should i be an Enrolled Agent?
347420
Ab enrolled agent is tested and is required to complete continuing education under the IRS. Its a ton of work to acheive, and a bunch of work to keep it. Otoh, it can give you a real edge over others.\n\nThe disadvantage, is enrolled agents don't have attorney client privilege like a tax attorney. This can create a sticky situation.\n\nAs far as selection goes, it depends on the situation. An enrolled agent would be the one to call if the tax situation is complicated. If its a nightmare, than a tax attorney. For the average individual, a local CPA is probably adequate.
309657
Ok. Well when you find a home and it is listed with the agent you are working with and the seller is paying a commission to the agents office of 6 or 7% then the agent is a limited agent and then she gets boths sides of the sale. If the agent is offering 2.5 or 3 % out to a selling agent then they will split the listing side with the office and the selling side with the office. If they are on a 50/50 split then she would 50% of each side. \nIf the home is listed by one realtor and you use another then the listing agent splits say 3% with her office and your agent splits with their office. \nExample $100,000 x 6% is 6,000 divide by 2 is 3,000 now each agent splits with their office some 50/50 some 60/40 or more. Say its 50/50 then her side is 1,500 - sometimes 8% to the corporation then minus 30% for taxes.  So maybe she would get around 1200 clear at best. And the same for the listing agent.\nIt is nice to get both sides of the sale but as a buyer you want that agent working for you not for the seller. \nAnd yes I am an agent that has drivin many many buyers around and they bought nothing and then many have so it works out in the end. Sometimes I get paid once a month somtimes not for a couple of months then we pay yearly dues to all the Realtor organizations and Error and Ommission insurance  and MLS dues and website fees and mailings and postage. Not to mention gas. But I enjoy it and I love when my buyers find the right home for them. And First time Buyers are the best the get so excited when its their first home. The more money they have the pickier they get.
956327
I am a Realtor and I am also a Corporation....Now sure why.....That is just what my accountant said would be best....That way if I get sued they can only go "personally" as deep as my Corporation and not my cut me through my personal (protects my family)....Talk to your accountant about it....IT is a nice protection to have.....
567566
u can get money by puting the insutrance policy as a security. its better that u consult ur agent or the company.
827903
If you have no experience, it is best to go with an agent, but BE CAREFUL!  Shop around for an agent who is honest, ethical, and is dedicated to working in your best interest.\n\nThere are many agents out there, but so few who can be trusted.  Don't sign anything until you are absolutely comfortable with your prospective agent.
587561
I am not an agent but I play one on TV (Joking).\n\nI have delt with many agents in selling and buying real-estate.  It is a 24 hour job, and very demanding.  Don't ever expect to have any kind of free time on your hands if you do this type of work.\n\nThe are responsible for smooth transactions in buying and selling real-estate.  They will list your property, give you an estimate of what is is worth, and advise you of what you need to do to make it more marketable.\n\nUsually there will be an open-house so that other brokers from other agencies will see it for themselves.\n\nThere are different kinds of brokers...some represent the seller, and others the buyers.\n\nWhen I purchased a home there was the seller's agent, and my agent put together the deal.  When it was time to sell the house, we used the agent that represented the house when we bought it because she did such good work.\n\nUsually your clients will be from word of mouth.  They make a commission of the value of the home being sold.  Usually there is a 6% fee, with the agents involved with the transaction.  3% each.  From that the agent gets a percentage based upon the years they have with the brokerage firm they represent.\n\nSo a home selling for $250,000 = 6% 15,000\n 3% = 7,500\n 1.5 % = $3750.
973812
Have your Real Estate Agent put you in touch with the right state and/or fed agency. This is income dependant.
279450
This is quite an broad question.\n\nI believe that real estate is a good industry to be in right now;  but when deciding what to do, I believe it is more important to do something you enjoy and are good at.  \n\nSo is it good for a new immigrant to get in real estate agent's business?  Yes, if its what you're good at and enjoy.
296445
All agents are glorified contract lawyers. SO go to law school concentrate on contract law and litigation and you are on your way. \n\nJust do not be a dirtbag and screw college kids out an education by telling them they could go pro after their freshman year.
