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 it recommended to hire a CPA for business taxes?
Many experts recommend that you hire a CPA for business taxes instead of hiring an accountant without the CPA designation. A CPA is qualified to represent you if your business is audited by the IRS; an accountant who does not have the CPA designation is not eligible to handle this task. Also, CPAs must maintain state licensing; keeping this license current requires them to stay abreast of tax laws. This gives them a command of the tax code that can help your business minimize its tax burden.
An audit is a process in which the accounts of a company or an individual are officially inspected to ensure that financial representations made are accurate and within the letter of the law. With organizations, an audit may be done internally by an employee of the company, or it might be handled externally by an outside auditor. Audits can also be conducted by the IRS, which is typically done to make sure that the reported amount of tax is accurate.
CPA stands for certified public accountant, and this professional may be hired by an individual or by a company. A CPA may oversee budget and financial management, or maintain a company's financial records. They might act as consultants, tackling things such as compensation and benefits. Also, CPAs may assist a company with fraud prevention and strategic planning.
Is it necessary to hire a CPA for personal taxes?
It's not always necessary to hire a CPA for personal taxes, but doing so brings certain benefits. A CPA possesses useful experience and training in tax preparation, and might be able to share tips that can help you reduce your tax burden. If you have a complicated tax situation, a CPA will be able to help you navigate your return in a way that drastically reduces the risk of an error that could potentially trigger an audit. Hiring a CPA to prepare your return might also save you time.
What type of education does a CPA receive?
When it comes to educational requirements, CPAs must hold at least a bachelor's degree, and they must have no fewer than 150 semester hours of formal schooling. Also, CPA candidates must obtain a passing score in the Uniform CPA exam. This exam is prepared by the American Institute of Certified Public Accountants.