Comments for Understanding Real Estate http://understanding-real-estate.com Informational articles, tips and tricks about real estate Fri, 18 May 2012 10:19:04 +0000 hourly 1 http://wordpress.org/?v=3.3.2 Comment on Which real estate companies are best for new agents? by Jaydee http://understanding-real-estate.com/questions-answered/which-real-estate-companies-are-best-for-new-agents#comment-25 Jaydee Fri, 18 May 2012 10:19:04 +0000 http://understanding-real-estate.com/questions-answered/which-real-estate-companies-are-best-for-new-agents#comment-25 I am a real estate agent in Australia with my own independent office. I am not sure what courses are like through franchises, however, here, the courses with regular real estate schools are very good. When you are looking to find an agency to work for, consider the following: - do they regularly pay for training for their employees? what kind of training and how frequently? - does management get regular training and upgrade their knowledge on changes in legislation etc (here we have special annual education to attend to stay in the know) - what internal systems and procedures do they have that will assist people who are just starting out? for example, a good computer software and training resources in the office for when you get stuck on something. - is there someone more experienced in the office that can mentor you? I believe that a franchise is not necessarily the best, often all the training that they attend is in house, and they are not open to external training providers (which can be very beneficial). You need to look at the individual operator of the office to decide if it will be a good environment to start your career or not. I am a real estate agent in Australia with my own independent office.

I am not sure what courses are like through franchises, however, here, the courses with regular real estate schools are very good.

When you are looking to find an agency to work for, consider the following:

- do they regularly pay for training for their employees? what kind of training and how frequently?
- does management get regular training and upgrade their knowledge on changes in legislation etc (here we have special annual education to attend to stay in the know)
- what internal systems and procedures do they have that will assist people who are just starting out? for example, a good computer software and training resources in the office for when you get stuck on something.
- is there someone more experienced in the office that can mentor you?

I believe that a franchise is not necessarily the best, often all the training that they attend is in house, and they are not open to external training providers (which can be very beneficial).

You need to look at the individual operator of the office to decide if it will be a good environment to start your career or not.

]]> Comment on What can a real estate agent and broker require you to sign in a real estate deal? by sylviavnpttn http://understanding-real-estate.com/questions-answered/what-can-a-real-estate-agent-and-broker-require-you-to-sign-in-a-real-estate-deal#comment-24 sylviavnpttn Fri, 18 May 2012 01:19:59 +0000 http://understanding-real-estate.com/questions-answered/what-can-a-real-estate-agent-and-broker-require-you-to-sign-in-a-real-estate-deal#comment-24 You have a LEGAL AND BINDING CONTRACT. all disclosures within the contract should be what the seller knows about the property. Now the other agent cannot FORCE you to sign anything. Basically what the agent is trying to do is cover his clients ass- if the selling side has a problem with it you can always take it before arbitration (see how they like that). Either way the selling agent is not within his rights to present other docs. for disclosures, nor do you let them off the hook. You will have no recourse if you do. Hope this helps. You have a LEGAL AND BINDING CONTRACT. all disclosures within the contract should be what the seller knows about the property. Now the other agent cannot FORCE you to sign anything. Basically what the agent is trying to do is cover his clients ass- if the selling side has a problem with it you can always take it before arbitration (see how they like that). Either way the selling agent is not within his rights to present other docs. for disclosures, nor do you let them off the hook. You will have no recourse if you do. Hope this helps.

]]> Comment on How can I find a good real estate investment coach? by Dominion Lending Centres http://understanding-real-estate.com/questions-answered/how-can-i-find-a-good-real-estate-investment-coach#comment-23 Dominion Lending Centres Thu, 17 May 2012 16:17:41 +0000 http://understanding-real-estate.com/questions-answered/how-can-i-find-a-good-real-estate-investment-coach#comment-23 Russ Whitney has a great coaching program you may want to take a look at. Good Luck Sheldon Moylan of Dominion Lending Centres Russ Whitney has a great coaching program you may want to take a look at.

Good Luck

Sheldon Moylan of Dominion Lending Centres

]]> Comment on Real ESTATE? by Susan H http://understanding-real-estate.com/questions-answered/real-estate-4#comment-22 Susan H Thu, 17 May 2012 06:25:40 +0000 http://understanding-real-estate.com/questions-answered/real-estate-4#comment-22 I am a real estate agent and I think it's a wonderful career choice. If you have self determination, love working with people, think it's fun to show houses and don't want a regular 9-5 job, you will love it too. I don't know what state you are in, but in California you are required to have three classes and then pass a test that is different from the three classes you take. So you have to study hard for the test, which is like taking an extra class. One wonderful thing about real estate is that you can choose how many clients you want to work with. If you work a lot, you can make a good living. Or you can do it part time while you continue to go to school and your real estate income will help you get through college. I don't think real estate is ever too risky to get into if you are self motivated. Even in a bad market, there are people who still want to buy and sell and they are looking for an agent who cares about their needs and will do whatever it takes to make their real estate sale go as smoothly as possible. If you like that idea, go for it. I am a real estate agent and I think it’s a wonderful career choice. If you have self determination, love working with people, think it’s fun to show houses and don’t want a regular 9-5 job, you will love it too.

I don’t know what state you are in, but in California you are required to have three classes and then pass a test that is different from the three classes you take. So you have to study hard for the test, which is like taking an extra class.

One wonderful thing about real estate is that you can choose how many clients you want to work with. If you work a lot, you can make a good living. Or you can do it part time while you continue to go to school and your real estate income will help you get through college.

