Q:I am planning on going into the real estate field but have a few questions. I was interested in becoming either a Real Estate Broker Agent or Realtor. I wanted to know the job description for each individual career and also the salaries I knwot hey work off commission but do either have a base yearly salary on top of commission.Also I'm going to major in business in college will this help me in real estate? Also what does a real estate firm do?

A real estate broker can negotiate leases and sales with a client. A Realtor is a member of a trade organization.

Q:Is there anything that your real estate agent could have done better? What did they do or not do that stood out?

Yes, a real estate agent can make good money, but not everyone is a good real estate agent. When working on a 100% commission you need to work on a budget and have at least $100,000 cash reserves to fund the business and live off of. This is because it will take you a while to build up your clientele. Ideally, you want to sell one house a week. But it will take time for you to get there and those bills will still have to be paid. Don't count on friends and family for help building your business. If you do get help from them you are lucky. Most will think you are crazy because you have the guts to work for yourself. I would suggest having a part time job as well.

Q:Hey guys, I have a few questions about the real estate business. I am going to school to become a real estate agent and will be obtaining my license soon in the state of Maryland. My questions are: What is your annual salary as a real estate agent?How many houses do agents typically sell each year?How long did it take you do sell your first house after receiving your license.And what should i expect while in the field?I know most of my questions depends on the state which you are located in and the work that you put in, but id still like to know others experiences. -Thank guys

Salary? LOL Selling real estate is a 100% commissioned job, there is no salary. Its also self employment which has expenses. There is no typical in real estate since many sell very few to none, while others do very well. Half the people who enter the business in a given year, quit the business within that same year. Personally once I was licensed fresh out of real estate school I felt ready to take on the world and didn't realize I knew practically nothing about how to succeed in the business ready to commit full time. I also worked as an apprentice auctioneer (real estate auctioneer) when I first began so I was able to get a small share of commissions from the auctioneer I worked for, but didn't sell my first property until I was 5 months in and didn't get paid on it for another 6 weeks. I think I sold 5 houses my first year, when I was certain I would be able to at least sell one a month. The second year was much better because by that time I understood what it takes to develop business.

Q:I did some research on the work of a real estate agent and I feel like I would really like the job. I know it all depends on me but I'd like to hear some opinions from real estate agents, brokers or anyone who has an opinion about the job.

I'm starting next week on my studies. The comission is great. Lets say you sell a multimillion dollar house, you'll easily walk away with atleast half a million in comission. Typically, one sale equals several thousand. I'd say that and if your into looking at different homes, having your own hours, and being out in the streets while on the job; it can be very ideal. The major con, is the recession. The economy seems like it's shot even though they say the recession ended, what, about a year ago? The housing market is in a bad state. It would be tough to make a sale, especially for a new agent. But if you already have a part time job like me, I think you could do it without struggling financially any worse than you already are..

Q:i don't want to give up the job i have..i wanted to do real estate part time to have some extra money..is that a good idea?

Sure. A lot of people do just that, especially people in big social circles (union members, fire fighters, cops, etc). You should learn a bit about financing too. It's not much more of a stretch and could almost double the income from a home sale if you do the loan too.

Q:I want to pick up my real estate license..mabey become a part time broker. Or at the very least not get ripped off when buying houses. I see real estate as a great investment...why pay rent when u can own n have roommates help pay ur mortgage. what books can u reccommend? whats the best way to do this in ontario? Thanks

You are wanting to do a number of things some you can do without a licence and others you must have one. 1) you can buy real estate and sell it without a licence. It must be you personally or you and a partner who buys it. If you do not reside in the property or if you buy it and sell it within 2 years you must pay capital gains tax. This is to stop people from flipping houses. as a business. 2) Real estate courses are offered at local colleges, universities etc. they are about $600.00 I'm not sure about Ontario but you must be referred by a real estate company. to take it. 3) a broker also requires a licence and you must have your real estate licence to get a brokers licence. There are many books available to advise people how to buy a home. and most Realtors will help you also. Canada has the Canadian Central Mortgage and Housing. it helps first time buyers to obtain 1st mortgages with only 5% down payment. Banks normally require a minimum of 10%. Talk to any real estate agent, they can advise you about courses, also the Ontario Real Estate Board will have information about dates, areas, costs etc of licencing courses.

Q:hi am NOT familiar with programming so kindly excuse my poor I.T. language….. Am looking for a real estate database software.A property web-based database, (1)for my self to display the properties owners info and remarks ect...(2)and to be used on the net for clients without displaying properties owners info (3)which can be custom-built for quick or detailed property searches / filters, such as … location ….and/or…. Price… and/or…. Bedrooms……and/or…photos…and so on…(4) and that uses my already existing Microsoft Excel data. My present Microsoft Excel database workbook consists of 7 sheets for a total of 50,000 properties and few hundreds of contact persons clients, contractors, notaries etc …. I also know about the ACT! by Sage Premium for Real Estate 2006 and am willing to purchase it if it can be synchronized with the database am requesting … kindly guide me to make the best buy.Thank you and best regards

You okorder and search for software that you may be able to download. The problem is if you want something truly web enabled and customized, it could cost a fairly significant amount. Some of this can be recouped if you also agree to pay the person developing the database to host your site - either way you pay. If you can find a product in a box that suits your needs that will be the cheapest way to go. I'm not familiar with ACT! Premium for Real Estate - that may do all these things. ACT! is a very popular customer relationship management software, but I'm not familiar with whether it will suck in your existing database (it SHOULD, but I can't say if it does) and I'm also not sure if it will allow you to access it from the web. Best of luck. Joe...

Q:How difficult is it to find a job in real estate once I become certified?I am new to this so all the information would help. I know this probably wont be looked at when looking for work in real estate but for what its worth...I am a military vet, 4 yrs supervisory experience, BS in CJ, and enrolled to start my MBA in January. Like I said, any information would be greatly appreciated! Thanks

Just pass the state exam to become an agent.

Q:I have 3 more classes until I am fineshed with real estate school.Any suggestions or advice.I am thinking of starting out with apartment locators rather than homes!!I dont know.... I am married and 21 and I have been through a few other career choices and they didnt work out. I hope I will like real estate.Is it good money in Texas???HELP HELP!!!Thanks much

not a business you will be able to call the shots out of the chute. you'll start working open houses, boring. at other times you will farm. (things like searching for for sale by owner and convincing owner to let you list it). be prepared to be broke if not in debt for the first six months minimum. (you will need to pay some serious money out). think about lots of gas, pay for multi listing, realtors board, etc. good luck though. you get through the start up, and you hustle, you can make good money.

Q:I have an real estate question and I would like to know if anyone knows the answer. Ok lets say there is a couple The Lemons and they are buying a house and they have an agent named Sally who works for Mary's real estate company they find a house that they like make an offer that is accepted.However the house is being sold by Barry who works for a different real estate company then Mary and Sally work for. I know Barry and Sally would have to split the commission but does Mary get any money since Sally is her employee?

First attempt to discover any person you realize and believe. Whether they're a dealer, agent or legal professional. Just b/c they're such a 3 does no longer mechanically restrict them from being the proper individual for you. You have got to consider comfy with them. Keep in brain for the period of all of this, that they're running for you. If they aren't running however simply accumulating a paycheck, discover any person else. Everyone of the aforementioned men and women can and can make a big amount of cash should you select to paintings with them. Further, such a lot markets within the US have tilted toward the shoppers facet to a point. This approach you're now within the drivers seat. Everyone within the truly property enterprise demands shoppers. Best of good fortune. Joe...