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In residential contracts in the US, the buyer pays for the appraisal which is required to obtain a mortgage. Some contracts may be negotiated that a portion of the closing costs are seller paid on behalf of the buyer which could include the appraisal in the final accounting.

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11y ago

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Who does a real estate worker work for?

A real estate worker who is not a real estate agent can work for themselves and be a subcontractor or work for a real estate office(broker) and work directly for the owner. The difference will be how this individual pays taxes and gets paid. So there is a difference in your worker relationship. This is established when you are hired.


In real estate what is GLA?

Gross leasable area. A commercial real estate lease that the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance.


What is real estate taxes?

In Michigan if there is delinquent taxes on a home and property and an outsider pays the taxes do they take over title to the home and property.


Who pays for the real estate agent?

Some real estate agents are paid through commission. While some have a fixed salary that they get whenever they sell or not, with commission as well whenever they are able to close a deal. The subject of salary for real estate agents actually depend on the system that they are into. Are they independent agents? Are they working under a brokerage? A real estate company? Etc.


How long is real estate course in Texas?

The fastest way to finish your real estate course is through online real estate schools. Texas Real Estate Commission (TREC) requires 210 hours of real estate education for you to be a licensed real estate agent. If you have college credit then all you need is 150 hours of real estate education. I have attached some useful reference that you can check out if you want to pursue a career in real estate.

Related Questions

Who usually pays a real esate agent a commission?

In US residential real estate the Seller pays the real estate agent's commisssion.


Who is the optionee in real estate?

The optionee is the person who pays the optionor for the right to buy a certain piece of real estate which the optionor owns.


Who does a real estate worker work for?

A real estate worker who is not a real estate agent can work for themselves and be a subcontractor or work for a real estate office(broker) and work directly for the owner. The difference will be how this individual pays taxes and gets paid. So there is a difference in your worker relationship. This is established when you are hired.


Who pays real estate rental commission?

You need to check any contract you signed to find your answer.


What if your home is destroyed and you have a reverse mortgage who pays the real estate tax?

You do.You do.You do.You do.


Who is responsible for home inspection in a real estate sell?

The interested buyer usually pays for the properties inspector.


Is it required for seller to prorate real estate taxes?

Real estate tax laws in the United States vary state by state. However, I do not know of any state that requires the seller to prorate real estate taxes. Instead the proration of real estate taxes is local custom and generally written into an agreement to buy or sell real estate. Contractually, upon agreement of the parties involved, the real estate taxes are generally prorated so that whoever owned the real estate during the calendar year pays for that same portion of the real estate taxes.


Who pays real estate broker in Florida?

The seller. Often the real estate commission is paid by the seller as part of the listing agreement. However, real estate commissions are negotiable and depending on the services provided by the agent representing you, there may be other fees in addition or in lieu of a real estate commission. It is strongly recommended that you discuss the issue of fees and commissions at the time you contact a real estate agent to represent you.


Does the seller pay the real estate commission?

YES, seller pays it to the brokerage(s) at closing, out of the proceeds of the sale.


Who pays taxes on a condo in Staten Island ny?

Usually an owner pays property taxes on real estate property s/he owns. Depending on the tax, there may be another answer.


In real estate what is GLA?

Gross leasable area. A commercial real estate lease that the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance.


Who is responsible for paying the transfer tax in a Florida commercial real estate transaction?

It depends on if it was mentioned in the purchase offer. In the state of Florida the seller commonly pays for the deed transfer taxes but there is not a mandate on who pays it.