Florida Real Estate Agents

Access to easy mortgages has encouraged a large number of people to buy their own property rather than live in a rented house. People who earn well and are able to pool in their own finances also prefer to purchase property as an investment venture. This aggressive consumer behavior has been a boon for the real estate trade.

It is sensible to hire a Florida real estate agent when considering the purchase, sale, lease, of a property. Most real estate agents are trained professionals who understand the intricacies of the trade and have mastered the art of real estate trading. They possess first hand knowledge regarding most properties they deal with. They are also aware of several legalities involved with Florida real estate deals. Florida real estate agents can clarify doubts related to property costs, evaluation, and reason of sale. They are knowledgeable about size of property, maintenance charges, and limitations regarding specific deals.

Prospective clients may contact a Florida real estate company and set up an appointment. It is important that agents and customers meet and talk about property facts wherein customers may be able to put forth their requests. It also helps agents to short list properties suitable to their client’s requirements.

Florida real estate agents provide details about mortgage types in case of outright purchases. They may also propose names of neighborhood financial institutions that could provide ready loans upon presentation of documents. Florida real estate agents work through an extensive network and are competent of taking clients in all areas of Florida. They function as a contact between buyers, sellers, and rental agencies. Real estate agents are empowered to complete the deal in case one of the clients lives outside Florida.

Real estate trade follows a pattern in which only authorized agents can deal with property issues. Most real estate firms hire agents as salaried employees. Apart from this, they receive commissions for completed deals. Commissions are realized through service charges paid by clients. This sum is fixed and made known to clients in advance. Payments made to agents are proportionate to the volume of business.

Real Estate Job: Top Three Factors Determining a Real Estate Agent Salary-Lucrative Job!

Since the economy started to spiral down in 2008, many people had difficulties finding jobs because their skills, training and experience that used to be in demand are no longer sought-after or salable. Hence, people have explored other possibilities such as undergoing retraining and having a career shift. On the other hand, while other professions have gone less in demand, people in the real estate market are steadily growing in number. In fact, according to the Bureau Labor of Statistics, the number of agents will increase up to 16 percent at the end of 2018. Despite the bad economy, the real estate agent salary remained fixed. They get 6 percent of the total value of the house they sold or found for a buyer or seller, and they divide it to half to their broker. Their service is very much needed these days because people are selling their properties and homes and they need professional help to be able to dispose their homes to their advantage.

An average agent’s salary is as high as $45,000 per annum. The majority of them earn $65,000 per year, and there are some who earn above $95,000 annually. A real estate agent’s income highly depends on three factors-who they work for, where they are located and the number of deals they closed.

Company

The common place of employment of agents is at a broker’s office. A broker makes money after his agent sells or finds a property for a client. The broker gets 6 percent of the price of the property sold and splits it with his agent. The real estate agent salary is estimated to be around $45,000 to $ 65,000 per annum for those who work under a broker. Agents who work in companies that also have an insurance business on the side earn higher (e.g. those who work in leasing offices and with developers).

Place

The location of properties affects their value and demand. Naturally, the agent’s salary also depends to their location. Agents in New York, Illinois, Vermont and North Carolina earn $65,000 to $85,000 per annum.

Closed Deals

Agents do not have a fixed salary. They receive commissions per successful transaction. An agent’s ability to close deals largely depends on his/her marketing strategy, personality, training and experience. People from all walks in life can become agents if they get training and pass the state licensure exam. People can even enroll in an online program to get a certificate to prepare them for the state exam. It is cheap. For 150 hours online training, you will only spend around $500. For more information about a real estate agent salary, please visit Salary.com.

Licensed Real Estate Agents

Better government policies, increased salaries, and easily available mortgages have improved consumer purchase capacities despite inflation. People would rather pay for their own property rather than opt for rental properties. Many people have also been purchasing property as an investment. Such a situation has proved to be good for the real estate business. Clients could avail of services of licensed real estate agents when contemplating acquisition, sale, rentals or lease of property.

Licensed real estate agents are certified professionals who are experienced in real estate trading. Licensed mediators possess comprehensive knowledge about property they deal in and are well versed with the legalities of real estate deals. Licensed agents are qualified to answer queries associated with property overheads, assessments, and intention of trade. They are conversant about property sizes, repair costs, legal restrictions, and reconstruction of property, if any is necessary.

