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.
Can a notary public refuse to notarize?
A notary public is required to refuse to notarize in cases where the signer doesn't meet certain qualifications for notarization. This would be the case if the signer isn't physically present for notarization, or if the signer cannot be properly identified. A notary must also refuse to notarize if the document doesn't meet certain qualifications. This would be the case if a document has missing pages or blank spaces that haven't been completed by the signer. A notary can also refuse to sign if there is a suspicion that the document is false or illegal, or if the signer refuses to pay the required fee.
However, a notary public cannot refuse to notarize based on bias regarding the signer’s nationality, religion, race, age, sexual preference, lifestyle, gender, or disabilities.
Can a notary public notarize across state lines?
A notary public is allowed to notarize across state lines. For example, if a document is created in California and the signer travels to New York, the law allows the document to be notarized by a notary operating out of New York. However, while a notary can sign and stamp documents that were created out of state, notaries cannot physically travel outside their state of commission to notarize a document. For example, a notary who has been commissioned in the state of New York is not legally allowed to provide notarization services while visiting California.
What is a notary public bond?
A notary public bond is a surety bond that protects those who are having their documents notarized. This bond is required by some states, and it provides a financial guarantee that protects signers in cases where the notary is guilty of misconduct or fraud. If fraud or misconduct has occurred, a notary public bond with reimburse signers up to the bond's limit. Notary public bonds do not shield the notary, and if the bond pays damages to the signer, the notary will have to reimburse the bonding company for the amount paid.
What is a notary public affidavit?
A notary public affidavit is a sworn or affirmed written and signed statement that has been witnessed by a notary. This is a legally binding document, and if you sign an affidavit that contains false information, you could be charged with perjury. When signing an affidavit, your signature must be witnessed by a notary or a public official who has the authority to administer oaths. A notary public affidavit must be signed and sealed by a notary.
What does it mean to have a document notarized?
Having a document notarized means that the identity of the person providing the signature has been confirmed by an impartial third party. Notarization also confirms that the signature was provided freely and willingly, and without any type of duress. Notarized documents may be identified by the notary's signature and seal.