Pull these folks. I'm having trouble believing this myself. - I just found a deal that could be bought with 3% down. - That's less than 20 grand including closing costs. - And you could pretty much get your entire payment covered. - Plus, a five hundred thousand dollar house. - Let's analyze the numbers. - And then, since I don't like to speculate, let's actually go look at the house. - Check it out, let's go. - Oh, by the way, since I'm a real estate agent, I guess I should say they've got Sprinkles Cupcakes right there, right next to my stock brokerage TD Ameritrade. - Oh, and there's my car charging. - Oh yeah, and they get free unlimited supercharging. - So thank you. - Oh no, come on, let's be real. - I overpay for the car. - Oh well, so here we go. - If we buy the place for 480 thousand dollars and we put three percent down, that means we're going to have a loan of 465,000 $600. - That's what our loan is based on. - So, if you ever wanted to run a mortgage calculator, I like doing everything from scratch. - I don't like fancy spreadsheets. - It's a great way to make poor investment decisions by missing just one variable. - Always start from scratch. - This is exactly what I teach in my real estate investing course (link below). - So here's what's gonna go into our payment. - We're going to have principal, interest, taxes, and insurance (PITI). - Principal is going to be $641 a month. - That's the amount we're basically paying off on the loan every single month. - If tenants are paying that for us, they are paying off $641 per month for...
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Real Estate Referral fee to unlicensed Form: What You Should Know
Re: Re: Referral Fee Forms and Rules — RealtorTalk How many referral fees can a realtor/broker/agent receive for a single property at closing time? Appellate Court Decision (California) May 5, 2024 — The Court unanimously decided that a real estate agent cannot give a fee of 10% (25% of gross commission) unless the agent made an introduction to the client, or they did the work themselves. Rule 6.9.2 of the California Real Estate Appraisal Code — RealtorTalk REALTORS and REALTOR-FRIENDLY TRANSACTIONS REQUIRED? July 11, 2024 — You may need a Real Estate broker or agents to represent your property and close a real estate deal. If you've got a deal, you've got a problem! Real estate brokerage firms have been known to take an unlicensed real estate broker and give them a real estate deal, all for a couple of thousand dollars a month.  The real estate broker usually receives a percentage of the sale (which is usually around 20%) and the real estate agent gets half the commission.  The buyer or the lender pays the other.  This is the way Real Estate has operated, since the days of John Wanamaker.  Even after the Real Estate Reform Act (ERA) changed the rules in 2010, unlicensed agents still represent properties, with some companies even receiving commissions on each sale, as long as they were part of the referral fee structure.  Many real estate agents are still unlicensed, so they cannot represent their properties in this way.  How would the government want Real Estate Brokers and Agents to continue to operate? How would the government want Real Estate Brokers and Agents to continue to operate? Realtors and Real Estate Agents need to stay in business while complying with ERA and current laws.  The ERA requires disclosure that says “REALTORS” and “REALTY AGENT” are registered trade names, with both spelled exactly the same. REALTORS and REALTOR-FRIENDLY TRANSACTIONS REQUIRED? July 11, 2024 — You may need a Real Estate broker or agents to represent your property and close a real estate deal.
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