Posts Tagged real estate transaction
The Difference Between a Real Estate License and Broker License
You’ve decided that you want to get your real estate license. You’ve heard of a broker license too. What is the difference between these two real estate professions Unless you’ve been involved in a real estate transaction or are familiar with the careers, you might not know the exact differences.
If you want to pursue your real estate license, you should thoroughly understand the similarities and differences.
All states require that real estate sales professionals, including salespersons and brokers, be licensed by that state. Brokers will generally be required to complete more real estate education and experience than a salesperson.
A real estate agent is usually an independent contractor who provides his or her services to a licensed real estate broker on a contract basis. In return, the real estate broker pays the salesperson a portion of the commission earned from the agent’s sale of the property.
Tags: best possible price, commission basis, real estate broker, real estate education, real estate license, real estate sales, real estate salesperson, real estate salespersons, real estate transaction, suitable propertyRelated posts
Keys To Closing Commercial Real Estate Transactions
Anyone who thinks Closing a commercial real estate transaction is a clean, easy, stress-free undertaking has never closed a commercial real estate transaction. Expect the unexpected, and be prepared to deal with it.
I’ve been closing commercial real estate transactions for nearly 30 years. I grew up in the commercial real estate business.
My father was a land guy. He assembled land, put in infrastructure and sold it for a profit. His mantra Buy by the acre, sell by the square foot. From an early age, he drilled into my head the need to be a deal maker; not a deal breaker. This was always coupled with the admonition If the deal doesn’t close, no one is happy. His theory was that attorneys sometimes kill tough deals simply because they don’t want to be blamed if something goes wrong.
Over the years I learned that commercial real estate Closings require much more than mere casual attention. Even a typically complex commercial real estate Closing is a highly intense undertaking requiring disciplined and creative problem solving to adapt to ever changing circumstances. In many cases, only focused and persistent attention to every detail will result in a successful Closing. Commercial real estate Closings are, in a word, messy.
A key point to understand is that commercial real estate Closings do not just happen; they are made to happen. There is a time-proven method for successfully Closing commercial real estate transactions. That method requires adherence to the four KEYS TO CLOSING outlined below
Tags: adherence, admonition, commercial real estate, creative problem, estate business, key point, persistent attention, real estate closings, real estate transaction, real estate transactionsRelated posts