I’ve been a Realtor for about 4 years, selling only residential properties. I enjoy the investment side of real estate more and I really think I’d enjoy working in commercial real estate. On average, do Commercial Realtors make more than residential? I live in a decent size city with a lot of commercial property.
Thanks!
No. More residential properties than commercial makes more consistent opportunities in residential. Commercial may have a better commission. Do both.
I am completing realty school and want to trail off into my own company within a year or so.
How do I establish a company name?
Start with your states real estate board to make sure you can legally have the name, you will need to license it as well, you will end up with 2-3 licenses, broker and brokerage, as well as sales (maybe on that one). From there you either form a LLC or a corporation.
I live in NC. Im not sure if that matters. Anyways, my friend is looking for a house and he has gone with someone who has just finished up their realestate classes and recieved their license. The realator calls my friend and tells him "Hey I got a number of a guy YOU need to call and talk to…I think he will give you a good rate." He has yet to help him even FIND a mortgage company. I dont think my friend knows where to start. he assumed and so did I that the agent was supposed to help with that. Am I wrong or should the agent be taking the personal information to find him a lendor or at least giving him a list or lenders to contact?
Thanks for all your kind answers!
First of all, I think I would rather work with someone more experienced, as buyers need considerably more expertise than a newbie can provide.
As for mortgage and closing that is up to the buyer. As part of my services, I generally give me clients some names and let them choose. They should talk with at least three lenders to see what different programs are available and of course rates. While I can make arrangement for closing, I always ask if they prefer one place over another. Most folks don’t know title companies like they do lenders.
Nowadays, some Realtors (depending on the client relationship) do not want to know the borrowers financial information. For example, if the borrower is purchasing a property the agent has listed (dual agency), then it’s best if the borrower keeps his financial information confidential. Since I am not a mortgage professional, I leave most of the qualifying up to the lender. I am happy to accompany the client to each lender, but it’s not necessary. If I’ve worked the area for awhile, I know most lenders. And in some places, each real estate company has their own loan divisions and/or title companies. Again, the buyer can select whom they want to work with.
If I can help further, just email me. Hugs from Minnesota!
anyone know of hunting webs sites that offer realestate listings .our house we have for sale MLS#98257859 is in prime hunting country in idaho . we like to get it listed with hunters in mind.
Look on www.kiethwarren.com which is a hunting website, there is a link to real estate listings.
I don’t have any money for down payments, my income is low, (about 3,500 per month), my credit score is low, and I’m in the process of selling my home in a short sale. I want to create this cash flow as a means of supplement income and then eventually my main source of income. Is this doable?
You may have to wait a bit, but don’t worry, housing prices will probably drop some more.
I suggest buying a rental unit and living in it. Your tenants can pay your mortgage-or at least most of it. Research the tenant-landlord laws in your area as well as financing options and prices of multi-unit homes.
Realtor training and realtor coaching offers realtor s one-on-one attention for their realtor jobs. Contact Patti today or visit http://www.JoinTheExecutives.com
Duration : 0:1:42
$30,000 Sotheby’s International Realty Challenge
In a hair-on-fire finish, Todd Minikus and Hillary Dobbs turned the $30,000 Sotheby’s International Realty Challenge into a horse race at the 33rd annual Hampton Classic Horse Show. In a timed jump-off, Minikus won aboard Pavarotti in 37.56 seconds. Dobbs was second with Marengo (37.79) and Minikus placed third on Presidente (38.25). Their rides were double-clean. One of the nation’s premier show jumping competitions, the Hampton Classic continues through Sunday, August 31. The Classic hosts hunter/jumper competition for riders ranging from the youngest competitors in Leadline and Short Stirrup classes all the way up to Olympic veterans in the $200,000 FTI Grand Prix. Show entries include two Olympic riders who flew in directly from the Olympic show jumping competition in Hong Kong: McLain Ward, a member of the gold medal-winning U.S. team, and individual gold medalist Eric Lamaze of Canada.
Duration : 0:22:40
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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.
If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.
Prepare yourself and protect your family from this coming economic catastrophe.
PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:
Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:
Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….
Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.
But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.
“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.
So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.
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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke
Duration : 0:7:54
StagingExecshttp://gdata.youtube.com/feeds/api/users/stagingexecsFilmreal estate listings, real estate, realtor, condos, for rent, for sale, property, mortgage, real estate videoReal Estate Listings – Upgraded!
Duration : 0:1:4
An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Duration : 0:9:38