St. Joseph Patron Saint of Carpenters, Woodworkers, Cabinet makers and Fathers. Pictures usually portray a man of patience and perseverance and steady work, with tools as a symbol of St. Joseph.
Real Estate Websites Resources
Real Estate Websites Links
Category
Directory » Real Estate Websites
» Add
your link
Search the Directory:
0 - 0 of 0 total links
More Real Estate Websites Resources...
Calculate Capitalization Rate posted on February 16, 2010 10:53:31 am To calculate capitaliztion rate (cap rate) for an income property that sold recently, you would divide the net operating income by the sold price to determine the capitalization rate. This percentage number could then be used to determine the value of another property if you know it's net income.
Real Estate Calculations posted on February 16, 2010 10:53:31 am A spreadsheet real estate financial calculator solution. Set up to quickly calculate gross potential income, gross operating income, gross rent multiplier, net operating income, cash flow before taxes, cash flow after taxes, break-even ratio and return on equity.
Rental Property Depreciation posted on February 16, 2010 10:53:31 am One of the advantages of owning rental real estate is tax deductions that can offset income from operations of that property as well as others in some cases. Here's how depreciation works on a rental property.
The Real Estate Short Sale posted on February 16, 2010 10:53:31 am Real estate investors can frequently make very profitable purchases of real estate through a short sale. Many short sales do not get approved or fall through for a variety of reasons. Learn here the step-by-step process to initiate a short sale, starting with the homeowner-borrower and moving through lender negotiations to the closing.
BPO, the Broker Price Opinion posted on February 16, 2010 10:53:31 am The BPO, or Broker Price Opinion, is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary. Learn here when a BPO might be used, the types of BPOs and more.
Calculate Compound Interest posted on February 16, 2010 10:53:31 am Compound interest is interest on principal plus interest on the accumulated interest. Real estate investing requires a knowledge of how to calculate compound interest.
Rental Mortgage Interest posted on February 16, 2010 10:53:31 am In our series examining a fourplex rental property's income and taxes, we're now looking at the mortgage interest deduction. This is frequently one of the largest write-offs for the owner.
Calculate Simple Interest posted on February 16, 2010 10:53:31 am The formula and method for simple interest calculation, using principal amount, rate and time is presented here. Used frequently by those in real estate investing.
Gross Rental Multiplier (GRM) posted on February 16, 2010 10:53:31 am Gross Rent Multiplier or GRM is a tool used to assess the approximate value of a rental property by comparing its rental income with other like properties.
HUD-1 Settlement Statement posted on February 16, 2010 10:53:31 am One of the first things every new real estate agent should learn is the HUD-1 Settlement Statement inside and out. After all, you'll be going over it with clients and frequently be asked to explain items or how they're calculated. Here's a completed example HUD-1 on a .pdf with live links to instructional quick tips for the items.
Calculate Net Operating Income posted on February 16, 2010 10:53:31 am Net operating income or NOI is the monetary result of subtracting operating expenses from Gross Operating Income. Gross operating income is that income after deductions for vacancy and credit loss for a rental real estate investment property.
Rental Property Returns posted on February 16, 2010 10:53:31 am Using an example fourplex rental property, we analyze how it cash flows and the tax advantages of ownership.
Gross Potential Income posted on February 16, 2010 10:53:31 am Gross Potential Real Estate Income - This is an easy calculation of the expected gross revenues from an income property. For rentals, the monthly or annual rents for all the units is totaled. No losses for vacancy or non-payment are considered. In other words, the property is considered fully occupied with all payments collected.
Calculating Net Rental Yield posted on February 16, 2010 10:53:31 am Many believe that consistently better returns on investment can be realized in real estate investment rental property than can be gained in stocks or bonds investments. The start of the process is an accurate estimate of rental yield for a property. See how to calculate it here.
Value from Capitalization Rate posted on February 16, 2010 10:53:31 am If the net operating income of a property is known, and it is divided by the capitalization rate for similar properties, the approximate current value of the property will be determined.
Rental Property Cash Flow posted on February 16, 2010 10:53:31 am Many a wealthy person got that way with real estate. A smart buy on a rental property and good management can provide cash flow for other uses or investments. Here's a fourplex example.
Real Estate Courses Online posted on February 16, 2010 10:53:31 am Free online real estate courses for new and experienced agents, brokers and real estate investors. Real estate math, expenses, income, investing, risk management and much more.
Special Warranty Deeds posted on February 16, 2010 10:53:31 am A special warranty deed provides less protection for real estate buyer than a general warranty deed. The grantor warrants that they have legal title, and have not encumbered the property during the time they've held title.
Capitalization Rate posted on February 16, 2010 10:53:31 am The capitalization rate, or cap rate, of a property is a percentage number applied to future income to determine current value. This formula is written as Cap Rate = Net Operating Income / Value.
Real Estate Agent Activity posted on February 16, 2010 10:53:31 am Far from just driving buyers around or placing for sale signs in yards, the daily routine of a real estate agent involves a great many interactions with title companies, other agents, brokers, attorneys, home inspectors, appraisers and more. Then there's the marketing and paperwork activity to top it off.
When to Use a BPO posted on February 16, 2010 10:53:31 am Lenders, banks and loss mitigation companies use real estate brokers to provide a BPO, or broker price opinion, in certain situations where an appraisal isn't necessary or desired. Learn more.
Real Estate Agent Expenses posted on February 16, 2010 10:53:31 am Successful business people know their costs as well as their projected income. To remain in your real estate business, you must cover your real estate agent expenses as well as personal costs.
Real Estate Domain Names posted on February 16, 2010 10:53:31 am Many wonder if they should use their own Name as their real estate web site domain name. Though it can be one of the names that point to your site, it shouldn't be the primary. It doesn't have to include "real estate" but there are those who believe it helps with the search engines.
New Agent Business Plan posted on February 16, 2010 10:53:31 am Beginning a new real estate agent career is exciting, but it is a business. Since it's a business, you need a new real estate agent business plan. What you do early on can make the difference between success and failure. Find out the most important first things to do. They involve education, marketing, budgeting, determining costs, prospecting, your sphere of influence and more.
Real Estate Types of Deeds posted on February 16, 2010 10:53:31 am Types of deeds used to convey real estate. Learn types of deeds and what each conveys from grantor to grantee.