It is advisable to verify credibility, success rate, and charges of an agent when considering a particular licensed real estate agent. Comparisons between listed professionals help locate agents who are affordable and suit individual needs. Licensed real estate agent listings can be found in the yellow pages, at local estate firms, and online. Clients may also choose to hire professionals that have worked with family members, friends, or acquaintances. Licensed agents may work as salaried employees at real estate firms or may be self-employed as private brokers. Agents working within a larger organization may be salaried employees but are liable to receive additional commissions based upon the volume of business they bring in.

Potential clients may choose to communicate with licensed real estate agents prior to hiring them. It is advisable to clarify details regarding service charges, expenses, and time required for a deal in advance. Licensed real estate agents can provide valuable information regarding mortgage types to potential clients who may be in favor of outright purchases. In addition, they may suggest names of banks and financial institutions that could provide funds upon presentation of testimonials. Apart from operating as mediators between clients, they may also be empowered to negotiate on their behalf if one party is not present at the time of closing a deal.

California Real Estate Agents

Consumer purchase power has increased despite inflation. Easy and hassle-free mortgage plans have helped numerous people pay for their own property rather than opt for rented property. This progressive consumer pattern has been a boon for the real estate trade. Services of real estate agents in California could be advantageous to clients when considering the purchase, sale, rental, or lease of a property.

Real estate agents are qualified specialists who are well versed with real estate trading. Agents have in depth knowledge regarding the property they deal with and are well versed with legalities involved in California real estate deals. Real estate agents may be able to satisfy customer queries related to property costs, appraisal, and motive of sale. They are well informed about property sizes, maintenance costs, and legal restrictions.

In order to select an appropriate California real estate agent, clients may approach any of the real estate firms or private brokers in the locality or online. Agents and clients may be able to discuss specific requirements, budgets, and other legalities at meetings or online. California real estate agents can provide information in relation to mortgage types for outright purchases. They may also recommend names of banks and financial institutions that may provide funds upon the presentation of their credentials.

California real estate agents work through a widespread system and may deal in property all over California or in a certain area within a particular city. They act as mediators for buyers, sellers, and rental agencies. Very often, clients do not meet until a property deal is settled upon. Real estate agents are often authorized to negotiate a deal if one party lives outside California. Real estate dealers prefer to hire agents as it helps in increasing the volume of sale. A number of California real estate businesses hire agents as salaried staff. Agents also receive additional payments for deals closed by them. These commissions are paid from service charges paid by clients.

Talking With Clients: How Real Estate Agents Should Deal With Them

Conversation is a very important aspect when dealing with clients. As a real estate agent, you should know that talking with clients need a language that ordinary people should clearly understand. In cases when terminologies are vague to them, the agent should know how to explain it to them. Respect is one keyword that should form conversations. Yet, do you know that for your talks to be fruitful, you should know 5 common questions to ask your clients.

Are you talking and dealing with another real estate agent?

The real estate industry is very competitive. You’ll see agents here and there doing their homework of getting clients to work with them. But there are unexpected instances when agents become unavailable to their clients for some talks. You might have experienced this too. As a matter of paying respect to your fellow agents, it is just right to ask your clients whether they have talked with other agents. It is not a good idea to steal other’s clients. If the client becomes persistent with talking to you, know the other agent he or she has dealt with. When possible, talk to the other agent informing him that his or her client has reached out. Arrive at decisions that would be amicable to both parties.

How financially qualified are you?

Financial qualification is one of the most crucial element when working with clients. Home purchase involves big cash out. Know his or her work and how much is the monthly salary. Are there any other expenses shouldered by the client’s salary? If the client has a partner, know whether the person is also contributing to the home purchase. Is the client currently paying other debts? If the client is one the serious side of buyers, you can refer him to a trusted lender within your network.

Why is this the right time to buy a house?

This question will extract a lot from your client. The reasons he or she will give will offer insights on priorities. Also, the reasons for buying a house will give an idea of how serious of a home buyer the client is.

What’s the best and worst experience you’ve had with other agents?

To be sure that you won’t be repeating the mistakes of other real estate agents, you may ask your clients the best and worst experiences they had with other agents. Knowing their experiences and stories will help you analyze the best possible ways on how you should talk and deal with them. This way, you can focus on the aspects which the past agents your clients had worked with failed to apply necessary patches.

Your clients come not only in various needs. They also have different personalities and attitudes. Each of them needs to be dealt with differently but always remember to pay respect.

