estate investment websites >> FAQ
Investor Websites FAQ
1. Is there any difference between Real
estate agent and broker?
Yes there is a difference, most states need real
estate investor sales experts to be licensed by the state,
so that they could easily manage learning and experience necessities
and have a central right to decide consumer problems. The term
used to recognize real estate experts differs little from state
to state in United Sates. Brokers are usually required to have
more education and skill than real estate salespersons or agents.
The person you usually contract with is a real
estate agent or salesperson. The salesperson is licensed
by that particular state, but should work for a broker. All listings
are placed in the name of broker, not the salespersons. A broker
could also contact directly with home buyers and sellers, or could
have employees of salespersons or agents working for him or her.
2. How does real estate agent helps me?
Your real estate agent will be more than a "sales
person." They perform on your behalf as your agent, giving
you with suggestion and direction and doing a job – assisting
you buy or sell real estate property. Due to the fast changing
real estate investing market, the data on obtainable
listings is not 100% accurate for real estate investors.
There are times when you require the latest information about
what has sold or is for sale, and the only way to get that is
with an agent.
3. What are drawbacks in real estate industry?
Risk and drawback are involved in any financial
market, whether you buy a home or a piece of real estate
investment property there would always be risk involved.
Your must try to lessen these risks in so far as you can. Examples
of possible problems that oftentimes lead to lawful arguments
• Defects in title deed
• Debt service and lender requirements
• Zoning and land use troubles
• Market stability
• Hazardous waste and ecological contamination
4. How can I find commercial real estate
If you plan to buy a commercial real
estate property then it could be much rewarding investments.
Initially, you must shun owning property exterior of your direct
area. That way you could know every property in the area, which
fits your real estate investment profile and
get on opportunities once they become available. By being in close
immediacy, you could also maximize your protection and management
control to increase asset values.
5.What do you mean by closing costs?
Closing costs are operating cost acquired by
buyers and sellers in transferring ownership of a property.
6. What precisely is commercial real estate?
The term "commercial real estate"
could be used to refer to any trade with real estate investing
property in a business context. It could engross leasing out office
space, owning an apartment building, or selling real estate
investment property along with and as part of the sale
of a business. It might as well be industrial or rural property.
It could further also involve working with the government. Unless
the real estate property is a residence where the proprietor is
living, you are almost certainly dealing with commercial real