Commercial Lease Calculations posted on February 16, 2010 10:53:31 am Commercial Lease Calculations - Tools for Commercial Lease Calculations About>Business & Finance>Real Estate Business Essentials Investor Valuation Tools Real Estate Success Classes Annual Budgeting Plans A Day in the Life of a Listing Agent Outlook for Your Business
Property Management Responsibi posted on February 16, 2010 10:53:31 am Real estate property management is an area of specialization that involves four basic areas of responsibility. Marketing/Financial, Tenant and Occupancy, Facility, and Administrative are those four areas. Get more detail here on these four areas of real estate property management responsibility.
Short Sale Lender Negotiations posted on February 16, 2010 10:53:31 am Lenders turn down a lot of short sales, wasting time and money for investors, sellers and real estate professionals. Learn how to get the deal closed.
Short Sale Evaluation Process posted on February 16, 2010 10:53:31 am The first step in the successful short sale transaction is to evaluate the situation of the homeowner, which includes the home's current value, as well as the mortgage information.
General Warranty Deed posted on February 16, 2010 10:53:31 am A General warranty deed legally binds the grantor with certain covenants or warranties. Covenant of seisin, covenant against encumbrances, covenant of quiet enjoyment, covenant of further assurance, covenant of warranty forever.
Why Real Estate Agents Fail posted on February 16, 2010 10:53:31 am Assure your success in a real estate career by knowing the reasons others fail and taking action to overcome them. Competition, variable income commissions, burn-out, and unrealistic expectations are all important contributors to failure in the business.
Gross Operating Income posted on February 16, 2010 10:53:31 am In real estate investment, we want to estimate the income of a property with a realistic estimate of losses due to vacancy and bad credit. This is called gross operating income or GOI. We subtract those estimated amounts from Gross Projected Income to arrive at Gross Operating Income.
C.L.U.E. Report in Real Estate posted on February 16, 2010 10:53:31 am C.L.U.E. (Comprehensive Loss Underwriting Exchange) Reports give the insurance claim and loss history for a residential property. Insurers regularly report property losses to a company that compiles the C.L.U.E. Report to a homeowner. Only the homeowner or a prospective insurer can order it.
Quitclaim Deeds posted on February 16, 2010 10:53:31 am The Quitclaim deed is the least protective for the buyer. Types of deeds. Real estate deed types.
Real Estate Career For You? posted on February 16, 2010 10:53:31 am Choosing a real estate career is a big step. Find out if you are suited to work independently and without a fixed salary, as well as if you're up to the task of building your own real estate business.
Comparative Market Analysis posted on February 16, 2010 10:53:31 am A good comparative market analysis, or CMA, is simply defined as one that helps to yield an accurate and reasonable listing price for a property. However, easily defined and easily produced are not the same. A good CMA requires attention to detail, mathematical skills, experience and a bit of creative thinking.
Cap Rate Calcs for Clients posted on February 16, 2010 10:53:31 am Capitalization rate is a common method used in the process of arriving at the value of an income property, such as rental units, commercial rental space, etc. Learn the calculations you'll need as a real estate agent to work with your investor clients.
Commercial Real Estate Start posted on February 16, 2010 10:53:31 am A common question is whether a person new to real estate should start out as a commercial real estate agent, or work into it from residential or another area of real estate. The decision requires an assessment of finances and abilities. A different skill set is required, and the first commission can be a long way in the future.
Tips for the Real Estate Exam posted on February 16, 2010 10:53:31 am Prioritizing your study subjects, and getting reliable resources and information are key to successfully passing the real estate license test. Real estate license exam tips are outlined here.
Calculate Loan to Value Ratio posted on February 16, 2010 10:53:31 am When working with real estate clients, agents and brokers are frequently tasked to help buyers to determine what they can afford in a home. One of the factors is the size of the mortgage they can get. The loan to value ratio is the percentage of a property's value that is mortgaged. Lenders will make mortgages based on maximum loan to value for different types of properties.
Real Estate Investing Analysis posted on February 16, 2010 10:53:31 am Rate of return is a measure of profitability; it measures the cash that a project will generate vs. the cash that you have to put into the project.
Calculate the Break-Even Ratio posted on February 16, 2010 10:53:31 am The break-even ratio of a real estate investment is the total of the debt service and operating expenses divided by the gross operating income. It is expressed as a percentage, the lower the better when lenders are looking at a deal.
Lender Process for Short Sale posted on February 16, 2010 10:53:31 am Once the short sale package is submitted to the lender, there are a number of actions the lender takes before making a decision as to whether to approve the short sale or not.
Triple Net Commercial Lease posted on February 16, 2010 10:53:31 am The triple net lease in commercial real estate is used extensively in industrial and retail multi-tenant properties. In this type of lease the tenant pays certain expenses directly in addition to their rent.
Real Estate Income Method posted on February 16, 2010 10:53:31 am Appraisers and real estate investors use the income method to value properties that produce rental income in some form. The net income a property generates is used to determine its fair market value. Primarily, capitalization rate and gross rent multiplier are calculations used in this method.
Real Estate Easements posted on February 16, 2010 10:53:31 am Easements are the right of someone to utilize the real estate owned by another. Real estate easements can be created by written agreement of the parties, a deed conveying a property, condemnation, court order, prescription or by necessity.
Compensation in Real Estate posted on February 16, 2010 10:53:31 am Traditionally, agents are sponsored by brokers and receive certain services from their broker. Commissions coming into the brokerage are split on a percentage basis between the broker and the agent. Learn more about how that split works here.
Starting as a Part Time Agent posted on February 16, 2010 10:53:31 am Find out the pros and cons of starting your career as a part time real estate agent. See what it takes to make the part-time strategy successful.
A Career in Real Estate posted on February 16, 2010 10:53:31 am Real estate career benefits are many, and include the ability to be your own boss, set your working hours, build your own independent contractor business, create financial security and more. Pursuing a career in real estate has created many successful business people.
Brokerage Office Management posted on February 16, 2010 10:53:31 am Learn the basics of real estate brokerage office management. An introduction to insurance, risk management, marketing, purchasing, sales and lead management, office and staff considerations.
New Real Estate Agents Plan posted on February 16, 2010 10:53:31 am Getting your license soon, or a new real estate agent? Here's a detailed plan for start-up success. Learn what you have to do for income and expense budgeting, choosing a broker, new agent marketing and more.
