Comments for Real Estate

Comment on How is the realestate market doing in chennai? by Mynuddeen Ibrahim

Mynuddeen Ibrahim — Thu, 02 Feb 2012 09:08:59 +0000

now Rs.350 /sq ft
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Comment on When buying realestate what is the best type of government progam for African Americans? by Odie

Odie — Sat, 17 Dec 2011 11:41:59 +0000

There are all kinds of grants you can get. Ask a loan officer from a local bank, if he/she doesn't know, try another bank.
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Comment on Can I find a californian realestate agent to sell my arizona home? by Landlord

Landlord — Sun, 20 Nov 2011 08:44:59 +0000

The agent would have to have an AZ license, which requires they are a resident of AZ.
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Comment on Can I find a californian realestate agent to sell my arizona home? by ranger_co_1_75

ranger_co_1_75 — Sun, 20 Nov 2011 07:59:59 +0000

Only if the agent you pick is licensed to sell real estate in both California and Arizona.
Usually a real estate agent is licensed to sell in one state only.
You would do best to list with an Arizona realtor, and ask them to advertise in California too.
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Comment on Can I find a californian realestate agent to sell my arizona home? by Simpson G

Simpson G — Sun, 20 Nov 2011 07:26:59 +0000

You can only do this if the agent is licensed in AZ. It's a smarter bet to get an AZ agent who specializes in vacation properties. They know where to market it for vacationers.
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Comment on Can I find a californian realestate agent to sell my arizona home? by rtfm

rtfm — Sun, 20 Nov 2011 06:57:59 +0000

And how do you expect them to show the house?
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Comment on I will be pursuing schooling in realestate to earn my license to act as a realtor, how do they get paid.? by mack

mack — Tue, 15 Nov 2011 17:13:59 +0000

Steve D gave an excellent answer and sound advice. We would all like to specialize in luxury properties. But until you get some experience under your belt, why would the owner of a multi-million dollar home want to hire you? That being said, if you have a specific language you can market, you might be able to tie up that segment of the luxury market. (A new agent in my office with Arabic is doing quite well working with the diplomatic community in the Washington, DC area.) Or, if you’ve been blessed with good looks or connections, they can also help you clients. However, experience it was most customers and clients want to see.
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Realtor 14+ years.

Comment on I will be pursuing schooling in realestate to earn my license to act as a realtor, how do they get paid.? by Steve D

Steve D — Tue, 15 Nov 2011 17:01:59 +0000

Real estate agents get paid by commission – no sales, no income. THe usual rate is 6 to 7 percent commission which the listing agent splits with the buyer’s agent. Both agents usually then split their piece of the commission with their agency, so on a 6% commission, you would walk away with 1.5%.

Out of that 1.5%, you are expected to pay all expenses incurred (for a selling agent, that includes the MLS listing fee, any advertising fees, signage, etc – for the buyer’;s agent, that includes gas charges to tote teh client around, etc.).

Real estate agents specializing in luxury properties usually have a few years of experience under their belts – no one with an expensive property to sell is going to trust a new agent with that responsibility.

In case you haven’t noticed, the real estate market is not moving – houses aren’t selling and buyers are no where to be found. Be prepared for a few lean months and make sure you have a bank account to live off of for a while.
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Comment on I will be pursuing schooling in realestate to earn my license to act as a realtor, how do they get paid.? by SadieB

SadieB — Tue, 15 Nov 2011 16:32:59 +0000

A realtor gets paid by selling homes. Usually a percentage of the sale of each home goes to the company the realtor works for and they have their own determined amount of that as their pay. You may get a small base salary, but to really make any money and to last in the business, you need to sell houses and get people buying. Right now the economy is so rocky in the real estate business. A lot of people are leaving to get work elsewhere because they aren't able to make it. Of course, things are bound to turn around at some point but the question is when. It isn't a bad thing to consider getting a license, but I would have a fallback strategy so you can pay the bills if you can't move any houses right away. Maybe begin part time with income from another source to supplement and then as the market picks up you could shift to full time.
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Comment on I will be pursuing schooling in realestate to earn my license to act as a realtor, how do they get paid.? by Elvis Parsley

Elvis Parsley — Tue, 15 Nov 2011 16:18:59 +0000

First you find a broker who will take you on (you're a subcontractor, not an employee), so the bad news is: You pay him!! When you list a home, you agree on the commission in the listing and then when the home sells, your broker pays you after deducting his expenses and fess etc. For a buyer, your broker receives the commission from the listing broker and then again he pays you. The listing broker advertises the commission he's offering on the listing placed with your local board so you can tell what you're getting paid. Usual commission is 5% with 2.5% paid to the buyer agent and the other 2.5% retained by the listing agent
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