Real Estate

I have heard that you can take this entire course online. Does anyone know of any websites that are good? Also would it be better to do it online or actually attend a school. How long does it take? How much does it cost. Thanks!
I didn’t say I couldn’t go to classes. I was just asking if it would be better to actually go to a class rather than online.

Look up Champions Real Estate school. I know they have several locations in the Dallas, Houston, and San Antonio areas. You can go in person or do classes online via your computer. It’s good to go to at least a few classes in person, however, as you meet people you can network with later and they often have agents from different real estate firms come and talk about their companies. It will take longer if you haven’t previously gone to college (college courses count toward some of the hours you need to become an agent). They have fast track programs where you can take the minimum # of classes (5 – if you have several college courses under your belt, otherwise you must take 7 classes) in as little as 2 weeks, but to do that you are going like every day and every weekend for like 10 hours. I think it’s better to do about a class a week (2-4 days) so you don’t get burned out. It’ll cost anywhere from $750 to $900. Maybe a little more if you buy a prep course to prepare you for the state and national test (strongly recommended).

Hi I am looking to sell my house and don’t know much about any of the realtors in my area, I live in Surrey BC, Canada, and was wondering if there are any websites on reviews of realtors that I could check out.

i am in washington state, i own a brokerage here. i have yet to hear of a site like that. try noticing signs in your neighborhood or area. who is the realtor with the most business in your area, they are usually the best judges at pricing for your particular neighborhood. also feel free to ask the realtor for refrences from clients. good luck

We found a home on MLS – our realtor met with us and showed us the home. We made an offer through him. If they accept our offer how much commission do we pay our Florida realtor?

The commission is stipulated on the listing. Your Realtor will be paid through the transaction. Although, if you agreed to pay your Realtor a specified percentage of the Purchase price, then you will be paying that.

By the way, the buyer pays the commissions for the total Real Estate sale. Shocked? You shouldn’t be. Here is why:

Let’s say you are not buying a home, but a simple thing, like a $50.00 shirt at Nordstrom’s

Does Nordstrom’s keep the $50 as profit? The answer is no

A simple breakdown:
$50
-minus the $20. For the shirt manufacturer
-minus the $10. For shipping and handling
-minus the $ 5. For the lease of the building that Nordstrom’s leases
-minus the $ 5. For the wages for the account executive
-minus the $ 5. For the advertising of the sale that invited you to the store.

Which leaves $ 5. For Nordstrom’s

All of it being paid when the buyer swipes their credit card to pay for it. The buyer pays it all

Now, when you buy a home, guess what, the buyer pays for everything as well.

The Home is listed at an asking price of $500,000. When an offer is accepted from a buyer, there are all these fees that are incorporated in buying a home that get paid when the Buyer signs their loan docs.

6% goes to the realtors
2% goes to Title and Escrow
2% goes to taxes and insurance impounds

The rest goes to the sellers

You will see this all broken down in your HUD-1 Statement that is included in your loan documents.

So, you will ask why is the commissions are on the seller’s side of the HUD-1, it’s because, the buyer is financing the commissions through the loan. Is it true, that if the buyer had the 6% for the commissions, the buyer can pay that up-front and, reduce 6% off the purchase price, and have lower property taxes because of the lower purchase price? The answer is true. So it is true that the Buyer does indeed pay the commission.

So, congrats buyers, you have made your biggest Retail purchase. Don’t fret because when you sell your home, you’ll have a buyer pay the commissions.

Just recently, I cannot receieve e-mail from my friend(realtor agent). They probably used the spam option when he sent E-mail(??). There were no problems previously. I purposely forward the previously e-mail to him and he could not return my e-mail. We talked and he said that my spam blocked the mail. Is it true. If it does, how do I correct for it. Thanks.

Make sure his address is in your address book. If that does not stop the problem try Casic version of Yahoo mail. You can use this link to get back http://us.mg1.mail.yahoo.com/dc/optout?script=no click yes when asked do you want to opt out. Hope this helps.

This seems like a totally useless piece of information. I have been watching a listing for quite awhile and nothing has ever changed after it says the listing has been "refreshed".

new or changed information has been added, I believe they ‘refresh’ every 24 hours. My mls ‘refreshes every 30 minutes. If just depends.

We signed a listing agreement that is only valid for a specific buyer. The agreement is valid for ~1 month. We thought things would move quickly and get an acceptable offer but the buyer is low balling. We have a specific house we want to purchase and are concerned it may sell before we are able to get a contract on our house (the builder will not take a contigent contract).
We are concerend If she decides to come back weeks from now before the listing agreement expires and make a full offer. We are then required to pay the realtor commision even if the specific house we want to purchase is already sold (and we have noplace to move).

Can we ammend the listing agreement to set a new date or cancel the agreement if we don’t get a decent offer within the next few days?
To first answer, agree that we would owe if we receive full asking price. But if in the next few days the buyer does not accept our counter offers or come in at full asking price and we consider it a closed deal, do we really have to wait a month to make sure she won’t come back and make a full offer? We would only cacel the listing the listing agreement when we consider the negotiating over.

Not without the agreement of the real estate firm. You signed a valid binding agreement, and you can be held to it unless the agency allows you to modify the agreement. And, yes, if this buyer makes a full price offer, you can be required to pay the full commission even if you do not accept the offer.

Not sure how you got yourself into this one, but don’t do it again. If a real estate agent approaches you with the notion that they have a buyer for your property, tell the agent to contract with the buyer as the buyer’s agent. That will keep you off the hook in the future.

…and who take them inside to see them? Like in the HG-TV shows such as House Hunters. Do they ask the owners to get out? What is the deal? Do the owners of houses who are selling them have to get out when real estate agents are showing clients around?

Like the other poster said, the term realtor is a trademarked term, whereas real estate agent is not. In most places, a real estate agent just simply has to pass the local state/provincial test in order to be eligible to be an agent. Then they must be a member of a board in order to be a realtor, but it depends on the state/province/country.

Generally the rule is that any agent can show a home. If let’s say you’re helping a buyer purchase a home and s/he sees one that s/he likes, then they would contact you and you would contact the listing agent for an appointment. They will either have a lockbox on the property and give you the code for it, or there will be arrangements for the property to be available for a buyer to view. Pretty much any agent can contact the listing agent to view a home or let their client view the home.

Generally owners are NOT present for open houses or private viewings because then it gets too personal. Owners generally always feel that they are selling too low, while buyers feel like they’re buying for too much. Also, when owners are present, they tend to be so proud or defensive of their home that it might make viewings tense or extremely uncomfortable or awkward.

My ex became a realtor in 2009. When he had a salary, he paid 25% of his gross income for 2 children. How do they calculate the gross earnings that are used to determine the amount of child support?

Wisconsin

(1) Income
(2) Time a child spends with each parent
(3) Whether one supports other children

As a general rule, one is required to pay 17 % of gross for one child and 25% of gross for 2 children.

I am looking for local outlets that might have things cheaper than a Realtor Store at the local board.

find more information about realtor supplies in Dallas at
http://realestatepropertynews.com/realtor-supplies-dallas.html

I was wondering how many realtors are in the malibu area? Please do not respond with "too many". I am looking for a number.

thanks!!!

type "Malibu California Real Estate" in the yahoo search bar and page after page of company’s and private names will appear on the screen.