Contingency in Real Estate posted on February 16, 2010 10:53:31 am A contingency, or condition, is written into a real estate contract to specify an event that, if it happens, the contract would cease to exist. An example would be a purchase contingent upon the buyer obtaining a loan at a specified interest rate or lower. Should the buyer be unable to do this, the contract would end.
Choose a Real Estate Broker posted on February 16, 2010 10:53:31 am Too many new real estate agents think that to choose a real estate broker is primarily based on commission splits. It's not all about the split, as the final in-your-pocket income has to do with many variable services provided by brokers. What training and education do you need and they offer? Do you need lots of floor time and leads provided by the broker?
Fee Simple Estates posted on February 16, 2010 10:53:31 am A fee simple estate in land is the highest form of ownership recognized by law. The property owner is entitled to the full enjoyment and use of the property subject only to limitations such as deed restrictions or zoning.
Drive By Broker Price Opinion posted on February 16, 2010 10:53:31 am A drive by BPO, or broker price opinion, seems like it could be as simple as driving by and shooting a picture or two from the car. Learn here what else can be involved.
Bundle of Legal Rights posted on February 16, 2010 10:53:31 am The bundle of rights that the owner of real property has are those legal rights of ownership including, enjoyment, exclusion, disposition, possession and control.
Major Property Types posted on February 16, 2010 10:53:31 am Basic description of the major types of real property as marketed by real estate agents and brokers. Vacant land, residential, commercial, and multi-family are included.
Real Estate Business Cards posted on February 16, 2010 10:53:31 am Don't forget the purpose of your real estate business card when doing the design for a custom card. Though the world is going digital, there is still a use for business cards, and one of your most important design considerations should be how well it will convert to digital with a business card scanner. Don't get too graphic, but if you do use images, be sure to make the text clear and prominent.
Calculate Return on Equity posted on February 16, 2010 10:53:31 am Return on equity, as calculated in the first year of a real estate investment, is the cash return after taxes divided by the cash invested in the property.
Jumpstart Your Real Estate SOI posted on February 16, 2010 10:53:31 am Every real estate agent has a sphere of influence, a group of people upon which they have some influence, if for no other reason than they know you. This group will be a future source of business. Increasing the size of your sphere of influence will bring you much business over time.
Real Estate Lease Purchase posted on February 16, 2010 10:53:31 am Using a least purchase agreement can be beneficial to both buyers and sellers of real estate. Learn why and how here.
Investment Property Returns posted on February 16, 2010 10:53:31 am Real estate investment property provides numerous advantages over other types of investments. This is primarily due to the different ways in which the real estate investor can realize returns on their property investments. These include mortgage payoff, appreciation, tax advantages, gains from inflation, and more.
Addendum in Real Estate posted on February 16, 2010 10:53:31 am An addendum should not be confused with an amendment. While an amendment modifies a previously accepted contract, an addendum is part of the original contract. It adds necessary information, requirements or explantory documents to the original contract or purchase agreement. Once an agreement is reached and the contract accepted, additional documents are not added as addendums.
Types of Broker Price Opinions posted on February 16, 2010 10:53:31 am The two major groupings of BPO, or broker price opinions, are the drive by and the internal BPO. Learn more about them here.
Commercial Real Estate Leases posted on February 16, 2010 10:53:31 am Commercial leases for real estate are quite varied in types and terms. Learn about Gross, Triple Net and Modified Net leases here.
Short Sale Hardship Letter posted on February 16, 2010 10:53:31 am Lenders resist short sales, so one of the first things the borrower needs to do is to convince them that it's really their best chance to recoup the most of their investment.
Online Office posted on February 16, 2010 10:53:31 am Learn through a step-by-step process how to set up a free set of online collaboration tools to manage your real estate business email, contacts, calendar and more.
Real Estate Budget Planning posted on February 16, 2010 10:53:31 am As a real estate agent or broker, you're an independent contractor. Expenses and income for your business should be estimated carefully and a plan put in place to create the income to surpass expenses. With spreadsheets and the sales funnel process, it's not difficult and well worth a couple of hours of your time.
Listing Presentation Prep posted on February 16, 2010 10:53:31 am Before you get in front of that listing prospect, be sure you have your ducks in a row. You're presenting your experience, expertise, marketing and transactions services.
Addendum or Amendment posted on February 16, 2010 10:53:31 am Real estate agents need to be sure that they know the difference between an amendment and an addendum to a real estate contract or purchase agreement. In real estate contract law, using the wrong document could lead to more than just a red face. An amendment changes an already-executed agreement, while an addendum is an additional document included in the original agreement.
BPO or Broker Price Opinion posted on February 16, 2010 10:53:31 am A BPO, or broker price opinion, is a broker's opinion of the value of a property in the current market. This term, and the product, are used mostly by lenders and banks that have properties facing foreclosure.
Gross Commercial Lease posted on February 16, 2010 10:53:31 am The commercial gross lease is sometimes also called a full service lease. The landlord generally agrees to pay all expenses in this type of lease, including taxes, insurance and maintenance.
Vacancy and Credit Loss Calc posted on February 16, 2010 10:53:31 am Rental vacancy and credit loss is the estimated dollar amount of lost rental income due to vacant units and non-payment of rent.
Operating Expenses & Cash Flow posted on February 16, 2010 10:53:31 am If you're considering investing in real estate rental property, be sure that you understand the way that expenses and income are calculated and discussed. Operating expenses is one area of misunderstanding.
Commercial Real Estate? posted on February 16, 2010 10:53:31 am There is an allure to commercial real estate. Many a residential real estate agent has considered the switch. However, know what's required first, and try to plan for your success.
The Funnel Approach to Income posted on February 16, 2010 10:53:31 am Planning real estate income is accomplished by determining your needed income, planning behaviors and activities, knowing the approximate results of these activities and behaviors, and developing a plan. You can determine precisely what you need to do each day to fill your sales funnel. A lot goes in the top and the sales dribble out the bottom. Knowing the ratio of what goes into the top of the funnel to what comes out the bottom tells you what you need to do.
Terminate Real Estate Easement posted on February 16, 2010 10:53:31 am Easements generally pass along with ownership changes in real estate. However, there are ways to terminate a real estate easement. Generally, this is not an automatic event, but will require some legal action. Learn about release, merger, non-use, adverse possession, destruction and quiet title action.
