Real Estate Web Site Plan
One of the best lead generators on a real estate web site is sold property market reports, as well as current listing statistics or any quantification of the market. Buyers and Sellers alike are highly interested.
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Top Ten Real Estate Tech Tools
I spend a great deal of time researching and testing online services, software and other technology tools for real estate. Here are my top ten favorite free tools.
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C.L.U.E. Report in Real Estate
C.L.U.E. (Comprehensive Loss Underwriting Exchange) Reports give the insurance claim and loss history for a residential property. Insurers regularly report property losses to a company that compiles the C.L.U.E. Report to a homeowner. Only the homeowner or a prospective insurer can order it.
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Fee Simple Estates
A fee simple estate in land is the highest form of ownership recognized by law. The property owner is entitled to the full enjoyment and use of the property subject only to limitations such as deed restrictions or zoning.
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When to Use a BPO
Lenders, banks and loss mitigation companies use real estate brokers to provide a BPO, or broker price opinion, in certain situations where an appraisal isn't necessary or desired. Learn more.
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Cell Phone to Email
Cell Phone to Email - Send Voice to Text Cell Phone to Email About>Business & Finance>Real Estate Business> Broker Office Management> Liability and Risk> Cell Phone to Email - Send Voice to Text Cell Phone to Email A New Agent Plan Getting Your License Real Estate Basics Serving Sellers Serving Buyers Marketing for Real Estate Technology for Real Estate Broker Office Management Professional Development Real Estate Investment Commercial Real Estate Real Estate Terminology BlogRoll
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Compensation in Real Estate
Real Estate brokerages and agents frequently refer clients to one another. Usually it's due to a client selling in one location and moving to another. Learn how the system works and the final cut for the agent.
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Real Estate Investing Analysis
Rate of return is a measure of profitability; it measures the cash that a project will generate vs. the cash that you have to put into the project.
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Commercial Real Estate Start
A common question is whether a person new to real estate should start out as a commercial real estate agent, or work into it from residential or another area of real estate. The decision requires an assessment of finances and abilities. A different skill set is required, and the first commission can be a long way in the future.
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Types of Commercial Realty
Commercial real estate agents and brokers can choose from several specialty types of properties to work with. These include office, business brokerage, industrial, retail and investment.
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Real Estate Career For You?
Benefits and pitfalls of a career as a real estate agent include things related to income, liability, control of your business and your personal skill set.
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A Career in Real Estate
Real estate career benefits are many, and include the ability to be your own boss, set your working hours, build your own independent contractor business, create financial security and more. Pursuing a career in real estate has created many successful business people.
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Rental Property Cash Flow
Many a wealthy person got that way with real estate. A smart buy on a rental property and good management can provide cash flow for other uses or investments. Here's a fourplex example.
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Addendum in Real Estate
An addendum should not be confused with an amendment. While an amendment modifies a previously accepted contract, an addendum is part of the original contract. It adds necessary information, requirements or explantory documents to the original contract or purchase agreement. Once an agreement is reached and the contract accepted, additional documents are not added as addendums.
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Licensed Assistant Duties
A licensed real estate assistant will add additional abilities, as most real estate licensing boards limit what an un-licensed assistant can do. These include document preparation, advice and interpretation, delivery of financial and title documents. attending closings and telephone marketing.
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Calculate Compound Interest
Compound interest is interest on principal plus interest on the accumulated interest. Real estate investing requires a knowledge of how to calculate compound interest.
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Calculate Return on Equity 2
After the first year, or as a projection for future years, a real estate investor might want to calculate the return on equity formula for years after the first. This could be to determine if the return still justifies holding the property when it has appreciated in value and the mortgage has been paid down significantly.
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All-In-One Printers
The average real estate agent or broker office works with a great deal of printed material, from brochures to MLS printouts, contract documents, marketing postcards, newsletters and more. Technology has come a long way in the printer category. The new all-in-one printer scanner copiers come in all sizes and capacities, from the small and inexpensive ink jet to the network-ready laser models to serve an entire office.
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Vacancy and Credit Loss Calc
Rental vacancy and credit loss is the estimated dollar amount of lost rental income due to vacant units and non-payment of rent.
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Real Estate Listing Agreements
There are three basic types of real estate listing agreements, Open, Exclusive Agency, and Exclusive Right to Sell. You should know the difference in order to know who is and is not entitled to a commission on sale.
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Drive By Broker Price Opinion
A drive by BPO, or broker price opinion, seems like it could be as simple as driving by and shooting a picture or two from the car. Learn here what else can be involved.
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Tips for the Real Estate Exam
Prioritizing your study subjects, and getting reliable resources and information are key to successfully passing the real estate license test. Real estate license exam tips are outlined here.
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Home Repair Estimating
Real estate investing, and especially the flipping of properties, frequently involves the purchase of a property in poor condition and repairing and remodeling it to result in a profit when it's sold. Obviously, great risk is assumed if the real estate investor isn't able to accurately estimate repair costs. Here are resources to help.
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Real Estate Easements
Easements are the right of someone to utilize the real estate owned by another. Real estate easements can be created by written agreement of the parties, a deed conveying a property, condemnation, court order, prescription or by necessity.
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Cap Rate to Justify Price
Using the asking price of an income producing property and the capitalization rates of other similar properties in the area, one can calculate the income necessary to justify the asking price.
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Case-Shiller & OFHEO Indexes
Keep track of what's happening in home prices with these updated charts of the Case-Shiller Home Price Composite 20 Index, the OFHEO (Office of Federal Housing Enterprise Oversight)and the RPX Home Price Indexes.
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BPO, the Broker Price Opinion
The BPO, or Broker Price Opinion, is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary. Learn here when a BPO might be used, the types of BPOs and more.
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