Comments for Elicit

Comment on How do you become a realestate broker? by kemperk

kemperk — Sun, 20 May 2012 11:44:59 +0000

in a few states, for reasons unfathomable to logical people,
one starts out as an associate broker. They have gotten away from
"sales people, aka agents."

in the other 48-49 states, one
goes to a RE school, [never ever attend an on line course for
prep for the state test........on line stuff is fine for renewal
course requirements], take their classes for sales person/agent
pass their test,
take the state test,
practice under a broker for 3 yrs in most states
then attend RE broker school, take their test
when passed, schedule to take the state test for brokers
and pass it.

during all this, you need to decide what type of RE you want to
practice;

listing of houses
land

help buyers buy [never be a dual agent--rep'ing both sellers
and buyers in the same transaction.]

and you can deal with commercial prop
ag prop
cemetery plots
camp grounds

etc.

if you seek to list props, you will need to join AFTER you are
licensed, NAR which I personally think is a rip off]
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Comment on How do you become a realestate broker? by Peter

Peter — Sun, 20 May 2012 11:17:59 +0000

You have to take some experience by dealing in this business. Moreover, you may also consult and read articles that are related to this business. I mean case studies of different companies and agents is a good source to get knowledge and experience.
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Comment on How do you become a realestate broker? by Jessica

Jessica — Sun, 20 May 2012 11:09:59 +0000

In most states you have to take a real estate course for a certain amount of hours. After that you take a test to get your salesperson license, and then you must be an agent or a certain amount of time. After you have been an agent for whatever amount of time your state requires you can then take more classes and apply for the broker license. In California you can bypass all of the courses and time needed to be spent as a salesperson if you have a certain level of college completed. I don't know of any other states like that though.
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Comment on How do you become a realestate broker? by glenn

glenn — Sun, 20 May 2012 10:31:59 +0000

This is decided by your state law. In Texas the ruling body is called the Texas Real Estate Commission and can be looked up by googling TREC. Probably similar format in your state. We need to be active agents for at least two years. There are very specific rules on what it means to be active and you would want to look them up. You can make a lot of money and never be a Broker- think about the extra cost and figure out if it really makes sense for you.
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Comment on how do I contact a yahoo realestate agent? by Ed Atun

Ed Atun — Fri, 18 May 2012 08:01:59 +0000

You have to go to the owner of the company where the agent works. At some point, your money will become non-refundable. You can find the agent's company information on the Dept Of Real Estate website for Washington state. Or look up their website. Follow up your call with a letter.
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Comment on Are losses on realestate sales able to be written off on taxes like stock sales? by tro

tro — Sun, 06 May 2012 04:26:59 +0000

sales of assets like stocks, and other investment property are reported on Sch D
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Comment on Are losses on realestate sales able to be written off on taxes like stock sales? by Wayne Z

Wayne Z — Sun, 06 May 2012 03:45:59 +0000

Personal Residence – No

2nd Home/Vacation Home – No
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Comment on Are losses on realestate sales able to be written off on taxes like stock sales? by Judy

Judy — Sun, 06 May 2012 02:56:59 +0000

Your home, no. Investment property, maybe.
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Comment on What percentage take is average for realestate agents? by Hannah

Hannah — Mon, 30 Apr 2012 09:14:59 +0000

5 or 6 percent. If the listing agent sells it she gets half of that. If another company sells it she gets one fourth of that. The companies get the rest. Either way, you pay the whole thing.
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RE Broker

Comment on What percentage take is average for realestate agents? by Rick B

Rick B — Mon, 30 Apr 2012 08:30:59 +0000

3% to buyers agent and 3% to sellers agent.
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