REAL ESTATE

Different types:

Dual or limited agency

Transaction brokers

Agency relationships with clients versus non-agency relationships with customers

Real estate broker (or, in some states, qualifying broker)

Real estate salesperson (or, in some states, Real estate broker)

The difference between salespersons and brokers

REAL ESTATE BROKER

An example of Broker’s are these guys from the TV Show Million Dollar Listing.

Real estate agents and broker get paid through a commission. The property that they are selling is sold for a

certain amount of money which is then taken and 7% is used for commission for the Real estate/broker’s pay.

Broker’s can shuffle how much they want to have as far as commission goes. An example of this would be Homeowners

ask agent Mary to sell their house for $200,000. Mary works at Superlist Brokerage. There is agreement on 7 percent commission. Frank, a selling agent at Bigbuy

Brokerage, brings his clients to see the house and they purchase it for the asking price. The total commission will be $14,000, taken out of the sales price at the closing. In

this case it is divided evenly between Superlist and Bigbuy. Mary, a highly successful agent for Superlist, receives 75 percent of the brokerage's $7,000 commission, or $5,250. Frank, a beginning agent, receives 30 percent of Bigbuy's

$7,000 commission, or $2,100. 

HOW THEY GET PAID

Most states do not require a college degree to get a real estate license. You just do a class and then take a state

exam. In my home state, the initial class in a 75 classroom hour program, which will get you a provisional broker's

license (assuming you pass the state exam). After that, you take three 30 hour courses to graduate to a full broker's

license. 

It’s a great addition for a real estate’s career if they have a Business Degree. The more education is the better because

you want to be prepared for you career and hopefully be very successful in doing it.

SPECIFIC EDUCATION

This career would appeal to people who are ready to have a fun time. It’s a very stressful job but there are many benefits. The career are for people who love to sell

properties and to socialize with competition and employers. The job would be appealing to people who like to get

dressed up and fancy for their everyday job.

THE JOB

Many different Real Estate/Broker’s use their competition as an asset. In today’s market, it’s quite difficult to work

alone. Many Brokers use their competition to their advantage. For example, if one broker has a property in

which they are selling, they can talk to other brokers and find clients who are interested through them. The

competition in Real Estate is quite high because as a Broker who have to finish things as quick as possible. If you don’t do your job properly, your employer will replace you

as soon as possible with your competition.

HOW THEY WORK WITH OTHER COMPETITION

How to pre-qualify real estate clients to be sure they are ready to buy

How to tour properties with your clients

How to help real estate buyers determine an offer price

How to present a real estate offer that is most likely to be accepted

How to present your real estate services to potential sellers

How to stage a home to sell more quickly

How to market a home for sale using:

The Multiple Listing Service (MLS)

Fliers and print ads

Virtual tours

How to host an open house (they're not really about selling that property!)

How to handle offers and counteroffers on your real estate listing

How to close the transaction

Common problems and how to avoid them

SKILLS

This certain career is in high demand in today’s Real Estate market. Cities such as New York or Vancouver are

promising places because of they home markets. New York’s and Vancouver’s properties are some of the most

expensive in Northern America. It’s a booming market and many people are becoming Real Estate agents.

WHY WOULD SOMEONE WANT THIS JOB?

How to select the supplies and equipment you'll need as a real estate agent

A checklist of emergency "on the go" supplies to keep in your car

Choosing the right real estate office for you

Determining your needs:

A list of important questions to ask the office manager or broker

Negotiating commissions and compensation

Developing a professional image as a real estate agent

Creating a professional portfolio to show clients (even before you start working)

SUPPLIES NEEDED

Works Cited

"How much do commercial real estate brokers/agents make per year? - Yahoo! Answers." Yahoo! Answers - Home. N.p., n.d. Web. 10 May 2012.

<http://answers.yahoo.com/question/index?qid=20090502010912AA7cIE7>.

"Million Dollar Listing." MDL. N.p., n.d. Web. 3 Jan. 2012. <static.tvguide.com/MediaBin/Content/120312/News/3_wed/120314mag-

Lorber1.jpg>.

"REIC." REIC. N.p., n.d. Web. 16 May 2012. <http://www.reic.ca/en/home.cfm>.

"Real estate broker - Wikipedia, the free encyclopedia." Wikipedia, the free encyclopedia. N.p., n.d. Web. 10 May 2012.

<http://en.wikipedia.org/wiki/Real_estate_broker>.

 

 

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