1 / 12

Real Estate

Real Estate. Real Estate Broker. Different types: Dual or limited agency Transaction brokers Agency relationships with clients versus non-agency relationships with customers Real estate broker (or, in some states, qualifying broker)

khuyen
Download Presentation

Real Estate

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Real Estate

  2. Real Estate Broker • Different types: • Dual or limited agency • Transaction brokers • Agency relationships with clients versus non-agency relationships with customers • Real estate broker (or, in some states, qualifying broker) • Real estate salesperson (or, in some states, Real estate broker) • The difference between salespersons and brokers

  3. An example of Broker’s are these guys from the TV Show Million Dollar Listing.

  4. How they get paid • Real estate agents and broker get paid through a commission. The property that they are selling is sold for a certain amount of money which is then taken and 7% is used for commission for the Real estate/broker’s pay. Broker’s can shuffle how much they want to have as far as commission goes. An example of this would be Homeowners ask agent Mary to sell their house for $200,000. Mary works at Superlist Brokerage. There is agreement on 7 percent commission. Frank, a selling agent at Bigbuy Brokerage, brings his clients to see the house and they purchase it for the asking price. The total commission will be $14,000, taken out of the sales price at the closing. In this case it is divided evenly between Superlist and Bigbuy. Mary, a highly successful agent for Superlist, receives 75 percent of the brokerage's $7,000 commission, or $5,250. Frank, a beginning agent, receives 30 percent of Bigbuy's $7,000 commission, or $2,100. 

  5. Specific Education • Most states do not require a college degree to get a real estate license. You just do a class and then take a state exam. In my home state, the initial class in a 75 classroom hour program, which will get you a provisional broker's license (assuming you pass the state exam). After that, you take three 30 hour courses to graduate to a full broker's license.  • It’s a great addition for a real estate’s career if they have a Business Degree. The more education is the better because you want to be prepared for you career and hopefully be very successful in doing it.

  6. The job • This career would appeal to people who are ready to have a fun time. It’s a very stressful job but there are many benefits. The career are for people who love to sell properties and to socialize with competition and employers. The job would be appealing to people who like to get dressed up and fancy for their everyday job.

  7. How they work with Other Competition • Many different Real Estate/Broker’s use their competition as an asset. In today’s market, it’s quite difficult to work alone. Many Brokers use their competition to their advantage. For example, if one broker has a property in which they are selling, they can talk to other brokers and find clients who are interested through them. The competition in Real Estate is quite high because as a Broker who have to finish things as quick as possible. If you don’t do your job properly, your employer will replace you as soon as possible with your competition.

  8. Skills • How to pre-qualify real estateclients to be sure they are ready to buy • How to tour properties with your clients • How to help real estate buyers determine an offer price • How to presenta real estate offer that is most likely to be accepted • How to present your real estate services to potential sellers • How to stage a home to sell more quickly • How to market a home for sale using: • The Multiple Listing Service (MLS) • Fliers and print ads • Virtual tours • How to host an open house (they're not really about selling that property!) • How to handle offers and counteroffers on your real estate listing • How to close the transaction • Common problems and how to avoid them

  9. Why would someone want this job? • This certain career is in high demand in today’s Real Estate market. Cities such as New York or Vancouver are promising places because of they home markets. New York’s and Vancouver’s properties are some of the most expensive in Northern America. It’s a booming market and many people are becoming Real Estate agents.

  10. Supplies Needed • How to select the supplies and equipment you'll need as a real estate agent • A checklist of emergency "on the go" supplies to keep in your car • Choosing the right real estate office for you • Determining your needs: • A list of important questions to ask the office manager or broker • Negotiating commissions and compensation • Developing a professional image as a real estate agent • Creating a professional portfolio to show clients (even before you start working)

  11. Bibliography • Works Cited • "How much do commercial real estate brokers/agents make per year? - Yahoo! Answers." Yahoo! Answers - Home. N.p., n.d. Web. 10 May 2012. <http://answers.yahoo.com/question/index?qid=20090502010912AA7cIE7>. • "Million Dollar Listing." MDL. N.p., n.d. Web. 3 Jan. 2012. <static.tvguide.com/MediaBin/Content/120312/News/3_wed/120314mag-Lorber1.jpg>. • "REIC." REIC. N.p., n.d. Web. 16 May 2012. <http://www.reic.ca/en/home.cfm>. • "Real estate broker - Wikipedia, the free encyclopedia." Wikipedia, the free encyclopedia. N.p., n.d. Web. 10 May 2012. <http://en.wikipedia.org/wiki/Real_estate_broker>. • MLA formatting by BibMe.org.

More Related