Real Estate

Is it a percent or is there just a flat rate!

The other answers are incorrect.

Yes, there is a total commission of 5% to 6% of the total sale price. This is for a residential, single family home.

HOWEVER the agent doesn’t get ALL of that money.

In fact, when its a cooperating deal ["co-op deal"] with another office:
The listing agent has the property and
The selling agent has the buyer

There is STILL not a 3% split between the agents.

The agents work under the license of a real estate broker. In the case of a "co-op deal", there are 2 licensed offices involved.

Yes the offices split 3% each or whatever the arrangement is, which is stated in the contract, HOWEVER, the agents are on a flat pay basis OR on a commission basis of that office’s share of the commission.

For example: Agent A in Office A gets a listing for a property at $100,000. The Agent does everything which is connected with the sale on the Seller’s behalf to bring the deal to settlement/closing/escrow.

Agent B in Office B introduces the Buyer to the property. Agent B does the paperwork and makes sure the Buyer does everything the Buyer has to do to get the deal to closing/settlement/escrow.

At the time of closing/settlement/escrow, the total commission is 6% or $6,000, which is equally divided between the two offices.

Agent A had the listing. According to the arrangements Agent A has with Office A, Agent A’s share of the commisission is 1/2 of the 3% or 1 1/2% or $1,500. Office A has bills and expenses to pay too. They get the other $1,500.

Agent B had the Buyer. According to the arrangements Agent B has with Office B, Agent B’s share of the commisission is 70% of the 3% or $1,050. Office B has bills and expenses to pay too. They get the balance of 30% of that $1,500 or $450.

NOTE: THIS IS NOT ALWAYS THE SCENARIO OR OUTCOME. Different offices have differnt fees and different commission schedules.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

I want free information about realestate investment that doesnt require a fee and doesnt want me to purchase any iformation regarding this informstion.

No Money Down usually doesn’t mean there is no downpayment. It just means the money down it isn’t your money. Which if it isn’t your money, it’s usually money you are borrowing, or money coming from a partner who wants a share of the ownership in some way, or a share in the future profits.

The idea of paying money you don’t have for real estate courses, is the fundamental premise to No Money Down investing in real estate. If you can find money you don’t have to pay for the courses, maybe you can find the money you don’t have to pay for the real estate you want to buy.

Yes, after finishing the courses you can call yourself a real estate investor, but you will find you are just one of many who call themselves that term. There is risk involved in any real estate investment. Buying the piece of real estate is just one of the steps to making money. You can be an investor who loses money as easily as you can be an investor who makes money.

Many of the No Money Down courses you see on late night TV want you to find a property and real estate deal that fits the guidelines the course sets out. When you find such a property, you call someone else to help you with the next steps and the future profits are split (usually quite unequally) among all the parties involved.

"No Money Down" is not a myth. It is a concept used by developers, and real estate purchasers of every size, from very small scale investors, to mega-million dollar and billion dollar investors. It is a premise used in commercial real estate all the time. The deal is structured in such a way as to make a profit for the purchaser. Any money used as a downpayment is returned with interest, making the deal essentially, a No Money Down one.

I read in a disclaimer for my Online Real Estate Broker courses that you can only complete 2 courses every 5 weeks. (Im signed up with Allied if that matters). You have to complete a total of 8 courses…so is it true that it will take me 15 weeks of complete all of the required courses. Has anyone taken less tme and gotten away with it? Is this an outdated requirment?

The problem is…I am fresh out of College and am a fast learner….so it would really only take me 8 weeks at most to finish them.

2 per every 24 hours. I started out
in CA. Their school policies may limit you but the law does not to that extent.

maximum of eight (8) hours per calendar day –is a standard.

so, that 2 classes is one limit and
in AZ, we have 9 hour limits.

Prineville, Oregon realestate

Really easy. Go to ColdwellBanker.com and enter Prineville Oregon in the search engine. It will list all the properties they have in Prineville.

To expand the search, enter Bend, Oregon and surrounding areas.

Anything will sell if the price is right. Unfortunately in today’s market you may be expecting a lot more than people are willing to pay. For example, if you listed your house for $100, someone would buy it today. Somewhere between where you are currently listing and $100 is the right price for today’s buying market. The trick is finding the right price.

just wondering, i know there is alot of people who wish they could invest in real estate as it is a great investment market. I wish wondering if you would invest in a company that invests in real estate for you?
So like lets say the company has all these listings of different real estate projects they are going to buy and you can pick from one. So maybe there is 100 acres they are going to buy at 100,000 dollars. you would be able to invest 1000 dollars in this property threw this company, so realisticly you would on 1 percent of the propety threw the company. then maybe in a year the company would sell the property and get 200,000 for it. you would then get back 2000 dollars. 1000 for the investment and 1000 dollars profit.
would this be something you would do to invest in real estate or you think others would do? of course it would be a legal corporation not like some side business.
I am just wondering as myself would love to invest in realestate but dont have the money.
Thanks!

You can invest in them REIT’s, its like investing in a mutual fund.

Only want reasestate salesmen licensed to sell timeshares. Property deeded in Wisconsin

I’m in Breezy Point MN (since your in WI you’ll be familar with my area) We have timeshares over here for under $900 – your better off selling it on your own – they hold no value so don’t expect much

If realestate is below market value & you can get a loan (if your not a cash buyer) than, yes.

Okay so I found some foreslosures and their ID numbers.. Who can I send the ID numbers to to get more info and buy it?

Well, I am not Gregg, I think you need your own agent, don’t use the banks!

Ask some of your friends who they used and were HAPPY with. Give the numbers to that agent and see if they can guide you.

Starting a LLC with a few family members to invest in some realestate what should the bylaws for the Corporation Be ?

In my opinion, this is not the time to invest in real estate. It’s the buyer’s market sure, which only means you must have the capacity to sit on a property (sometimes for several months) without revenue.

You might have a better chance with corporate real estate (leasing, apartments, condos, etc) though. It all depends on your location and what the economic climate is over there.