Q:After getting my license, is it possible for me to have a successful full-time job as a real estate agent. I don't have many contacts but I know I would love it. Any advice?

It is always possible. Some real estate rookies come in and make huge sums of money. There are three things these people have: contacts, drive, and perseverance. The rule of thumb in any sales job is that it takes about six months to get a steady income. In real estate it can take years, but doesn't have to. I remember my first day as a real estate agent. Everyone told me it would take forever. I had floor that day and I had a contract in my hand before I left. I recommend, at least while you are getting started, that you have a secondary income. It is great if you are young and living with your parents, older with a pension, or if your spouse has a good job. If you are the sole bread winner, it can be tough. Make sure you have enough money in savings before you quit your job. Many real estate offices require that you pay them to work there. Make sure you are comfortable with your commission split. You can expect to see anything from a 50% commission split, but no office fees, to 100% commission split but you pay a large office fee. There will be many options in between. I could go on and on, but email me and I'll be happy to answer specific questions. Ultimately, your success or failure is dependent on how hard you are willing to work. If you want to learn how do really make it, find a job as a real estate assistant, once you get your license, it shouldn't be difficult. As an assistant, you will receive a paycheck while learning the ropes. What you learn in school is how to pass the test. But it doesn't teach you how to succeed.

Q:Ok I might be moving to Medford Wisconsin but i need some help! I need a house. Of course duh! But i neeed some online sites for real Estate. SO give me some help with some web sites! THANK YOU!

I okorder . You get to see ALL the listings from every broker that puts them on the local MLS. Virtual tours, extra pictures - the works. It's free. It's easy. And it has great tips for buyers to help them with this process. Good luck and best wishes.

Q:Is there anything to be weary of about real estate agents.We have a real estate agent that is helping us look for a condo.We haven't met him yet and was wondering if there is anything that I should keep in mind? Thanks.

I think you mean leery. Weary means tired. Read anything you sign. Most agents want you sign a document stating that they are helping you and that in exchange for helping you they are going to get paid (at closing by the seller). Some states allow you to 'fire' your agent at any point, even during the contract duration. You want one of those clauses present. If you can't stand the person or the job they are doing for you, you want to be able to change agents. Remember that being a real estate agent is the ultimate service job. There are a ton of real estate agents and if you feel anything is sub-par, then fire them. Really. Save yourself the headache. A good real estate agent will listen to what you say, but also pick up on some of the non-verbal cues as to how you react to a shown property. After the first round of showings, the quality of what they show you should improve as they get to know you. Don't get pressured into picking a place too quickly. Real estate agents work on commission (and also word of mouth) so they don't get paid until you close on a property. Keep that in mind. As you look at place after place after place, their hourly rate is dropping as they show you more and more. If you aren't serious about buying yet or are going to take a very long time to make up your mind, be up front about it so they don't get frustrated. Most states have rules about dual-representation, but if you are looking at a listing that your agent has, they stand to make double the commission and might not have all of your best interests at heart. good luck!

Q:Has anyone ever obtained a broker license in california without having your sale's license or 4 year degree. I hear that there are other alternatives such as being in the real estate field for a few years to show the department of real estate that you do have some form of experience. . I've been in the mortgages and real estate banking for 6 years and I've completed 6 out of the 8 courses needed apply for a broker license.

You can get the answer to your question by reading the information provided on your states website. Here is a link to the real estate laws provided by the Department of Real Estate for California.

Q:Okay, we are new to this and in the middle of buying our first house.We just came from the seller's real estate office, we are finalizing things right now. But, anyways the agent is saying the seller is only going to pay him half of the commission,..which is 1500, and we are required to pay the other 750. This doesnt sound right to me. Why would we pay the real estate agent, we didnt chose him anyways. Isnt it the sellers responsibility to pay the agent? And if he doesnt, would that then make it our problem?

