Real Estate » realestate broker

real estate questions Clueless?

admin — Fri, 04 Mar 2011 01:33:57 +0000

So what are the people who bring clients to the home called and do they get commission and do they also list the homes and what is the difference between a restate agent and a broker and what are all the different jobs and how much schooling do you need for it i am only 13 but i love realestate only thing is i no nothing about it

It’s nice that you already know what you would like to do when you grow up, a lot of adults don’t know answer to this question. I think you should talk to your parents and contact some realtors in your area, take one of them to lunch or coffee and find out what you’d like to know. You can list real estate agents in your city and start from there.

Can you make a decent income as a tax preparer?

admin — Fri, 29 Oct 2010 13:32:03 +0000

I’m getting my ctc license to become a tax preparer and I was wondering if it would be worth it? I currently work as an insurance broker, and by nxt year i’m considering adding realestate to my services. Do you guys think this would be a good move and lead me towards more clients?

Do you perhaps mean CTEC Certification. In any case taxes and death are two things that are not going away soon. The only concern I have is experience. Getting a certificate and starting on your own is a very bad idea (in my opinion). Work some place where you will have experienced people to run things by and discuss issues with. Getting a client base can be difficult in any type of service and that is certainly true in tax preparation. Your insurance business may be a good start in that regard. In addition my "friends" at the IRS are in the process of making it more difficult to be a tax preparer so be prepared for changes in the qualifications.

Who is right? the broker or my cousin?

admin — Tue, 26 Oct 2010 19:39:11 +0000

Alright so my cuzo. is in realestate. and a broker. and they work together. and they both pay for a secretary.

so his total commission =$10000
and the secretary gets paid=$350
and he gets %70 and his broker %30

So his broker goes the math in splitting it up. But my cuzin feels that he is getting ripped off. becuase his broker uses one way to break the money up. but my cuzin found another to break the money up. and he gets more. and he asked why not this way? and his broker said, im the one with the degree here. so dont ask me that. so he is trying to find out, if from the 350 do you break it from $1000. and then %70 and %30. or first break the 10000, %70, %30. and then spilt 350, so each one at the end gives 175( 350 for secretary)

Heres the math

THE OPTION THE BROKER USES:
10000-350=9650
9650×0.7=6755 (cuzo)
9650×0.3=2895

THE OPTION MY CUZO FOUND:
10000×0.7=7000
10000×0.3=3000
and then subtract 175 from each person becuase they both split the money in half to pay their secretary.
ending in…
6825=cuzo
2825=broker

so in using the order of operations..i believe the option my cuzo found is correct. but his broker uses his option, and he get more money that way. so which one is the correct form?

do you break 350 from the pot? (10,000) or 350 after the split of 10,000?

There is no "right way" or "wrong way" to do this calculation unless they have a prior agreement of how it will be done… preferably in writing.

The difference between the two methods you describe could be explained as "Should the secretary be paid equally by each partner, or should it be treated as an expense of the sale"?

Without a prior agreement, I think that the secretary’s fixed payment should be treated as an expense and subtracted from the amount received, then the balance would be divided as agreed by the partners.

As an extreme example of why the secretary’s compensation should be treated as an expense, lets say that the proceeds from the sale were only $500. Then the division of funds would be:

Broker Method (secretary is paid as an expense):

Secretary $350
Broker 30% of $150 = $ 45
Cousin 70% of $150 = $ 105

Cousin’s Method (secretary is paid equally by each partner):

Secretary $350
Broker $500*30% – $175 = -$25
Cousin $500*70% – $175 = $175

Using your cousin’s method the broker would have to pay $25 to conclude this sale.

On more practical terms, the difference between the two calculations you describe is only $70, or slightly more than one percent of the total amount your cousin is receiving from the sale. Is it really worthwhile for your cousin to make a big fuss over that (relatively) small amount of money? I think it is likely that the method the broker is using for the calculation is customary, but if your cousin is unhappy with the arrangement there is no reason why he can’t negotiate (in advance, in writing) with the broker what the terms of the *next* sale should be.

Moving out of my parents house and into a new city – how much money do I need to save up?

admin — Sun, 24 Oct 2010 02:01:31 +0000

How much money do I need to furnish a small apartment and whatever else I will need for my adventure into a new city? Also is it true that using a broker or realestate agent type person is better because you are likely to get a better apartment at a better price than if you just went on craigslist?

quite a bit remember the electricity the transport and the food

home ramat hasharon hashoftim israel

admin — Mon, 12 Jul 2010 17:55:19 +0000

Row house for sale on a quiet side street in Ramat Hasharon. The house is 23 years old, on a plot of approx. 265 sq.m. with approx. 210 sq.m. built. This home has two floors + basement + garden of approx. 150 sq.m., 4 bedrooms + home office near entrance. This is a home for those who love peace and quiet. Requires renovation. R.P. Properties – Real Estate Investment House 157 Yigal Alon St. Tel Aviv Tel. 972-3- 609-8889 www.rp-nadlan.com
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Duration : 0:1:25

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Agent Short Sale Helper

admin — Thu, 08 Jul 2010 04:05:20 +0000

This short sale negotiation service is geared towards real estate agents and/or real estate brokers that are in need of assistance with short sale listings. It involves short sale negotiation services performed on behalf of the real estate agent/broker in the interest of the Seller/Client. This is not a debt relief agency or an attempt to provide legal or financial advice in any way.

Duration : 0:8:38

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200 Rugged Ridge HD

admin — Sun, 04 Jul 2010 07:13:59 +0000

200 Rugged Ridge Keene Valley, NY

Duration : 0:7:3

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Buying Real Estate in the USA Part 1 with Vancouver mortgage broker BC Mark Fidgett

admin — Tue, 29 Jun 2010 12:38:16 +0000

http://www.notapennydown.com . Mark Fidgett, a mortgage broker in Vancouver, BC Canada, interviews Mark Dziedzic, owner of http://www.crossborderrealty.com about the ins and outs for Canadians buying realestate in the US

Duration : 0:9:4

[youtube B5XQPyibl-0]

Stop deceptive lending that leads to foreclosures

admin — Thu, 24 Jun 2010 23:36:20 +0000

My name is Cheryl Thomas and I live in Temple Hills, Maryland. I am currently at risk of losing my home and am working two full time jobs to make my mortgage payments. When I refinanced my mortgage, my broker convinced me to take out a risky-high rate loan even though my credit was in good standing. She said if made on time payments she would help me refinance at a better rate. I made my payments on time she never helped me refinance. Now I am locked into a loan that I cannot afford. I know I am not alone in this situation. If elected president how will you protect borrowers from brokers who will say whatever they have to to sell a loan?

Duration : 0:0:32

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Part 8 of 8-Real Estate Advisor-American Measurement Standard

admin — Sun, 20 Jun 2010 04:28:40 +0000

Part 8 of the “Solving the Square Footage Puzzle” series, this session discusses the details of the American Measurement Standard. What is it? Who is it for? Can it really help to protect agents and appraisers from square footage liability? Find out how the AMS is changing the “language of real estate.” One method that agents and appraisers can agree on. Home measurement guideline. 3 times more info than ANSI. Most comprehensive measurement guideline available today. The professional method to measure a single-family home.

Duration : 0:2:6

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