Question #1:
other than selling homes; what can someone with a Real Estate Broker's License do to make a living?
I just got my Real Estate Broker's License; ready to re-enter the work force after raising my children.(youngest now in college). I would like a STEADY income at first, as I get more comfortable with the industry. Is there something else I can do with my license other than sell homes?
Question #2:
i m going to make a pvt.ltd co. belong to real estate broking.can you sarges name for this compny pls...?
hi i m vinayak soni & i m working in real estate brokering sector.Question #3:
Can I break my lease in Los Angeles if the property manager is unlicensed?
The manager at the apartment I have rented is terrible - I don't want to go too far into detail but the worst was when our gas water heater was leaking gas and having miniature explosions under it for a month and a half (all the while I was telling the apt manager this, she kept saying it would be fixed tomorrow, next weekend, etc.)Point is, I have got to find a way to get out of this lease! Like an idiot, though, when there were issues dealing with the warranty of habitability, I only texted the manager (as she said this was the absolute best way to get in contact with her, as if she ever even replies..) and never sent her any official notifications via certified mail return receipt requested. It's specified in the lease that this is required.
So there's my whole story leading up to my real question.
On my lease, the landlord is listed as an LLC, with a PO Box address in Los Angeles.
The lease also specifies that I make out my rent checks to a different LLC. So the landlord is LLC number 1, and the check taker I guess is LLC number 2.
The MANAGER is defined as "the manager and/or the person who can accept notices and demands for the HP." She is the one who signed the lease, and the rent checks are sent to the same PO box that she is listed under. The Rent address and phone number are also all the same for her and the company - a po box.
I cannot find her licensed as a real estate broker or agent under any name that I can think of that she would be under! California law specifies that certain property managers who do certain things have to be licensed. Does she fall under this category, and if so, does that make my lease void? AND if my lease IS void, what do I do? Just leave or what?!
Just so you know - she does not live on the property, is extremely hard to get ahold of, and she is the one who signed the lease in representation of the landlord.
Any help is greatly appreciated!!!
I forgot to mention - the "landlord" LLC is also unlicensed, although it IS registered as a proper LLC in California. The "rent payment" LLC is NOT registered as an LLC in California as far as I can find, and is nowhere in the real estate license database, either. Even if the property manager doesn't have to be licensed, is it true that the company/person that hires them or owns the property DOES?
Question #4:
Please help! should a broker be doing an real estate open house alone in the house with the owner?
My husband often holds real estate open houses for 'single' sometimes interested female owners. They always seem to stay in the home with him (not leave during the open house) leaving them both alone in the home for sometimes 4 hours. Is this appropriate? This makes me feel so uncomfortable, I mean, even if they weren't interested, it would still be weird, they go on on about their personal lives and issues. My husband says I should trust and am wrong to make this an issue. Am I out of line? I feel it's risky business. Advice anyone?Question #5:
What will make me rich?
I know that there is no way to positively make me rich, but what will? I am 14, and I want to know what career will make me the richest. I am completely obsessed with becoming rich right now, I have read several books on it, and am reading everything I can on it. I am not interested in one of those scams -- I have came across several already. Here are a few things that interest me:Lawyer
Real estate broker
entrepreneur
Which of these will make me the richest? -- or suggest others.
Question #6:
property manager in florida with license?
I was a property manager for an apartment complex with 200 units in Florida. I do not have a college degree nor a real estate license. I was told by the company that I am fine as long as I am sponsored by a broker. Is this correct? Is it also the same if I manage homes? I now manage homes for a real estate company. I am 25 and been doing this for 3 years now and I do plan on getting my license but I want to make sure I am ok for now.Question #7:
Is the economy right to start a new career in real estate sales/broker or is this field...?
...saturated & market bad in NYC.I would appreciate an answer from those involved in this field working in New York before making an attempt to start a new career.
Question #8:
Remodeling/Real Estate investing business question.?
I'm going to start a remodeling and real estate investment business.Do I need to show my real estate broker's logo on my car or can I just display my logo.
Our motto will be Passion for Home Remodeling...Passion for Real Estate...
Question #9:
what is needed make profit off renting apartments?
Hi, I had a conversation with a few friends of mine who have multiple residential buildings around the NYC area. I was wondering what is needed to make profit for renting out those apartments for my friends. I am only interested in this as "money on the side" so i am not interested in working for a broker. Is just my real estate sales license enough to profit from renting out one of my friends apartments? I understand that when renting out the apartment a brokerage house would be collecting one months full rent as profit for renting out the apartment for my friends building. My interest is taking the spot of the brokerage house and being that middle man between the rent or and the landlord. Thank you for any help.Question #10:
Have you heard of the newest possible tax?
Take a look at this proposal that effects everyone. Thought I heard about "No New Tax" if you made less than some level of income ( who knows what level as it is a moving target)President Obama's finance team and Nancy Pelosi are recommending
a 1% transaction tax on all financial transactions.
His plan is to sneak it in after the November election to keep it under the radar.
See what Nancy has to say about this wonderful idea!
Click Here
(It's only 1%....come ON!)
This is a 1% tax on all transactions to or from any financial institution i. e. Banks, Credit Unions,
Mutual funds, Brokers, etc.
Any deposit you make will have a 1% tax charged.
Any withdrawal you make, 1% tax.
Any transfer within your account, a transfer to or from savings and checking, will have a 1% tax charged.
Any ATM transaction, withdrawal or deposit, 1% tax.
If your pay check or your Social Security is direct deposited, 1% tax.
If you carry a check to your bank to deposit, 1% tax.
If you take cash in to deposit, 1% tax.
