This paper goes into detail about becoming a real estate agent in Ontario. It talks about how there are many benefits that go along with the occupation which include making your own work schedule. It also talks about how there many negatives such as not making any money in the first few months of working as a real estate agent. In order to become a real estate agent, people must complete several courses offered by the Ontario Real Estate Association College. In addition to the completion of the courses, people must register with the Real Estate Council of Ontario. Re/max is one the real estate brokerage firms in Ontario, in which they charge a fee of five percent per commission. The fee helps cover marketing expenses as well as online courses …show more content…
From a tiny bungalow in Waterloo, to a large commercial building in downtown Toronto, there is a variety of properties to choose from. The benefit of being in real estate is that people can choose between residential or commercial, as some people prefer to be in the the residential market over the commercial market. The occupation that will be discussed throughout this assignment will be a real estate agent, as there are several opportunities for growth in this occupation. From selling a two hundred-thousand dollar house to a multi million-dollar house, the growth in this field is enormous. Being a real estate agent has many positives but it also has many negatives and people have to be aware of that. Although Ontario does not require a university degree to become a real estate agent, having an undergraduate degree in bachelor of commerce certainly helps. Since a real estate agent does not need a university degree, agents need to obtain a license instead. In Ontario, a major real estate agent company is Re/max, which helps agents advertise themselves in the hopes of gaining new clients. In the end, being a real estate agent is very eventful in the fact that the market is always changing and there is always competition in becoming a top agent in a certain
The State of Missouri requires professionals to obtain a license before providing services to the public, in many careers. Misconceptions hold that issuance of licenses is just something that is needed in order to charge money for services. Licenses are issued however, because the public puts their trust in professionals who are more knowledgeable than they are. Many people today want to avoid the hassles and risks associated with the transfer of land, so they put their trust in licensed real estate professionals. The Missouri Broker Disclosure Form (MBDF) is a document used by the Missouri State Real Estate Commission that attempts to provide the public, knowledgeable information, about agency relationships (the fiduciary relationship between buyers/sellers and agents). It also holds real estate agents and brokers somewhat accountable to the public in representing them in their best interest; all real estate agents are required to present and explain this form to buyers and sellers. It seems in today’s society that greed, corruption, and self-interest has spread like an infectious disease and we live in a world where it is risky to put our trust in other people. The government tries to respond to that corruption by putting into place more regulations and laws to keep people honest. In summary, the Missouri Broker Disclosure Form is a document designed to help the public make an informed choice about the agency type, of the people that they are putting trust in, and the fiduciary commitments due to them.
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
The housing market is very unique as unlike other goods and services, houses have permanence, it is a fixed location good causing the rules of supply and demand to be taken to new extremes. In the case of the Toronto housing market we can view in almost real time the role supply and demand play on he ever increasing house prices, additionally the fundamental economic issue of scarcity is made extremely apparent by the limited size of the city of Toronto.
is like an easy walk in the park, do not be fooled. The keys to becoming a home owner are to be
A real estate agent is a person who sells and rents out buildings and land for clients. This career is very important if you are buying a house, but you don’t really know what you’re doing. Real estate agents can help to guide you through the process, and answer any questions you have. Real Estate has always been around, it just wasn’t referred to as an actual occupation. Real estate companies didn’t start until around the 1950’s. People could now officially buy and sell houses, and make money from it at the same time.
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..
You might have heard about real estate lawyers and the many services that they provide. However, you may have never actually had to hire one before. In many situations, though, working with a real estate lawyer can be a good idea. These are some of the situations in which you might want to hire one of these professionals.
to 7:00 p.m. in the Mendik Education Center. This free seminar for REBNY members only will have a panel of notable real estate experts examine and present current trends in real estate to enhance the professional knowledge of each attending agent. Registration is required, and more information can be found on rebny.com or by contacting Yesenia Dhanraj at YDhanraj@rebny.com.
Open houses are training and recruiting platforms for new agents, or agents who do not yet have listings of their own... Brokers want unrepresented buyers to fall in love with
When you master a task or skill, you typically have no problem doing at again. The repetition, or doing it over and over again, gets boring, the task doesn’t get any harder, and you receive no progress. The progress helps and makes you better. It’s just like against a rookie and you’re a hall of famer. The more you push yourself to do better, the more it will help you in the future.
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.
In the competitive labor markets of Canada nowadays, searching for a suitable and available employment opportunity can be challenging, so I would like to offer you some job seeking techniques helpfully. According to the website Wikipedia, “the success of jobs search engines in bridging the gap between job seekers and employers has spawned thousands of job sites.” , so I strongly suggest that one of the most practical and common ways you perform first is to look up recruitment information on the internet. The job search pages provide a mine of valuable information, and they are very quick and convenient for job hunters to figure out some points of detail such as job categories, wages, locations, etc. There are three of the useful
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.
The approach to artificial intelligence should be proceeded with caution. Throughout recent years and even decades before, it has been a technological dream to produce artificial intelligence. From movies, pop culture, and recent technological advancements, there is an obsession with robotics and their ability to perform actions that require human intelligence. Artificial intelligence has become a real and approachable realization today, but should be approached with care and diligence. Humans can create advanced artificial intelligence but should not because of the harm they may cause, the monumental advancement needed in the technology, and that its harm outweighs its benefits.
Suppose I want to sell home for $300, I get offer today of $290 US dollar. So dilemma infront of me is wheather I should take offer or I wait for some period and sellit for $300 US dollar. I go to real estate agent and take his opinion he says take the offer because market is going down, in future you may not get worth customer , etc. I might think that why he would lie to me, both of us having intrest aligned real estate agent will get more money if I sell it for more money. But actually it is not. Your agent don’t have same interest as you think. Agent keep their house on an average 10 days longer that itself proves there is something fishy, isn’t it?? If total commission in deal is 1000 US Dollar then half goes to buyers dealer , half goes to sellers dealer. Each agent have to give half of remaing to their agency so ultimately each agent gets 250US Dollar, to wait for next deal of 300 US dollar agent have to work for a 10 days again bring new customer , so agent try to grab each customer and seal the deal and moe on. It is not these real estate agents are bad they are just human beings, and human beings behave according to there incentives so one should know about the incentives system to get work done perfectly. One should know what & how to measure it solves many of your problems, if you know how to look at information correctly you can solve situation which seems to be