Hey I am not sure what sate you are in, but NO it is not normal for the buyer to pay the agent anything. Unless it was in contract and you signed it with out understanding. I would go right to the big guy, the Broker and question it. If you are not happy with your answer then call the real estate commistion. I think that they are trying to get over on you. Usually the seller pays a % to the agent. A dollar amount is only calculated after the price has been areed on. The seller then at settlement pays the % to the agent (s) involved. For sale by owners are a little diffrent. They will some times give a dallor amount and if the agent don't like that amount they will try to get the rest from the buyer. I wish you luck. Please post and let me know what happens.

Q:I am an universitiy student, and I am in the middle of decidding my major. Does real estate business make good amount of money? I want to become super rich in the future.If not, what other business do you recommend for good money making?

Real Estate sales? If you're good at it, you can make loads of money. If you're not, you might as well flip burgers. Buying real estate on spec hoping it will go up? If you're good at it, you can make loads of money. If you make wrong decisions, you can lose lots of money. Buying and developing property? If you're good at it, you can make loads of money. If you're not, you're bankrupt. Managing property for other people? You can make a living.

Q:I am selling a house in probate sale. I signed a big real estate company to sell it. The agent went to a realtor who buys houses for low cash offers, and then told me he couldn't get better offers so I would sell. The two realtors are flipping properties. I just found my house on the buyers internet site and he doesn't own it. Escrow closes in 3 weeks. The escrow guy is in on it too. I apparently found a bunch of bad guys. The internet site has millions of dollars in property for sale, and probably most of it, they don't own. People who were calling his number off the sign, were getting bounced to the buyer. suggestions? numbers to federal agenies?

The agent grew to become into mind-blowing in asking you what the fee grew to become into on your place. If he would not be responsive to this, he can no longer build an grant. Your state would have a single social gathering coach settlement (CA does) that states you purely pay the agent a value in case you sell (insert call of the shopper) their abode. maximum brokers won't write an grant without it for a FSBO sources. additionally, no longer listening to from them for a pair days is par for the path in actual sources. that's a large determination and infrequently after people think of approximately it, they alter their strategies. while an agent tells a supplier of mine that his purchasers would be writing an grant, extra circumstances than no longer, they do no longer and the seller gets very disenchanted by making use of this. i do no longer see something fraudulent going at here. to furnish your self with protection, you actual need to checklist your place with a Realtor. it incredibly is the only way you could evade those style of issues.

Q:I'm writing a book and the main character's fiance is a real estate agent. They're on vacation and on the second day of their 10-day trip he needs to return home because of something at work, but he expects it will only take a few days so she stays at their resort and he will come back to her for the end of their vacation.What is something in real estate that could be a cause for him to have to return for a few days? Any details you could give me would be great so I can write about it like I know what I'm talking about ;-)Thanks in advance!

He has a house on the market for a client, and suddenly the property becomes the scene of a grizzly murder, and the client may be a suspect. He will have to give statements and possibly testify....

Q:Need some opinions on the Real Estate Industry1) Industry Cycle - What stage do you think the real estate industry is at and why?2) What factors will determine your industry's performance and growth prospects in the next few years?3) What is your forecast for your industry's performance and growth prospects for the next few years and why?

Industry is in a leveling cycle. The real estate market took an upturn in 1990 and many profits were given to the sellers which were not earned. Now the market is in a give back mode which the sellers are in losing profits and buyers are the takers. The rents are high but the price of homes are low. this is a buyers market and will continue for another 2 and one quarter years or June 2013. As taxes are lowered new investors and buyers will move to fill the vacant homes and properties. New home starts will begin in 2013 again but very slowly as the builders are still at losses. Growth in real Estate is slowly growing as the homes are either destroyed or bought up. The only factor is resale and area.

Q:When tenants in common cannot agree on the future of the shared property, a court must decide. If the court decides said property should be sold, who pays the real estate agent? In the current state of this market, this property is worth not much more than what it was purchased for. In, this situation, there are 2 names on the title but only one of them is the mortgager. Are both required as homeowners to foot the bill for sale?

Whoever is on title would be considered the seller.