Loan to Value (LTV) Ratio posted on February 16, 2010 10:53:31 am The amount of the outstanding mortgage divided by the property's value is the LTV or loan to value ratio. The value is normally either the appraised value or the selling price, whichever is less. This is used in regular owner occupied mortages as well as properties purchased as real estate investments.
Cash Flow After Taxes posted on February 16, 2010 10:53:31 am After Tax Cash Flow CFAT - Real Estate Investment After Tax Cash Flow CFAT About>Business & Finance>Real Estate Business> Real Estate Investment> Know the Math> After Tax Cash Flow CFAT - Real Estate Investment After Tax Cash Flow CFAT Most Popular Articles
Cash Flow Before Taxes posted on February 16, 2010 10:53:31 am Cash flow is all the in and out flows of cash through a business, without regard to tax considerations. All money in or out is considered. This is Cash Flow Before Taxes or CFBT. The cash flow of a real estate investment is an important part of its viability as an investment. Rental properties are expected to cash flow more than mortgage payments and expenses to generate a profit.
New Agent Marketing Budget posted on February 16, 2010 10:53:31 am Get experienced advice and specific plans for setting a real estate agent marketing budget for your new real estate agent business the first year or so.
Email to Cell Phone as Text posted on February 16, 2010 10:53:31 am Sending email to sms real estate text messaging to a cell phone is quite simple for most of the cell services. Adding the cell phone number before the @ symbol and the appropriate domain after will get the job done.
Short Sale Purchase Agrmt. posted on February 16, 2010 10:53:31 am If a short sale is a possibility, and the price looks like a good investment, then a purchase agreement is the next step. Make sure that you know what to use and more important, what not to use.
Short Sale Lender Contact posted on February 16, 2010 10:53:31 am Once you've identified a potential short sale purchase candidate, you need to get permission from the borrower and contact the lender to get the process started.
Why Invest in Real Estate? posted on February 16, 2010 10:53:31 am With a major portion of the 1990's Standard & Poors Earnings running at 5% to 6%, with dividend earnings running 2% or less, an astute real estate investor would have done much better. With a strategy of only purchasing properties with expected rental yields above 6%, the added return potential of amortization, leverage, appreciation, tax advantages and more make real estate a sound alternative to other investment vehicles.
Supply & Demand in Real Estate posted on February 16, 2010 10:53:31 am Real estate supply and demand are different than in many fields or markets. That's because each real estate parcel is unique and real estate cannot be moved. In many fields or markets, if there is a shortage, more of the same product can be manufactured. The unique nature of real estate makes this impossible. You also cannot move more real estate into an area that has a short supply.
Townhouse posted on February 16, 2010 10:53:31 am A townhouse is one of a row of homes sharing common walls. Differing from condominiums, townhouse ownership does include individual ownership of the land.
Aggregate Adjustment on HUD-1 posted on February 16, 2010 10:53:31 am When setting up the "escrows", "impounds" or "reserve" items on the HUD-1 Settlement Statement in the 1000 series, the last line, usually line 1011, is an adjustment made based on calculating with two different accounting methods. This is something few of us will ever need to know, but the text of 3500.17(d) is presented here for reference.
Real Estate Marketing Plan posted on February 16, 2010 10:53:31 am A step-by-step plan for any agent, but really great for new agents. Learn how to spend very little to realize a lot of real estate marketing clout.
Agent License Exam Tips posted on February 16, 2010 10:53:31 am Best practice tips for studying for the real estate agent licensing exam. Helpful advice for taking and passing the test.
Un-licensed Assistant Duties posted on February 16, 2010 10:53:31 am Take care in assigning duties to an unlicensed real estate assistant, or if you are one, make sure you know what you are allowed to do according to your state's regulations. In most states, an un-licensed assistant cannot discuss property specifics, advise clients, or draft documents.
Fiduciary Duties - Real Estate posted on February 16, 2010 10:53:31 am Real estate agency law says that a real estate agent who takes on the capacity of "agent" for her client then takes on the duties developed over many years in common law. These include Obedience, Loyalty, Disclosure, Confidentiality, Accounting, Reasonable Care.
Short Sale Documents posted on February 16, 2010 10:53:31 am Lenders are all about numbers, so give them plenty of them. When the short sale package is prepared, there is a long list of possible documents to back up the request.
Top Ten Real Estate Tech Tools posted on February 16, 2010 10:53:31 am I spend a great deal of time researching and testing online services, software and other technology tools for real estate. Here are my top ten favorite free tools.
Voicemail to Email w/Youmail posted on February 16, 2010 10:53:31 am Getting a voicemail to your email inbox has never been easier. YouMail, a free service, offers voicemail that takes the place of your cell provider's service and some cool services.
Median posted on February 16, 2010 10:53:31 am Median is a mathematical result that indicates that one half of a group is higher and one half lower than the median. Median price of 101 sold homes would be that price which is lower than 50 of the prices and also higher than 50 of them.
Referral Fees posted on February 16, 2010 10:53:31 am Definition - Referral fees in real estate are fees charged by one agent or broker to another for a client referred. They are most common when a seller client is leaving the area and their agent refers them to an agent or broker in the new area to which they're moving. Generally this fee is a percentage of the final commission received by the agent who accepts the referral.
Task Management with Outlook posted on February 16, 2010 10:53:31 am With Outlook Task Management, you can set up a system that will allow the fast import into Outlook of a list of tasks related to a particular transaction and closing. The sheet can even calculate the task due dates for you based on days from contract date and days before closing. Real estate transaction coordinators are learning the power of MS Outlook for transaction management.
Bargain and Sale Deed posted on February 16, 2010 10:53:31 am A bargain and sale deed does not warrant against encumbrances. It only implies that the grantor holds title and possession of the property. Real estate deeds. Types of real estate deeds.
Independent Contractor Status posted on February 16, 2010 10:53:31 am The vast majority of independent real estate agents are statutory independent contractors. This is a statutory status rather than common-law. The right of control and the 20 tests of the Internal Revenue Service to determine if one is an employee or independent contractor do not apply.
US Housing Market Stats posted on February 16, 2010 10:53:31 am US housing market statistics are quoted in a lot of places. One reliable index isn't widely publicized. The Standard and Poors Case-Shiller Home Price Indices are considered very accurate due to their methodology. Learn how they're constructed and why they're an excellent tool to understand the real estate market.
