In many countries, including South Africa, property is a pretty lucrative industry, especially in developing areas. What most people do is buy old or dilapidated houses in developing areas, fix them up and resell them. The other alternative is to rent them out. Property brokers earn large commission from home buyers and sellers all together.
The most common source for real estate profit is the appreciation - the increase in the value - of the property in question. This is achieved in different ways for different types of real estate. And, most importantly, it is only realized through selling or refinancing.
Real Estate
The median annual earnings of real estate agents were $30930 in 2002.
In some cases, real estate agents are employed by, and paid a salary by, their broker.
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Now days several people want to become real estate agents because of the independence and expected income they can make. Real estate agents can make a lot of money, but the average income for a real estate agent is only $39,000 a year. There are many reasons the average income of real estate agents is low, one of the biggest reasons actuality many agents only work part-time. The average income for a full-time real estate agent is over $54,000 a year.
Real Estate is considered equity, not liquid.
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There is a government grant site that people can use to look up how and where to apply for grant money for real estate. Your local HUD chapter also has information on real estate grant money.
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