Welcome to Real Estate Guide
Real Estate Transactions 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.
Real Estate Transactions Specific links
Real Estate Transactions News
Realtors(R) Report Increase in Commercial Transactions, Income
WASHINGTON, DC-- - Realtors® specializing in commercial real estate reported an increase in transactions in 2011, as well as a rise in their median gross annual income, according to the 2012 National Association ...
Read more...All Commercial Real Estate Sectors Continue to Improve, Multifamily Strong
WASHINGTON, DC-- - Shaking off a prolonged impact from the recession, fundamentals are gradually improving in all of the major commercial real estate sectors, according to the National Association of Realtors® ...
Read more...Thomas R. Davis Named Senior Vice President at Recap Real Estate Advisors
Recap Real Estate Advisors , one of the nation's recognized experts in the finance, restructuring, and asset management of multifamily properties, today announced that Thomas R.
Read more...GOP activist asks tenure panel to review judge's real estate transactions
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 unethical, if not illegal.
Read more...Soundview Real Estate Partners Responds to Grim CMBS Report
STAMFORD, CT-- - Trepp, LLC is the leading provider of information and analytics to the CMBS, commercial real estate, and banking markets -- and a recent report, filed in April, has caught the attention ...
Read more...