Cloud Brokerage in Real Estate posted on February 16, 2010 10:53:31 am Taking "cloud computing" to the real estate brokerage is the next logical step in the evolution of real estate brokerage services. Learn here, step-by-step how to virtually serve your customers, allow your agents to operate remotely, cut office space and expenses, yet do a much better job.
Keller Williams Real Estate posted on February 16, 2010 10:53:31 am Keller Williams Real Estate, founded in 1983, has experienced steady growth in franchises and now has more than 600 offices and more than 80,000 agents. Using innovative profit sharing for agents who bring in agent recruits for up to seven down levels, this company has experienced excellent agent retention. The Keller Williams University provides extensive training and the technology resources provided to agents are highly valued.
Modified Net Lease posted on February 16, 2010 10:53:31 am The modified net lease is so-named because it is a modified version of the triple net lease. Rather than paying all expenses, the tenant may pay taxes and insurance but share maintenance expenses with the landlord.
BPOs and Legality by State posted on February 16, 2010 10:53:31 am BPOs are a major source of revenue for many real estate agents and brokers. They are legal in most states, but you'll want to be sure about yours. Here's how I wasted time and money.
Encumbrances on Real Estate posted on February 16, 2010 10:53:31 am Learn the types of encumbrances on real estate properties, including liens, deed restrictions, easements, encroachments and licenses. Real estate encumbrances can adversely impact the sale of a property.
Lease Purchase for the Agent posted on February 16, 2010 10:53:31 am Especially when home inventory is high, real estate agents shouldn't be avoiding the lease purchase option for buyers and sellers. Learn how you can get compensated.
The 1031 Exchange posted on February 16, 2010 10:53:31 am The 1031 Exchange is named after section 1031 of the Internal Revenue Code. Using the 1031 exchange, an investor can exchange real estate and defer capital gains taxes on the profits from the sale. As the investor realizes appreciation, they can continue to trade up to more valuable properties, deferring capital gains taxes at each step.
Commission Split posted on February 16, 2010 10:53:31 am The commission split in real estate is a multi-level sharing of the gross commission as charged to the buyer or seller of real estate. Two brokerages can split the commission and then it can be split again between the broker and the agent(s).
A Day in a Listing Agents Life posted on February 16, 2010 10:53:31 am A real estate listing agent will be involved in a myriad of details and activities. From checking the morning hot sheet, to doing comparative market analysis and making listing presentations, the listing agent is kept quite busy.
Real Estate Office Dashboard posted on February 16, 2010 10:53:31 am I start up my browser with a dashboard display of virtually everything I need to know and do in my real estate business each day. Whether it's email, tasks, links to applications, news, or my calendar and appointments, it's all there.
Associate Broker posted on February 16, 2010 10:53:31 am A real estate person holding a broker license that chooses to associate or affiliate with another sponsoring broker rather than opening their own brokerage office. They want the added knowledge and status of a broker, but do not desire to operate an independent office.
Real Estate Assistant posted on February 16, 2010 10:53:31 am A real estate assistant, un-licensed or licensed, can be an excellent way to enter the business. Learn by assisting an agent or broker in tasks involved with listing properties, selling homes, creating marketing literature and brochures, and service buyers and sellers.
Licensed Assistant Duties posted on February 16, 2010 10:53:31 am A licensed real estate assistant will add additional abilities, as most real estate licensing boards limit what an un-licensed assistant can do. These include document preparation, advice and interpretation, delivery of financial and title documents. attending closings and telephone marketing.
Real Estate Earnest Money posted on February 16, 2010 10:53:31 am Buyers frequently deposit earnest money in a real estate transaction. Learn how real estate earnest money is accounted for, handled, and refunded in the real estate purchase transaction.
Financial & Marketing Mgmt posted on February 16, 2010 10:53:31 am Real estate property management includes the responsibility off from marketing and financial functions. A comprehensive budget, marketing plan, and efficient implementation of them are a must. More information on the financial and marketing components of property management.
Net Operating Income (NOI) posted on February 16, 2010 10:53:31 am Net operating income, or NOI, is rental income of a property after operating expenses. These expenses would include all operating expenses, including maintenance, insurance, janitorial, supplies, management, accounting, etc.
Lease Document Elements posted on February 16, 2010 10:53:31 am For investors and property managers, one key to a smoother interaction with tenants is a well-written lease agreement. Learn the basic items that should be there.
Drip Email for Real Estate posted on February 16, 2010 10:53:31 am Effective real estate drip email is not that difficult, and it's very important if you are planning on realizing business from the internet. Learn the steps to set up an effective and profitable real estate drip email system here.
Outlook Rule for Email to SMS posted on February 16, 2010 10:53:31 am Create the rule to tell Outlook which messages you want to have automatically sent to your cell phone as sms text messages. This could be several rules, possibly for clients or with certain words in the subject or body of the email.
Loan Discount Fee on the HUD-1 posted on February 16, 2010 10:53:31 am In the 800 series of items on the HUD-1 Settlement Statement, there is an item for "Loan Discount." This is a fee, usually expressed as a percentage or points on the loan that is paid by the Buyer to "buy down" the interest rate. In other words, the buyer might pay 1 point or 1% of the loan amount to buy down the interest rate an eighth of a percent for lower payments over the life of the loan.
Types of Commercial Realty posted on February 16, 2010 10:53:31 am Commercial real estate agents and brokers can choose from several specialty types of properties to work with. These include office, business brokerage, industrial, retail and investment.
Real Estate Contact Manage posted on February 16, 2010 10:53:31 am Real estate contact and prospect management is at the heart of building a successful real estate business. Keeping track of your many professional contacts is critical to smooth transactions, while prospect management keeps you in the minds of your prospects until and after a transaction.
Real Estate Franchises posted on February 16, 2010 10:53:31 am Learn about some of the largest real estate franchises, their business models, how agents are compensated, costs to agents and brokers, franchise fees, agent splits, profit sharing, revenue sharing, residuals and more. Look at profiles of Prudential Real Estate, Exit Realty, Keller Williams Real Estate, RE/MAX, Coldwell Banker and Century 21.
Real Estate Email Newsletter posted on February 16, 2010 10:53:31 am With real estate email newsletters getting more popular every day, how do you develop one that is interesting, timely and not too time consuming or expensive to produce? Using blogging and RSS feeds, a fantastic email newsletter program can be developed at little or no cost.
