Welcome to Real Estate Guide
Michigan Real Estate Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
The Realities of Real Estate Agents
from:With the sale of property wrapped up in laws, guidelines and ordinances, competent real estate agents are just the type of professional many do not like to go without. The purchase or sale of property can sometimes be confusing and intimidating, especially for those who are new to the world of real estate. Real estate agents and their specialized knowledge not only work to create a smooth buying or selling experience, but an educational one as well. The agent who is not able to provide this for his or her clients is not likely to find themselves in great demand.
Real estate agents are commonly referred to as sales agents, as they work to get their clients the highest price when selling and the lowest price when buying. Because of the number of aspects involved with the buying and selling of property, becoming a real estate agent requires one to meet all licensing requirements for their state of practice. Thanks to the advent of the internet, training for a real estate license can now be obtained through accredited online courses. Sellers or buyers acting on their own behalf do not require licensing. Likewise, in some states, attorneys can also act as an agent without needing to meet state licensing requirements.
In the world of real estate, there can be some confusion as to the difference between Realtors, real estate agents and real estate brokers. While agents work for others and focus mainly on sales, brokers often take on their own branch responsibilities. Realtors are those who are a combination of a broker and agent. Each type of agent has their own level of schooling, training, and exams that must be successfully passed in order to obtain a legitimate license for practice. Practicing without a license is both unethical and unlawful. As an unfortunate number have found, those who use unlicensed professionals leave themselves open for no compensation under the law should a transaction hit a snag and go terribly wrong.
Legitimate and ethical real estate agents are those who display their license number prominently and welcome all inquiries into their background and sales experience. They also regularly renew their license in order to continue practicing legally. While some agents work for a firm or other prominent outfits, others work as free agents or proprietors of their own agencies. For the most part, agents work on a commission. Depending on whether they work for a firm or their licensing and experience, many agents will offer their clients a number of helpful services related to the sale or purchase of property.
Michigan Real Estate Specific links
Michigan Real Estate News
GOP activist asks tenure panel to review judge's real estate transactions - Detroit Free Press
 Legal News Line | GOP activist asks tenure panel to review judge's real estate transactions Detroit Free Press By Dawson Bell A veteran Republican activist and court watcher asked the Michigan Judicial Tenure Commission to investigate a series of real estate transactions conducted by state Supreme Court Justice Diane Hathaway that he said appear to have been ... Complaint filed against Mich. SC justice over allegations State Supreme Court Justice Diane Hathaway keeps mum as more property ... |
Deal signed for redevelopment of downtown Ann Arbor's ex-Borders store - AnnArbor.com
Deal signed for redevelopment of downtown Ann Arbor's ex-Borders store AnnArbor.com “We are currently evaluating all uses for the property in order to maximize the benefit of this core property to the city and its residents.” said Ron Hughes of Hughes Properties, in a release. Hughes told AnnArbor.com no plans are finalized for the ... |
A Michigan Store, Craft Shop: What Did You See Filling This Storefront? - Patch.com
A Michigan Store, Craft Shop: What Did You See Filling This Storefront? Patch.com Readers' ideas include an arts and crafts supply store and a shop selling Michigan gear. What do you think? By Laura Houser What are your ideas for this now vacant shop along prime real estate on Maple Road? Empty buildings. Vacant storefronts. |
Families say local real estate investor took their savings and dreams of being ... - WXYZ
 WXYZ | Families say local real estate investor took their savings and dreams of being ... WXYZ Southfield, MI - Imagine handing over your life's savings to pay cash for a home – only to find out you don't own the home--and the tens of thousands of dollars you spent disappeared. Charles Brian Lovejoy's clients say he has a track record of taking ... |
Cohen Financial expands, opens new office in Michigan - REjournals.com
 REjournals.com | Cohen Financial expands, opens new office in Michigan REjournals.com Cohen Financial, a national real estate capital services firm, in May opened an office in Grand Rapids, Mich. Cathy Bronkema, partner and executive vice President of Cohen Financial, leads the office. Bronkema has actively teamed with Colliers ... |