Is it rude to ask what exactly the commision rate is on the interview?
I'm going to be interviewed tomorrow by a Real estate broker, and i've been thinking more or less which questions to ask him. Do you give attention to it would be rude for me to ask what the inital commission split will be if I'm hired?Answers: I would be careful surrounded by doing it but most jobs at the pause of my interview when they ask if you have any question I have asked what exactly the pay envelope was. I enjoy never had an employer that minded the request for information just trade name sure that it doesn't sound close to your biggest concern.
Yes. That's part of a chore interview. "Hey, how much money am I going to be making."
It's not just just about whether or not they want to hire you, it's also about whether YOU want to work for THEM.
Whoa - you hold totally got the wrong attitude going into this point. The broker is not interviewing you, you are interviewing him/her. They work for you, and you should be the one asking the questions. Remember, when it comes down to it, you are the one paying his wages.
And no, it is not rude to ask what the commission rate is - but do yourself a favor, and explain what commission you want. There is currently a over supply of Brokers (their numbers almost doubled countrywide between 2001-2005). There are plenty of brokers out there for you to procure exactly what you want.
Do yourself another favor, and do some research into what questions you should be asking of your hot employees (i.e. Realtor/Broker). You are going to be the one paying them, they work for you.
Of course it's not rude. You're not getting a net, you are working on a commission split. Say you do their training (some brokers have training)... spend money, and come contract sign time you see you're on a 30/70 split (no, NOT 70/30, but 30/70... so YOU bring 30 broker gets 70). That is not obedient at all unless the property is over $500,000 and commission is 2.5%+.
And dont forget it's not close to getting a high paying assignment in that there's going to be 5 interview or something.
The prime things you should know by the end of the interview:
Franchise fees
Deal tax (this is in extra to the broker's percentage)
Desk fee (shouldnt be any)
Commission split
What YOU gain for the franchise fee/other fees. Business cards, signs, etc...
Again, you do NOT want to get stuck paying adjectives kinds of things and soaring commission percentage and then find out you attain absolutely nil for it.
That should be your FIRST question!
You are a 1099 independant contractor. There is no more celebrated question to ask.
I've be doing real estate for over 12 years and that would be the most meaningful question to ask as they adjectives vary and it help you know what company has the best agreement for you as well as for them.
Not rude at adjectives. I suspect the split will be part of the broker's pitch, you probably won't enjoy to ask.
He'll tell you during the interview...to be precise usually part of it.
Understand that you don't grasp "hired" you get signed on. You will not be remunerated a salary or receive any benefits...anything you generate you own to go out and pound the pavement and bring the business within yourself.
Condos - drawbacks?
Hi. I currently rent, however I am considering purchasing in the subsequent year. I'm the type of guy that enjoys the conveniences offered by an apartment, so I'm inherently interested in a condo. I don't want to verbs about the outside appearance of my home (i.e. pasture, flowers, mulch beds, snow removal, etc) and I also love the widen floor plans and vaulted ceiling layouts that abundant condos offer vs. that of traditional homes. Lastly, it seem like condos travel for cheaper than homes of similar square footage. Besides the obvious association levy and limited privacy, what are some drawbacks or areas of concern next to buying a condo vs. a traditional home?Thanks
Answers: In a traditional home, you own everything. You own the airspace, the minerals and water surrounded by the ground, the ground itself, and of course, the house. You can do as you please (within zoning ordinances) to everything you own on that property.
In a condo, you own from wall to wall. While you repeatedly get "perks" similar to not having to mow the grass, you don't find to decide the outside at adjectives. You generally can, however, revision anything inside (except adding on).
There are perk and downsides to each. A condo is most commonly like a nice apartment - you retribution for upkeep, to keep a nice neighborhood, but you regularly still share property with your neighbors, be it a wall, a driveway, a garage. But you're still getting equity out of it approaching a house.
Well there's a couple things. I don't know where you're at, if within California, maybe I can assistance you as I'm a Realtor out of a West Los Angeles firm. Parking is something I try and find for a client, a private garage attached to the building is always preferred but these unit usually cost a wee bit more. In CA I like to see a portion of the homeowners fees going for earthquake insurance and I can`t bear to see fees above $300.00, it becomes approaching a mini mortgage. Also I don't like to show a section that has a bizarre view, read aloud of a commercial building; car lot etc. And, two and three unit are always easier to resell than 1 br unit. The laundry should be in the component and I like to find a 2 bedroom element at a 1 bedroom price, it's pretty easy to do immediately, it's definitely a obedient time to purchase. I'm not sure where the bazaar will be next year. Right in a minute a buyer doesn't have competition aft them submitting higher offer, next year it may be immensely different as I expect the market to grill up again...As a buyers agent it's a great time for me to present your offer and sledge hammer the price down to the acceptable array. I very right at putting the deal together.agree to me know if I can help..A single ethnic group residence, on a big lot, in a great location, is the better investment though...
Where to move contained by texas?
im thinking of buying a house to fix up and sell down south somewhere but im foreign with everything down nearby. ive heard that texas is ever expanding but i dont know where on earth to start looking for houses via the Internet. does anybody know any good citys to find houses. or anywhere else surrounded by the south west or south anyways.Answers: Frisco Texas it is 26 miles north of Dallas. You might want to try and post this in the Dallas cubicle you might get a better opinion from the people that do live within Texas I left some time ago but still drop by and there is abundantly to offer contained by Frisco.
san antonio there are alot of society here trying to get houses but they adjectives suck!