i understand that a real estate agent is different from a realtor. am i correct or am i mistaken? can somebody please explain the diiference? furthermore, how to become a realtor in philippines?
all realtors are real estate agents or brokers
not all brokers/agents are realtors.
an agent or broker is a licensee who has passed a state test and
applied for same.
a realtor is a member of the National assn of Realtors {i was a member
and it is the biggest waste of $ in existence and deals in restraint
of trade!]
How to apply for a Real Estate Broker License
New Application:
A. Requirements
1. Filled-up application form
2. Four (4) 1 X I
3. Clearance either from NBI, RTC or City or Municipal Clerk of Court where applicant resides or holds office for one year to the date of application
4. Proof of educational attainment – 144 units College education or 72 units provided license salesman for four (4) years
5. Report of rating – REB examination
6. Surety Bond – P 5,000.00 in favor of DTI and HLURB or certification from a recognized real estate association that it guarantees the faithful and honest discharge by the applicant as well as the salesperson working under him of their duties and shall be liable to any and all persons who may suffer loss by reason of such failure up to the amount of five thousand pesos.
7. If corporation, Board Resolution authorizing a Real Estate Broker to act for and in behalf of the corporation, together with the certified true copy of the Securities and Exchange Commission (SEC) Certificate and Articles of Incorporation.
8. If partnership, partnership agreement authorizing a duly licensed real estate broker who will act for or in behalf of the partners in the realty practice or service, together with the certified true copy of the SEC Certificate and Articles of Partnership.
B. Fees
DTI License fee – P 350.00/year
Housing and Land Use Regulatory Board – P 510.00/year
(HLURB) Registration Fee
Renewal Application:
A. Requirements
1. Filled-up application form
2. Two (2) 1 X 1 I.D. picture
3. Renewed surety bond
C. Fees
• P 350.00/year for DTI; if expired and not renewed within 30 days grace period within the year of renewal, pay surcharge of 50% of the basic fee. If renewed after one or more years, pay the basic license fee for all years of non-renewal plus 50% surcharge on the total basic fee.
• Registration fee of P 510.00 for HLURB; if expired and nor renewed within the 30 days grace period, a surcharge of P 200.
http://sam2007realestateagent.blogspot.com/search/label/Real%20Estate%20Brokers%20%28REB%29%20Licensure%20Exams%20Results
I have a condo in the Boston area that I plan on selling in about 9 months to a year and want to know what are the best low commission realtors in the Boston area. I don’t want to pay more than 3% commission to a realtor, but want some level of service. The services I would need from the realtor are Multiple Listing Service (MLS), provide paper work for sales agreement, and closing, and negotiation with the buyer(s). I don’t mind conducting our own open house and preparing our condo for sale. Any suggestions greatly appreciated.
You could try http://www.redwoodfsbo.com
The Managing Director is Owen Jamison his number is 978-998-7153 very skilled, great guy in general.
Tell him Reggie said Hi !
Customer feedback is essential for any business..Tell me how to attract customers.
The best way to attract customers is to the work in a quality manner…They can give some offer to the customer regarding the site and they should maintain the smooth relationship between the customers…This attracts more customers and increase the quality…
If the house is listed on the MLS as a "courtesy" of a certain realty company, do I have to use that company or can I go to the realtor of my choice in that area?
You can use the realtor of your choice. Tell them the MLS number you’re interested in, then they’ll show it to you. They’ll get the commission for the sale of the house, but the lister will get the commission for listing the house.
Good luck!
http://realestate.yahoo.com/Missouri/Springfield/s-glenn-ave:23ebfdb6608a42ada297f2e22dab03c;_ylt=AhZtiGMZZhxqX1p.m9kVHsYN47Qs
I was browsing through these listings and I came across some foreclosures that seem to be priced at a too good to be true price. Should I buy these or is there a catch?
The amount listed is the amount on which the current owner is deficient in payment. The house will be sold at public auction, and the MAIN bidder will be the lender involved, who will bid the price up to a point at which it will accept. If no one bids high enough, the lender will be the high bidder, and will take the property as lender owned.
Don’t expect to get it for just over $9,000 unless that is all it is actually worth.
We’re in the process of buying a house, and we’re dealing with an agent who is without a doubt unprofessional.
We made our first bid and were told to give him 72 hours for a response. He got back to us and verbally "gave us the opportunity to improve" our bid, but insisted we do so in writing within 4 hours. We like the house enough that we did so, though I was ready to walk when I heard his request.
Our bid was accepted, and we have contingencies on satisfactory inspections and disclosure. He has yet to give us the disclosure, and his 72-hour period expires today.
I like the house, but I hate the agent and I hate the way he has been playing us. I’m ready to walk.
Am I being impatient?
Is he being unprofessional?
Can he ask for a higher bid without a written counter-offer?
To whom can I report his conduct?
This agent I have a problem with is a buyer’s agent and is the listing agent for the house we have a contract on. Our seller’s agent is very cautious about this guy and has written the contract so that if he doesn’t produce the disclosure within the period we can walk before inspections without problems, so long as we provide written notice.
We also have a provision in the contract that we can walk for any reason following the inspections, again with written notice.
Basically I’m wondering whether I even want to deal with this buyer’s agent in further negotiations, or if he’s going to pull anything at closing. Thanks for the answers so far.
When the seller countered it should have been in writing on the bid contract, at that time the agent should have met with you both and presented the counter. I have seen it done over the phone done verbally on shows such as "Buy Me" on HGTV so it’s not something new, but usually when you counter you need to resign a contract agreeing to the new bid amount.
It doesn’t sound like he’s being unprofessional but is he a transaction broker? Is he working for both the buyer and the seller? If so then he has limited disclosure to you and to the seller.
If you are unhappy with the service you are getting then you can complain to the agents broker. There should be a Broker in charge of the Real Estate Company, all agents have to work under the broker. If you are working with the broker then the Real Estate Commission is where you’d go next. But you’d need to prove he’s being unprofessional, he might not have received the inspection disclosure and he’s waiting. If you’ve called him a dozen times and he’s failed to return your calls your next step is to contact his broker in charge.
I have a bachlors degree in business managment and want to further my education by getting a realestate license. I am moving to Arizona from Alabama. Can anyone help ?
The requirements may vary from state to state, but if you complete a real estate course (which takes a reasonably short time and which isn’t difficult to do) you then take a test in order to get a license. At least some states would then require a person to work for an established real estate agency for a certain amount of time before he/she can become a licensed broker.
my father and i didnt speak after a riff because of my brother,but i never told him why because i didnt want to hurt him and he pasted away i just found out today and he told everyone he couldnt find me.I’m sure theres a reason since theres realestate but i have no idea to find out about if there was a will,i’m sure there was he planned.Help
If your father had a will, it would be filed with an attorney, whose job it is to contact any heirs. If he didn’t have a will filed with an attorney, you need an attorney to file for the disbursement of his assets. State laws vary, but generally spouse is first in line, followed by siblings. If no spouse, you have your lawyer file for a court order to sell off the assets, you pay the fees, and what’s left you split with your brother, unless you come to a different arrangement with him.
Genie Birch, president of the Chicago Association of Realtors, talks to YoChicago.com about the challenges that Realtors faced in 2009 and how they can prepare for 2010. She also offers some advice for new Realtors who are trying to get a grasp on market conditions and their role in the home-buying and home-selling process.
Duration : 0:5:29
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Will & Grace, “East Side Story”
Duration : 0:6:13
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