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How to Build a Real Estate Investing Power Team By: Adem Hamidovic: As you continue to read about real estate investing, you will no doubt come across the term 'power team'. What is this... I posted is called a 'ghost ad', used to guage interest in something. You may not feel entirely comfortable with this, ... Free Real Estate Listings on Real Estate Gates By: Cameron Lindblom: Advertise your property listings for FREE! About 1500 realtors from all over the world have already taken advantage. R... FREE** - the offer is available from Feb 15 till May 15If you are registered with the Directory, your listings will con... Dealing With Dual Real Estate Agents By: Jakob Jelling: Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one ... pays their commission, and agents therefore have a fiduciary relationship with the seller. This in no way means that ag... Joint Ventures In Real Estate Development; So How Do They Work? By: Colm Dillon: There are many reasons why you would consider joining with another person to undertake a development project in Joint... share will be $100,000 less. Got It?Now let's say that part of your skills contribution to the JV includes a rezoning o... This Is A "No Real Estate Guru Zone" By: Mark Walters: I am stunned when I hear that many of the so called real estate gurus are charging from $3,000 to $15,000 for their se... own to learn about real estate investing?" Then I offer the following suggestions:Go to your public library and read al... How to Become a Real Estate Agent Andre McFayden, Ph.D.The process of becoming a real estate agent is fairly simple, although it does vary a lot from state to state. Here are the fundamentals of becoming a real estate agent. a) License Requirements Each state has different licensing laws, so you will need to look at your local requirements. However, in general you will have to: -Meet an age requirement -Pass a background check -Complete approved real estate courses from a state-approved school -Pass a state exam -Complete an application form -Submit various fees Agents just getting their license work for a real estate broker. If you decide at some point to work for yourself, you will need to earn a broker license. Most new agents sign on with one of the large company brokerages. Most successful agents, even if not self-employed, treat the real estate profession as their own business, instead of just a job. This attitude will go a long way to ensuring your success. b) What is a REALTOR®? Many people are confused about the difference between a real estate agent and a REALTOR®. A real estate agent becomes a REALTOR® when he or she pays an annual fee to the National Association of REALTORS® and subscribes to its Code of Ethics. The agent joins through the local (city) board or association. Membership in the REALTORS® is optional, but help enhance your career. c) How much can a real estate agent earn? Real estate agents more often than not are paid on commission. This commission is a percent of the selling price of the property. The seller will generally pay 4-6% of the sales price as the fee for having an agent handle the complex job of selling their property. The funds will often be split equally between the seller's broker and broker who finds the buyer. As an example, if the fee for a $300,000 property is 6%, the buyer's broker will be paid 3% or $9000 and the seller's broker will also be paid 3% or $9000. The agent is paid by his or her broker, using their agreed-upon commission split. This is often 50-50 for new agents, so in that case the agent in our example would be paid $4500. So to answer the question, the amount that a real estate agent can earn is only limited by the number of transactions that he or she can close. Visit Real-Estate-Career-Info.com for requirements for obtaining a real estate license in your state. This article may be reprinted if proper credit is given and all links left intact. Copyright©2005 Real-Estate-Career-Info.com About the Author Andre McFayden, Ph.D., is a Real Estate Broker and contributor to Real-Estate-Career-Info.com. 
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