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Real Estate Agents st helena Article Summaries
The Many Benefits of a Professional Realtor® By: Lori Osenbaugh: A good Professionial Realtor® has manyways to help you buy or sell your home.
Buying and sellin... will sell. Once you have chosen a sellers agent, you enter an agreement with them, often called an exclusive righ...
Easing Your Way Into Homeownership: How Your Real Estate Agent Can Help You Qualify For A Low Down Payment Mortgage By: W. Troy Swezey: For many renters, the first step in buying a home is becoming educated about the process. If you’re like many people ... to buyers under a certain income level or for the purchase of homes below a certain purchase price. Your agent also wi...
Flat Fee MLS Listings - Is this the future of real estate By: Richard Massey: Realtors are all a buzz about this new form of listing houses on the MLS (multiple listing service). Some feel it crea... but are more than willing to pay 3%. With the increase of internet marketing, realtors can reach more people because al...
Top Ten Suggestions for Selecting a Real Estate Agent By: W. Troy Swezey: In order to find a real estate broker or agent who meets your needs and makes your buying or selling experience a posi... say. - Is he or she asking follow-up questions which prompt further explanation and help him or her understand e...
This Is A "No Real Estate Guru Zone" By: Mark Walters: I am stunned when I hear that many of the so called real estate gurus are charging from $3,000 to $15,000 for their se... the internet you will find a number of real estate investing forums. Here you can interact with investors of all experi...
Featured Article
How to Become a Real Estate Agent
Andre McFayden, Ph.D.
The process of becoming a real estate agent is fairly simple, although it does vary a lot from state to state. Here are the fundamentals of becoming a real estate agent.
a) License Requirements Each state has different licensing laws, so you will need to look at your local requirements. However, in general you will have to:
-Meet an age requirement -Pass a background check -Complete approved real estate courses from a state-approved school -Pass a state exam -Complete an application form -Submit various fees
Agents just getting their license work for a real estate broker. If you decide at some point to work for yourself, you will need to earn a broker license. Most new agents sign on with one of the large company brokerages. Most successful agents, even if not self-employed, treat the real estate profession as their own business, instead of just a job. This attitude will go a long way to ensuring your success.
b) What is a REALTOR®? Many people are confused about the difference between a real estate agent and a REALTOR®.
A real estate agent becomes a REALTOR® when he or she pays an annual fee to the National Association of REALTORS® and subscribes to its Code of Ethics. The agent joins through the local (city) board or association. Membership in the REALTORS® is optional, but help enhance your career.
c) How much can a real estate agent earn? Real estate agents more often than not are paid on commission. This commission is a percent of the selling price of the property. The seller will generally pay 4-6% of the sales price as the fee for having an agent handle the complex job of selling their property. The funds will often be split equally between the seller's broker and broker who finds the buyer.
As an example, if the fee for a $300,000 property is 6%, the buyer's broker will be paid 3% or $9000 and the seller's broker will also be paid 3% or $9000. The agent is paid by his or her broker, using their agreed-upon commission split. This is often 50-50 for new agents, so in that case the agent in our example would be paid $4500.
So to answer the question, the amount that a real estate agent can earn is only limited by the number of transactions that he or she can close.
Visit Real-Estate-Career-Info.com for requirements for obtaining a real estate license in your state.
This article may be reprinted if proper credit is given and all links left intact.
Copyright©2005 Real-Estate-Career-Info.com
About the Author
Andre McFayden, Ph.D., is a Real Estate Broker and contributor to Real-Estate-Career-Info.com.
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