Does a new Real Estate agent in California have to work for a broker?
449614
No but you have to learn the way to fill out those thousands of forms.  A broker will have people help you.  Plus who wants to deal with a person who acts solo.  I'd be scared.
268673
I'm a broker. \n\nBroker= more education, more experience and more liability. \nAgent= less education, less experience and less liability.\n\nBrokers can work under other brokers as an agent to the broker. usually they call themselves broker associates in this case. \n\nAgents must always work under a broker. \n\nI always suggest you look beyond this terminology and find someone you can connect with. It is also important to find people with additional education. Things like a GRI or CRS designation. These are the top two educational enhancements that a realtor can get. they will tell you more then broker or agent. \n\ngood luck,\n\namir
1066951
I don't see why not. It could be a possible conflict of interest but I am having trouble imagining a possible scenario . . . \n\n• Standard of Practice 3-7\nWhen seeking information from another REALTOR® concerning property under a management or listing agreement, REALTORS® shall disclose their REALTOR® status and whether their interest is personal or on behalf of a client and, if on behalf of a client, their representational status. (Amended 1/95)\n\nArticle 12\nREALTORS® shall be careful at all times to present a true picture in their advertising and representations to the public. REALTORS® shall also ensure that their professional status (e.g., broker, appraiser, property manager, etc.) or status as REALTORS® is clearly identifiable in any such advertising. (Amended 1/93)\n\n•; Standard of Practice 16-3\nArticle 16 does not preclude REALTORS® from contacting the client of another broker for the purpose of offering to provide, or entering into a contract to provide, a different type of real estate service unrelated to the type of service currently being provided (e.g., property management as opposed to brokerage) or from offering the same type of service for property not subject to other brokers’ exclusive agreements. However, information received through a Multiple Listing Service or any other offer of cooperation may not be used to target clients of other REALTORS® to whom such offers to provide services may be made. (Amended 1/04)
467908
It shouldn't cost much.  Standard realtor commission is 6% (not sure in CA) though you should be able to negotiate this down.  Do an internet search for "flat fee realtor orange county" and you will likely find someone who will put your house on the MLS for $200-400.  You will have to show it, etc., but they will provide you with contracts, etc.  The key is being on the MLS and after that, realtors add very little value.  SO a flat fee realtor is an excellent alternative to paying someone 6%.  Finally, you should go to craigslist.org and put a listing on there.  I sold my house that way.  \n\nKeep in mind that if you want realtors to bring their clients to you, you should make clear that you will pay their commission.  When I sold my house, I stated that I would pay a 2.5% buyer agent fee, which was less than the standard 3%.  I had over 20 agents bring clients.  I'd list on craigslist first and if you dontt sell it that way, find a flat fee realtor and offer a 2 or 2.5 % commission.
1182719
Hi-\nRealtors are paid 100% commission in residential real estate typically splitting either side of the transaction with the sponsoring broker. For example if you represented a buyer on a $500K purchase at a 6% rate, 3% would go to each side and then that would typically be split 50 -50 from there. Good rule of thumb is 1.5% of any transaction. There are situations in commercial where a firm will give you a draw that gets paid back once transactions are complete.
59806
The fastest answer is to ask the Realtor to site the law. If you get the run around talk to his/her broker.\n\nIn California I'm not aware of such a law.\n\nAn honest open discussion with your landlord may go along way, especially if they have re-rented the property or can quickly.\n\nBest to you.
991645
I'm not sure there is a verifiable source for this info.  However after being in the business for over 20 years and managing a large office for real estate company I can give you an idea.\n\nI'd guess that of the 450,000+/- licensed agent/brokers in CA 60% are making $24,000 a year or less.  25% or so doing up to $50,000, 10% getting up to $80,000 and 5%  above that.\n\nOk that said it doesn't matter to any individual thinking about getting into the business.  You can make as much as you're worth.  But you have to work at it.\n\nMany people get into the business after they sell or buy a house.  They see the size of the total commission and think it's easy money.  Most folks (and I mean the vast majority) don't treat it like a real job.  If you have the ability to do basic math, care about people, can go 6 months without income (to start) and can keep your eyes on the prize you can be a great success.\n\nBy the way when I say keep your eyes on the prize, I mean helping folks acquire and sell their real property and help the sellers through the emotional transition of the sale.  If you get into it for the dollars you will find it much harder.\n\nGood Luck
572138