540838
Well if you get 5% intrest monthly but 10% yearly if it's a compound deal go for the monthly. If it's just simple it's up to you. (I'd still go monthly if it was me)
839280
Depends.\n\nNo one just starts an insurance agency on their own by hanging out a shingle and leaving the front door of the office open.  (Maybe someone did that 50 years ago, but not now.)\n\nYou'll need to work your way up in the business.  If your interest is property casualty insurance (PC), State Farm has an excellent system for training and promoting within their company.  That's a great place to start and may be a great place to stay and even from which to retire.  Two things:\n     Be prepared to relocate to an available office anywhere in the US;\n     You will only be able to sell State Farm and companies authorized under that name plate.  This is known as "captive agency" and you would be a "captive" or "career agent" of State Farm for as long as you worked for them.\n\nIf your interest is in life insurance and health insurance, find a local agency and get a job as an office assistant.  Show some initiative and you might find you like the business and will get opportunities to sell.  Life insurance carriers also have "captive agencies"  (Northwestern Mutual, New York Life, Mass Mutual, etc.) and that's a good place to get training.  Be prepared to starve for the first few years, however.  This is a tough way to go.\n\nYou will have to get licensed in the states in which you want to do business.  Each state has it's own requirements.  Insurance is not regulated by the federal government (yet).\n\nThere is a lot of future opportunity in insurance.  The baby boomers are getting ready to retire in another few years and someone is going to have to take over.\n\nGood luck!
353594
I'm a part-time agent (with a full-time job) and have been for a year and a half.  It is very difficult to do with a full-time job.  If your full-time job is not flexible, then I would advise against becoming an agent.  You are going to need to take/make phone calls and run paperwork around, and if your job is not flexible, you won't be able to be the quality agent your clients deserve. Obviously, many things can depend on the local market you are in. Find a good agent who's willing to talk to you about the real estate market in your area. Knowledge is the #1 thing you will need: knowledge of contracts, clients, market conditions, mortgages, etc!\n\nYou will really need to be on top of things.  If you don't make your real estate deadlines or things fall though the cracks, you will never make it.  Be organized and detailed!  The hardest part is starting off.  If you don't know a lot of people who are potential clients then you may not have any business for a while.  Since you won't have time to work in the office to try to pick up calls there, then you are going to have to find clients somehow.  This is important. No clients = no sales. Tell everyone you know that you are an real estate agent.  You never know when they will remember and call you when they need an agent. Ask to work open houses for other agents. Open houses are better opportunities to pick up new clients than it is to sell the house. Most people won't necessarily want the house you are at, but make sure you get their information so you can send them information on more houses they might want.\n\nI agree with the other answer about teaming up with someone else.  You can help each other succeed and possibly split some advertising expenses, etc. You need to be prepared to spend a lot of money before you make ANY money: classes, exams, licensing fees, business cards, association dues, signs, MLS fees, and more. Research what costs you will have and be well prepared for it, or you may become disillusioned and give up too soon. Many agents are lucky to have one sale in their first year. \n\nGood luck!
213800
It depends. Did you get a license as an Agent or a Broker?  The difference between the two is that an Agent, to be able to operate, needs to be hired by a licensed Broker.  So, which one are you?\n\nIf you're already licensed as an Agent, you can apply for principal broker companies such as Marcus and Millichap, REMAX Commercial, Sperry Van Ness and so on..  These companies usually require licensing o accept a new agent in their company.\n\nOn the other hand, if you're already a licensed Broker, you can go ahead and form your own real estate group with you as the principal.
820089
Only if you are going to use it and keep using it as long as you have a contract.\n\nOtherwise, enjoy.
995478
I'd say open a brokerage account at a discount broker and try to make careful decisions.
785801
as an agent you need to meet a certain own sales quota for the first year . then second year you may recruit 4 agent to do the same . at the end of second you you are able to apply for the post of unit manager . and starting from 3rd year your are apointted as unit manager and can have overiding on your agents .\n\nfor more information please send me a mail \n\nrw_terence@yahoo.com
934051
If you are doing this out of the kindness of your heart, you're probably okay. But you need to be licensed before you accept _money_ for trading their account (especially if you lose the client's money and they run screaming to the authorities) For example, see the Illinois Securities Department's Admonistrative Rules (link 1). \n\nIn Illinois, I am fairly certain you would need to register as an Investment Adviser (after passing the Investment Adviser Examination).\n\nBut if you can bring accounts into a brokerage, and you are as good as you say, than why not work for one? Perhaps you can work your way up the business (or eventually start your own). The additional required licensure exams are not rocket science:\nthe basic one is the Series 7 (General Securities Representative) exam (link 2).\n\nGood luck!\n\n----- excerpt from link 1 ----\nSection 130.221 Exclusion of Certain Persons from the Definition of Investment Adviser in Section 2.11 of the Act\n\nAny person whose investment advice is limited to providing such advice to his or her employer as part of the employee's regular assigned duties, who receives no special compensation on account of such advice (other than salary and other compensation alternatives generally available to persons at a similar level of responsibility within the employer) and who is not held out to the public as an investment adviser by the employer is hereby designated as a person not within the intent of Section 2.11 of the Act pursuant to Section 2.11(6) thereof.