Also, what is the difference between a real estate agent, realtor, buyers agent, and listing agent?? Cant a real estate agent and realtor be a listing agent and buyers agent? I am SOOO confused?
A real estate agent is a person who list and sells houses
and a realtor is basically the same thing, But when contact a realtor, its an office and you usually ask a question about real estate, You ask I am calling about a house I am interested in looking at and I need to speak to an agent. The receptionist will pass you to an agent which is a realtor, Now it mostly one in the same. Now this agent works for a Real estate Broker. Which has a different kind of license than an
a real estate agent. In other words when you walk into a real estate office and you see several desk with
a person behind each one you just walked into room of realtors.
What is the difference between a real estate agent and realtor?
Should first time home buyers use a realtor or save their money and DIY?
Case in point: my fiance and I are preapproved for a mortgage of "X-amount". I’m pretty savvy when it comes to finances, but I’m having a hard time finding homes which are suitable for our needs. Should I bite the bullet and pay a realtor to help me find our dream home? Or just keep searching on my own and save the realtor fees?
Case in point: my fiance and I are preapproved for a mortgage of "X-amount". I’m pretty savvy when it comes to finances, but I’m having a hard time finding homes which are suitable for our needs. Should I bite the bullet and pay a realtor to help me find our dream home? Or just keep searching on my own and save the realtor fees?
As for the cost of inspection, I’m not sure if the seller pays for it or not. I know that the third party fees include: appraisal, title, inspection, recording fees, taxes, and I think surveys too. I’m not 100% sure who pays for all of these, I’m just going to assume the buyer does so that I’m not guessing my cost too low.
Unless you plan to build, I’d use a Realtor. Fees can always be negotiated, and a good realtor can take care of negotiating away some of the detail fees you mention above.
You need to interview realtors to find out if they WANT the job – many will simply go through the motions. Since I’m not in the biz, and don’t know where you live, let me put an ethical, hardworking realtor’s email below – he’ll take the time to answer your concerns, and if you like, he can refer you to someone in your area – for you to audit. Always stay in control, and NEVER sign agreements with realtors – you can always find another one, and eventually, you’ll find a good one that won’t push you for contracts.
If you want to build, skip the realtor and get a lawyer instead.
What happens if a realtor dies during a transaction?
I’m a realtor, and I sold a house to a client a few weeks ago. It will close in another 2 weeks from now. Suppose I die between now and scheduled closing. Would the sale fall through, or would my employing broker be re-assigned as the buyer’s agent?
The sale is really with the broker, you are jusst an agent of his.
He would have to finish the transaction himself, he can not legally delay it because of this.
There is no re-assign here, it was always the brokers deal.
What are some important agencies its important for a Realtor to be a part of?
Speaks for itself. What are some important agencies or clubs that its important or beneficial to be a part of, if your a Realtor or real estate agent?
Other than the standard associations that come with being a Realtor (NAR/your local and state associations), I recommend joining networking groups. Some agents are members of country clubs and chambers of commerce, which help circulate their name. Being a Realtor is about promoting yourself – not your business – so any way you can find to get your name out there, the better off you’ll be.
Becoming a realtor a rewarding career, what are the pluses and minuses of this business?
I know there is a substantial out of pocket start up fees and evenings and weekend work. What other pluses and minuses are there? I am very interested in becoming a realtor.
The pay is commission which can vary each month like crazy. One month you make $6000 and the next lucky to make $2500. Getting clients to sign with you is the first hurdle, second is actually selling their property (or finding one for them). How creative you are, how much time and effort you can donate to each client will determine your numbers and success. One problem for many realtors is they fail to talk to their selling clients about making the house saleable. This means getting rid of junk, cleaning, fixing problems, painting and then staging (even if using their furniture) for the open houses and all showings. It is a lot of work and at times you’ll wonder why you bother (some clients can be frustrating).
Have fun and enjoy.
How long should a realtor take to get back to you?
What would be considered a reasonable time for a realtor to respond to your questions on a house and to set up a time to go look at them?
Glenn… You obviously didn’t read the question or the answers. I had asked if my realtor was taking to long and now I want to know what I should expect from a realtor. Why bother answering if you don’t have anything constructive to add.
It really depends on who is listing the home and if they are answering the phone. If your real estate agent calls the listing agent with questions and to get a lock box code, and the listing agent does not respond, they won’t have any info for you. Out of courtesy, they should call you to let you know what’s going on within the hour if there is a contact issue.