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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.
When you're making a big purchase, you usually want to know that you're getting what you pay for. The same can be said for one of, if not the biggest, purchases you could possibly make: a home. In the realm of real estate transactions, appraisals are what play a crucial role in determining the value of a property. Understanding what an appraisal is, its significance, and how it differs from a home inspection is essential for buyers, sellers, and lenders alike.
In this article, we will delve into what an appraisal is, the appraisal process, and why they're important to potential clients.
There are certain types of qualities and characteristics that fit perfectly for each career choice. The same can be said for real estate agents. A real estate professional's personality is especially important because it sets the tone for the relationship between the agent and their client. The right personality traits can either strengthen or destroy that relationship.
In this article, we'll dig into the qualities of a good real estate agent to help you enhance your client's overall real estate experience and establish a foundation of trust to ensure your success in the field.
If you're on the fence about becoming a real estate agent, you might have a lot of questions. Should I go into the real estate field? Would I be a good real estate agent? Becoming a real estate professional can be a lucrative and rewarding career. You can help people find the home of their dreams while reaching their financial goals with unlimited income potential. But the industry isn't for everyone.
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.
Real estate is an ever-evolving industry, filled with a myriad of professionals who contribute to its success. Among these professionals, the role of a sponsoring broker holds significant importance.
In this blog, we'll explore the important role played by sponsoring brokers. As experts in real estate education, we'll provide you with tips and steps to follow when finding a broker to sponsor you.
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.
Are you considering a career in the exciting world of real estate? As you consider a career in this industry, you'll likely encounter various roles and titles, each playing a crucial part in facilitating property transactions. Two common terms you may come across are "real estate salesperson" and "broker." While these terms are often used interchangeably, it's essential to understand the key distinctions between these roles.
Maybe you're planning a big move, or you just have a potential client that lives across the country. Either way, there are many reasons why you'd want to conduct real estate practices in another state.
In this article, we will explore the basic process for obtaining a real estate license that applies to most states, explain what real estate reciprocity is, and highlight which states offer reciprocity.
Are you planning a move to Florida? The Sunshine State is known for its beautiful beaches, vibrant cities, and picturesque landscapes, and is a place many people dream of calling home. However, living in Florida comes with its fair share of challenges, particularly when it comes to hurricanes and floods. These natural disasters can significantly impact the state's housing market, influencing property values in ways that homeowners and potential buyers should be aware of.
In this blog, we will delve into the effects of hurricanes and floods on Florida's housing market, exploring the aftermath of these calamities and how they shape property values. By the end of this blog, you will have a comprehensive understanding of the Florida housing market dynamics in the face of such natural disasters.
No one teaches you how to negotiate the price of a home in high school, so if you're a first-time home seller, it can be an overwhelming process. Or maybe you've had to negotiate real estate prices before and walked away with seller's remorse.
In this blog, we’ll give you 10 real estate negotiation tips for sellers to help you get the most during a sale.
As technology continues to evolve at a rapid pace, the real estate industry is not immune to its influence. In recent years, we have seen advancements in technology, which have greatly impacted the way properties are marketed, bought, sold, and managed.
What can you expect from real estate technology in 2024? As time passes by and we approach 2024, it is important to stay up to date with the new real estate technology trends that are shaping the industry and will continue to do so in the future.
In this blog, we will explore what to expect in the world of real estate technology in 2024 and how these trends will impact various aspects of the industry. From artificial intelligence to the metaverse, we will delve into the exciting possibilities that lie ahead for the real estate market.
In recent years, the issue of real estate inventory shortage has become a concern, affecting potential buyers and sellers. The lack of available housing options has led to skyrocketing prices, bidding wars, and a sense of frustration among those seeking a place to call home. But why is the real estate market slowing down in 2023? And where have all the houses gone?
In this blog, we’ll delve into the underlying causes behind the scarcity of housing and explore the various factors that have shaped the housing market landscape in 2023. From the aftermath of the COVID-19 pandemic to economic influences, we will examine the interplay of these elements that have resulted in a lack of housing inventory.
More and more millennials are buying homes, making them a large portion of the home buyer market. As a real estate agent, focusing on catering to this demographic allows you to tap into a lucrative market. In this article, we’ll give you some tips on how to understand their needs, preferences, and circumstance. Doing so can allow you to exceed their expectations and establish yourself as the go-to real estate agent for millennials.
Being a real estate agent can be incredibly rewarding, but it can also be demanding and time-consuming. One of the critical challenges that many agents face is finding the right balance between work and personal life.
In this blog, we’ll explore effective strategies that can help improve your work-life balance as a real estate agent, allowing you to maintain a healthy balance and achieve success in both your professional and personal endeavors.
Not all real estate schools are created equal. And when deciding which school is going to shape the entire future of your career, it is imperative to do your research.
Real estate schools vary as every state has its own standard regulations for real estate licensure.
