Forex Digest

iwant to be home broker so i wna know which the best interprise in inda to invest

Don't invest when market is on it's peak. Have a little watch for some more time.

2007-10-14 16:17:11 by royelstreet

Através do HB é possivel emitir ordens de compra/venda de Ativos no Indice Bovespa

I am planning to buy a home around $700K in New York City. I'm wondering if I will save any money by becoming a licensed real estate agent/broker (I realize I have to take the test and pass) and then purchasing the home for myself. I would think that by doing this, I would save the broker commission that I would otherwise be paying another real estate agent/broker. Is this a valid assumption? Please provide any information about this. Thanks a lot.

The last person that answered and said it is not possible to collect a commission if you are the principle is incorrect. They may want to check their source.

I am an active real estate agent. I have bought 2 homes that were my primary residence in the last 7 years. Each time I represented myself as the buyer's real estate agent. Each time I deducted my commission from the price of the home because that is how I wanted to get paid. But I had the option to get paid the normal 3% as the buyer's agent and have that money go through my broker and their commission split to be taken out. So in order to avoid all that, most brokers allow their agents to have at least 1 personal transaction in order to benefit from it. Maybe things are different in NY - I am a TX agent. I say get your license but don't be a broker (more expense and liability) just be an agent. Find a broker that will just charge a minimal desk fee ($250) per month or a certain amount per transaction ($200) and they also will pay your E&O insurance. As long as you keep your license active, this will be a great asset to have in the future as you and your family or friends buy homes. It will save you money in buying and selling. Just make sure that everyone involved in the transaction knows you are a licensed agent and representing yourself.
Good luck.

2009-08-17 08:38:19 by eldhose98

I am a mortgage broker and have been since 2001. I have a masters degree in Finance and not only know how to do loans, but I truly believe in "customer service and fairness."
My question is this; is it fair for me as the mortgage broker to charge $995.00 on the front as my broker fee, $0.00 in YSP, and give the borrower the lowest possible rate? I have been doing this for several months now, but really wondered if people really do care about fees. Yes, I want to continue to make a living in this business, but the last two months I have closed 6 loans each month, but after my split with my company, I take home $1500 a month. I won't last long if I keep this up....any suggestions????

You are being TOO generous. The realtors make up to 6% on their transactions.. industry standard for financing cheaply is 1 to 1.5% total between origination and ysp..... Industry standard for financing fees that are moderate but still fair is 2 to 2.5% between origination and ysp... Anything after that is pretty much not being so fair.. Unless of course you have jumped through a thousand hoops trying to get their loan done. Like driving to the courthouse because they dont have their old bankruptcy papers because they have lost them.. Having to repair their credit etc etc. In this case it is fair.. YOU are your KNOWLEDGE is worth money too. Your time is worth money. Please don't sell yourself short! There is no way you should be only bringing home 1500 a month if you are closing 6 untils per month...

2007-05-26 21:42:24 by Mark M

you sell mobile homes and don't even usually need a license. She makes thousand of dollars a year but my question is how does she sell them so easily? Does anyone know anything about this?

She does not need a license if the mobile is not "affixed" or "attached" to the land under it. It is the same as selling refrigerators. Did you know that some Circuit City salesmen made $100,000 before they were switched to salary-only? Good salesmen can make a lot of money.
My guess is that she displays a passion for the mobile homes. She gets excited by the idea of someone buying their future home. She can picture them sitting at the dinner table of their own home. They are no longer renters. THey are owners.
Try it. /

2008-08-19 11:57:18 by gay-pianist

The owner of the home I am purchasing is the owner, seller, and broker all in one. He bought a home to renovate and put it back on the market. Is there anything I should be suspicious about?

Its common. Why would an agent hire someone else to sell their home when they can sell it themselves. As long as it is disclosed then it is no big deal.

You should however have your own buyer's agent in that situation.

2009-06-13 09:22:22 by jasonmarke