Renting Real Estate Questions and Answers

Is at hand a statute of limitations on home owner repairs fee's?

I was assessed $756 for homeowners repairs fee's from three years ago even though they had received looking after fee's for the last two years. Can they do a retroactive charge and force me to clear even though it is for fee's 3 years old


Answers: If in attendance is a statute of limitations it is most likely roughly speaking 6 years. If you did not pay one year, you owe it to the association. The fees are for running and other services, and if you don't pay yours, you put the burden on other homeowners who are paying. They own every right to bill you and collect from you.

Can you proffer plentiful and accurate information on becoming a REAL ESTATE AGENT?

I would like to know:

What qualify on-line schools I could check out?

What should I know earlier searching for a work (after my education/training)?

What is the average income (just an average...I know it will fluctuate with the housing market)?

Is mortal a real estate agent resembling working for yourself OR do you actually hold to interview at a specific agency?

Do or did you like one a real estate agent?

Do you be paid your own hours and is this occupation flexible?

Is paperwork and laws complicated, difficult, and confusing?

How much time do you in actuality have to spend at the organization OR is this primarily done from home and 'on-site'?

What are your responsibilities to the home you are selling if it is unoccupied (cleaning, renting furniture, placing some decor)?

What advice in the order of the above do you give to a homeowner who is trying to deal in their home?


I have various more but will limit it to this at this point!! :) Thank you for your input and aid


Answers: Okay, let's start!

1) Check out Allied Real Estate (link below). They have home-study classes for various states, including California and others.

2) As an agent, you always own to work with a broker. In every transaction, you represent the broken, within effect you're his agent, not your client's. So it's important to interview and find a place you would soak up working in, whether the environment, costs, distance, benefits to you, etc. Don't be shy something like asking the tough questions, because it IS your trade.

3) There is no such thing as an average income: if you travel out there and work 10 hour days and cram sales and closing and the awareness you'll need to catch there to initiate with, you will craft more than $200,000 dollars. If you don't, you will make squat. There is really no average, so don't expect any info.

4) I like mortal a Realtor, but it's hard work. Don't be fooled by the notion that you simply show homes and close. It can be outstandingly stressful at times!

5) You do, for the most part, label your own hours, provided those hours also coincide with your clients', but also hang on to in mind that the not as much of hours you work, the less money you will sort. This is a career that you control: the better you are and the more you work, the more you'll clear. If not, you won't make anything.

6) Yes, law and paperwork are confusing, which is why it's important to not individual study the material all right before the theory test, but to find an office that offer its agents continuting training. You have to save in mind that this is a work where law change, paperwork is updated, etc., so you enjoy to be serious about keeping up to date next to all of this stuff. Find an organization that has a mentoring system, as capably as a new agent training. A surprising number of office offer neither.

7) You can work from home or the bureau, that's entirely up to you. There is no "on site" if you don't have clients!

8) You don't enjoy to clean or stage (place furnitures, design) surrounded by most cases, and when you do the seller pays for it, not the agent, though contained by this market some agents are desperate and they reward out of pocket. In some cases, to make the concordat, you may have to spend some of your own money to move things along.

9) When you become an agent you'll know! :)


Let me be the first to read aloud to think long and intricate before becoming an agent. This is a incredibly hard business to be within and not because of the market. You own to deal beside people, emotion, their lack of source, their desires which often are twenty times greater than their wallets can afford, and human temperament, which involves backstabbing, double-crossing, and lying. Besides all the lessons, you have to revise about selling, closing, and most meaningful the liabilities that you're other under.

However, it can also be an awesome occupation. This is not one for shy people or those who are insecure, but for population who enjoy helping others!

Once you hold the above down, it goes minus saying that this occupation is very rewarding, both financially and otherwise.

Good luck!
You can win some information at:
http://www.bls.gov/oco/ocos120.htm
Schools depend on what are located within your state. G00GLE genuine estate schools surrounded by your state.

You need property - you will be running your own business, with limitations.

Income depends on how successful you can be.

It is an independent contractor, however you will work lower than a Broker supervision

I'm burnt out presently after 18 years and this market.

Yes you trade name your own hours, but believe me you need to be disciplined surrounded by your prospecting.

No the paperwork and laws are not complicated.

I work from home, a little them work from Brokers office. It's a personal choice. I'm not into the adjectives game that go on in most office.

You only own the responsiblity to market and trade the property you have scheduled. However, I am one that will from time to time, do some simple cleaning to make it appear smart and clean. Consider that a bit of your marketing presentation.

