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Many Realtors are now becoming licensed contractors. This way they can buy forclosed homes for pennies on the dollar and remodel or make repairs as their own contractor and still sell at a very good profit. Homes will continue to sell. The value of the homes is what has gone down. If you buy right you can still sell right.
What else can I help you with?
Did the housing crisis greatly affect realtors?
Realtors lose money when the housing market is weak.Many real estate brokers lost their jobs as there were not enough sales for all of them.
Where do realtors make the most money?
Realtors typically make the most money in high-cost housing markets, such as major cities or affluent neighborhoods where property prices are higher.
What will baby boomers spend their money on?
They blew it all on housing and caused the crisis. Any money left will be spent on healthcare.
How do realtors make money on rentals?
Realtors make money on rentals by charging a commission fee, typically equivalent to one month's rent, from the landlord for finding a tenant and facilitating the rental agreement.
What are the details of Obama's 275 billion dollar Housing Crisis Plan?
He is going to give a cirten sum of money to each state depending on their needs. The state will create jobs in the housing industry with that money and the jobs will build more houses causing the supply to be greater then the demand causing the price of houses to go down.
How much money do realtors earn?
Realtors earn anywhere from 25,000 dollars a year to millions of dollars a year for high listings. They typically earn 3 percent of every sale and 3 percent if they are a buyers broker.
How do you stop financial crisis?
There are a few ways to stop yourself from having a financial crisis. Watching your spending, budgeting your money correctly, and having money in a savings account, can help prevent a financial crisis.
What must realtors do in cash transactions to ensure compliance with regulations?
Realtors must follow strict regulations in cash transactions, including reporting any cash payments over a certain amount to the authorities to prevent money laundering and ensure compliance with the law.
What as The Omnibus Housing Act of 1965?
provided money for low-income housing.
What is the future value of your money?
the amount of money you will have at a specified date in the future
How do you prevent financial crisis?
You dont waste your money..
How much do realtors make a year?
Mean hourly wage is $25.55, according to the Department of Labor. But average annual salary depends greatly on what market you're in and how much you work. With a job like this, you can work part-time or every day if you want. Here is a link to real estate agent prelicense training, if you're interested in becoming a Realtor in your state.