I don’t think real estate is ever too risky to get into if you are self motivated. Even in a bad market, there are people who still want to buy and sell and they are looking for an agent who cares about their needs and will do whatever it takes to make their real estate sale go as smoothly as possible. If you like that idea, go for it.

]]> Comment on Real estate? by Nancy Kay http://understanding-real-estate.com/questions-answered/real-estate-3#comment-21 Nancy Kay Wed, 16 May 2012 20:35:31 +0000 http://understanding-real-estate.com/questions-answered/real-estate-3#comment-21 Depends on the licensing requirements in your state. Check with the Department of Real Estate for their requirements. Most states require some basic courses, but there may be exemptions or partial exemptions for experience in the field. The only exception in California is that licensed attorneys, regardless of their field of practice, can go straight to the Broker level exam. Afterwards, most states also require a certain amount of continuing education for license renewal at either the Agent or Broker level...so you might as well get used to taking classes...and who knows, despite all your experince, you may learn just the thing you needed to know... Depends on the licensing requirements in your state. Check with the Department of Real Estate for their requirements. Most states require some basic courses, but there may be exemptions or partial exemptions for experience in the field. The only exception in California is that licensed attorneys, regardless of their field of practice, can go straight to the Broker level exam. Afterwards, most states also require a certain amount of continuing education for license renewal at either the Agent or Broker level…so you might as well get used to taking classes…and who knows, despite all your experince, you may learn just the thing you needed to know…

]]> Comment on real estate? by Anonymous http://understanding-real-estate.com/questions-answered/real-estate-2#comment-20 Anonymous Wed, 16 May 2012 10:36:14 +0000 http://understanding-real-estate.com/questions-answered/real-estate-2#comment-20 Hi Jeannie! I suggest you first learn the difference between Real Estate Companies. Some charge desk fees, some do a split with commissions (find out what other monthly fees they have), some are flat fee brokers. Find out if they have retirement, residuals, if they offer profit sharing how long does it take to get that profit, training, what programs do they offer and do they cost? Do they have a training schedule? Do they have a mentor program? Do they have a new agent training course? Do they have health insurance? Then go meet the Broker. If you can't relate with them, then it's not a good fit! If you have any questions, email me! Good luck and make us all proud! :) Vicki Watzlawick Broker Owner Exit Platinum Realty www.ExitPlatinumRealty.com Hi Jeannie!

I suggest you first learn the difference between Real Estate Companies. Some charge desk fees, some do a split with commissions (find out what other monthly fees they have), some are flat fee brokers. Find out if they have retirement, residuals, if they offer profit sharing how long does it take to get that profit, training, what programs do they offer and do they cost? Do they have a training schedule? Do they have a mentor program? Do they have a new agent training course? Do they have health insurance?

Then go meet the Broker. If you can’t relate with them, then it’s not a good fit! If you have any questions, email me! Good luck and make us all proud! :)

Vicki Watzlawick
Broker Owner
Exit Platinum Realty
http://www.ExitPlatinumRealty.com

]]> Comment on Real Estate? by kemperk http://understanding-real-estate.com/questions-answered/real-estate#comment-19 kemperk Wed, 16 May 2012 00:40:57 +0000 http://understanding-real-estate.com/questions-answered/real-estate#comment-19 stay out of the mainstream area; that is, listing houses for sale. become an exclusive buyer's agent. Rep middle income and upper income black women as a niche. Also poke into doing commercial and industrial purchases. and maybe business brokerage plus, interview different agencies-- most are Realtor focused; which means they take listings. YOU can choose not to do that via being an exclusive BUYER's agent. [they don't sell RE--they help buyers buy, and that is a different approach]. plus u can find those offices that have 100% approaches [where the agent pays for desk space and does not split the commission.] available to help -though I am not in TN. stay out of the mainstream area;
that is, listing houses for sale.

become an exclusive buyer’s agent.
Rep middle income and upper income
black women as a niche.

Also poke into doing commercial
and industrial purchases.

and maybe business brokerage

plus, interview different agencies–
most are Realtor focused; which
means they take listings. YOU can
choose not to do that via being
an exclusive BUYER’s agent.
[they don't sell RE--they help
buyers buy, and that is a different
approach].

plus u can find those offices that
have 100% approaches [where
the agent pays for desk space and
does not split the commission.]

available to help -though I am not
in TN.

]]> Comment on Real Estate Selling Tips That Are Easy To Understand by Judy http://understanding-real-estate.com/real-estate/selling-real-estate/real-estate-selling-tips-that-are-easy-to-understand#comment-10 Judy Fri, 30 Mar 2012 18:38:45 +0000 http://understanding-real-estate.com/real-estate/selling-real-estate/real-estate-selling-tips-that-are-easy-to-understand#comment-10 the advice about fixing up your bathroom before putting your house on the market is a good one. no one wants to move into a dirty old bathroom the advice about fixing up your bathroom before putting your house on the market is a good one. no one wants to move into a dirty old bathroom

]]> Comment on How to Keep Chickens – Why Experience With Proper Research Helps You in Raising More Chickens by Judy http://understanding-real-estate.com/homes/how-to-keep-chickens-why-experience-with-proper-research-helps-you-in-raising-more-chickens#comment-8 Judy Thu, 29 Mar 2012 02:06:08 +0000 http://understanding-real-estate.com/homes/how-to-keep-chickens-why-experience-with-proper-research-helps-you-in-raising-more-chickens#comment-8 Interesting article.. I have always thought it would be fun to raise chickens, didn't realize it was this complicated. Interesting article.. I have always thought it would be fun to raise chickens, didn’t realize it was this complicated.

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