Answers
A close friend of mine said he would like to introduce me to a local garage that sells cars bought from auctions. (I suppose the correct term to use is "a broker"). Apparently, cars sold this way can be reasonably cheap, and the broker in question also owns a garage that can repair the cars when necessary. As this is a close friend, I don't want to refuse, saying I'll meet the broker, although I don't really know how honest the broker is.
Do you have any advice?
Buy an extended warranty from a third party and consider that part of the purchase price.
If the two add up to more than you are willing to spend, then it is not a good deal.
Insist on a carfax report that shows all inscurance claims made for the VIN of the vehicle.
Cars bought at auction could have serious frame damage, water or smoke damage too.
Great that the guy can fix the cars, but unless you get something in writing that says he will do it for free it doesn't mean a thing.
EDIT:
He is a middle man, you can pay a small fee and buy a car at an auction and eliminate the middle man mark up if you want to do your homework. Either way inquire about an extended warranty first and call that part of the 'price'.
The Wall Street guy at work
I would like to find out how much I should expect to pay a broker/agent to sell my restaurant business in a mall eatery. I'm sure it goes by percentage so what percentage should I expect to pay the broker. Also, does the buyer also pay the broker a certain percentage?
Thank you
You could call a broker in an adjacent town & ask them without giving away your location.
They used to charge 10-12% comm for a business opp sale. .
I simply cannot seem to find legitimate information on becoming a mortgage broker in California. Many of the web sites that purport to have information really share very little of anything and some are just plain frauds. I'd like to find information on mortgage broker training and possibly information on finding a school (preferably Los Angeles) where I can get training on becoming a mortgage broker.
What are you thinking BRO that is a bad job especially this time of the year. You only get two applicants a week. No houses selling.
I am thinking of starting a real estate company in Tennessee. What is a fair way of paying a principal broker? Do they typically get paid a salary or percentage of what agents produce? I am a licensed broker, but do not wish to be the principal.
Most often, they get a piece of every transaction in the office. Their license is on the line for it.
Of course, broker/owners who don't want to be principal are usually playing rope-a-dope, so whatever you can get your dope to agree to. If your practices and supervision and training were up to the task, there wouldn't be any need to pay the dope, would there?
I am a real estate agent in Minnesota. In the state of Minnesota I am required to have a broker hold my license. Thus, costing me a lot of money every month to be an employee of a brokerage. Are there any states that don't require a broker to hold your license?
So, what you are trying to say is that you DO NOT want to pay anyone for the use of their office space, to do research on their computers, send and receive faxes on their fax machine, make and receive phone calls on their phones, write up offers with their forms, conduct closings in their conference room?
By law, you are not allowed to do business for yourself unless you are a broker. As a real estate sales associate, your legal actions are to be controlled by someone who is more knowledgeable than you.
Contracts with a broker can be negotiated. Perhaps you need a broker who will allow you to keep 100% of your commission while charging you for the use of their equipment, forms, etc on a monthly basis. But be warned, in this trying market it is rather difficult to get the sales. If you are conducting a couple of sales per month consistently in these hard times, then go to a brokerage which will do this.
Aon results highlight tough quarter for insurance brokers
Said third-quarter net income attributable to shareholders was $120 million or 41 cents a share, up slightly from a year earlier when the Chicago-based company made $117 million, or 40 cents a share.
Profit from continuing operations dropped 25% to $117 million, or 40 cents a share, from $155 million, or 53 cents a share, for the prior year quarter. Excluding certain items, profit from continuing operations fell 6% to 65 cents a share in the latest period, Aon reported.
Total revenue fell 2% to $1.8 billion. Organic revenue at Aon's main risk and insurance brokerage services unit fell 3%. Organic revenue excludes the impact of acquisitions and sales of businesses, as well as currency fluctuations. It's a closely watched gauge of how well insurance brokers perform.
"Brokerage organic revenue was disappointing," Brian Meredith, an analyst at UBS, wrote in a note to investors on Friday. UBS was expecting Aon's organic revenue to climb 1% in the period, not fall 3%.
Former South Korean spy chief, broker of historic 1972 peace deal ...
SEOUL, South Korea — Former South Korean spy chief Lee Hu-rak, who brokered the signing of a consequential 1972 cease-fire document with North Korea following a under cover stagger to Pyongyang, died Saturday. He was 85.
Lee, who had been hospitalized since near the start May, died of old age and a acumen tumor, said Commons Yu-kyoung, a spokeswoman at Kyung Hee University East-West Neo Medical Center in Seoul.
Lee, a retired army noteworthy accepted, was a suspend associate of former President Parkland Chung-hee, who ruled South Korea with an iron fist for 18 years following a coup in 1961.
While serving as Put’s top nous peace officer, Lee traveled to Pyongyang in 1972, met then-ruler Kim Il Sung — the framer of present chairlady Kim Jong Il — and helped broker a collective communiqu in which the two Koreas agreed to travail toward peacefully reunifying their divided peninsula.
Lee’s visit was made at the peak of Frosty War strife between the Koreas, and he reportedly carried cyanide to cause the death of himself in the reality negotiations failed and he was entranced security.
The July 4 collaborative communique was hailed as the first bigger be consistent between the Koreas on unification since the Korean War ended with a thin let-up in 1953. However, it was thrown into limbo a year later when Pyongyang cut off ties with Seoul, criticizing it for having agents abduct a South Korean antipathy chairman in Japan.
Lee allegedly ordered the abduction of Kim Dae-jung, who at the end of the day won the South Korean presidency in the unpunctually 1990s, to mitigate adhere Reserve’s prohibit. Kim forgave Lee and others labyrinthine associated with in the 1973 kidnapping as part of his efforts to sponsor resident pacification after becoming the president in 1998.
The two Koreas signed a correspond to dovish bargain when Kim Dae-jung met Kim Jong Il in a guidepost culmination in Pyongyang in 2000. Kim Dae-jung won a Nobel Accord First-rate for his efforts to adjust with North Korea.
Lee also served as a nationalistic legislator but was phony to exempt from civil affairs after Leave was assassinated by his percipience chief, Kim Jae-kyu, during a drinking cocktail in 1979. Parkland’s successor Chun Doo-hwan, an army broad who seized power through a coup later that year, banned Lee from likeable in diplomacy for several years, citing his purported corruption.
...News
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