Powered by Wordpress posted on February 16, 2010 10:53:31 am Can you have a full-featured real estate web site powered by Wordpress? You bet you can. And some of the great features you pick up from the thousands of Wordpress plugins and widgets can make your site an informative and lead generating powerhouse.
Buyer Agent Responsibilities posted on February 16, 2010 10:53:31 am Buyer agency or buyer representation has been increasing in importance and use for a number of years. Even if a real estate agent works with both buyers and sellers, this description of some of the responsibilities of the real estate buyer agent will apply to how they work with real estate buyers.
Staging Homes for Sale posted on February 16, 2010 10:53:31 am Home staging is the process of preparing a home to show in its very best light. This is beyond cleaning. Clutter and personal items are removed, furniture is re-positioned, and items might even be added from rental sources. Learn the basics of staging homes here.
All-In-One Printers posted on February 16, 2010 10:53:31 am The average real estate agent or broker office works with a great deal of printed material, from brochures to MLS printouts, contract documents, marketing postcards, newsletters and more. Technology has come a long way in the printer category. The new all-in-one printer scanner copiers come in all sizes and capacities, from the small and inexpensive ink jet to the network-ready laser models to serve an entire office.
Real Estate Listing Agreements posted on February 16, 2010 10:53:31 am There are three basic types of real estate listing agreements, Open, Exclusive Agency, and Exclusive Right to Sell. You should know the difference in order to know who is and is not entitled to a commission on sale.
License Reciprocity posted on February 16, 2010 10:53:31 am Information on how to obtain a real estate license in another state without testing and with minimal courses. This is called license reciprocity, or broker reciprocity.
Condominium posted on February 16, 2010 10:53:31 am A condominium is one of a group of housing units where each homeowner owns their individual unit space, and all the dwelling share ownership of areas of common use.
Property Administration posted on February 16, 2010 10:53:31 am Real estate property management requires a high level of detail as regards record-keeping. With financial, government regulation and risk factors involved, the more detailed and organized the records are the better. This is important not only for tenant management, but also for employees and subcontractors.
Assumption or Subject To posted on February 16, 2010 10:53:31 am A real property purchase with a mortgage assumption is quite different that purchasing a home subject to a mortgage. Learn the difference here.
Cap Rate to Justify Price posted on February 16, 2010 10:53:31 am Using the asking price of an income producing property and the capitalization rates of other similar properties in the area, one can calculate the income necessary to justify the asking price.
Start Investing in Real Estate posted on February 16, 2010 10:53:31 am Before you start investing in real estate, know the math to identify good opportunities and manage them for profit. Understand the issues landlords face. Understand leverage, mortgage options, property suitability evaluation, and repairs and maintenance issues.
Landlord Guide for Investors posted on February 16, 2010 10:53:31 am Taking the step from buying and selling real estate properties to buy-and-hold strategies and landlord status is a large one. Be sure that you examine your capabilities and desires, plan for management, and that you're capable of dealing with tenants, managing rents, repairs and vendors. This landlord guide will help.
Converting Expired Listings posted on February 16, 2010 10:53:31 am Many an agent has built their new career on contacting expired listings and impressing them with their ability to do better than the last real estate agent or broker. The consultive approach, with straight-forward information and a formula to help you introduce hard facts about property condition and pricing is presented in this hard-hitting flyer.
Closing a Listing Presentation posted on February 16, 2010 10:53:31 am The seller prospect is looking to hire a real estate professional to help them to market and close the sale of their largest asset. They want to get along with you, but more importantly, they want a professional with a good business plan for their property.
Search Engine posted on February 16, 2010 10:53:31 am A search engine is a web site that collects and organizes content from all over the internet. Those wishing to locate something would enter a query about what they'd like to find and the engine provides links to content that matches what they want.
Agent Business Plan Creator posted on February 16, 2010 10:53:31 am We're looking at the usefulness and value of the CreateAPlan.com service for real estate agent and broker budgets and to determine their expenses, budget and project commission and business revenues and profitability.
Gross Potential Income (GPI) posted on February 16, 2010 10:53:31 am Gross Potential Income in real estate investing refers to the total potential income of a property before any creditor vacancy losses.
Business Model posted on February 16, 2010 10:53:31 am A business model is the theory and basic plan, as well as the structure, for operating a business. There are usually many business models in an industry. A model is chosen as a preference of how the owners want to operate, and as a response to their market and customer requirements. Real Estate business models include independent brokers, franchises, associate brokers, flat fee, commission, fee-for-service, and buyer agency.
Internal Broker Price Opinion posted on February 16, 2010 10:53:31 am The name Internal BPO would imply going into the home. This is definitely the case, however there could be much more involved. Learn the general requirements of an internal BPO.
Subagency in Real Estate posted on February 16, 2010 10:53:31 am Subagency refers to a relationship between the listing and the selling agents in a real estate transaction.
Real Estate Software Outlook posted on February 16, 2010 10:53:31 am Real Estate Software - Outlook. Properly configured and customized, MS Outlook can do just about everything a real estate agent or broker needs in the areas of prospect management, contact management, listings and transactions management, tasking and more.
Syndicating Your Listings posted on February 16, 2010 10:53:31 am Many real estate agents and brokers have a website, but do not have their listings syndicated to major real estate portals. Their website service may not provide this ability. Learn how to get it done here.
HUD-1 Loan Origination Fee posted on February 16, 2010 10:53:31 am Pretty straight forward, the HUD-1 settlement statement, in the 800 series items, will show an item for the loan origination fee. This is a fee, usually based on a percentage of the total loan amount, paid by the borrower up front for the ability to obtain the loan. A common percentate is 1 point, or 1% of the loan amount, however it varies with several factors.
HUD-1 Gross Due from Buyer posted on February 16, 2010 10:53:31 am On the HUD-1 Settlement Statement, the first section of items after the addresses and transaction information is the 100 series titled Gross Amount Due From Borrower. In this section is the purchase price, a summary of the settlement charges from the second page on line 1400, and any debits/charges to the buyer for items that have been paid by the seller in advance and need to be prorated for closing.
Loans Not Covered by RESPA posted on February 16, 2010 10:53:31 am RESPA, the Real Estate Settlement Procedures Act, covers the vast majority of residential loans. Learn the loan types not covered by RESPA and why.
Real Estate Referral Agent posted on February 16, 2010 10:53:31 am The real estate referral agent is one of the highest paid non-entertainment jobs on the planet. Where's the value in this antiquated procedure that pays thousands of dollars an hour for actual effort or performance?
