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When a Real Estate Agent May Not Be The Best Option By: Chris Cates: Historically, when homeowners wanted to sell their home, the first call made would be to a Realtor. Since the early 19... where he has trained real estate investors across the country. For more information, please visit his website at www.We... Flat Fee MLS Listings - Is this the future of real estate By: Richard Massey: Realtors are all a buzz about this new form of listing houses on the MLS (multiple listing service). Some feel it crea... 3%). So in the sale of a $200,000 house you would pay $6,000 plus the flat listing fee, saving a close to $5,700 in com... Personal Branding Techniques for Real Estate Agents and Brokers By: Dan R. Vella: A key principle of marketing is to find something unique about what you offer as the basis of your sales message. Even... they can still be visible in a smaller audience. There is no point trying to build a brand image quickly to coincide wi... Easing Your Way Into Homeownership: How Your Real Estate Agent Can Help You Qualify For A Low Down Payment Mortgage By: W. Troy Swezey: For many renters, the first step in buying a home is becoming educated about the process. If you’re like many people ... will help you and your agent determine how much home you can afford. It’s also important that you disclose any prior c... Real Estate Investors - Red Alert By: Mark Walters: Real Estate Investors - Red AlertHow's the real estate marketing doing? Is the huge jump in home prices that is eviden... ruin for many.There are international forces at work that will not continue to support our government's wild spending h... How to Become a Real Estate Agent Andre McFayden, Ph.D.The process of becoming a real estate agent is fairly simple, although it does vary a lot from state to state. Here are the fundamentals of becoming a real estate agent. a) License Requirements Each state has different licensing laws, so you will need to look at your local requirements. However, in general you will have to: -Meet an age requirement -Pass a background check -Complete approved real estate courses from a state-approved school -Pass a state exam -Complete an application form -Submit various fees Agents just getting their license work for a real estate broker. If you decide at some point to work for yourself, you will need to earn a broker license. Most new agents sign on with one of the large company brokerages. Most successful agents, even if not self-employed, treat the real estate profession as their own business, instead of just a job. This attitude will go a long way to ensuring your success. b) What is a REALTOR®? Many people are confused about the difference between a real estate agent and a REALTOR®. A real estate agent becomes a REALTOR® when he or she pays an annual fee to the National Association of REALTORS® and subscribes to its Code of Ethics. The agent joins through the local (city) board or association. Membership in the REALTORS® is optional, but help enhance your career. c) How much can a real estate agent earn? Real estate agents more often than not are paid on commission. This commission is a percent of the selling price of the property. The seller will generally pay 4-6% of the sales price as the fee for having an agent handle the complex job of selling their property. The funds will often be split equally between the seller's broker and broker who finds the buyer. As an example, if the fee for a $300,000 property is 6%, the buyer's broker will be paid 3% or $9000 and the seller's broker will also be paid 3% or $9000. The agent is paid by his or her broker, using their agreed-upon commission split. This is often 50-50 for new agents, so in that case the agent in our example would be paid $4500. So to answer the question, the amount that a real estate agent can earn is only limited by the number of transactions that he or she can close. Visit Real-Estate-Career-Info.com for requirements for obtaining a real estate license in your state. This article may be reprinted if proper credit is given and all links left intact. Copyright©2005 Real-Estate-Career-Info.com About the Author Andre McFayden, Ph.D., is a Real Estate Broker and contributor to Real-Estate-Career-Info.com. 
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