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appraise the values of the properties they sell.

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Q: In some states real estate agents are legally required to?
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What states allow dual real estate agents?

NC allows disclosed dual agency.


Can a real estate broker give a percentage of his commission at closing to a non real estate license?

The answer to this depends on the state in which you live. Often times a broker will give a small percentage of commissions to an assistant for duties performed and that is fine. But in some states a license is required to received an money associated with a commission.


Do developers need real estate licenses?

Most states do not require developers to hold real estate licenses


Can real estate agent's commission be paid by the broker to a corporation?

In most States the corporation would need to be a real estate licensee. Check with your State real estate licensing agency.


Can a real estate agent buy the property they have listed?

Yes, if certain conditions are fulfilled. IT is NOT an optimal situation for either party. In most US states the agent must have a signed disclosure that the seller is aware that the buyer (in this case the listing agent) is a licensed real estate agent and is not representing the seller's interests in the case of an agent purchasing on his own behalf. Most ethical agents regard this as a gray area, because the agents will have so much more information than a non-agent seller. Many agents will not do this type of transaction. If the seller closes and then concludes he did not get a fair price; chances are the seller will complain to the real estate commission. This will result in inquiries and a time consuming process. The best practices solution would be to cancel the listing agreement and have the seller get another agent to represent his interests.

Related questions

What degree do you have to have to become a real estate agent?

In the US, states are in charge of the licensing requirements for real estate agents. There are currently no states which require a college degree to obtain a real estate license.


What states allow dual real estate agents?

NC allows disclosed dual agency.


Do real estate agents retire?

Yes. They are also included in the age of retirement. Though retirement age vary on different states, realtor agents do have a level of retirement age.


What require a license?

There are many jobs that require a license. Barbers, beauticians, security guards, travel agents and real estate agents. Different states have different license requirements.


Is it legally required to wear a helmet longboarding?

That depends on where you are. States/provinces and municipalities decide whether or not a helmet is required.


Who monitors real estate licensing?

The states' department of real estate licensing and commission is the one responsible for monitoring real estate license holders. They are the ones who certifies individuals and gives them a legal license as an active real estate agent in their state. Aside from the states' real estate commission, NAR also helps in regulating these licensed real estate agents.


What jobs require a license?

There are many jobs that require a license. Barbers, beauticians, security guards, travel agents and real estate agents. Different states have different license requirements.


Can I get free real estate training from an agency in town?

In the United States, it is necessary to obtain a real estate license before you can earn money selling real estate. Each state has specific licensing requirements. However, every state requires prospective real estate agents to complete a training course. Furthermore, every state requires prospective agents to take and pass a real estate licensing exam.


How do I get involved in the home real estate industry?

If you want to be a real estate broker in the United States you would be required to have a license. A real estate broker without a license in the United States would be considered illegal and could be sent to jail.


When was the best time for investing in real estate in the US?

Before the economic downfall, and mostly in the years of the 1990's, investing in real estate in the United States was profitable and the best time to invest. The banks were full of inventory with constantly releasing Real Estate opportunities. In the the years of 1990's the real money p Real Estate agents would rent out to produce income, Real Estate agents thus opted to buy Real Estate not land.


In which American states are students not required to wear uniforms?

There are no US states in which students are legally required to wear uniforms, although individual schools or school districts may require uniforms.


What documents are you legally required to have when operating a motor vehicle?

In all 50 states, you are required to provide proof of insurance, registration, and a current driver license for the vehicle you are operating.