Answers
What is the difference between the four, how much training does each require, and what is the average age when most people enter this career. At what age is it too late to begin selling property before you lose an edge or are not taken seriously? 30s? 40s? 50s? Any websites which offer taining classes for each by state? Thanks
A real estate agent (or salesperson) is usually the first step to selling real estate. It is the shortest class & exam, and is the easiest step. An agent is technically not allowed to collect commission, but rather works for a broker who takes a share. In most states, you must be an active agent for a certain period of time (in NJ it's 3 years) before you can become a broker. The class in NJ is 80 hours. Check out www.schoolofrealestate.com for me info.
To be a broker means agents work for you, and you can collect and share commissions. You can also open and run your own office, or teach real estate. To be a broker you must take another class and license exam. I think the broker class is 180 hours +.
A Realtor is only a designation that real estate agents are entitled to for being members of the National Association of Realtors (NAR). Most, but not all agents are members of NAR. Agents that are members are held to higher standards of ethics, training, etc.
A Buyer's agent is someone that represents only the buyer. In the past, all agents represented the seller. As this was unfair to buyers, most state real estate commissions instituted the concept of agency. In NJ, an agent can be "acting" as a Buyer's Agent, Seller's Agent, Disclosed Dual Agent, or Transaction Broker, in any given transaction. As an agent or broker, you could be actiing as any of these depending on the transaction. Now I've written way too much and there is still a lot to know. If you have any more questions, email me.
Use my FREE service to save you time and money to buy your brand new home! www.BrokerBryan.com 704-607-9730 Bryan@BrokerBryan.com Bryan Kalentek ...
When i'm ready to look for a home, who should i be looking for? Real Estate Agent? Broker? realtor? Is it necessary for me to go through an agent? this will be my first home.
ACK. Let me lay it out for you. A REALTOR (tm) is an agent OR broker who is a member of the National Association of Realtors. A broker does have a higher education level than does a real estate agent, but that education is almost entirely involving the ability to run a real estate brokerage office. There is precious little difference between a broker and a sales agent when one considers real estate knowledge.
There are quality agents who are not brokers, and there are brokers whom I would rather flatten with my car than deal with them. Again, a REALTOR is purely a designation of a member of the NAR.
Which can assist me in bidding on and purchasing a home?
simply a real estate agent is someone who has passed the state test to get a license. a "realtor" is real estate agent who belongs to the national assosiation or realtors and has pledged to uphold the ethical code of the assosiationa. a mortgage broker is someone who finds and gets mortgages for clients, they legally should have nothing to do with finding and showing a home. either an agent or a realtor can help on purchasing and bidding. i would make sure you find a buyers agent, that is an agent that works only for you, not the seller. if you have anyother questions look me up.
Which one is more beneficial and easy to become IN CALIFORNAI
A Broker is a Realtor which is licensed to open their own Realty office, and can be paid a commission for the sale of a property.
A Realtor is a person who works for the Realtor, and gets paid a percentage of that commission when they are the Realtor who represented the property sold. They also pay dues, and office rent to the Broker.
An agent is another term for a Broker or Realtor.
It is easier to become a Realtor. Either way, it is a customer based business, and you can expect to not make enough to live on for the first couple of years until you build a customer base and a good business reputation.
You only get paid when properties sell - and right now the amount of properties that sell are less.
if a person says that he is an real estate agent
how can I trust him. To sel a home worth thousands of dollars
. How do I know that person is really a broker or an agent ?
It's easy to check. Every state has a website that you can visit and look up that persons license information.
www.trec.state.tx.us
www.dre.ca.gov
Just google your state+ real+ estate+ license
Homes sales spike credited to first-time buyer tax credit
National sales of existing homes hit a two-year high last month. A soon-to-expire $8,000 federal tax credit is helping fuel purchases by first-time homebuyers in this region, too, say local brokers and analysts.
"It's one of the only stimulus bills that actually pumped money to Main Street instead of the banks," said Gary Rogers of Re/Max First Realty in Waltham, president of the Massachusetts Association of Realtors.
Sales of single-family homes, townhouses, condos and co-ops in the United States climbed 9.4 percent in September compared to August, according to National Association of Realtors data released yesterday.
That's up 9.2 percent from the same period last year and the highest level since July 2007, the association said.
In the Northeast, sales rose only 4.4 percent since August, from 910,000 units to 950,000, the Realtors group reported. But since the same time last year, Northeast sales have rebounded 11.8 percent.
First-time buyers responding to the federal tax credit drove much of the spike in purchases, said the National Realtors Association, which is pushing Congress to extend the credit to next year before it expires Nov. 30.
Home Purchase Realtor's Commission Refund Possibilities ...
I've bought 2 houses without a "client's agent" and both times was clever to get an additional 3% reduction in the reward by making the come what may that the seller's agent wouldn't have to split a commission. (I leftist it up to the seller and the seller's agent to vocation out between them whether the agent gave up half the commission or the client took the hit -- in one for fear of the fact, the agent gave up the 3% and in the other, the agent reduced to 4%, so the seller took a bit bit of a hit). That being said, as a material manor attorney, I grasp what I'm doing when I buy a property -- I plan my own offers/contracts, organize for inspection and privilege, carry off any contingencies, etc. If you don't have episode buying mark, I wouldn't advise it. (Then again, I have to say, many of the agents I've worked with recognize/do very barely -- they don't in point of fact be in sympathy with many of the provisions in the conceive corrugate and couldn't send a letter up an addendum or mediate when the inspection turns up problems if their lives depended on it). First the an arrangement you are referring to is a cut not a refund. The seller pays the commission so the purchaser is being rebated. This is admissible in PA but outlawed in NJ though not for protracted. I am told a unflinching with deep-rooted pockets (perchance Redfin-who knows) paid a lobbiest to get a bill introduced into the legislature. It passed the bagnio but not the senate yet. Here is a map of states that add and ban rebates . We planning about the buy side and do it locally in North Jersey but there are some issues with it. From a procuring precipitate perspective, firms like Redfin have an consummation when they grant the seller's broker to show the brothel to the customer. The seller's broker could take the customer's broker to arbitration over the commission for not maintaining a perpetual check of post from dawn to end. Also, in a bad store like now, seller's agents are wishing for to pushy sales but in a worth Stock Exchange, buyers working with a Redfin typewrite copy may admit defeat houses when listing agents...
News
Real estate agents find Tweet successDenver Post - Oct 25, 2009
Kraft isn't the only broker, Realtor or agent giving social media a spin. The National Association of Realtors reports nearly half of the country's Realtors and more »Jackson Sun - Oct 25, 2009
Judy Sirls, full-time Realtor at Crye-Leike Blue Skies of Jackson, was recently named "Outstanding Agent of the Month" for September.Reading Eagle - Oct 25, 2009
In order to attain Associate Broker status, a licensed real estate agent must complete an additional 240 hours of advanced real estate instruction,Cape Gazette - Oct 23, 2009
She has been a licensed agent since 1991 and a licensed broker since 1998; she was awarded her Graduate Realtor Institute status in 1996.Milford Daily News - Oct 24, 2009
ABC NewsFramingham Realtor Donna Moy-Bruno said she has seen "a little spurt of activity" recently, including first-time homebuyers looking to close sales. Illinois Home Sales Show First Increase in Over Three YearsBig Rebound in Existing-Home Sales Shows First-Time Buyer Momentumall 1,369 news articles »