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Real Estate By: Chris Anderson: YEEHAW!!!!!! The south will rise again!! Can't you just imagine the Dukes of Hazard boys sitting on the hood of thei... Florida real estate trend continue? That is the $100,000 question. We just recently taught a class at the Learning Anne... A Real Estate Investing Primer By: Adem Hamidovic: There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on... ways to make money from real estate investing out there.The next most 'traditional' method is to buy a fixer-upper, fix... A Singles Game of Real Estate By: Dan Auito: This discussion leans toward answering questions asked most often by our youthful men and women in there early twentie... to get ahead faster in life. Using an example lets say you find a duplex for $150,000 (California is higher), your loan... Real Estate Property Management Software By: Oliver Webber: What is real estate management software? If you own three or more real estate properties, managing them takes a lot of... software regarding payment calculation? Calculation of payments that already took place and those to be completed on an... What is the Real "Real Estate Software"? By: Anastasiya Shalayeva: Everybody knows the difference between the virtual and the real. When it comes to real estate online ads, this differe... or Open Source TechnologyReal estate selling/rental portals typically have to process large number of queries, which mi... How to Become a Real Estate Agent Andre McFayden, Ph.D.The process of becoming a real estate agent is fairly simple, although it does vary a lot from state to state. Here are the fundamentals of becoming a real estate agent. a) License Requirements Each state has different licensing laws, so you will need to look at your local requirements. However, in general you will have to: -Meet an age requirement -Pass a background check -Complete approved real estate courses from a state-approved school -Pass a state exam -Complete an application form -Submit various fees Agents just getting their license work for a real estate broker. If you decide at some point to work for yourself, you will need to earn a broker license. Most new agents sign on with one of the large company brokerages. Most successful agents, even if not self-employed, treat the real estate profession as their own business, instead of just a job. This attitude will go a long way to ensuring your success. b) What is a REALTOR®? Many people are confused about the difference between a real estate agent and a REALTOR®. A real estate agent becomes a REALTOR® when he or she pays an annual fee to the National Association of REALTORS® and subscribes to its Code of Ethics. The agent joins through the local (city) board or association. Membership in the REALTORS® is optional, but help enhance your career. c) How much can a real estate agent earn? Real estate agents more often than not are paid on commission. This commission is a percent of the selling price of the property. The seller will generally pay 4-6% of the sales price as the fee for having an agent handle the complex job of selling their property. The funds will often be split equally between the seller's broker and broker who finds the buyer. As an example, if the fee for a $300,000 property is 6%, the buyer's broker will be paid 3% or $9000 and the seller's broker will also be paid 3% or $9000. The agent is paid by his or her broker, using their agreed-upon commission split. This is often 50-50 for new agents, so in that case the agent in our example would be paid $4500. So to answer the question, the amount that a real estate agent can earn is only limited by the number of transactions that he or she can close. Visit Real-Estate-Career-Info.com for requirements for obtaining a real estate license in your state. This article may be reprinted if proper credit is given and all links left intact. Copyright©2005 Real-Estate-Career-Info.com About the Author Andre McFayden, Ph.D., is a Real Estate Broker and contributor to Real-Estate-Career-Info.com. 
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