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FAQ

If a real estate agent is aware of a judgment on a house and doesn't make sure the necessary documents are filed in regards to the house/judgment, can the real estate company that the agent represents also be held liable?

that is title company responsibility. the real estate agent does not have full responsibility for entire transaction. they help you find a house. show you a house and negotiate price. After that the buyer has to rely on other experts.

Ok I am working on getting my real estate license what are some ways to break into the Real Estate world other than becoming an apartment Leasing Consultant.

I don't know what real estate courses you're taking, but I recommend you stop because it sounds like you're not learning the fundamentals. EVERYONE knows that lease consulting is not the way to enter real estate. Most people enter it (with a license) to become a salesperson who SELLS real estate. Why would you enter it directly into property management or consulting if you don't have anyone to hire you for it (most of those people work for property management companies). You would enter it selling real estate. You will most likely start by helping realtors do open houses and ensuring an agreement is made between the two of you, you might get a cut of the sale, or keep the leads generated at open houses etc. That will be a good starting off point (I picked up two clients both looking to buy and one of them to sell as well with a budget of $1 Million to start). Or you can work as a licensed assistant as part of a team where you could be paid on salary or salary plus bonus or purely commission based. There's so many ways to approach real estate and you should delve deeper since your course doesn't do that for you.

i am a foreigner intending to invest in Real Estate

I see this is an old topic but if you are stiil looking to invest, Orlando FL is a nice area for foreigners to put their $$ into. Orlando is a favorite destination for international real estate buyers from around the world because of its world famous attractions such as Disney World, Universal Studios, Sea World, NASA Kennedy Space just to name the few. Besides the theme parks, there are many other activities to enjoy like dinner shows, shopping, beaches, golfing and watersports. This means successful traffic for investors to rent out their property and collect the cash flow. To help you start building your portfolio, it is very important that you work with a real estate expert who know what they are doing, know the market the numbers when it comes to pulling comparables and calculating the annual ROI. Following with giving you the fair and honest advice. Thats why I am here to educate you and give you the feel of the market.

It seems that most mentors want a lot of money upfront without any guarantee. How do you find a real estate investor mentor that will work with you for a percentage of the profit on the deals you find.

You should get a license rather than being a bird-dog. Your self-worth will go up and you will find a mentor who wants you in reciprocity.

Real Estate agent, appraisal, and broker? because I want to get my license in CT does that license make you all three are the the same or are there different licenses for each?

They're okorder (although it's not required), and determines the value of property based on various market factors. Whether a state-issued license is required to be a real estate appraiser depends on the state (it's required in CT).

how does someone get a real estate license? how is the process? and how hard/easy is it? also, what do i do after i get it? where do i get a job, how much it pays and...will i get a job? thnx!

trake a course and take the test. you are paid commission.

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?

I tried it, but it doesn't seem to work. You sit around a real estate office, but you can't do it full time, so you don't get customers that want to trust you. It's no good for part time income. I still am licensed, I don't know why I keep renewing my license...but I don't sell houses...maybe I'll use my license to get a break for my personal purchase or sale, or friends and relatives. Again, it's not the kind of business you can expect to make money part time with...but not to discourage you, ask around, who knows, there may be some kind of property management jobs requiring a real estate licensed person to run.

Also, what is the difference between a real estate agent, realtor, buyers agent, and listing agent?? Cant a real estate agent and realtor be a listing agent and buyers agent? I am SOOO confused?

tricky step. browse in bing and yahoo. this can assist!