4 AWESOME THINGS ABOUT BEING A REAL ESTATE AGENT
Real estate agents spot it all. From the dirty linens to the crowded garages. Over the years, they learn a thing or two: Why some houses sell while others linger on the market. Why are some promising buyers never end up at the closing table. How to get a better deal on the mortgage. Even just how much other agents could make on your home
Agents are involved in the sale and purchase of single-family homes, condos, office buildings, industrial parks and vacation houses. Land development, financing and support are the growing specialties. The growth of this profession is economically dependent. However, a related occupation, property manager, is expected to grow by about 34 percent over the next 15 years.
Real estate is not a hobby, it is a business.
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More than ever, the average person has access to the kinds of statistics, market analysis, technology and expert opinions that were previously reserved for people who actively made their living as a real estate agent or broker.
Consider, for example, the guide you are reading. Before the Internet, much of this information would exist only in the mouths of working agents or agent licensure textbooks. Consumers had little need for this information, because they trusted their real estate professional to know.
Nowadays, with the array of information on real estate on the internet, a lot of people apparently think of becoming a real estate agent just like picking up a hobby, something to engage your down time and also earn you quick cash simultaneously.
Real estate, is a business. It's about cash, and as the market has shown in recent years, when you get careless in real estate, you stand to lose a considerable measure of cash. As an agent, you're a self-employed entity, which means it's dependent upon you to manage your own particular
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
Real estate agents have one of the largest gender-based wage gaps in today’s economy. There is not one particular economic approach that explains this gap, but a combination of the human capital and statistical discrimination models may account for much of the gap between the wages of male and female real estate agents.
Despite the widely available access to real estate listings, many believe that MLS databases continue to offer the most complete and accurate source of real estate information. Most MLSs now distribute content to other Web sites (primarily operated by real estate agents). An excellent starting point for MLS originated content is the national NAR Web site, realtor.com, which is also the most popular web site for searching real estate listings. Virtually all local and regional MLSs have an agreement with realtor.com to display much of their active listing inventory.
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
Picking the right agent is something that you really need. If you end up with a lousy agent, you might be doing all the agents work. Choosing a good agent could make buying your first home the pleasant experience that it should be. You should interview at least 3 agents if you don’t already know someone who has the experience. You should ask them questions about their status as an agent. Meaning, are they licensed Realtors. This is something important about an agent. Agent’s who are realtors have a number of advantages such as being able to use a Multiple Listing Service. Multiple Listing Services are cooperative information networks of realtors that provide descriptions of most of the houses for sale in a particular region. Another good question to ask is whether or not the being a real estate agent is their full-time career. You don’t want someone who can only be “tuned in” for half the time. The other thing that is a good idea to discus would be the party that the agent is representing. Let the agent explain the laws of agency in your particular area. The law of Louisiana presumes that th...
Everyone will experience buying a house at one point or another. Why not have a real estate agent help you and guide you through the process? I chose this occupation because it interests me for many different reasons. Wouldn’t you like a job where your schedule revolved around your life? Or you could control the growth of your business? Or basically over time, be your own boss? These are a few of the many reasons the real estate industry has caught my eye.
Many people believe experts in a subject are working in their favor. When somebody hires a real estate agent, he or she expects that agent to work as hard as he or she can to sell his or her house. In reality, the incentive for the agent is usually to sell the house quickly but for a slightly lower price, allowing the agent to move on to more clients. Levitt postulates that experts “use their informational
Many studies have shown that adolescents residing in low income or high crime neighborhoods are more likely to get involved with deviant behavior or committing criminal acts. (Deutsch, 2012) There are several neighborhood factors that affect the crime rates of the neighborhood such as overcrowding, low economic status, the neighborhood’s reputation and its residential instability. These may create a disorganized community, leading to distrust and cynicism among residents in the community. As a result, there would be a higher rate of opportunities for crimes and delinquency. (Kurlychek, 2011) Thus high rates of crimes and violence are more likely to occur at these areas.
Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They
Such as needing a license, the time and energy you need to become the best Broker possible. The guaranty of always having a job, within a matter of years becoming your own boos by starting your own company,and what you will earn in return for making peoples lives a whole lot better. The things I already know about Real Estate are as follows. I know that you will never lose your job. The reason why you will never lose your job is because people are always trying to buy a house or sell a house,or a piece of their property 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.
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.
Gathering information about what it takes to become a real estate and just what it is that a real estate agent actually does required me to do a significant amount of research. The first action that I took was to sit down with my grandfather, who happens to be a real estate agent. I asked him what I should look in to in order to gain a better understanding of his profession. After interviewing him, we went to the offices of Atova Real Estate where I observed the daily activities of the real estate agents who work in the office. Later, we went to the offices of Pioneer Title, Guild Mortgage, and the Idaho Intermountain Multiple Listing Services. We di...
Every person with a job, no matter what occupation, makes an impact on society in some way, shape, or form. Some people leave their legacy by defending people in court, some saving lives in a hospital, and others planning and building works of construction. These planners have a large-scale effect on everybody in society and have an eye for detail, as well as enjoy using mathematics to ensure proper construction. That is why I have chosen architecture to be my career. An architect is a person who designs buildings and supervises their construction. A broader view of an architect is a person who is responsible for inventing or realizing a particular idea or project. Architecture varies from the pillars of the Greek Parthenon, to peoples’ homes. I often find myself marveling over the design of large-scale building projects such as the skyscrapers of New York City. Most of these buildings belong to a myriad of well-known companies such as Chase and Toshiba. That is why I have particularly chosen to become a commercial architect.
Introduction Real estate is a fixed, tangible and immovable asset in the form of houses or commercial property (Seldin & Richard 1985). Real estate market involves developing, renting, selling/purchasing and renovating of these assets (houses). Market participants include developers (contractors, engineers, and so on), facilitators (mortgage companies, real estate brokers, banks, management agents and so on), owners, renters (leasers) and renovators (Seldin & Richard 1985). Like other economic markets, real estate markets have internal and external forces that impact the market (Seldin & Richard 1985). Demand and supply forces have the major impact on the industry as they determine growth or decline in the market (Seldin & Richard 1985).