A real estate agent is a person who helps sell or buy property for people. An agent studies and practices market value, law, advertisements, and many main aspects. A real estate agent tries their best to find the best and most suitable home for their clients. A typical work day for an agent involves appointments, management, finances, and marketing. With all this work comes with lots of education.
When people first hear the phrase “real estate” they automatically think selling and buying property. An agent typically presents purchased offers to sellers. Before an agent gets involved with marketing or selling homes they must have an education. A few things that every agent must have is a high school diploma. Another requirement is 90 hours of learning about a specific real estate industry, this usually results in an associate’s degree in real estate. During these classes an agent learns about real estate law, paperwork on transaction, and the selling process. Classes that an agent would have to take includes real estate, business, business law, real estate development, or finance courses at an accredited college or university. Wells Fargo offers internships and train people that want to become real estate agents. For real estate an agent does not need to have internships, but it is still good to have it on a person's resume. After receiving training and learning briefly about real estate an agent must have a prelicensing education. A prelicensing education is a requirement to take the salesperson license exam. The state of Hawaii states that applicants for license must have a reputation of honesty, integrity and fair dealing. When filling out an application a person must send in experience and education, any type of ...
... middle of paper ...
... There is no schedule or typical day for an real estate agent, that is why an agent must be ready for anything.
In the future many people hope to be a successful broker working for a successful business company. Although there are many things to know, and there will be many challenges along the way. All of this requires hard work and dedication. Most agents can work for a company for over 20 years. In those 20 years agents want to be able to run their own businesses and to guide other agents. A broker is one of the highest positions in real estate. One the advantages of being a broker is a high pay.
Real estate agents can make a lot of money as long as an agent dedicate themselve to their business plan. There are many advantages with this job and makes a difference in people’s lives. Being in real estate is hard work, but is rewarding and satisfying.
The State of Missouri requires professionals to obtain a license before providing services to the public, in many careers. Misconceptions hold that issuance of licenses is just something that is needed in order to charge money for services. Licenses are issued however, because the public puts their trust in professionals who are more knowledgeable than they are. Many people today want to avoid the hassles and risks associated with the transfer of land, so they put their trust in licensed real estate professionals. The Missouri Broker Disclosure Form (MBDF) is a document used by the Missouri State Real Estate Commission that attempts to provide the public, knowledgeable information, about agency relationships (the fiduciary relationship between buyers/sellers and agents). It also holds real estate agents and brokers somewhat accountable to the public in representing them in their best interest; all real estate agents are required to present and explain this form to buyers and sellers. It seems in today’s society that greed, corruption, and self-interest has spread like an infectious disease and we live in a world where it is risky to put our trust in other people. The government tries to respond to that corruption by putting into place more regulations and laws to keep people honest. In summary, the Missouri Broker Disclosure Form is a document designed to help the public make an informed choice about the agency type, of the people that they are putting trust in, and the fiduciary commitments due to them.
The next portion of the chapter talks about how real-estate agents use information to gain power and wealth. Most real-estate agents have a better sense of knowing the condition that a home or apartment is in, and this gives them an upper-hand against the buyer or seller. Like the Ku Klux Klan, real-estate agents use secret words and information to
B. What you need to become a Real Estate Agent 1. A Salesman License 2. Real Estate Broker’s License III.
To be eligible to become a real estate agent, he or she must first be a high school graduate, be at least 18 years of age, and pass a written test. In every state real estate agents must obtain a state license to sell and rent properties. Over 1,000 universities, colleges, and junior colleges offer courses in real estate. Many local real estate associations sponsor courses covering...
In the essay “The Mansion: A Subprime Parable,” Michael Lewis unfolds the real face of the American dream. He talks about his own personal experience in his look out for a house and his struggle with the house he rented. Most Americans have bought houses they cannot afford. Banks offered loans, they have lent mortgages that many don't have enough financial resources to pay them back. Agents have falsely guaranteed that real estate prices will be in constant rise, they promised them that there will be no declination in prices.
