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The Realities of Real Estate Agents
from:With the sale of property wrapped up in laws, guidelines and ordinances, competent real estate agents are just the type of professional many do not like to go without. The purchase or sale of property can sometimes be confusing and intimidating, especially for those who are new to the world of real estate. Real estate agents and their specialized knowledge not only work to create a smooth buying or selling experience, but an educational one as well. The agent who is not able to provide this for his or her clients is not likely to find themselves in great demand.
Real estate agents are commonly referred to as sales agents, as they work to get their clients the highest price when selling and the lowest price when buying. Because of the number of aspects involved with the buying and selling of property, becoming a real estate agent requires one to meet all licensing requirements for their state of practice. Thanks to the advent of the internet, training for a real estate license can now be obtained through accredited online courses. Sellers or buyers acting on their own behalf do not require licensing. Likewise, in some states, attorneys can also act as an agent without needing to meet state licensing requirements.
In the world of real estate, there can be some confusion as to the difference between Realtors, real estate agents and real estate brokers. While agents work for others and focus mainly on sales, brokers often take on their own branch responsibilities. Realtors are those who are a combination of a broker and agent. Each type of agent has their own level of schooling, training, and exams that must be successfully passed in order to obtain a legitimate license for practice. Practicing without a license is both unethical and unlawful. As an unfortunate number have found, those who use unlicensed professionals leave themselves open for no compensation under the law should a transaction hit a snag and go terribly wrong.
Legitimate and ethical real estate agents are those who display their license number prominently and welcome all inquiries into their background and sales experience. They also regularly renew their license in order to continue practicing legally. While some agents work for a firm or other prominent outfits, others work as free agents or proprietors of their own agencies. For the most part, agents work on a commission. Depending on whether they work for a firm or their licensing and experience, many agents will offer their clients a number of helpful services related to the sale or purchase of property.
Real Estate Crash News
Hitting rock bottom: Housing crash spawns dirt cheap sales - STLtoday.com
Hitting rock bottom: Housing crash spawns dirt cheap sales STLtoday.com Fannie spokesman Andrew Wilson says the agency has seen its pricing power evaporate in the real estate crash. During the housing boom in 2005, the company would recover 87 percent of the money it lent in a foreclosure. This year, it's down to 57 ... |
The Real Crash - Gold Seek
The Real Crash Gold Seek I had argued that our economic growth prior to the crisis was largely a function of the real estate bubble. When that bubble popped, I knew that the economy would have to shrink. And that's just what happened. From 2008 to 2009 our national GDP (of ... |
INFOGRAPHIC: The Effects of 2007's Real Estate Crash - Business Insider
INFOGRAPHIC: The Effects of 2007's Real Estate Crash Business Insider The United States Housing Bubble has affected more than half of the United States. Housing prices peaked in early 2006 and then it was followed by a massive fallout in 2006 and 2007 and has reached new lows this year. Median home price in 2007 was ... |
Real Estate Today's Home Loan Requirements - Salt Lake City Weekly
Real Estate Today's Home Loan Requirements Salt Lake City Weekly Granted, there are fewer lenders these days (thank heavens) because so many of the crooks closed their doors or were forced to close during and after the crash. Remember Countrywide or Washington Mutual? How about Taylor, Bean & Whitaker, ... |
Multiple offers back in the Baltimore-area housing market -- for some homes - Baltimore Sun
Multiple offers back in the Baltimore-area housing market -- for some homes Baltimore Sun Now they're a lot more common here, too -- in a milder way than during the bubble years, but surprising nonetheless. Online real estate brokerage Redfin says nearly half of its Baltimore-area buyers' offers in the first three months of the year had ... |