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When students are asked what they want to do for the rest of their lives, depending on their age they'll either give you a straightforward answer or ponder their thoughts and give you an “I don’t know¨. Itś hard to decide when you have no clue. Up until I was around thirteen years old when I was moving houses I was able to discern that becoming a real estate agent would be the right career path for me. Now being thirteen and in eighth grade I didn't really give it much thought that's just what I wanted to do for a living. As the years went on and I moved on to high school, choices and decisions as to where I would need to go to college and what classes I needed to be taking to be able to do this. To be a real estate agent itś essential to be charismatic, organized, well suited for marketing, and acquire a real estate …show more content…
In the beginning when first starting out you have little to no experience. Odds are you won't be a very effective agents until you have experience or in other words practice. In some states it takes as little as two weeks to attain your real estate license. As for not being hard working, it may be because these agents do not make a living out of selling homes. In fact according to real estate agent Natalie Filbert “10% of all the agents do 90% of all the business”.Lazy real estate agents do less than 90%. Another misconception is that all agents get three percent commission. Sheila Smith explains that there are many fees that play into that three percent, and that all income is taxed thirty-three percent. “ The real income off commission is of three percent less than half, and often times less if you are on a team” (Smith, Real Estate Agent). Bottom line is that real estate agents make money through selling houses, commision is split between the broker and the agent. How much commission they receive depends on the contract the agent has with their
One of the things I learned about being a Real Estate Agent is how money you would make. So normally when you begin in a Real Estate office you get 3% to 6% commission.
When we were little, we thought the word “Career” was not a big deal, but as a senior in high school, the word has become our reality as we start to finish our last semester. The question we’ve been asked all these years is, what do you want to be when you grow up? But our answer is simple: we don’t want to grow up. As an innocent kid it seemed like the time would never come, but it has. It’s time to get serious and really ponder this question.
Picking the right agent is something that you really need. If you end up with a lousy agent, you might be doing all the agents work. Choosing a good agent could make buying your first home the pleasant experience that it should be. You should interview at least 3 agents if you don’t already know someone who has the experience. You should ask them questions about their status as an agent. Meaning, are they licensed Realtors. This is something important about an agent. Agent’s who are realtors have a number of advantages such as being able to use a Multiple Listing Service. Multiple Listing Services are cooperative information networks of realtors that provide descriptions of most of the houses for sale in a particular region. Another good question to ask is whether or not the being a real estate agent is their full-time career. You don’t want someone who can only be “tuned in” for half the time. The other thing that is a good idea to discus would be the party that the agent is representing. Let the agent explain the laws of agency in your particular area. The law of Louisiana presumes that th...
... The sole worst part about being a realtor is that income is based solely on commission, that means if you sell nothing you earn nothing. In addition to the work being highly technical and requiring a lot of business knowledge, the cost of being in business is extremely high. There is the cost of taking the classes, getting licensed, and annual realtor fees. You also have to pay for commuting cost, phone and internet bills, and the number one expense, advertising. A second downside of being a realtor is proficiency time. It can take years of dedication to long hours to become a successful realtor. But even then your wage is based on market activity. The complexity of being a realtor is a huge drawback. There is not enough time in the day for one to advertise and solicit, market, and manage sales, in addition to keeping up with general office obligations.
Intro Deciding what you want to study during your college career can be a difficult and tedious task. This is due to fact that many young adults coming out of high school are unsure of what they want to do or what path to take career wise. It is also tedious because this requires that these individuals have to constantly try and explore new avenues so that they can find their passion in life. The path I chose to take when coming out of high school was entering the business school at Howard University.
A real estate agent is a person who sells and rents out buildings and land for clients. This career is very important if you are buying a house, but you don’t really know what you’re doing. Real estate agents can help to guide you through the process, and answer any questions you have. Real Estate has always been around, it just wasn’t referred to as an actual occupation. Real estate companies didn’t start until around the 1950’s. People could now officially buy and sell houses, and make money from it at the same time.
Investing in real estate gives the everyday person like you or me the opportunity to get into the game. It gives us a chance to build that wealth and status. To create passive income that compounds into freedom.
But don't give up hope yet, with the proper preparation and education, you can dive in and earn a living from the real estate industry that have created more self-made millionaires than any other industry. Before you get started, the first thing you need to consider is what exactly do you want to accomplish. Be sure to keep in mind the various aspects of what
That is a common question, to pre-schoolers, to fifth graders, to tenth graders. It is a tricky question, most adults don’t know what they want to be in the future. I don’t either to be completely honest with you. At first I wanted to be a firefighter, then a NASCAR racer driver, then an architect, then an artist. And now I want to be a music producer and a rapper. Odd how we change the course of our future. I wish I can change my past but as much as I dream that I could. I can’t, but what I can do is to try and change the future. All I see now is sadness, sadness in young teenagers, sadness in parents, sadness in teachers. We are becoming the outcome of something. Something that we just can’t seem to understand, but it is destroying
There are many papers which argue what market structure real estate agencies fall under. Coiacetto (2006, 1, Online) argues “that it is not necessarily a competitive industry and, in some instances, can be highly oligopolistic.”
When selling or establishing a price for real estate people look out to real estate agents to do the work. During this work a real estate agent must prove to the homeowner that he/she is trustworthy and knowledgeable. Real estate agents should have a thorough knowledge or real estate market in their community. They should know which sides of towns and neighborhoods will fit their client’s interest, needs, and budget. Real estate agents are generally independent sales employees and knows how to sell off a good pitch to clients. Agents are allowed to advance in their career and move to higher positions. Advancement brings higher commission rates and more larger sales, both of which will increase earning and profit. This happens as agents earn expertise and contacts, and become more efficient in closing a greater number of
The first step to buying your home is assessing your financial situation. A person must evaluate how much exactly they can afford and borrow. Most people hire a real estate agent to find a home. A real estate agent can help in finding different homes that suit the person’s needs. At the Department of Housing and Urban Development’s website, “You'll want to start searching for a broker as soon as you decide to buy a home. Talk to several and find someone you think you'll be comfortable working closely with”(1) Having a wide range of options is always helpful. An agent can also help in negotiating the price, and showing what the potential buyer needs after finding a home. A buyer might also need the services of a lawyer, a loan officer, insurance agents, and an accountant. In all purchasing your own home is a daunting task if you plan on doing it alone.
What is the Importance of an Estate Agent in Property Transactions? Are you a real estate investor thinking of selling a property in Chelmsford? New real estate investors have a lot to learn to understand the real estate market. Where will you find an ideal buyer? How much is the property worth?
when you finish school you might be expected to know what you want to do with your
Home sellers typically face the problems of planning a strategy and getting ready for sale. Real estate professionals with their immense experience in the industry are the ideal solution to these problems.