About 10 years ago, being a real estate agent was a pretty popular profession. Houses were selling like hotcakes, and to the casual observer, it looked like an easy way to make money. Once the bubble burst and real estate values started to slide, that quickly took the bloom off the rose for those who thought being a real estate agent involved little more than planting a sign in the yard, going to settlement and cashing your commission check. In reality, the job of a real estate agent is one that involves a wide variety of skills and lots of hard work with no guarantee of any financial reward. But, now that we're seeing the restoration of some stability in the housing market, people are once again considering a career in real estate. So, exactly what is required and what does it cost to become a real estate agent?As with many other professions, real estate agents are licensed by the State, and the Maryland Real Estate Commission has set forth some specific requirements for obtaining … [Read more...] about Realities of Real Estate: What it takes to become a real estate agent
What you need to become a real estate agent
Who regulates real estate agents?Most people probably don't realize that real estate agents aren't employees, but rather they're independent contractors.As such, they must be affiliated with a broker to do business, but beyond that, agents pretty much run their own show, just like any small business. This gives agents a fairly large degree of autonomy with respect to how they operate and play the game.But, don't think for a minute that real estate agents are free to do whatever they want. There are a multitude of regulations, laws and other agreements that restrain agents from unethical or illegal behavior.Even so, as with any profession, there are still those knuckleheads out there who think they can pull a fast one.In most cases the damage they do to their own reputation is sufficient to shut them down.In the world of buying and selling homes, an agent's reputation is the life blood of a long career and essential for financial success. Not only is character an area of concern for … [Read more...] about Realities of Real Estate: So who regulates real estate agents?
Feature Competing claims to the land at Wailua are rooted in an historic fraud perpetrated by a notorious swindler and facilitated by the president of the Provisional Republic, presenting challenges to the legality of the deed held by the Coco Palms Hui. Will Caron in ʻAina February 23, 2018 06:32 PM “Yesterday, they came at 7 in the morning: sheriffs, Kauaʻi Police Department (KPD), plus they even flew in United States Marshals. They had no paperwork to show us what all of this was about. They blocked the highway roads so no one could see what was happening here,” says Charles “Kamuela” Hepa. Hepa is one of the kiaʻi—the caretakers—watching over the land at the mouth of the Wailua River; land that a group of developers is claiming belongs to them. “I rushed to the court house in Līhuʻe and asked for paperwork regarding the action, but the clerks could produce no such document.” Hepa continues, … [Read more...] about Everything you need to know about the Coco Palms eviction, part 2
Buying or selling a home can be as trying as it is gratifying.“My philosophy is every house sale is very important to that person,” says Brian Frere of Keller Williams Realty. “In most circumstances, the sale or purchase of a home is probably the largest personal financial transaction that person goes through in their life.“It doesn’t matter to me if someone is selling a $49,000 house or a $1.5 million house, to that particular person or that family, that is a huge deal. I want to be there to make sure we can do everything we can for them. Quite frankly, the person selling or buying the $49,000 house, that’s probably a bigger, more stressful, important deal to them.”A total of 5.51 million existing homes were sold in the United States in 2017, according to data from the National Association of Realtors. In addition, 612,000 new homes were sold last year, according to the U.S. Census Bureau.With that much money changing hands annually, the Tulsa … [Read more...] about What’s great in 2018? Real estate agents talk hottest home decor styles, trends
Last Updated Jan 11, 2010 10:36 AM EST At first glance, the failure of Congress to plug the 2010 estate tax loophole appears to be good news for children of ailing rich parents — and of little consequence to everyone else. But in fact, by letting the tax lapse, Congress has created a bunch of unintended consequences and increased the chances that you will owe taxes on an inheritance. Yes, the perverse result of the disappearing estate tax is that some people of lesser means may owe capital gains taxes on inherited assets. What's more, since many wills and trusts are written on the assumption that the estate tax exists, a will that made sense last year (or any other year, for that matter) could result in your surviving spouse getting shut of your estate. The Basics Here’s what you need to know about the estate tax, and how to protect yourself and your heirs, at least until Congress takes action. Both the estate tax and the generation-skipping transfer tax (on assets … [Read more...] about Estate Tax: What You Need to Know for 2010
