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.
What does a sexual harassment attorney do?
Sexual harassment attorneys can prosecute or sue on behalf of victims of sexual harassment. Lawsuits can be filed against individuals and/or entities such as businesses or corporations if they are actively involved in, or complicit in, sexual harassment. They can also represent defendants who might be wrongly accused of sexual harassment--and that defense can even involve countersuits for issues like defamation of character. False accusations are illegal and can be extremely damaging and prosecutable.
How much does an estate attorney charge?
There are three main ways estate attorneys can charge for services: an hourly rate, a one-time flat fee, and a percentage based on the value of the estate. There can still be variables based on the size of the estate and complexity of the job. Filings, and other fees, can also influence the costs. It’s a good idea to consult with at least one estate attorney to understand what to expect from their specific services and rates.
What is an estate attorney?
An estate attorney specializes in estate planning and laws. Generally they assist the client (or estate) in planning a will or trust, and can navigate all the laws, legal paperwork, and filings involved. They understand how to create the most financially advantageous position for the estate client as far as estate taxes. Unless you are knowledgeable in estate laws, it’s highly advised to seek some form of guidance when estate planning.
A living trust is a legal entity that is set up to provide property and asset management during the lifetime and after death (or incapacitation) of the holder of the trust. These are drawn up and documented by a lawyer and are legally binding agreements. The living trust will identify the successor upon death and any other specifics the living trustee designates. Living trusts are used while the person is alive and lay out the details to be carried out for the trustees upon their death or incapacitation.
What is a revocable living trust?
A revocable living trust (or just “living trust”) is a legal entity that is created to hold ownership of an individual’s property and assets. The person who forms the trust is called a grantor or trust maker. Often they are responsible for managing the trust, but that task can also be assigned to an attorney or someone else to manage. That person will then act as the trustee. A revocable living trust covers all aspects of the trustee: their lifetime, potential incapacitation, and post-death. After the trustee’s death, the trust is then handed over to a new trustee or liquidated.