offices have differnt fees and different commission schedules.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
Okay so I found some foreslosures and their ID numbers.. Who can I send the ID numbers to to get more info and buy it?
Well, I am not Gregg, I think you need your own agent, don’t use the banks!
Ask some of your friends who they used and were HAPPY with. Give the numbers to that agent and see if they can guide you.
as real estate agent I need to have laptop(wireless) with me on meeting with new client out of office.what is the best option for laptop.
Whatever wireless service you have in your area and talking to people you know living there will be the best referral for that, is what will be most important. Also, as long as it has enouth memory for a program that you use for realestate and your book keeping that sort of thing. Dell is probably the best. if you are going to share files with your desktop you may not need as much memory for those programs, pictures take a lot of memory. So, Dell will design a unit just for your needs. They are great about that. They will try to sell more than you might need so really talk to other business people and see what their experience has been before you do anything. My first Gateway…first computer ever they sold me way more than I needed in programs so, I know they all do it. Just know what you want before you call and go for lots of storage and memory and speed/ Good luck.
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