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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.
Learn How to Work 1 Month and Earn A Year’s Slary! Free 24 Hour Recorded Message on How to Do It!
Call 1-800-561-7964 ext. 777
View the subdivision of Alterra in Maricopa Arizona.
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Technorati Tags: Alterra, Arizona, community, estate, for, homes, houses, Maricopa, real, sale, subdivision
I want to start a business buying, renovating and selling properties. I would probably sell through a proper agent, but I’m interested in finding properties myself before they get to market. What qualification do I need to be able to access information only Real Estate Agents have access to? I’m not planning on actually working as an Agent.
In the US it’s called MLS, anyone know what it’s called in Australia?
If you want direct access you would need to have a valid real estate sales license. You can not directly access the information and you can not enter properties without the license.
Chelan Vista Heights offers 20 acre parcels, in a private gated community, affordable pricing, with all infrastructure on site, only minutes from downtown Chelan!!!
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Technorati Tags: 'chelan, 98816, 995432, acreage, banker', coldwell, lots, mcclellan, null, russ, WA
I am 16, and planning on going in real estate because it seems like hard work in that business pays off compared to other places and because I am very persuasive.
When I start my junior year at my high school.. I have about 2 free clases what do you think I should take that will help me with real estate?
I am going to go to "cal state san bernardino" after I graduate high school. So what clases do you guys suggest I should take there and what should I major in.. that will ultimately help me with my real estate journey.
Also someone suggested to me I should get insurance..220 license ,real estate, mortgage license? can someone explain to me what all that does?
Check ALLIED real estate school online for info, I got a license from them.
This Month in Real Estate looks at the reversal of the 50 year trend toward larger homes. And why this might be a good time to buy for those looking to move up.
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Technorati Tags: average, Bryon, Ellington, estate, home, in, Jay, Month, move, Papasan, real, reversal, size, smaller, This, trend, U.S., up
I was wondering what the difference was between a real estate broker and a real estate agent? How long would you have to go to school to be either one?
I pretty much got my answer to this question. Can a real estate broker act as both a broker as well as the agent? I plan on starting my own realty but want to do both jobs.
As a real estate agent you have to have your licenses held by a real estate broker you are not allowed to do anything in your own name it has to be in your brokers name or the company’s name.
To become a real estate agent you have to be at least 18, take the class and pass the state exam.
To become a real estate broker you have to be an active real estate agent for 1 year take a class and pass the state exam. After wards you can do anything that you like in your own name. You can even open your own real estate business
To schedule a tour call Fears & Clark Commercial Real Estate Team at 918-481-2080.
Experience reinvigorated downtown Tulsa. Office within blocks of the BOK Center and OneOK Field. Enjoy countless dining
options within walking distance of your office. Experience Kanbar.
Kanbar Properties owns and manages over 2 million square feet of commercial office space in Downtown Tulsa, we have space for your business to grow!
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We are looking to buy a house. We found a real estate agent before we found the house we really want. It’s a foreclosed home. How does the real estate agent get paid?
The seller, in this case the lender, pays the agents.
Aug. 24 (Bloomberg) — Jorge Perez, chairman and chief executive officer of the Related Group of Florida, discusses the Miami real estate market and the outlook for the U.S. housing market.
Perez talks with Betty Liu on Bloomberg Television’s “In the Loop.” (This is an excerpt of the full interview. Source: Bloomberg)
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