They cant find me a home i like and want to buy,
theres usually a time limit the real estate agent has in the contract, reread it and go over it with them first.and asks questions no matter how stupid they sound to you. after all its is your time and money they’re useing
i want to switch agents without getting sued
You have a contract with them. The terms cannot be changed except by mutual consent until the contract expires. Unless they release you from the contract, you have to pay them the commission the sale regardless of how the house is sold.
So Yes, you can get a new agent but you would then have to pay commission to both agents. Even if you sell it without an agent you have to pay commission.
I would really love to change careers and realestate has always interested me. I have a high school diploma and have operated a successful home based business for 12 years. I am afraid it will take years to make any money in realestate in London, Ontario, Canada. Any one have any input to help me make my decision?
You can make the 50k right away, even in your first year! It all depends on how many houses you sell. Sure when someone is looking for a realestate agent they look for experience, but not always. Right now its not a good time to go into realestate because the market is so down and it doesn’t look like it will increase in the near future. I’m sure you can get 50k in your first year but its not an easy job, you must work hard and let a lot of your time go towards your clients, its not like you have work hours and personal hours like you do in some other careers. Good luck in what you choose.
I am in the market for buying a home in silicon valley California. I was visiting an open house and got talking with the agent there. According to her it is important that the buyers agent has over 3 years of experience. An offer will get accepted based on the $ amount offered, experience of the agent and how he/she presents the offer and how well known the buyer’s agent is. Hiring an agent who is relatively new and less known will definitely hurt the buyer.
I was wondering how true this is. Also what is involved in "presenting" an offer, what does the buyers agent do?
Thanks
MNN
I would call 3 years green. I would want 20 plus myself.
Connections count. Believe me, there is plenty of back scratching going on! The sellers will not know about it, but the agents can influance how fast and how to their liking certain things are done (like appraisals, inspections).
The only thing I can think of in "presentation" is getting everything correct. The offers are done on forms and there isn’t much to it.
choices.
a-residential realestate agents do not need to know about environmental conditions.
b-realestate licensee could be liable if he or she should have known about a condition/even if the seller neglected to disclose it
c-disclosure of environmental hazards is the responsibility of the seller
d-unless the buyer asks,the realestate agent does’nt have to worry about it.
B & C. A real estate agent has the duty to find out what he can immediately see or to disclose what the seller tells him. That is where his liability ends. The seller though, if they knew of this hazard and did not disclose it, is liable. That is why a buyer should always make sure a disclosure statement is filled out upon sale.
Definitely call your escrow officer though. Escrow insurance often covers this kind of thing and if not, they are an excellent resource. (Providing you used a title company to handle your sale)
Lol, you don’t need to be good at anything to be a real estate agent. It’s a job where you take a 2-4 week class depending on what state you live in. The classes aren’t even all day long. You take some cheesy 100 question (give or take) exam. I’ve taken harder exams in accelerated junior high courses. It takes more time, money and effort to get your certification in refrigeration or plumbing than it does to be a real estate agent.
In a hot market, you don’t have to do anything except know how to breathe. In this current market, whether or not you can sell depends on if you can be nice to your clients. The hardest part will be learning to talk a good game if you can’t do it naturally. Otherwise, you just have to chase a lot of leads and talk to a lot of people. Oh, and you take a lot of digital pictures and craft listings. Essentially, you need arts and crafts skills.
All I can tell you is that there are a lot of real estate schools. If you find a company that you’d like to get down with, talk to them. Many brokerages like ReMAX, have their own accredited real estate schools. If you sign up with them in advance, they will waive, reimburse or discount a lot of the fees you will have to pay in the course of obtaining your license. Good luck.
we but an offer on a house sat morning. it is now sunday when should I hear back from our agent. I feel as though she has too much going on in her personal life to get the job done. we have sold our home so now time is limited in finding a new home. Am I expecting too much from her if I need her to work nights and weekends for us???
Give it more time, lots of time if it is not being sold by a private party. I hope she told you not to bother with short sales if time is an issue for you.
Yes, it is reasonable to expect her to work 9-5 with the banks, inspectors, title companies, etc, and nights and weekends with you and other buyers. Those are the hours of the profession she signed up for.
I want to know before i choose a university
and i was wondering if you can be a judge and a lawyer at the same time
I want to know
i am very good at all of them but i am planning on a big big big company with the money i make
I won’t get into the being happy is more important debate i will tell you where to obtain info:
Occupational Outlook Handbook (OOH), 2008-09 Edition
For hundreds of different types of jobs—such as teacher, lawyer, doctor, engineer, chef, mechanic and nurse the handbook tells you:
the training and education needed
average earnings
expected job prospects
what workers do on the job
working conditions
related fields
sources of additional information
just click and read
http://www.bls.gov/oco/
for earnings specifics listed for each career by city and state
just select the city or state you want to know about and the job. you will find actual reported earnings from the location you select for the job you select broken into 5 categories
top 10%, top 25%, median, bottom 25% and bottom 10%.
http://data.bls.gov/oes/search.jsp?data_tool=OES
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!
Okay so I found some foreslosures and their ID numbers.. Who can I send the ID numbers to to get more info and buy it?
Well, I am not Gregg, I think you need your own agent, don’t use the banks!
Ask some of your friends who they used and were HAPPY with. Give the numbers to that agent and see if they can guide you.