If you receive any income from a bond or a dividend from stock, 1% tax.
Any Real Estate Transaction, 1% tax.
Sounds like a winner to me. And, what did Nancy say? That's right. its a great JOB Creator.
Question #11:
New York Real Estate Industry?
I am interested in becoming a real estate agent/salesperson/broker in New York City in the future. I am currently in high school and haven't really found a college that offers degrees in the real estate field in NYC. I did, however, find the New York Real Estate Institute (NYREI)... has anyone ever been there? Is it informative at worth going to? How much is tuition? How long does the course take? Do broker recruiters really come 6 days a week and hire students? Do you need to go to college in addition to courses at NYREI in order to get a good real estate job?10 points to best answer, THANKS!
Question #12:
What is an OM in real estate? Are brokers the bosses in real estate agencies?
Question #13:
What is the most lucrative type of broker/agent out there nowadays? View some examples below...?
Whether it be a real estate agent, currency trader, stock broker, commodities trader, real estate broker, investment banker, etc. Which of these or what else is the best career to go into and the most lucrative. Thanks!Question #14:
Do you have to own a house for a year before refinancing?
I am a real estate investor. I know that you used to be able to pay cash for a house that you purchased at a discount, and then refinance it for the amount that it appraises for. So for example you could pay $50 K cash for a house worth $75 K and then refinance and pull out more cash than you bought the house with.I recently checked with a mortgage broker and he said that you have to wait a full year before refinancing at the appraised value of the house. Did policies change or something? Are there any mortgage companies that will refinance immediately?
Question #15:
Can I get a HELOC on a home owned outright without a job?
So here's the deal. I was working as a teacher and an entrepreneur, but I decided teaching wasn't my thing, it was killing my ability to work on my business, and I really want to get into real estate so I didn't renew my contract with the school and am preparing to put all my efforts into real estate and my business. I have some savings, although licensing, realtor, mls, other fees are going to seriously eat away at them...So, I'll be a rookie agent in about two weeks after I pass my PSI and find a broker. My lease is running out and I don't want to renew it, a major reason being I do want to buy, and I have two dogs making it almost a necessity to buy. I'm lucky to have a fairly well-off family who is willing to "stake me" so to say during my initial ramp-up period in real estate and I'm looking at a house that would be a lot better than renting. In fact, I believe I could rent out the extra bedrooms and live for free with my two dogs and begin building equity..
My dad would be willing to pay cash for it and gift it to me (or otherwise, gift me the cash, and me buy it) and then I was going to pay him back by taking out a HELOC and writing a check. This gives me a more favorable rate and some flexibility like a neg-am.. but.. I just left my stable job to go prospecting for huge commission checks that might come in right away or could be months away so I'm worried that a bank won't offer me a heloc... or might want a higher rate.
So the question is will a bank do it for me? My dad isn't willing to buy me the house, only help me acquire the house, so I must be able to get the HELOC to pay him back or else it is no dice.
Question #16:
Real Estate By Owner?
When you are buying a house which is for sale by owner and you are an agent/broker, do you need written documentation from the seller?Question #17:
What do you think of a father who desires to murder his two adult twin sons for life insurance money ?
Reputed millionaire Richmond, Virginia real estate business owner has lost a lot money in 30 years due to gambling addiction and a greedy shopping addicted second wife. Is heading into retirement, and does not have enough cash as he would like to be comfortable to continue to support his assets, his lifestyle, his young adult grandsons and pay for retirement for his now 47 year old daughter who works for him in the office. He has a health issue of severe degenerative spine disease that will worsen so he cannot continue to earn his high income as real estate broker and home builder/business owner. He is the son of smuggler.He feels his twin sons lives are not worth much as they are socially and financially vulnerable. So, he feels he needs the life insurance money to be happy and support his most beloved family members because he said "I worked hard and I deserve it!. The other family members support his decision and will benefit, and all of them are using slander and sophisticated corruption tactics to reign in the smartest twin who is trying to defend himself and his mentally challenged identical twin brother. Political psychiatry has already been used to label the smart twin with severe mental illness because he has made accurate complaints about corruption tactics that have been used. Police have been consulted and believed this story was accurate; however was not enough evidence to make a case. What can be done?Question #18:
Do you think BP should compensate real estate agents who lost business due to the spill? Why or why not?
I think it would immensely helpful if you would kindly put your level of education along with your response. It would help me put your response into perspective. Also, it would be interesting to see how educated the yahoo answers community really is and whether I should even bother posting questions and hoping for intelligent answers or not.Obviously its up to you whether you do this or not but if you don't it would probably be a safe bet that you probably dropped out of high school and didn't earn your GED. For the record, I think getting a GED is great at least it shows you got back on the right track and you get a gold star for that! Seriously though, its not a bad thing.
As for me; All I have is an associates degree. I will be the first to admit I'm not an intellectual giant but I'm also still in school and still learning.
And please PLEASE? read the link before answering my question. I ALWAYS ask this and it seems that nobody EVER does. WHY? It's not hard. The article is about four or five paragraphs long. It should not be too hard for someone who is moderately literate to understand. Please and thank you.
Click Here
Question #19:
what do I need to sell a house?
I have a friend that will sell me a house. We already know the price and agree. Do I need a real eastate broker or a real estate lawyer?Question #20:
Is it illegal for a real estate broker to disclose buyers of nearby subsidize housing projects?
Doesn't HUD say that it is against the law for real estate brokers to tell their buyers regarding the existence of subsidized housing nearby the property that's for sale? Can anyone link me to this law? Greatly appreciated!** Powered by Yahoo Answers