Each state has its own requirements when it comes to becoming a licensed real estate agent. Most commonly it involves few classes and a written exam.
The seller must always disclose this incident.
It's not years of education, it's a prescribed course by the state of California that you must pass, then a state test that you must pass. Once becoming a Agent you must keep your license up by continuous education and fees.
A real estate agent or realtor is a person licensed within a specific state to help people either sell their property, or to act on behalf of others to try to purchase property. The real estate agent is usually formally trained through taking real estate classes (though some have on the job traininginstead), and then must usually pass examinations that allow him or her to become licensed. Though you can buy property or sell your own property without an agent, there are so many laws that apply to this process, that many find employing a realtor is an easier process. Employing a real estate agent also means that your property, when you're selling, will be listed and advertised by the company or agency for which the realtor works.
"In order to get a job as a travel agent, an individual must have at least completed a high school education. Vocational training is highly recommended and classes are offered through the Travel Institute and can result in several types of certifications."
An FBI agent must have a degree in either accounting, computer science, or information technology. They must also work in the law enforcement field or be a part of the military to e an FBI agent.
A Realtor is paid a percentage of the sale of the property. Each Realtor can charge a different commission and it depends on the amount the property sales for how much they receive. However, there is a Realtor on each side of the transaction, one for the buyer and one for the seller unless the listing agent is doing both side. Even if one Realtor did both sides they would not receive the total commission unless they were the broker for the realty company itself. So a Realtor may only receive a small portion of the commission depending on how many parties are involved in the transaction. Overall a Realtor makes a percentage of the total amount of house they sell in a year. Example if they sell a $100K house and the percentage is set at 7% as a general rule the listing agent would get 3.5% and the buyers agent would get 3.5 percent. Then the Realtors 3.5% is further divided by whatever % the broker gets and what remains is what the Realtor gets. As most Realtors are independent agents all of their expenses and taxes must come out of the percentage that is left over.
Generally, no. The realtor must honor the terms of the first contract. A legally binding contract is enforceable in court.
College degrees are not required to become a real estate agent. However, one must possess a high school diploma or GED and must meet other qualifications that vary from state to state.
The beginning stair is that each real estate broker must choose to get a genuine estate agent include a state approved school or course of study. You perform it without a genuine estate agent cannot. This real estate you need to conduct the exam. The division or classes cost money, only you get sponsored by a local Realtor to be able to act for you by their interest can serve.
The realtor, themselves, must be the aggrieved party in the action. They can file a civil case with the Clerk of the Court just like anyone else who has a civil cispute.
You must go to the secret Agent HQ. And to go to that place, you must be a secret agent.
You must take accredited real estate course in order to get a Realtor license equaling 70 hours of coursework which you can do at your own pace which prepares your for the exam. If you fail the exam twice, you must repeat the entire course.