race, gender, or religion. If an agent is found to have engaged in discriminatory behavior, they may be sued for damages. If a client sues a real estate agent for discrimination, the agent's insurance policy may cover the costs of defending against the lawsuit and paying any damages ...
Estate costs can be broadly categorized into several components: closing costs, which include taxes, legal fees, and agent commissions incurred during the purchase or sale of a property; maintenance costs, such as property taxes, insurance, repairs, and utilities; and...
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For businesses within the real estate rental and leasing industry, the risks are high, but investing in a comprehensive business insurance policy can help.
Develop positive management methods where you keep all aspects of caring for your rental under control.This includes, but is not limited to, things like maintenance, repairs, taxes, insurance, rental agreements, and marketing. Be nice yet firm with your tenants.You should aim to create a positi...
Insurance Agent Lewis Opens Real Estate OfficeOklahoma City insurance agent Ben Lewis, owner of Ben Lewis and Associates, has branched into home sales with the opening of a real estate office in northwest Oklahoma City.Walther, Aleta
Use this checklist of 24 essential questions to ask a real estate agent during interviews to find the perfect agent for your needs.
Technically, an agent’s commission is not included in a home’s closing costs. Closing costs are an assortment of fees, separate from agent commissions, that must be paid at closing. Closing costs typically include things like taxes, title insurance, appraisal, lender fees, and other services...
Of course, as in other professions, an agent's earnings are eroded bytaxesand business expenses. Federal, state, andself-employment taxes, as well as the cost of doing business—insurance, dues, MLS fees, and advertising—take sizable chunks of the agent's commissions. How Much Do Real Est...
or breach of contract if they do not disclose properly. An agent probably knows more about disclosure laws than an FBSO seller. Agents can make mistakes, too, but they have professionalerrors and omissions insuranceto protect themselves and give the buyer recourse, so the buyer may no...