Commercial Property Types posted on February 16, 2010 10:53:31 am Top commercial real estate property types as handled by real estate agents and brokers. From multi-family apartments to office, retail, industrial, and institutional properties, this is a large segment of total real estate ownership transfers each year.
Property Transfer Taxes posted on February 16, 2010 10:53:31 am The calculation methods and tax rates for property transfer taxes vary significantly by state. However, some basic methods prevail. Learn here how rates are calculated, whether full selling price is used, cash at closing or assumed mortgage deducted.
Cell Phone to Email posted on February 16, 2010 10:53:31 am Cell Phone to Email - Send Voice to Text Cell Phone to Email About>Business & Finance>Real Estate Business> Broker Office Management> Liability and Risk> Cell Phone to Email - Send Voice to Text Cell Phone to Email A New Agent Plan Getting Your License Real Estate Basics Serving Sellers Serving Buyers Marketing for Real Estate Technology for Real Estate Broker Office Management Professional Development Real Estate Investment Commercial Real Estate Real Estate Terminology BlogRoll
Fannie Mae Homepath Mortgages posted on February 16, 2010 10:53:31 am Fannie Mae's Homepath Mortgage product is available to real estate investors. With a low priced foreclosure purchase, this loan program can get you in with 3% down, no appraisal fees, and no mortgage insurance.
Home Repair Estimating posted on February 16, 2010 10:53:31 am Real estate investing, and especially the flipping of properties, frequently involves the purchase of a property in poor condition and repairing and remodeling it to result in a profit when it's sold. Obviously, great risk is assumed if the real estate investor isn't able to accurately estimate repair costs. Here are resources to help.
Cap Rate and Investors posted on February 16, 2010 10:53:31 am Capitalization Rate, or Cap Rate is used by real estate investors to either determine if an asking price is justified or to value a property using the income the property generates.
Agency Status Explained posted on February 16, 2010 10:53:31 am Knowing your duties and obligations in representing your client in a real estate transaction is critical. These obligations vary depending on your status. Are you an agent, subagent, transaction broker, etc? Learn what they mean here.
Easements & Encumbrances posted on February 16, 2010 10:53:31 am When one owns real property, this ownership can be limited or "encumbered" by various easements, liens or encroachments to the property. Learn the basics of easements, liens and encumbrances in real estate.
Virtual Real Estate Office posted on February 16, 2010 10:53:31 am What if you could cut off a few thousand square feet from your real estate offices, as well as a great deal of the associated overhead? It's possible to have virtual real estate offices with today's technology.
Real Estate Consulting posted on February 16, 2010 10:53:31 am Real estate consulting combines some of the practices of fee for service with an hourly fee delivery for services. The consumer, buyer or seller, can select services individually at flat rates, services in pre-packaged bundles at flat rates, or elect to have their needs met via an hourly rate.
Private vs Public REITs posted on February 16, 2010 10:53:31 am Though not widely publicized, private REITs are an investment offering chosen by some over the public real estate investment trust. What are the drawbacks?
90 Day Flip Rule Waived by FHA posted on February 16, 2010 10:53:31 am On Friday January 15, 2010, the rule prohibiting FHA loan guarantees for mortgages on homes sold within 90 days of previous sale was waived for one year. The new rules and how investors and flipping fit in.
Title Insurance Binder posted on February 16, 2010 10:53:31 am During the real estate purchase process, the title company will search the public records, and issue what is called a title insurance commitment or a title insurance binder. This document binds the title company to issue the insurance policy subject to the requirements being met. The list of exceptions are those items that will not be covered by the insurance policy.
Niche Marketing Opportunities posted on February 16, 2010 10:53:31 am Many highly successful real estate agents and brokers get that way by concentrating on one real estate marketing niche and serving it well. Learn some of the best niche market opportunities here for real estate. Commercial properties, FSBO's, resort and vacation properties, minorities, first time buyers, singles,luxury homes and condominiums are included.
Web Site Content posted on February 16, 2010 10:53:31 am The importance of having a large body of unique and interesting real estate web site content cannot be overemphasized. Your site will never get good free positioning in the search engines without it. Learn how it should be done and where to get it here.
Poor Real Estate Email Habits posted on February 16, 2010 10:53:31 am With email such a major force in our personal and business lives, it's important that we understand how to use it to our benefit. When you receive real estate emails from buyer or seller prospects, are you dealing with them in a way that will end up with a commission?
Dont's of Real Estate Leverage posted on February 16, 2010 10:53:31 am Leverage, or the use of other people's money to control real estate, is an effective tool for real estate investors if used properly. Using only 10% down payment can produce a very attractive Return on Investment if other factors are properly balanced.
Commissions from Your Web Site posted on February 16, 2010 10:53:31 am New real estate agents that see what a web site can do for their business are eager to get started on one. Read first about search engine optimization, domain name selection, best content for a real estate web site and more here. Then execute drip email and watch the prospect list grow.
Investor Mortgage Loans posted on February 16, 2010 10:53:31 am The type of investor mortgage loan that you select as a real estate investor is a key factor in determining your level of risk and the cashflow that your investment will generate. Here are some things that you should consider. Options include fixed rate, arm adjustable rate, zero down, balloon, exotic and low documentation loans.
DSCR-Debt Svc Coverage Ratio posted on February 16, 2010 10:53:31 am One of the calculations lenders use to determine whether they'll do a mortgage on a commercial property, and how much they'll loan, is the DSCR, or Debt Service Coverage Ratio. Learn how to use the DSCR.
Mold in Your Rental Property posted on February 16, 2010 10:53:31 am As a landlord, particularly in humid parts of the country, you'll possibly be confronted with a mold problem in a tenant occupied rental property. To lessen the possibility of landlord tenant litigation, address the problem quickly, call in professionals, take tests, and correct the problem promptly.
Real Estate Post Card Farming posted on February 16, 2010 10:53:31 am A very popular method for real estate farming is the postcard real estate marketing. With a properly maintained mailing list, regular mailings and follow-up, this method can be highly effective at building business in an area for the real estate agent. Real estate post card farming has always been highly effective if done well.
Land to Building Ratio posted on February 16, 2010 10:53:31 am Appraisers will report and lenders will use the land to building ratio in many commercial and industrial valuations, and in some residential ones as well. Learn how to calculate.