PRICE PRICE PRICE - CLEAN NEUTRAL SPACIOUS

Good Luck!
I am going to try and hit all your question, maybe not within order though.

What online school will depend on your state, some states do not have online license classes.

What you need to realize as far as paperwork is you are not writing a contract, you are innards in the blanks. YOu cram the laws within your licensing class and you should do more than the nude minimum for your required CE, but it is pretty simple, if you are just honest and ethical to not take in trouble.

Selling homes: it really depends on the trader, staging
ALWAYS helps, but price is more earth-shattering. If they don't want to stage and update to bring the home up to standard for comparable home then they own to be willing to price it as expected. They control 2 of the 3 major things that affect the public sale of their home, condition and price.
Having a career contained by real estate should be looked at as your business, if you treat it approaching a business and run it like a business you will own much greater success. Yes you do hold to choose a broker to hang your license near, but treat your business as a business.

I have be a Realtor since April 2006, My husband has be one since 2001. We have a squad of 7 agents and currently have 22 in anticipation of deals and 97 busy listings.

No that is not typical for the industry, but you bring out of it wehat you put into it. When you get your license look for TRAINING, and I niggardly real training. Not newly "watch this agent and you will numeral it out". We have classes day by day to teach bright and experienced agents to take their business to the subsequent level.

Now sale is important to material estate but the thing to remember is this: Your most central job as a genuine estate agent is LEAD GENERATION, NOT selling houses. You cannot sell houses if you do not enjoy clients.

The average is 3-6 months for the first sale but it is uncomplicated to beat that if you of late work your sphere of influence and meet alien people every sunshine. Lead generation can be free, cold calling, door knock, strike up conversations in check-out lines...

The flexibility contained by hours is not what people assume, I work 9-5 PLUS some evenings and weekends. And the only intention I do not work more is we have a virtual assitant for processing contracts, 2 buyers specialists, an in-house assistant who handle all of the non-dollar productive work for us so we can focus on head generation and our seller. You can work less but across the world speaking, plan on making less...

It is a unbelievably rewarding job, both individually and financially if you work hard and put systems within place to help you succeed. But it is what you put into it, at hand is no easy $ within real estate.

I am near Keller Williams,and pay a split to a sou`wester with my broker. if you are on an 80/20 split forever, instead of a split to a bonnet like we do and you sold 6 million a year consequently you would pay your broker $36000 for that year. I compensate 22K and I am done paying the broker until my next anniversary date, no concern how much business I do, which far exceeds 6M a year. Oh and I made 20K in profit sharing final year, so really I paid my broker $2000 final year..

Seems like to be precise pretty basic math to me..

Find a broker who will spend the time to instruct you how to bring in lead, read the Millionaire Real Estate Agent to learn some great systems, and more roughly lead age group and leverage, dedicate time every time to lead equals, and most of all HAVE FUN and hang on to learning!

How to resolve obstruction repair dispute between neighbors?

Shared fence be damaged due to storm. Section of blockade down but most intact. Both neighbors have agreed to split the cost BUT one neighbor requirements to replace the fence near cost between $5000-6000 total. Other neighbor has estimates to newly repair the existing fence at $1200 total. Neither going through homeowner's insurance because insurance will singular cover repair--not replacement cost. How can the neighbors resolve this and still remain "neighborly." P.S. They live in California.


Answers: I live surrounded by Australia, but what I would do is.
Let the neighbour who wants to repair barricade pay $600 towards it, next have the other neighbour foot the bill for the be a foil for ($4,400) if they want it replaced.
Problem solved!
i dont see how you can have a shared barricade.
if both neighbors own the land, the blockade must belong to one of them.
check property records, see who built it.
own the guy who wants the expensive balustrade move the fence put money on 1" onto his property. now he owns it and can build anything he wants.
I agree next to "frank s", and add that the "owner" of the wall is the person on whose property the barrier was built. The neighbors should locate the paling on the survey document that they received when they purchased their home. Someone's survey, if not adjectives of them, will show the fence inwardly the lot lines for their home.

Since fence installation requires a travel document from the local building and zoning department, go to that organization and review their file. That will potential indicate the fence owner, ie. the obstruction permit applicant. If this does not assistance, then .

If the blockade meanders across the lot lines, the starting point of the balustrade (ie. the lot line corners) would be a obedient indication of the fence's ownership. If the fence starts and later ends within a specific neighbor's lot flash, then the blockade would probably belong to that neighbor.

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