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A false statement in an advertisement could subject a real estate broker to a fine of?
$1,000 fine and a one-year imprisonment. section 10140 "false advertising." California Real Estate Law
Real estate broker how long is the school?
This varies from State to State. On average you could expect to be required to obtain around 200 hours of pre-licensing training, Check with your State real estate licensing agency.
Where can one find appraisal on real estate?
"You could get an appraisal on real estate by asking a real estate agency to come to your house and appraise it for you. You will probably have to pay for this service, but it's the best way."
Does the buyer have to pay commission to the real estate agency they use?
This is a good question, but the answer is not always clear. Up scale real estate in high priced areas typically charge for almost anything. As long as you do not sign a contract you are not legally liable to pay commission.
How much money does a real estate agent get from a commission?
The commission may vary from state to state, but the standard amount is six percent. But the commission may be divided three ways, depending on who listed, showed, and sold the property, and who owns the real estate agency. The commission is paid by the seller of the property, not the buyer.A real estate broker is a real estate agent who has additional licensure and is usually the owner of the real estate agency. The broker employs real estate agents (sellers) to list, show, and sell property for the agency, but they work on commission, not salary. When a person decides to sell their property through a real estate agent, they will contact a real estate agency to list the property. The agent who lists the property is the listing agent, but other real estate agents, including the broker, can show and sell the property to prospective buyers, too.The agent who shows the property to the one who purchases it (the agent who 'closes the deal') is the selling agent.This can even be a real estate agent who works for another agency (broker), since it's rather common for one agency to list a property and another one to show and sell it.So, say John Brown wants to sell his house and contacts ABC Real Estate Agency. He speaks to the agent who was listed on the 'For Sale' sign and, after the agent meets the seller and examines the property, they decide on a price for the house, fill out all the paperwork, and it's now on the market. That agent is the listing agent.Then Simon Smith drives by the house, sees it, likes it, and wants to look at it. So he calls the agency who has it listed (ABC Real Estate Agency). But the listing agent isn't available, so another agent shows Simon Smith the house. Simon Smith loves the house, agrees on the price, and buys it. The second agent is the selling agent. In this case, the total commission of 6% on $250,000 is $15,000, and will be divided three ways. The broker will get 2% of the commission, which is $5,000. The listing agent will also get $5,000 at 2%, and the selling agent will get $5,000 at 2%, as well.But if the listing agent had been the one to also show and sell it, they would have received $10,000 commission, and the broker would have received $5,000. And if the broker had listed, shown and sold the house, he would have received the entire 6% commission of $15,000.
What real estate agency is renting out rooms at Dauphin Island?
There only seems to be one real estate agency that is renting out room at Dauphin Island. The name of that real estate agency is Dauphin Island Real Estate.
What would be the best real estate agency in Hawaii?
The best real estate agency in Hawaii is the same as on the main land. It is Century 21. They are the leading real estate agency in the country and are very compatible with other agency's.
Best Real Estate Agency in Bucharest, Romania?
Eugene Estate - Real Estate Brokers in Bucharest and Timisoara
Which real estate agency i have to contact to purchase real estate in London?
There are hundreds of such business in the city
How many agents work at Raleigh real estate?
Raleigh Real Estate is a Remax partnered real estate agency. They can help you with real estate and rental homes in the Raleigh area.
What would be a source of persuasive data in a problem-solution essay focusing on real estate development in a wetland area?
The Environmental Protection Agency would be a source of persuasive data in a problem-solution essay focusing on real estate development in a wetland area.
What are the properties of a real estate agency?
Real property for sale and for rent.
How does one become a real estate agent buyer?
You can become a real estate agent buyer by studying real estate policies in college or law in college. In addition, you can try applying for a real estate agency.
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.
What are the real estate laws in Georgia?
Every Real estate law involves the preparation and negotiation of numerous legal documents. Required disclosure by Georgia Real Estate Law, Brokerage Relationship in Real Estate Transactions Act (BRRETA), to make sure that you are clear on how you can be represented by a Real Estate Broker or affiliated sales person hereafter referred to as "Broker" in Georgia. 1. SELLER AGENCY 2. BUYER AGENCY 3. DUAL AGENCY 4. TRANSACTION BROKER
What small estate affidavits are recommended?
The small estate affidavits are recommended by real estate agencies or a real estate agent. In order to find the small estate affidavits one is recommended to find a real estate agency to find more information about it.
What can a assistant do for a Real Estate Agent within the Real Estate Law?
An assistant can help a real estate agent by organizing and maintaining transaction documents, coordinating communication with clients and other parties involved in transactions, conducting research on properties, and assisting in the preparation of legal documents required for real estate transactions.