Do You Need an Office? posted on February 16, 2010 10:53:31 am Just got your real estate broker's license and about to do your own thing? Does a real estate agent or broker need a physical office location, particularly if you don't plan on sponsoring agents? Here we'll profile some of the considerations that will influence this decision. Can technology, computers, the web and email help to replace the office?
Easy Agent Accounting posted on February 16, 2010 10:53:31 am Whether you're a new, or an established agent, keeping up with income, expenses, and mileage shouldn't take up large amounts of your time. Learn how to do it with your voice and be up-to-the-minute with your records.
Point2Agent Website Review posted on February 16, 2010 10:53:31 am I have used a Point2Agent website for a number of years, and this review will give you the pros and cons of whether to go with Point2Agent for your web presence.
HUD-1 Settlement Statement 02 posted on February 16, 2010 10:53:31 am This HUD-1 Settlement Statement tutorial is part of a series explaining every item on the statement, as well as calculations and methods. Here we discuss sections C through I, which identify buyers, sellers, title company, lender, property location and settlement date.
HUD-1 Section B Instructions posted on February 16, 2010 10:53:31 am This instruction is part of a comprehensive series of instructions for understanding the HUD-1 Real Estate Settlement Statement. Here we discuss Section B, which is the basic loan type, file and loan number information.
What Sellers Want posted on February 16, 2010 10:53:31 am Real estate sellers surveys tell us that they want help from their real estate listing agent with finding a buyer for their home or property, selling their home in their time frame, help with closing or settlement, paperwork, negotiation, as well as help fixing up their home for sale.
New Agent Expenses posted on February 16, 2010 10:53:31 am New real estate agent expenses aren't that much different from those of an established agent. You may need to purchase a computer and software, but the rest is common to all agents. You'll need business cards, marketing materials and more. Get a complete breakdown here.
Real Estate Buyer Rebates posted on February 16, 2010 10:53:31 am Real estate rebates are generally employed when working with buyers. The real estate agent or broker will credit/rebate a portion of the commission to the buyer(s) at or after closing. This is a marketing strategy to attract buyers. In most cases, but not all, there is a trade-off of services, meaning the buyer will not receive all the services available at full commission price. Usually this means locating homes on their own.
Real Estate Alternative Models posted on February 16, 2010 10:53:31 am Learn about different ways of pricing real estate services. The straight commission business model is alive and well, but there are a number of other models that are being employed successfully by real estate brokerages. These include real estate rebates, real estate consulting, fee for service, discount commissions and mls only.
Lease Purchase for Selling posted on February 16, 2010 10:53:31 am With a great many potential home buyers coming up short on credit scores and down payments, there is great opportunity for the real estate investor to use lease purchase or rent-to-own to sell properties.
Real Estate Lease Elements posted on February 16, 2010 10:53:31 am Real estate lease agreements consist of numerous elements that set out the rights and obligations of the lessor/landlord and the lessee/tenant. These include items referencing possession, use, term, security deposits, options, recording, assignment, sub-leasing, maintenance, destruction, and improvements.
Insured Specific Access posted on February 16, 2010 10:53:31 am The plot thickens in this property access nightmare. The new lot6 owners construct a fancy rock-lined driveway on the platted easement. They begin construction of their new home. Lot 5 owner comes in from out of town, sees what's going on, and blocks the access.
USDA Rural Home Loans posted on February 16, 2010 10:53:31 am If you practice real estate in a rural area, take a look at the USDA program that can get your buyer into a home with no down payment, and sometimes even no money out of pocket.
Agent posted on February 16, 2010 10:53:31 am A real estate agent is an individual who is licensed to negotiate and arrange real estate sales; works for a real estate broker. Negotiate and arrange can include showing property, listing property, filling in contracts, listing agreements, and purchase contracts.
Improvement Location Report posted on February 16, 2010 10:53:31 am Too many real estate agents use the term "survey" when referring to the document generated in a real estate transaction, and showing the property lines and the structures on the property. It might be a survey, but in many cases, it's not a full survey and doesn't carry the same protections for the client that would come with a survey. It is generated for the mortgage and title companies for the purpose of identifying possible encroachments.
Real Estate Blog Tips posted on February 16, 2010 10:53:31 am Blogging for real estate is growing quickly, because it's an effective marketing tool for many real estate agents and brokers. Before you start your real estate blog, know your time commitment, as well as the type of content for your blog posts that will work best.
Real Estate Time Management posted on February 16, 2010 10:53:31 am Real estate agents and brokers are self-employed independent contractors in most cases. Effective real estate time management is critical to financial success. Learn the top time-wasting activities and how to avoid them. Not having a plan, effective transaction management systems, task management, or allowing interruptions can all damage productivity.
Buyer Representation Agreement posted on February 16, 2010 10:53:31 am Every real estate agent or broker that works with buyers has experienced the pain of losing a buyer to the listing agent or another company. But that's only one of several reasons to work with buyer clients under a buyer representation agreement. There are reasons good for them as well as you.
Foreclosure Negotiations posted on February 16, 2010 10:53:31 am If you aren't familiar with representing clients in foreclosure purchases, you can get a bit frustrated with the lender or bank in the process. Here's a real life example of a negotiation.
Buyer Agents - Stay Informed posted on February 16, 2010 10:53:31 am When working with buyers, knowing the market is critical. Market changes are reflected in the "hot sheet", or recent activity report provided to real estate agents by their MLS software. It should be a daily activity for agents to check expired, withdrawn, sold, and new listings, as well as price changes. Real estate buyer agents have a duty to stay informed.
Case-Shiller & OFHEO Indexes posted on February 16, 2010 10:53:31 am Keep track of what's happening in home prices with these updated charts of the Case-Shiller Home Price Composite 20 Index, the OFHEO (Office of Federal Housing Enterprise Oversight)and the RPX Home Price Indexes.
Real Estate Policy Manual posted on February 16, 2010 10:53:31 am From this article, you are linked to detailed explanations of the sections in an example real estate brokerage office policy manual.
Calculate Profit Percentage posted on February 16, 2010 10:53:31 am When a real estate investment property is purchased and resold at a profit, this profit calculation will yield the percentage of profit based on purchase price. If you're working with real estate investors, this is one calculation they like you to know.
Copyright
2004 http://www.St-Joseph-medal.com. All Rights Reserved.