Entrepreneurship means exploring unknown paths, and sometimes that leads a founder somewhere different from where they started. Jason Feifer Published 9:00 am, Wednesday, March 14, 2018 Photo: David Paul Morris | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: David Paul Morris | Getty Images To Survive, Sometimes You Have to Let Go of Your Vision -- and Ego 1 / 1 Back to Gallery Glenn Kelman thought of himself as a software guy. He loves software. He co-founded a company called Plumtree Software. “When I applied for a passport or had to fill out my tax forms, I wrote down that I was a software entrepreneur,” he says. So when he became CEO of a real estate startup called Redfin, he had a natural direction: “I wanted to solve every real estate problem with software.” … [Read more...] about To Survive, Sometimes You Have to Let Go of Your Vision — and Ego
Buying a home is complicated, expensive and time-consuming. Most buyers and sellers welcome help from a real estate agent to walk them through the process, handle the paperwork and fight any battles that may arise. “How often does a buyer go through the home-buying process? Maybe two or three times in a lifetime. How many times does a good agent go through the process? Twenty or 30 times a year. Why would anyone buy a home without an agent?” said Sara Rubida, a Long & Foster agent. Since the commission for the buyer’s agent is typically paid by the seller, “it’s penny-wise and pound-foolish for a buyer not to use an agent,” Rubida said. But in an age of Redfin, Zestimates and online contracts, isn’t all the information you need on the Internet? Seriously, why use an agent? Time, for one thing. “While people are at work, we’re working: coordinating with lenders, title companies, insurance companies, surveyors, home inspectors, … [Read more...] about Buying a home? Let a real estate agent guide you to your destination.
We've chatted with experts from coast to coast to get their consensus on the top interior design trends we won't miss in the new year. Holly Amaya, provided by Published 3:00 pm, Thursday, December 14, 2017 Image 1of/1 CaptionClose Image 1 of 1 Out With the Old: The 10 Tired Interior Design Trends You Need to Ditch in 2018 1 / 1 Back to Gallery Figuring out what makes for good design is an admittedly subjective exercise: Ask a dozen experts their thoughts on, say, why faux Mid-Century Modern is still popular in American interior design long after "Mad Men" has left us, and you'll likely get a dozen different opinions. Nevertheless, some home design trends manage to rise to mass acceptance. Thanks to unstoppable forces like HGTV and Pinterest—which might be single-handedly responsible for the misguided installation of thousands of sliding barn doors over the past few years—these trends tend to take … [Read more...] about Out With the Old: The 10 Tired Interior Design Trends You Need to Ditch in 2018
Russia, Ukraine, China, Syria, Iran, the Central African Republic, Cuba? Doing business in those places is risky but full of opportunity. Robert Courtney Published 11:30 am, Wednesday, January 24, 2018 Photo: Sam Hodgson | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Sam Hodgson | Getty Images When Doing Business in Countries That, Um, Don't Like Us, Here's What You Need to Know 1 / 1 Back to Gallery Expanding your business into a foreign market that is occasionally or full-on hostile to the United States poses problems that can limit your success. Here, I'm talking corruption, potential non-payments and currency risks, for starters. Related: 17 Things You Need to Know Before Doing Business in Cuba Then there are the endless bureaucratic obstacles you'll face, the ever-shifting regulatory and tax … [Read more...] about When Doing Business in Countries That, Um, Don’t Like Us, Here’s What You Need to Know
For Palm Beach County, late January means it’s almost time for an annual influx of seasonal residents, all of them quite athletic and many of them quite wealthy: baseball players.With the Marlins and Cardinals based in Jupiter, and the Astros and Nationals based in West Palm Beach, upward of 200 major league spring training attendees — not to mention dozens of other team employees and hundreds of other minor leaguers — will descend upon the county’s northeast corner by mid-February for about six weeks.For Meyer Lucas Real Estate, late January means the phones are always ringing and the computers always dinging. MLRE, a team of 12 agents led by founder/president Holly Meyer Lucas, has a reputation for serving baseball players and other high-profile sports figures. And many of those incoming seasonal residents are still in need of a place to plunk down for the spring, even in this late date.Of those still looking, half are players and their families who only just … [Read more...] about Meet the baseball-wife-turned-real-estate-agent who helps players find places to live in Palm Beach County