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Part of being a successful real estate agent is being knowledgeable in the industry so you can always give your clients the most accurate information. Understanding the legal aspects of property ownership is one of the many topics a real estate agent should know inside and out. Two terms that often come up in transactions are "title" and "deed." While these terms are somewhat related and even used interchangeably, they refer to distinct property rights aspects.
This comprehensive guide will explore the difference between a title and a deed and how they impact real estate transactions. Whether you are a seasoned real estate agent or a newcomer to the industry, this knowledge will empower you to serve your clients better and navigate the complexities of property transfers.
If you're thinking about diving into the world of real estate, or if you're already working as a real estate agent, you might be wondering who pays the broker fees in each state. It's an important question to ask, as these costs can vary significantly from one state to the next. It’s also best to know the answer to let your client know if they’re the one who needs to pay for these fees.
In this article, we'll take a closer look at what realtor fees are, how much they can set a client back, and where that money comes from.
Starting a new career in any field can seem a bit overwhelming. Many people might want to dip their toes into a new industry rather than diving in headfirst.
Did you know that you could actually work as a real estate agent part-time? Testing out the waters might be better for some people looking to try it out before fully committing. In this article, we'll go over how you can work as a part-time real estate agent.
Many people decide to become a real estate agent for different reasons. Some might want to completely switch their careers with a better work-life balance, while others might want to get into real estate part-time for some extra income.
One of the ways you'd be getting paid is with gross commission income (GCI). We'll go over what GCI is, how to calculate it, and how to increase it throughout your real estate career.
Whether an investor is interested in flipping houses for a profit or a homeowner is looking to make some renovations, every real estate agent should become familiar with the term ARV to help them with their goal. So what exactly is ARV in real estate? Continue reading to find out more about what ARV is, how to calculate it, and how it can help you on your real estate journey.
When it comes to selling their home, most clients care about two major things: selling their home for as much as possible and quickly. Having multiple agents list and market the home to sell might seem like a good way to do that, but it might actually be counterintuitive.
In this article, we'll dive into the details of an Exclusive Right to Sell agreement, explore its key components, and talk about why it could be beneficial for both sellers and real estate agents.
Maybe you're planning on a big move across the country, or you're just trying to expand your real estate empire. Either way, there are plenty of reasons to get an active real estate license in another state. Reciprocity can allow real estate professionals to serve clients in multiple areas, giving them a competitive advantage in the industry.
In this article, we'll cover everything you need to know about how reciprocity works with real estate licenses in Florida and how it can help you become a successful real estate agent.
The practice known as dual agency, where an agent represents both the buyer and the seller in a transaction, raises questions about conflicts of interest and fairness. In this article, we will explore the concept of dual agency, its implications, and its legality in different states.
Real estate is a complex industry that requires the utmost professionalism and integrity. However, did you know that only 2% of individuals surveyed in a 2018 Gallup poll rated their trust in real estate agents as "very high” for honesty and ethics?
The National Association of Realtors (NAR) established a Code of Ethics to ensure that agents and brokers maintain high ethical standards. The code outlines the principles real estate professionals should adhere to when working with clients, customers, and other industry professionals.
Understanding the NAR’s Code of Ethics is essential for maintaining trust and professionalism in real estate. In this post, we'll explore what exactly is in the code and who must follow it.
The real estate industry pays a lot of attention to diversity and equity for our customers, but we spend less time looking at how we take care of our own.
Real estate is far more diverse than it used to be, but like nearly all industries, we have a ways to go. What's the state of diversity, equity, and inclusion in today's real estate profession? What needs to be done to improve it? And how can you do your part?
As a real estate agent or broker, every state's real estate regulatory body requires you to renew your real estate license at a certain interval – usually every two or three years.
It usually involves a fee and a renewal application, but by far the most time consuming requirement is Continuing Education, also known as CE. Basically, they want you to take a certain number of courses from an approved source to ensure you're keeping up with the industry.
It's common for real estate boards to require your CE to include specific curricula or, at the least, certain general topics.
In this guide, we break down the real estate continuing education requirements needed to keep your license active as listed by each state’s Real Estate Commission.
In this post, we'll go over why you should be incorporating funny real estate posts into your digital marketing strategy and how it will help your realtor business grow, we’ll even share some tools for making your own fun content, plus some tips you should follow when making content.
Improve your understanding of real estate math with with these formulas, practice questions, and examples to help you pass the real estate exam and have more success throughout your career.
In Oregon, brokers and principal brokers must take continuing education every two years. The first time a broker or principal broker takes continuing courses is slightly different from continuing education courses in subsequent years.
In this post, we discuss the real estate continuing education requirements for Oregon brokers and principal brokers.
A net listing is an uncommon type of real estate property listing. There are several types of listings that all real estate professionals should thoroughly understand. Learn more about net listings and which states net listings are legal.
Real estate is a customer service business. You're not really selling property; you're selling your wisdom, experience, and professional judgment. Learn how to effectively serve your customers, increase leads, and make more money.
Real estate and contracts go hand in hand. Agents have to know and understand a variety of different contracts to be successful. We discuss those here.
Don't have the time for active real estate investing? Passive investing might be the best choice for you. Read our guide on how to get started with passive real estate investing in 2022.
We review the top 5 reasons real estate agents fail and lay out strategies you can implement to easily overcome these challenges and succeed.
Real estate investing is a profitable form of investment and can provide both active and passive income, as well as portfolio diversification, and tax advantages.
Unfortunately, real estate investing can be challenging, and to be successful at it, you need to have an understanding of the real estate industry and the real estate market you are investing in. This guide will provide you the basics of active real estate investing to help you start you off on the right foot.
The closing gift you give to a client is one of the most important interactions you have with them. Make sure you make a lasting impression by giving them something meaningful. Instead of opting for a gift card, like so many other real estate agents, choose one of our 35 closing gifts that your buyer will be sure to love.
In order to buy and sell real estate, there must be in place a method whereby the property being sold can be accurately identified. There are three (3) major types of legal land descriptions used throughout the United States.
Do you want to get a real estate license, but are still struggling to decide which real estate school you should choose? Here are the 7 features to look for that make for the best online real estate school.
If you are using combo lockboxes or requiring agents to pick up keys at the office, it's time to enter the 21st century. There are many better options than this archaic activity that keeps your listings accessible and the keys protected.
Are you interested in getting your real estate license in Texas and starting a new career? Here is our list of the 7 best cities to become a real estate agent in Texas in 2022.
Your first week in real estate will be very busy and may seem overwhelming. Use these tips to help you succeed during your first week as a new real estate agent.
With marijuana regulations continuing to develop and expand in numerous states around the country, landlords need to remain in-the-know so that they can make the most-informed decision possible if tenant disputes or fair housing implications arise. Although there are no simple and easy answers, stepping in to handle a situation as soon as possible may be the best course of action for avoiding unwanted legal action.
What is keeping this house from selling?
Objectivity is the key. Whether you are the listing agent or the Seller, it is critical to analyze what will keep or is keeping the house from selling. Once the problem is identified, objectivity is again important when determining the solution.
Here are the 10 most common reasons your house isn't selling.