What Your Buyer’s Real Estate Agent Won’t Tell You – Part 1

Buying a house – The realistic approach

This article is not about the secrets of buying a rental property for no money down and half the price of the market value of the house. I am not Tom Vu or Don Lapre and I am not in jail.

In Canada, the no money down home did use to exist, but not anymore. Some banks and/or lenders were willing to lend you the 5% down payment so that you don’t have to pay a dime out of your own pockets to purchase a home. However, given the current financial situation with tighter lending restrictions, there will be no bank or lenders who can do that in Canada.

The buying home for half price did use to exist as well. At one point, foreclosures in Canada would allow foreclosed homes to be sold at rock bottom prices. The new law, which has been in placed for many years now require the homes be sold at the highest possible price for foreclosed homes or else the lenders could be sued. Hence, sometimes foreclosed homes sell higher because Canadians have the misconception that foreclosed homes are a really good deal causing it to have a reverse affect. There have been many people buying foreclosed homes believing they got a good deal and not doing a thorough check as to the actual value of the home.

Now, clearing out the quick money maker myths of buying homes, there are still many things you need to be aware of before starting.

If there exist ever an industry with more sneaky sales tactics and money motivated people, it has got to the Real Estate industry. As a buyer, you could be dishing out $350 000 and everyone wants a piece. The Real Estate Agents want a piece. The lenders want a piece. The lawyers want a piece and the sellers want piece. No wonder there are so many scams in this industry.

The first thing to be aware of is the Real Estate Agent. A Real Estate Agent is suppose to act on your behalf to buy or sell the home. Both the buyer of the home and seller of the home will have their own Real Estate Agent called a Buyer’s Real Estate Agent and a Seller’s Real Estate Agent.

In Canada, each Real Estate Agent gets an average of 2.5% and sometimes 2% for the commission of selling the home. Some Real Estate Agents provide cash back rewards. Canadian Real Estate Agents gets higher commission than anywhere else. In United States, their Real Estate Agents only get 1% of the commission and their homes are actually much cheaper. Even though Real Estate Agents are the least educated of the parties involved in the buying home transaction, they seem to be getting the biggest piece of the pie.

Do not listen to their gimmicks on Real Estate Agents are ethical. (http://www.howrealtorshelp.ca) Where do they get the idea any Real Estate Agent off the street is ethical. Their claim is based on these tests that they pass to become a Real Estate Agent. Agents passing a test does not meant hey are ethical. It only means they can remember enough to pass the test.

One would believe it should be the Real Estate Agent’s job to help the buyer ensure the home is of value. Rightly so, many buyers depend on the Real Estate Agent to protect them and provide them advice and in my opinion, the ethical Real Estate Agent should do that. However, the true reality is that Real Estate Agents do not make money unless if the home is purchased. The reality is that the Real Estate Agent’s salary is not truly dependent on giving you advice. The Real Estate Agent’s job is to get the buyer to buy a home through them so they can get paid!

As a result of this, what ends up happening, are two types of Real Estate Agents with variations in between. The first type is the honest agent with the belief “If I work hard and treat my buyer right, the buyer will come back to buy more homes from me. The second type is the “I need to get the buyer to buy a house quickly so that I can move on to the next buyer (sucker) so that I can maximize my time for profit.” The bottom line is that you are looking for the first type and you want to avoid the second type.

We’ll call the first type, the Bad Real Estate Agent. We’ll call the second type, the Good Real Estate Agent.

So what kind of characteristics does the Good Real Estate Agent have that the Good Real Estate Agent does not have?

1. The first characteristic is Patience. Bad Real Estate Agents will attempt to sell you a home quickly to get the money quickly. Do not buy a house without spending a lot of time looking at several different homes. Be careful of tactics such as Real Estate Agents claiming it is the perfect and acting like a salesman rather than providing you information.

2. The second characteristic is information. A good Real Estate Agent needs to provide you all the information to let you make the informed decision and we are not talking about their opinion. Real Estate’s opinion does not matter. Real Estate Agents have data such as the history of the house being sold at, homes being sold near the area and type. A Real Estate Agent should be able to provide you with a compilation of official documents that tells you these kinds of data to let YOU make an informed decision.

3. The third characteristic is care. You will know this during the actual signing of the contract to purchase the home at a certain price. Once you become interested in a property and want to buy the property at a certain price set by YOU, you have to write up a contract. The contract consist at least three conditions that will null the sale of the home and a security deposit.

