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Subjects>Business>Finance

Why is real estate fees are so high?

Anonymous

∙ 16y ago

Updated: 9/14/2023

The cost of running a real business including advertising and membership fees are one of the reason. Average realtor in Ontario earns approximately $40,000 per year. After deducting the cost of business operation they may net $30,000 per year.

Wiki User

∙ 16y ago

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Continue Learning about Finance

Can a married couple get a mortgage in only one name in Oregon?

All the owners of the real estate must sign the mortgage so that the lender can foreclose in the case of a default.All the owners of the real estate must sign the mortgage so that the lender can foreclose in the case of a default.All the owners of the real estate must sign the mortgage so that the lender can foreclose in the case of a default.All the owners of the real estate must sign the mortgage so that the lender can foreclose in the case of a default.

Can you act as your own real estate agent and still receive commission?

No, you cannot act as your own real estate agent and still receive commission. Real estate agents typically earn commission by representing clients in real estate transactions, so if you are representing yourself, you would not be eligible to receive commission.

Where get real estate agent license in mumbai?

There are many ways where you can get real estate license. There are some courses and institute that are provided by the state government so that it can be simpler to evaluate the expertise of a candidate who lacks a license for real estate. You can also find some community colleges which can enroll for taking the license exams of real estate. These colleges are established by state government. In addition to passing of the real estate exam, you require to pay some amount of fee so that you obtain your license.

Can you file for bankruptcy and become a real estate agent?

Yes/Maybe But I would check with your Real Estate Agency to make sure for your state. With this type of market most agents are getting out of Real Estate so by the time you get your license hopefully the market will be better. GOOD LUCK!!

Can a real estate salesperson request direct payment out of escrow and not through broker for a real estate sales commission in California?

It is not permissible for Real Estate Salespersons to be compensated by anybody other than the Salesperson's Broker. To do so would violate California Real Estate Law. The California Business Code Section 10132. defines a real estate salesperson: A real estate salesman within the meaning of this part is a natural person who, for a compensation or in expectation of a compensation, is employed by a licensed real estate broker to do one or more of the acts set forth in Sections 10131, 10131.1, 10131.2, 10131.3, 10131.4, and 10131.6. Krista Railey

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Related Questions

Where can one find assistance to sell a property?

One can find assistance to sell property by visiting local real estate agents. Unfortunately, they do largely charge high fees so a number of sellers are opting to find assistance on the Internet.

What type of degrees are required to become real estate agent?

It does not require much education to get into real estate. A GED or High school diploma is all that is required to take a real estate class. The real estate class usually requires 6 months or so of training and then you're ready to go! After you take and pass your real estate courses and have a license, you can get further education as a real estate broker but you can sell without a broker's license.

Why did real estate industry start in india?

Nowadays real estate business is booming in India. Most of the big company are started investing on real estate business. So real estate is good business in India.

What skills and qualifications are needed to become a real estate agents?

For becoming a real estate agent, you would need to first go through some type of real estate training courses. Than you will need a to get an actual real estate license so that you are able to sell real estate.

How does one get a job in commercial real estate research?

Researching commercial real estate is usually part of the job of a real estate agent. So if you are a real estate agent you most likely need to be have knowledge of researching commercial properties.

What do real estate consultants do?

Like most consultants, real estate consultants give advice to real estate purchasers on what they should do. Anyone can brand themselves a real estate consultant however so it's not always professional work.

What is an estate sale of real estate?

An estate in this sense refers to the real estate owned by a decedent at the time of their death. The purpose of an estate sale is to sell the property of a decedent so the proceeds can be distributed to the heirs. After an owner of real estate has died, their estate must be probated so the real estate can be sold. The sale must be handled by an estate representative duly appointed by the probate court and that representative must have the proper authority to sell the property. An estate sale of real estate would be a sale of the real property owned by the decedent.

What is the difference between infrastructure and real estate business?

Real estate is land and everything permanently attached to it -- so a house is real estate, but a mobile home is personal property. Infrastructure is roads, bridges, sewer lines, etc. Since these items are permanently attached to the land, they are part of the real estate (a subset of real estate).

Can your probate attorney collect his money through a probate account if you don't have money to pay him?

The estate is responsible for the fees. So, yes, he can collect his money from the estate.

Is it required for seller to prorate real estate taxes?

Real estate tax laws in the United States vary state by state. However, I do not know of any state that requires the seller to prorate real estate taxes. Instead the proration of real estate taxes is local custom and generally written into an agreement to buy or sell real estate. Contractually, upon agreement of the parties involved, the real estate taxes are generally prorated so that whoever owned the real estate during the calendar year pays for that same portion of the real estate taxes.

How does my real estate tax increase?

Your real estate tax can increase whenever one of four things happens: (1) your real estate assessment increases (usually a result of increased market value of real estate); (2) the taxing agencies increase the real estate tax rates that are levied against real estate assessments; (3) you no longer qualify for an assessment or real estate tax abatement, deferral, or exemption; and (4) changes in real estate tax laws or sunset legislation no longer allows assessment or real estate tax caps to apply. A combination of one or more of these can also occur. For example, real estate assessments can decline as a result of weakness in the real estate market but tax rates increase so that the actual amount of real estate taxes you pay will be more than the previous year.

Why is real estate on a waterfront often more expensive?

It is often more expensive because the available real estate on a waterfront is very limited. It is not common and so, the price is more expensive than a typical real estate.

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