For example, agents try to persuade their consumers that lower offers are better offers while knowing the house can sell for far more. In an effort to get you to do as they say, agents manipulate their position and your lack of information to instill fear. They will tell you things such as the market is tanking or a house far better than this was difficult to sell. They will also use words with positive connotations when describing a house with higher or lower selling price in an attempt to make the house more desirable. Although real-estate agents are in no way as terrible as the KKK, they do display a similar strategy when it comes to information. The final part of the chapter discusses more situations involving hoarded information, ranging from how we describe ourselves during interviews to how people vote on The Weakest Link to how we present ourselves on dating
Don’t get the wrong idea, San Francisco real estate agents know it can be done, the uncertainties of getting the house on the market, attracting qualified buyers, and selling for your list price are challenges for anyone outside of the industry. We believe it’s in your best interest to hire a realtor to do the footwork that’s involved with
"Real Estate Agents and Brokers." Encyclopedia of Careers and Vocational Guidance. 15th ed. Vol. 5. Chicago: Ferguson's, 2010. 235-44. Print. Ferguson's.
Real estate transactions can be complex, making it difficult to navigate without legal assistance. A real estate attorney can walk a home buyer or seller through the legal process for the transfer of ownership of property. The fees for real estate lawyers can be a set price, like $800, or a rate per hour spent on the deal, depending on the area. Real estate attorneys are overseers of the legal work involved in buying or selling property. They are very beneficial in ensuring the interests and rights of the client are preserved. Moreover, a buyer's attorney checks the sales contract, or the legal document committing the buyer to purchase the home, to make sure the buyer is protected. The attorney checks the title, or chain of ownership to the property, for any problems or liabilities, such as liens. All mortgage loan documents and legal papers for the purchase are verified and filed by the attorney. A seller's attorney will check the sales contract to protect the seller and address any title issues that arise, arrange for any final payoffs for existing loans and prepare the necessary documents to transfer ownership of the property. More importantly, real estate attorneys can protect a buyer or seller from financial loss. A sales contract that does not have a clause allowing termination for a failed inspection can cost a buyer hundreds of dollars to cancel if the home is found to have a major problem, such as mold. Loan
There are many place that are going through changes such as rebuilding, renewing, and much more that could cause a change in a place, these changes are known as gentrification. Gentrification is when an area rebuilds, renews, and renovates a place for the middle and upper class. But Harlem is one of these area that has become famous for being gentrified. Many people don't mind that Harlem is being gentrified, while others see it as them getting robbed of their culture, history, etc. Harlem is an important neighborhood due to its history, culture, art, and much more. As a result of Sam Roberts article “No longer Majority black, Harlem is in transition” and the photograph of the “What will happen when Harlem becomes white?” from an article that
Entry into the real estate industry is almost free (Goolsbee, 2005, Online) and there are many agencies that operate within the industry. The products sold by real estate agencies are not homogenous products (Coiacetto, 2006, Online). Each product is as unique as the next, in terms of its location, features, building and financing.
Who hasn’t wanted the “American Dream” of the perfect family with a dog and of course a home? For decades property ownership has been an essential status of importance. Aristotle argued in Politics, “the greater the number of owners, the less the respect for common property. People are much more careful of their personal possessions than of those owned communally; they exercise care over common property only in so far as they are personally affected.” I believe around ten years ago before I was married I read about the housing market and how important it was for people to buy houses now. The market was hot then. The opportunity and the dream of homeownership was a must until the drop between 2010 and 2014. People rushed out before then
There are a number of powers that this board has number of powers that includes passing rules that can enable the board implement its sanctioned duties and responsibilities. The Real Estate Division is accountable for examining, licensing, and regulating the real estate, the professionals and corporations for real estate appraisal of real estate, and Appraisal Management Companies, etc.
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.
As compensation they charge a fee for this agreement. Agent and Brokers also differ from a merchant wholesaler because they do not own goods and services that they buy and sell. Agents works closely with buyers and sellers with more lasting businesses (Kotler & Keller, 2012). An example of an agent with this representation is a real estate agent who enters into a contract to sell a house or business to a consumer. The relationship exists until the need is met and at this point the agent collects a pre-determined