Tips & Advice
What types of service do real estate agents provide?
Agents provide a wide range of services that can help you make a speedy and profitable real estate transaction. Real estate agents can assist sellers with marketing their homes, and this includes things like coordinating open houses and scheduling photography that presents the home in an appealing manner on real estate websites. Agents can assist both buyers and sellers with all aspects of the negotiation process, with the aim of helping to maximize profits on the transaction. Finally, agents can also support both property managers and tenants with property rental.
How long does it take to become a real estate agent?
It's possible to get the licensing you need to become a real estate agent in just a few weeks. Some states require you to take pre-licensing coursework, and this can range from 45-75 hours or more. If you choose to train for licensing at a real estate school, the educational requirements can usually be met in four to six months. Online real estate schools are also available, and these allow students to proceed at their own pace. At an online school, a motivated student can complete the coursework necessary for licensing in a few short weeks.
What is the difference between a real estate agent and a broker?
There are key differences between a real estate agent and a broker. A broker is typically an owner of a firm or franchise, and these professionals handle such tasks as setting up earnest-money accounts and approving final contracts. Agents are employed by brokers, and they split their commissions with these professionals. Relative to agents, brokers typically have to deal with more exams and a larger course load to obtain licensing.
How can someone become a real estate agent?
To become a real estate agent, you'll need to prepare for and pass a licensing exam. Pre-license education hours may be required, and the exact amount varies from state to state. Once you've passed the exam, the next step is to connect with a real estate broker. Agents act on behalf of a broker, and are not allowed to handle real estate transactions independently. The broker will assist in completing the final paperwork that will allow you to manage real estate transactions in your state. Some states require a broker to sponsor an agent prior to the agent's licensing exam.
What is a real estate agent?
A real estate agent is a professional who represents clients who are purchasing, selling, renting, or leasing property. Real estate agents need to be licensed in order to practice. These individuals usually work solely on commission, so it's necessary for them to close deals if they hope to generate income.
Is assisted living the same as a nursing home?
An assisted living facility is not the same as a nursing home. Nursing homes provide skilled nursing care for those who suffer from conditions or disabilities that call for intensive, ongoing medical assistance. Assisted living facilities typically cater to seniors who need less medical care and who require a living situation that provides more independence than is typical at a nursing home.
However, some assisted living facilities also provide skilled nursing care for residents who need it. At several locations around the country, you can find independent living, assisted living and skilled nursing facilities all on the same campus, allowing residents to make a smoother transition from one to the other.
How much does it cost to live in an assisted living facility?
The cost of residing in an assisted living facility can vary based on location and the size of the unit being rented. The national median average for renting a one-bedroom apartment in an assisted living facility comes in at around $3,500 per month.
If you have long-term care insurance, this coverage will usually assist with the costs associated with residing in an assisted living facility. Some seniors who don't have long-term care insurance cover the costs associated with assisted living by selling their homes. In cases where a couple owns property and only one person in a couple requires assisted living, the partner who is remaining at home will sometimes take out a reverse mortgage on the property to cover costs.
What services are provided in assisted living facilities?
Assisted living facilities provide a wide range of services that can help seniors who have trouble handling tasks related to basic self-care. These facilities can provide daily meals, and assist with bathing, grooming, and toileting. They can help with basic housekeeping and laundry, and they also provide 24-hour security that creates a safe environment for seniors. Assisted living facilities can also provide seniors with easy access to transportation, and offer social programs that can help give seniors a sense of community.
Is assisted living covered by Medicare?
Medicare doesn't typically cover costs directly associated with assisted living. However, Medicare might be used to pay qualified healthcare costs for someone who is staying at an assisted living facility. These costs may include expenses associated with doctor visits and prescriptions.
While Medicare doesn't usually cover assisted living, it typically covers the costs directly associated with staying in a skilled nursing facility (also known as a nursing home). Medicare also commonly covers the cost of hiring a professional to provide home health care.
What is an assisted living facility?
An assisted living facility is a residence that provides long-term care and support for seniors, while allowing them to live more independently than they would if they were residing in a nursing home. These facilities can provide seniors with regular meals and assist with tasks such as bathing, medication management, basic housekeeping, laundry, and getting dressed. Assisted living facilities also provide round-the-clock security and assistance with transportation. Some assisted living facilities provide access to skilled nursing care for those who need more intensive medical support.