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Getting the Legitimate Real Estate License

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A real estate license is the basic requirement for those who wish to have a career selling real estate. Individual property owners looking to sell private assets do not require a license. However, any individual that they hire in their stead to market and sell their single family home, commercial property or raw land, will need to have a valid license in order for the seller to have basic protections offered under real estate law. This real estate license is gained by passing the state exam in which an individual chooses to practice. Licenses not only must be renewed periodically, they can be suspended for unscrupulous business practices at any time.

A number of real estate companies offer courses that allow individuals to obtain their real estate license at little or no cost. Upon completion of classes and meeting all requirements, an individual will then reimburse tuition costs to the real estate company through small payments or with a small percentage from sales. There are also online options for gaining one's real estate license. These courses offer the chance for individuals to attend classes at any time of the day or night, making it a popular option for many working adults. Curriculums are set to match the varying requirements of each state.

For the most part, those with a real estate license are referred to as sales agents. However, depending on the state of practice, a real estate license can also qualify one as a broker. A broker is an individual whose responsibilities fall along the line of finding properties for buyers and buyers for properties. The broker then acts as a mediator, working to establish a satisfying and advantageous agreement for each of the involved parties. The majority of brokers work off of a commission. In some states certain instructional requirements must be met before the broker's exam can be taken.

In order for individuals to legally practice once their license is obtained, they must work for a legitimate real estate firm. With time and practice, it is not uncommon for many agents to move on to their own franchises. At times, the problem with earning one's real estate license comes in the form of scam artists offering national or typical real estate licenses. These offers are non legitimate as each state has its own requirements that must be met in full before a legal real estate license will be issued. Depending on the state, an exam and up to 90 classroom hours can be required. To find legitimate real estate courses, one can contact a local real estate office or their state website.


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Real Estate Loans News

Supreme Court: Families cannot sue over loan discount fee - Boston Herald


KLEW

Supreme Court: Families cannot sue over loan discount fee
Boston Herald
The Smith family allegations focus partly on a loan origination fee of $5100, which they claim was a mislabeled loan discount fee. A federal judge threw the lawsuit out, saying the Real Estate Settlement Procedures Act made the lawsuit improper.
Supreme court limits reach of 1974 real estate lawReuters
US top court limits reach of 1974 real estate lawChicago Tribune
US High Court Bars Louisiana Fee Suits Against Quicken LoansWall Street Journal

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Real Estate News: Buyback of Loans Forced on BofA - Wall Street Journal (blog)


Real Estate News: Buyback of Loans Forced on BofA
Wall Street Journal (blog)
Buyback of Loans Forced on BofA: Freddie Mac forced Bank of America Corp. to buy back $330 million of mortgages originated over the past two years after the government-controlled mortgage-finance company challenged the lender over technical issues with ...

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Spain's BBVA Said to Seek Bids for Property and Loan Portfolios - Bloomberg


Spain's BBVA Said to Seek Bids for Property and Loan Portfolios
Bloomberg
Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain's second-largest lender, will take non-binding bids for five portfolios of real estate and loans until May 29, two people with knowledge of the matter said. The assets for sale include homes, ...
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Negative equity remains a drag on housing market - Los Angeles Times


Los Angeles Times

Negative equity remains a drag on housing market
Los Angeles Times
Nearly 1 in 3 homeowners with a mortgage in Los Angeles County owes more on the loan than the property is worth, according to fresh data from real estate website Zillow. In the hard-hit Inland Empire, that climbs to more than half of borrowers.
Half of Metro Atlanta Mortgagees UnderwaterLoanSafe
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Financial News: Henderson Aims To Fill $180B Lending Gap - Wall Street Journal


IPE.com

Financial News: Henderson Aims To Fill $180B Lending Gap
Wall Street Journal
LN) has become the latest asset manager to take advantage of weakness in the banking sector, by launching a pair of real estate debt funds to fill a gap of over $180 billion that has opened in the European lending market. Henderson said in a statement ...
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