The common three conditions are, buyer can get financing, the home passes inspection and the appraisal value of the home is above the price to be purchased. Generally, you will want the lenders to appraise the home so that you know the fair value of the home and the lenders would only lend of you are buying the home at fair market value.

The security deposit is an amount you will provide to lock the home from being sold to other buyers while you perform to checks to see whether these conditions have been met. If these conditions are not met, then you SHOULD get your security deposit back.

The Bad Real Estate Agents will want to you provide very few conditions and a big security deposit. Doing so ensure the home is more likely to be sold.

How Much Can You Make As a Real Estate Agent?

Working a 9 to 5 isn’t getting you where you thought it would… now you’re considering a different path. What you’re looking for is a path that allows you to create your own brand with unlimited growth potential. You’ve noticed that there is a lot of money circulating in the real estate industry and you’re thinking to yourself, “How much could I make as a Real Estate Agent?”

Unfortunately, you are the only one who could possibly know how much you could make as an agent. This is because agents make most of their money from their personal network through referrals and returning business. You see… it’s a snowball effect. An agent with 100 contacts may get 5 sales from that group in a year. If those 5 clients were impressed by the agent then they may refer one of their friends. Those 5 sales could then turn into 5 more and the ball rolls on from there. This is why a career in real estate could take years to establish. If people trust you and are impressed with your knowledge of the industry, then chances are they will be satisfied with you and will sing your praises the next time they have a conversation about real estate. Your business is entirely up to you and the relationships you make. You must become the “go-to” person for someone who has a question about real estate in your area. There are thousands of agents in every city, so the local majority of those looking to buy or sell a home already know someone who is an agent. However, that does not mean that they will ever use that person for a transaction. With a huge investment, like real estate, it takes more than just having your license to get someone to trust you. That’s why the vast majority of agents do not make a living off of their real estate business alone. They may know hundreds of people, but those people don’t think about them when they think about real estate. Add a cheese ball sales attitude and you’re done. No one will use you as their agent and you’ll be forced into another industry.

That being said, there are a lot of factors that determine how much an agent can make. A good market, for instance, makes it a lot easier to make money. The average income of those in your network will determine the average sale price of the homes you sell (if most of your contacts make $60K a year, then you’re going to be selling whatever they can afford and if they make $1million a year then… you get the point). If you are really knowledgeable and a hard-worker, then you’ll get repeat business. If you’re an extrovert, then you’ll make more contacts and thus, sell more real estate. Since this job is a commission-only job, your livelihood depends on factors like these and many more. There are agents that make less than $10K a year, agents that make over a million a year, and everything in between. It absolutely depends on the individual.

If you were hoping for a few concrete numbers to help you… here’s a few:

The standard commission on the sale of a house is: 6% of the sale price (which usually will be split equally between the Buyer’s Agent and the Listing Agent unless the listing agent also represents the buyer).

Brokerage commission splits range between: 50% and 80% of the commissions that you earn (meaning you take 50-80% of your commission home). There are exceptions to this rule, but there is usually a catch.

Typical closing length of a home purchase: takes about 30 days from the date the contract is executed (unless the buyer is paying cash). Obviously, you won’t collect your commission until after closing.

Remember, every single real estate agent determines their own destiny. If after reading this article you still want to pursue a career in real estate, then you may very well have what it takes to be successful because the first lesson you’ll learn in this business is how to deal with discouragement. Everything else is nothing but rewarding in every sense!

Real Estate Agent Goals

When you first enter into the real estate business, it is easy to be intimidated by more experienced practitioners who seem to be able to sell a house at the drop of a hat, often earning hefty commissions as a result. By contrast, you are slaving away with a couple of clients and seem to be getting nowhere fast.

However, it is important to remember that even the best agents had to start somewhere and, as a beginner, you will often be working with properties that those with more experience don’t want to work on. As such, it is important to not only absorb all of the information that you can during these formative years, but to also set yourself goals so that you have a target to aim for and something tangible that will determine whether or not you’re successful.

Overall Sales Numbers

The amount of properties that you are able to sell in a month or a year is related to a number of issues, which include the time and effort that you put into the job and the quality of the properties that you are working with.

Consider all of these aspects and what effect they have on your overall sales goals and then set yourself difficult, yet realistic targets based on that information. This will make you work just that extra little bit harder to hit your goals, allowing you to gain valuable experience along the way.

