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The Realities of Real Estate Agents
from: Carol MooreWith the sale of property wrapped up in laws, guidelines and ordinances, competent real estate agents are just the type of professional many do not like to go without. The purchase or sale of property can sometimes be confusing and intimidating, especially for those who are new to the world of real estate. Real estate agents and their specialized knowledge not only work to create a smooth buying or selling experience, but an educational one as well. The agent who is not able to provide this for his or her clients is not likely to find themselves in great demand.
Real estate agents are commonly referred to as sales agents, as they work to get their clients the highest price when selling and the lowest price when buying. Because of the number of aspects involved with the buying and selling of property, becoming a real estate agent requires one to meet all licensing requirements for their state of practice. Thanks to the advent of the internet, training for a real estate license can now be obtained through accredited online courses. Sellers or buyers acting on their own behalf do not require licensing. Likewise, in some states, attorneys can also act as an agent without needing to meet state licensing requirements.
In the world of real estate, there can be some confusion as to the difference between Realtors, real estate agents and real estate brokers. While agents work for others and focus mainly on sales, brokers often take on their own branch responsibilities. Realtors are those who are a combination of a broker and agent. Each type of agent has their own level of schooling, training, and exams that must be successfully passed in order to obtain a legitimate license for practice. Practicing without a license is both unethical and unlawful. As an unfortunate number have found, those who use unlicensed professionals leave themselves open for no compensation under the law should a transaction hit a snag and go terribly wrong.
Legitimate and ethical real estate agents are those who display their license number prominently and welcome all inquiries into their background and sales experience. They also regularly renew their license in order to continue practicing legally. While some agents work for a firm or other prominent outfits, others work as free agents or proprietors of their own agencies. For the most part, agents work on a commission. Depending on whether they work for a firm or their licensing and experience, many agents will offer their clients a number of helpful services related to the sale or purchase of property.
Real Estate In Georgia News
Greensboro real estate company makes new acquisition (Greensboro News & Record)
GREENSBORO - Local real estate company Steven D. Bell & Co. has added to its extensive property holdings in the metro Atlanta area by buying an apartment community Bell bought the 206-unit Post Lenox Park property from Post Properties Inc. for approximately $23 million. It's located in Atlanta's prestigious Buckhead neighborhood. read more
Read more...Synovus expects $350M real estate loss (Columbus Ledger-Enquirer)
Synovus Financial Corp. stock tumbled Monday after the regional bankholding company said over the weekend that it expects to write off $350 million in real estate loan losses in the fourth quarter of 2008.
Read more...Recession, Real Estate Slow Florida's Growth In 2008 (The Tampa Tribune)
Florida's population growth crawled to a near standstill last year, the result of a national recession and the downturn in the state real estate market.
Read more...Can't Afford to Get Divorced? Real Estate Law Expert Offers Steps to Protect Equity (PR Newswire via Yahoo! Finance)
Before the housing market crash, divorcing couples used to fight over who would get to keep the house. Now they fight over who will get stuck with the liability of a mortgage that costs more than the house is worth on today's market.
Read more...