What is required for a licensed real estate salesperson to legally operate under a broker in New York? A) The salesperson must pass the broker's own internal examination. B) The salesperson must be listed as an employee on the broker’s business insurance. ...
Becoming a licensed real estate agent usually doesn't require a college degree. However, you need to pass an exam to become a licensed real estate agent in most of states. 34 states require real estate agents to have license for their work. You can see the list of states below. ...
Unfortunately, you cannot deduct education expenses you incur to qualify for a new business or profession. This means you cannot deduct the costs of the education courses you take to help prepare for your state's real estate license exam. Nor is the exam fee deductible. ...
While all Realtors are required to hold their real estate license as either an agent or a broker, it is possible for someone to hold a real estate license without being an active member of the NAR. Instead of joining NAR for access to the MLS, some residential and commercial real estate...
The origin of the word "fiduciary" also has a rich history. In early Roman history, when someone needed a rock-solid pledge on transferred property, a "fiducia" was created to bind the contract. "Fiducia," derived from the root word "fidere," is Latin for "trust," so the very nature...
The result of the PMP exam is given on a PMP exam score report. The score report grades the candidates for the three domains. It gives a grading on a four-point scale called performance rating categories or levels of proficiency. These are ...
A broker's license is required to work by yourself as an agent.1Using California as an example, you can obtain a broker's license in any of three ways: You can qualify to take the broker's real estate exam if you have a four-year college degree with a major or minor in real estat...
Finding a good expert means your business will be appraised by the appropriate valuation methodologies.
national real estate license, so agents mustmeet their state’s licensing requirements. While the requirements vary by state, all aspiring agents must take a pre-licensing course from anaccredited real estate school, pass their state exam, activate their license, and join a real estate brokerage....
During the purchase of a property, the real estate attorney and staff might writetitle insurance policies, complete title searches on the property, and handle the transfer of funds for the purchase. If the purchase is being financed, the attorney is responsible for paperwork such as the federalH...