Sale Prices

The odds are pretty good that your first few sales are going to pull in a little less than the average for the property that you have sold. That’s OK, as this is all part of the learning process and it at least allows you to rack up some numbers and put yourself in line for some better opportunities.

However, it also allows you to set yourself another goal. Consider the types of properties you work with and use the available information to figure out average sale prices. As soon as you can start hitting or exceeding that price, you are on your way to success.

Your Salary

When you entered the industry, did you have a five or ten-year plan for where you wanted you base salary to be after you have gained some experience? If not then it is important that you make such a plan, with milestones along the way, so that you can track your personal progress.

Understand how much real estate agents in your area make after 1, 3, 5 and 10 years in the business and use these figures to determine your own plan. If you are failing to reach the salary that you anticipate, this is a good sign that you need to change something about your approach.

Grow Your Reputation

To start working with some of the best properties, you need to make sure you do things that get you noticed. In the real estate industry, this usually means selling properties. Never underestimate the amount of work you will be doing and always be prepared to rise to any new challenges.

In fact, one of your goals should be to place yourself in a position where you can take on new challenges in the first place, but that will only come as long as you keep networking and building on your reputation.

Real Estate Agent Salaries

The real estate business can be a lucrative job option. However, the job of a real estate agent may not be a full-time career option for a large number of people. Real estate agents earn a cut whenever they successfully close a deal. They do not necessarily have to follow regular office hours, as business opportunities arise when clients approach them. Real estate agents may work as individual entities or collaborate with brokers or real estate firms. In some instances they are hired as salaried employees who receive a pre-determined pay irrespective of targets.

Freelance estate agents are not likely to earn regular paychecks. Most of them may be already earning a fixed salary elsewhere and earnings from real estate deals could be a source of additional income. Such dealers earn in proportion of the amount of income generated through their service when working with a broker or firm. Most single agents are free to decide their service charges based on the type of services provided when they are working independently.

Real estate agents earn commissions based on their business volume. Their commission amount is a set percentage of the money that transfers hands when a deal is made. Such deals revolve around purchase, sale, and rentals of real estate. For this reason, it is easy to understand why agents who are involved in high volume transactions earn a proportionately high income too. Commissions earned from certain exclusive and highly valuable property could equal the sum of several regular deals. It is difficult to put a figure on the amount of money agents earn, as it is dependent on their skill, luck, and commitment to the trade.

It is possible to earn more in bigger cities in comparison to smaller townships and cities. However, gradually real estate in small townships is also boasting of an increase in business volume. Real estate jobs continue to grow at par with other job opportunities since it is an established profit-making venture that brings in profits comparable to salaried jobs.

Real Estate Agent Salary

Real estate agent is sort of broking job. A real estate agent should work out a deal for a property sale between a prospective buyer and a prospective seller. It can be a job of high earning potential. But the real estate agent should work hard to achieve that. A lot of real estate agents work as consultants. It may not be their full-time job. This can be done during the free time of another full-time job. But such juggling of jobs needs high-energy quotient and expertise in time management. Since it is not a full-time job, there is no fixed salary. The real estate agent gets a fixed percent of total amount of land sale from both the buyer and the seller.

There is absolutely no limit for the salary of a real estate agent, when working as freelance consultant. As they say in advertisements, sky is the limit for the salary of land brokers. The harder one works and more sales one engineers, the more will be the money one earns. But for earning a good monthly income, the freelance real estate agents should be highly industrious and have good inter-personal communication skills. In general, real estate agents should be well versed with the value of a property. They should be able to do a quick valuation of the property and should be able to explain the aspects that influence the price of the property and convince both parties about a reasonable price.

There are plenty of real estate firms and agencies that employ real estate agents. In such firms, the agents have a fixed monthly salary. The salary varies from agency to agency. Usually it depends on the volume of business done by the agency. There are some agencies that provide a pay based on the number of real estate sales materialized by a particular employee. In general, the annual salary of a real estate agent, who works in any of the established firms, varies from $25000 to $75000. There are a minority of real estate agents who earn a salary even less than $25000. Some agents working in start-up companies only earn an annual salary of only $10000. Such a large variation of salary can be explained by the fact that some real estate agencies have more business volume than some of smaller fish in the real estate fray.

Also the commission-wise salary and sales-wise salary affect the annual pay. There are some months, especially in the winter months of November, December and January, in which conventionally real estate business are somewhat fewer. So in the case sales-wise salary structure, the salary suffers a dip in those months. But the sales move up from March to September. So will be the salary in those months.