http://www.megiftsgalore.com/housing-case/
The answer to today 's is a VERY BIG NO! You do not need a license real estate agents in big houses! And here 's why: Let's start with the realtor, a real estate agent has no real interest in the property to help the client to buy or sell. A real estate agent is simply offering a service to a customer, either by helping the client to buy or sell a property.
Now, wholesalers, real estate has no real interest on the property are involved. This interest is to buy the property or she is interested in, wholesaler really put 's property is under contract and controlling interests in the contract to purchase real estate. The contract on the property makes the wholesale buyer.
The agency receives a commission by its usually a co-agent to clear multi-list (the list is multi where the property is sold so that
ALL REALTORS that belong to the list of many can help to sell the properties to the list of players, generally pays half List of staff of the Commission, which in this case would be 3% or $ 3000.00 in this example) if they are selling. This fee is negotiable and is paid by the seller of the property buyer. Then, in a case when the house sells for $ 100,000.00, if the seller's agent sell the property can receive their commission from 6% to $ 6000.00 at the close of its services. If an agent sells the property competitive, which would receive a 3% of $ 3,000.00 and the listing agent would also commission of 3% or $ 3000.00 as well.
Not bad, but not as lucrative as you would at home of wholesale real estate at similar prices. If a wholesaler is closing in on an agreement 100,000.00 dollars that would be a property worth at least 170K 200K according to much the amount of work necessary to repair the property because the wholesaler buys 40 to 60% of fair market value of properties.
For there is no real science in the percentage of how much a wholesaler in a real estate transaction, no set of the Commission. The wholesaler can do what think you can "get " out of the operation. So, speaking only of similar experience in wholesale price which closed down in recent years, I expect to make between $ 10,000.00 and 15,000.00 as a wholesaler in this case.
So you can see in this example, the wholesaler who control much better balance in the same property that the 's sold!
Once again, the wholesale real estate to sell 100 units a year and do not need a license, because agents real estate "contractual interest " in the property between him and the seller of the property and the agent has absolutely no interest hired for what is on farms. Realtors are simply not paid for their services to sellers and buyers of property in the form of a commission thus require a license.
Wholesale is a perfectly legal way to buy and sell multiple pieces of real estate without required license never!
More Videos Questions? target = "_blank"> www.FAQMentor.com
About the Author:
Since 2001 Eddie Case has flipped several hundred houses in the Harrisburg, PA region. Eddie’s “straight line” approach to Wholesaling revolves around the unique specialty of
“assigning his contracts” to other investor/buyers commonly, this technique is known as assignments. Eddie is the host of his own weekly radio talk show “Reality Real Estate” where he educates his listeners on the subjects of wholesaling and assignments. Eddie is dedicated to helping others succeed through understanding and applying his time tested, step-by-step approach to wholesaling houses.
Article Source: ArticlesBase.com – Do I Need A Realtors License To Wholesale Houses?
HOW 2 FIGHT A HOUSING COURT CASE IN NYC Part 1
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