A real estate school that works with your needs is the difference between a successful and unsuccessful career. Quality of support, course availability, education structure, pass rate, and completion time are just a few factors to consider when choosing a real estate school.
Listing agent, selling agent, seller's agent, buyer's agent. Two of these things are just like the others, and two of these things just sound the same.
It's a real estate riddle.
The listing agent vs. selling agent issue is the first hurdle homeowners and prospective buyers have to leap over in their real estate journey. But, what's the difference between these two types of agents, and which one do you need?
Buying a home can be an exciting, yet daunting experience, especially for first-time homebuyers. With so many details to consider, it's easy to feel overwhelmed and unsure of how to navigate the process. This is where a buyer's agent comes in.
But what exactly is a buyer’s agent, and how do you become one?
In this blog, we'll explore the definition of a buyer's agent and how you can become one. If you're a real estate professional looking to expand your skill set, this blog will provide valuable insights and practical tips to help you succeed in this rewarding career path.
Do you want to open your own real estate company? Real estate is one of the most lucrative industries in the world, with a high potential for profits and long-term growth. If you're someone who has always had an interest in the real estate industry and you want to start your own business, then you've come to the right place.
Starting a real estate business from scratch can be challenging, but with the right guidance and strategies, it can also be incredibly rewarding. Here’s a breakdown of the steps of starting a real estate business from scratch. We'll cover everything from how to plan, start, and grow a successful real estate business.
As a real estate agent, you know that the success of your business depends heavily on your ability to market yourself effectively. With so much competition out there, it's crucial to have a strong personal brand and a clear strategy to stand out from the crowd.
In this post, we will share some practical tips and strategies to help you understand how to market yourself in real estate, build a strong client base, and grow your business. Whether you're just starting out or looking to take your real estate career to the next level, this information can be beneficial for an agent like you.
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.
If you’re interested in becoming a real estate agent in Texas, the first step is taking a real estate course to prepare you for the Texas real estate exam. While the exam can be challenging, it’s designed to test your knowledge and skills to ensure that you’re prepared to face the challenges and obstacles that come with being a licensed real estate agent.
But just how difficult is the exam? In this blog, we’ll answer that question, along with how many people pass the exam on their first try and tips on how you can do it too!
Are you new to the real estate industry? Are you a real estate agent or planning on becoming one? Real estate can be a rewarding and fulfilling career, but it can also be challenging, especially for those who are just starting out. As a new agent, you may be wondering how to stand out from the competition, build your client base, and ultimately achieve success in the real estate market.
If you're interested in pursuing a career in real estate, you'll need to pass a licensing exam to become a licensed real estate agent or broker. One key component of the exam is having a proctor to ensure that the exam is conducted fairly and according to the rules. But what exactly does a real estate exam proctor do?
In this post, we'll explore the responsibilities and duties of a class proctor and why they play a critical role in the licensing process for aspiring real estate professionals. Whether you're preparing to take your real estate exam or simply curious about the process of proctoring a test, this post will provide valuable insights into the world of exam proctoring.
Real estate wholesaling is a popular investment strategy that has gained widespread attention recently. If you're new to real estate investing, you may have heard "wholesaling" and wondered what it’s all about.
Real estate wholesaling involves buying a property and then quickly selling it to another buyer without making any significant repairs or improvements. The idea is to profit by finding a great deal on a property and then passing that deal on to another investor willing to pay a higher price.
But while wholesaling can be a profitable venture, it's not without its risks and challenges. In this post, we'll dive deeper into real estate wholesaling definition, the pros and cons of wholesaling real estate investing, and how it works.
Flipping houses is a popular way to make money in the real estate industry, and it's easy to see why. By buying a property, fixing it up, and then reselling it for a profit, you can earn a substantial return on your investment.
However, starting house flipping can be daunting, especially if you're new to the industry. That's why we've put together this “flipping houses 101” guide to help you understand the basics of flipping houses and how you can start doing it as a real estate agent.
The act of buying or selling a home is among the most important moments that an individual will encounter during their lifetime. Fortunately, fair housing laws exist to protect you from housing discrimination. Although the right to fair and equal housing is a fundamental aspect of modern society, it still remains a challenge for many individuals and communities.
In this post, we will explore the meaning of equal opportunity housing in more detail, discussing its importance, the laws that protect it, and the challenges that persist today. Finally, we’ll go over what you can do in an unfair situation. Whether you are a buyer, seller, or simply interested in learning more, this blog will provide you with a valuable understanding of equal opportunity housing.
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, you’re always on the go to show properties, meet with clients, and close deals. Therefore, your car may act as an extension of your office.
Whether you’re on the go or you need some peace and quiet, working from your car as a real estate agent can be a great way to maximize your productivity and flexibility. However, working in the car doesn’t always sound ideal. That’s why in this post, we’ll share some tips on how to transform your car into a comfortable and efficient mobile office.