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1031 Exchange And Tenancy-In-Common: Seeking The Right Advisor To Achieve TIC Investment Objectives
A long-established section in the federal tax code, section 1031, allows real estate investors to sell property that has been held for investment purposes and defer capital gains and depreciation recapture taxes if they acquire "like-kind" exchange...
A Look at Retractable Awnings
Awnings are popular for many reasons. They not only add style and elegance to both residential and commercial buildings, but can also greatly increase energy efficiency. The combination of these factors has made awnings one of the favorite...
Looking To Buy HUD Homes?
Buy HUD homes are sometimes the cheapest option available for a common man to own a house. The fact that teachers and police officers could buy HUD homes at 50% off the market value attracts more potential buyers.
Before starting off hunting...
Renting Versus Buying A Home
Renters are often in a quandary as to whether it makes sense to continue renting or buy a home. Buying a home makes more sense, particularly when taking a long-term view. Yes, even in the current hot real estate market.
Renting – Advantages
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The Single Biggest Mistake Real Estate Investors Make
Before you even think about becoming the next real estate tycoon, you’ve got to be disciplined to learn the basics. What you’re about to read may come as a surprise to you, but there is a single mistake among real estate investors, especially new...
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What Do You Need To Know About Real Estate
An estate agent is one who is involved in the sale of houses and land. The job of estate agent is not new. But with a rise in population, the task of estate agent has gained momentum. With increasing number of people there are more houses and lands to be sold and purchased. This article will thus mainly deal with the job profile of an estate agent, the requirements to enter this business and an evaluation made by enumerating the pros and cons of it.
What basically is the Job of Estate Agent-
An estate agent can work independently or under a broker. There are many agents working under a broker. Most often agents are confined to the estates of a particular area. This job is best suited to those who have excellent interacting skills or those who like communicating with people. Estate agents have the advantage to work liberally. But it requires acute capital investment and endurance. Outlay comes in the form of opening an office, advertisements and making contacts.
What it takes to be an Estate Agent -:
Any 18 year old or above individual can become an estate agent. In order to be so, an individual has to join a training college, which will not only impart usual knowledge (rules and regulations and strategy to work) and skills to this business but will also facilitate him with a license. There are many colleges and courses available in this regard. However, try to join the best or eminent college in your area and the course that meets all your essentials. There is ample of information online and in yellow pages with respect to this.
Any individual meeting the age criteria and can apply for a license. The license is given on the grounds of performance in a test. In order to take the test, fees has to be paid. The amount of the fees and the format of the test vary from state to state. But everywhere this test comprises
of questions on English, Math and your wisdom about the job of an estate agent. This license thus procured has to be renewed within a span of time like two, three, four years or so. The duration also depends on your state government.
The merits and demerits-
Like every job or business, the task of estate agent too has several pros and cons attached to it.
• There is an opportunity to work democratically as an estate agent. There is no pressure by seniors and thirst to impress your boss here but on the same hand large amount of money is needed to make your business a success story.
• Working independent makes you the sole master of your earnings. There is no sharing of it with other agents. But lot of risk is involved in running your own business for it is quite possible that even after some years of your work you may not be able to incur any great profits.
• The job of an estate agent requires you to be clever and hard working. There is lot of competition in this area. It is upon you that how you make the deal possible by outwitting the rest of the agents of your area.
• Those agents who endeavor to make money by hook or by crook do not flourish for long. Being adroit in business does not implicate cunningness. The state laws should be followed throughout and one should never aim to deceive the client or government. The amount of margins is fixed and legal on a deal. To accrue benefits apart from that is illicit in any case.
About the Author: Mansi aggarwal writes about real estate. Learn more at http://www.goforrealestate.com
Source: www.isnare.com
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