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I read in a disclaimer for my Online Real Estate Broker courses that you can only complete 2 courses every 5 weeks. (Im signed up with Allied if that matters). You have to complete a total of 8 courses…so is it true that it will take me 15 weeks of complete all of the required courses. Has anyone taken less tme and gotten away with it? Is this an outdated requirment?

The problem is…I am fresh out of College and am a fast learner….so it would really only take me 8 weeks at most to finish them.

2 per every 24 hours. I started out
in CA. Their school policies may limit you but the law does not to that extent.

maximum of eight (8) hours per calendar day –is a standard.

so, that 2 classes is one limit and
in AZ, we have 9 hour limits.

Is it better to manage your own rental property yourself or use a property manager from a realestate agent, And if you do it yourself how much money would I save?

it would vary how much you would save. In my experience I would urge you to have a company to manage the property. They take away all of the hassle and will find replacements much quicker than you can yourself.

Anything will sell if the price is right. Unfortunately in today’s market you may be expecting a lot more than people are willing to pay. For example, if you listed your house for $100, someone would buy it today. Somewhere between where you are currently listing and $100 is the right price for today’s buying market. The trick is finding the right price.

just wondering, i know there is alot of people who wish they could invest in real estate as it is a great investment market. I wish wondering if you would invest in a company that invests in real estate for you?
So like lets say the company has all these listings of different real estate projects they are going to buy and you can pick from one. So maybe there is 100 acres they are going to buy at 100,000 dollars. you would be able to invest 1000 dollars in this property threw this company, so realisticly you would on 1 percent of the propety threw the company. then maybe in a year the company would sell the property and get 200,000 for it. you would then get back 2000 dollars. 1000 for the investment and 1000 dollars profit.
would this be something you would do to invest in real estate or you think others would do? of course it would be a legal corporation not like some side business.
I am just wondering as myself would love to invest in realestate but dont have the money.
Thanks!

You can invest in them REIT’s, its like investing in a mutual fund.

or afterward

Technically, the seller pays both agents, but it comes out of the proceeds of the sale, so both end up paying it in the end.

You don’t pay the agent anything upfront! The only money you give them is the check for the buyer called earnest money.

Work with someone who specializes in first time home buyers so you can get some info. Make sure you can get perapproved for a mortgage before wasting an agents time, and look at a price range WELL BELOW what the mortgage company says you can afford. I would reccomend 20-30% lower. Why? One, you won’t be financial stretched. Two, most people usually go up in budget anyway.

But now is a good time to buy if you have decent credit!! Good luck and congratulations in advance!

Only want reasestate salesmen licensed to sell timeshares. Property deeded in Wisconsin

I’m in Breezy Point MN (since your in WI you’ll be familar with my area) We have timeshares over here for under $900 – your better off selling it on your own – they hold no value so don’t expect much

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!

I recently went though a forcloser last janurary due to my husbans loss of employment .I have been employed for 4and half years at the same job at full time hours .The banks wont consider a loan for thee years .I still would like to purchase a home on my own home.What help is there trough a private realestate investore?

Nobody but a close friend or a relative is going to give you money for a mortgage or a down payment.

Build up your savings and credit score and in about 3 years you and your husband should again be able to purchase a home through a real and legitimate mortgage lender. At this time you just have to be patient and work hard to pay all of your bills on time.

Im graduating hs this year and looking into working as a realestate broker as soon as the economy improves. Which city will be better for this job and for someone just starting their life?

Miami was booming before the economy took a dump. It will boom again after things settle down.

Im graduating hs this year and looking into working as a realestate broker as soon as the economy improves. Which city will be better for this job and for someone just starting their life?

Miami was booming before the economy took a dump. It will boom again after things settle down.