Real Estate

jackiee:] asked:


My parents want me to represent them with their current real estate problems, so I was wondering how old you have to be to study to get one? I know you have to be 18 to receive the license but how old do you have to be to study to get one?

Dave asked:


To put it briefly, My retired inlaws met a reator who convinced them to buy a bigger house. with a mortgage payment which is more than they bring home in a month. The realtor had them refinance their current house and take all the equity out and put it down on the new house. My inlaws were under the impression that their old house was being sold and they were getting an advance on their equity. It has been 7 months and the old house has not been sold. I found out that it was never even put on the market and their isn’t even a sign in the yard. To top it all off, I found out that they couldn’t get qualified for a bigger house on a fixed income so the relator found someone to cosign their loan. Now there is someone who they don’t know on the title for the new house with the $130,000 equity. What can I do to help them?

nivia asked:


what r the problem faced by real estate agents that have spoiled the image of the profession? plz answer 4 me…thank u

Christina B asked:


Hi, i am having trouble on a problem involving real estate, and any help would be greatly appreciated!
“An investor is considering the purchase of a 11,000 sq foot warehouse that is expected to command $8.40 per square foot in annual rents. 2 comparable warehouses have recently sold in the market. comparable 1 measures 12,000 sq. ft and sold for $450,000.

comparable 2 measures 8,600 sq ft and sold for $322,500.

compute the gross income multiplier that is implied by these transactions and estimate the value of the subject property.

evident asked:


What are real estate investment trusts or REITs and how do they work. Is there some law that give these trust some tax efficiency status and how can investors invest in these REITs. With the real estate market in the US the way as it is, is it a good time to invest in the property market through real estate investment trusts. What kind of people manage these funds or trusts and what are their typical return on investments?

Mommy12345 asked:


I am a college student and need to interview a real estate agent for a class. If anyone could please answer these questions in detail I would greatly appreciate it! Thanks

How long have you been involved in the real estate field?

What types of property do you sell?

How many properties do you sell a year?

What is the most awarding part of the job?

What is the most difficult part of the job?

What was one of your most difficult closings and why?

Have you encountered any unethical real estate agent, buyer, or seller? What was the situation? What was the final outcome?

What advise would you give someone who may be contemplating entering the field?

Teri asked:


What is the difference between a real estate agent and a real estate broker?

Lance asked:


Hello, I’m an aspiring real estate investor. I’ve done my research and would like to buy a foreclosed home at a lowered price in the Mississauga area. How would I go about finding out where they are located? Should I just go ask the local banks?

kasobe asked:


I want to start a business buying, renovating and selling properties. I would probably sell through a proper agent, but I’m interested in finding properties myself before they get to market. What qualification do I need to be able to access information only Real Estate Agents have access to? I’m not planning on actually working as an Agent.

In the US it’s called MLS, anyone know what it’s called in Australia?

stephbrown2005 asked:


Even though the economy is down, I would like to get into the real estate market by becoming an agent. I would just do it as a side job.

How would I go about getting my license and what are the fees involved with being a real estate agent?