| If you're wondering how to become a real
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| | purchase agreements.
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| estate agent, the basic process is fairly
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| | -Be the intermediary in negotiations
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| simple, although it does vary a lot from
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| | between buyers and sellers.
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| state to state.. You will need to take
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| | -Determine a property's market value by
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| classes, pass exams, earn a real estate
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| | comparing the property with similar
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| license, find a broker to work for, then
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| | properties that have recently sold.
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| find sellers or buyers as clients.To
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| | -Schedule appointments to show homes to
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| successfully practice as a real estate
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| | potential buyers.
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| agent in this competitive business can be
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| | -Find properties that are consistent
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| challenging. You'll have to stay
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| | with buyers' needs and available
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| current on legal changes, understand the
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| | finances.
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| real estate contracts and be
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| | -There is so much variety that a real
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| technologically aware. If you are
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| | estate agent is usually never bored.3)
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| determined, the payout can be huge.Here
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| | What is a REALTOR(R)?
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| are the basics of what you need to know
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| | Many people are confused about the
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| about becoming a real estate agent.1)
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| | difference between a real estate agent
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| Real Estate Agent Licensing Requirements
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| | and a REALTOR(R).A real estate agent
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| The Licensing requirements are different
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| | becomes a REALTOR(R) when he or she pays
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| for each state. In general, you will
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| | an annual fee to the National Association
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| have to:-Meet an age requirement
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| | of REALTORS(R) and subscribes to its Code
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| -Pass a background check
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| | of Ethics. The agent generally joins
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| -Complete approved real estate courses
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| | through the local board or association,
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| from a state-approved school
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| | at the city level. Membership in the
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| -Pass a state exam
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| | REALTORS(R) is optional, but highly
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| -Complete an application form
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| | recommended.4) How much can you earn?
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| -Submit various feesAgents just earning
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| | Real estate agents are generally paid on
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| their license work for a real estate
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| | commission. This commission is a
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| broker. Most new agents sign up with one
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| | percentage of the sales price. The seller
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| of the big company brokerages. If you
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| | will generally pay 4-6% of the sales
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| decide at some point to work for
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| | price as the fee for having a
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| yourself, you will need to earn a broker
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| | professional sell their property. That
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| license. Note that the most successful
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| | will often be split equally between the
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| agents, even those working for a broker,
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| | seller's broker and broker who brings the
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| treat the real estate profession as their
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| | buyer to the table.As an example, if the
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| own business, not just a job. This is
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| | fee for a $300,000 property is 6%, the
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| one of the secrets to success in this
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| | buyer's broker will be paid 3% or $9000
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| field.2) A Day in the Life of a Real
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| | and the seller's broker will also be paid
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| Estate Agent
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| | 3% or $9000. The agent is paid directly
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| A real estate agent's primary job
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| | by the employing broker, using their
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| function is to help clients in the
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| | agreed-upon commission split. This is
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| (complex) process of buying and selling
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| | often 50-50 for beginning agents, so in
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| real estate.The list of duties includes
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| | that case the agent in our example would
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| but is not limited to:-Interview buyers
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| | receive $4500.Visit Real Estate Career
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| to determine what kinds of properties
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| | Info for requirements for obtaining a
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| they are looking for.
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| | real estate license in your state.This
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| -Submit buyers' purchase offers to
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| | article may be reprinted if proper credit
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| sellers.
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| | is given and all links left
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| -Work with lenders, escrow officers,
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| | intact.Copyright©2005
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| home inspectors, and pest control
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| | Real-Estate-Career-Info.comAndre
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| operators to make sure that transactions
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| | McFayden, Ph.D. is a Real Estate Broker
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| close on time.
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| | and contributor to
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| -Prepare documents such as listing and
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| | real-estate-career-info.
|