I think what you are asking is: If you go directly to the brokerage company, or property management company, do you pay an extra commission?  No.  You sign the lease and pay the monthly rent each month.  Before you move in, you also pay the security deposit, an extra deposit if you have pets, maybe a charge for the credit check, a key deposit if it's required, and the last month's rent if it's required.  While it is not legal to pay the selling commission directly to you because you are not licensed, you may be offered move-in incentives, more flexible terms, or other discounts (where legal) if there is no selling commission to be paid to a selling Realtor.\n\nIf you use a Realtor, he may ask you to pay his commission, or he may be paid by the brokerage company, or he may ask both of you to pay him a fee.  If the brokerage pays his commission, and he is happy with that, then you do not owe any extra.  Many times, property managers cooperate with Realtors, many times they don't.\n\nIf the brokerage company lists the rental in multiple listing, your Realtor will know the commission the brokerage company is offering before he contacts them.\n\nA Realtor you hire as your agent in a lease may be able to negotiate terms of the lease in your favor, especially if it is a unique, or complicated rental situation, or you are looking for a long term rental of say 5 years or more.  If you are planning on sub-letting, that usually must be added to a standard lease. You may want a certain structure to your yearly rent increases.  You may not want to make equal rent payments every month. You may want a certain agreement written into the lease regarding maintenance or repairs or improvements to the property, for example, who will be responsible for lawn care and snow removal, or can you have a garden area, or put up a fence, or put up a storage shed.  Maybe you need something modified so it is more accessible to the handicapped.  You will also want to be clear on what pets you are allowed to keep, or whether you allowed to smoke if you wish.  You may even need to make changes regarding how many people are allowed to stay with you.\n\nIf you go to the brokerage company on your own, take time to thoroughly read everything in the lease before you sign it.  If you have issues with certain provisions of the lease, you are always free to try to have them changed to your satisfaction.  \n\nOne way to negotiate rent payments: You tell the brokerage company what you want, and tell them to rewrite the lease before you sign it.  Another way would be: You sign the lease you are given but you would cross out the yearly rental amount you don't like and write in the amount you want.  Then you would change the monthly rent payment in the same way, and initial both changes.  Another way to negotiate the rent: You cross out the entire clause regarding the rent, type up a new rental clause and make it part of your counter-offer, then sign the lease, and initial your new rental clause.  You will also want a time limit which forces the landlord or his agent to consider your changes within a certain amount of time, like 5 days, otherwise your counter-offer is no longer valid.\n\nAnd for your protection, always have an attorney review the original lease, as well as your counter-offer, before you sign or present it, or give a deposit to the brokerage company.
864782
What area are you looking in? Also the norm is that the Sellers pay commission for the 'Selling agent/Buyers agent'. If your agent is aggressive enough he/she will ensure they get paid half of what the'Listing agent' is getting paid... example lets say the Mls says that the selling agent will receive 3% commission on the sale of the home... then if nothing changes and then escrow amends that then the selling agent gets paid that 3%. Which usually means the seller is paying 6% to whomever is the listing agent. Usually the 'selling agent' gets paid at the close of escrow. Let me know if I can help you negotiate if your in the state of California ... If not I can recommend someone professional in your local city! :)
794442
Interview several real estate agents before you sign up with one. Ask questions and select one with whom you feel comfortable.  Don't ask if the fee is negotiable. All real estate fees are negotiable. Typically, real estate agents charge a percentage, from 1% to 4%.\nhttp://homebuying.about.com/od/realestateagents/tp/Agentinterview.htm
335584
Yes. I work with the broker below. I use them, and I assure you they give the best service.
139408
The best way to do this is decide what type of agency with which you want to work. A franchise or a independent shop, a big player or a small operation. After determining that, see which of those have a presence in yor area and go talk with the broker of record.\n \nInterview them about their policies and what they expect from a new agent. Ask about training and mentoring programs. Speak with them about their competition, ask who they respect and think would be a good company to join if you didn't join them. Contact the local board of Realtors and ask if there have been any issues with the company as far as ethical compalints. \n\nAsk for their references, agents that are no longer working their, maybe see if you can speak with a couple of past customers about the level of service they provide.
828184
It will depend on the price. If it's over couple of millions, then you should expect a lower commission than normal 6%. I am an agent in the San Fernando Valley area in Los Angeles. If you want, we can get together or talk about your property over the telephone. The important things that any Realtor and buyer will want to know is the number  and type (1+1, 2+1, etc) of units in the buiding, gross rental income from apartments, approximate utility expenses and taxes.
93556
Typically you would just disclose that you are a licensed real estate agent acting for your own account, and plainly state that information in the offer.  However, you should check with your state's real estate commission for any specific requirements.
913147
First you have to become a licensed Realtor. That entails taking a class and passing it. After you pass the test, you take a state board exam. If you pass the board you have to work under a licensed Broker for a certain amount of time. After that, you do the same as above except you do it to become a licensed Broker.\n\nIf you can find a company to sponser you and give you a job when you have completed the Realtor portion, they will usually pay all your expenses for school.\n\nIt is not easy to complete. It is not an easy job either. You have to work week ends, be on call for your clients day & night. Keep up with all the listings, meetings, seminars, etc.\n\nIt is demanding at best. If you have kids, I wouldn't even consider it. The only real difference between a Realtor and a Broker is the Broker makes more money. But it takes a long, long time to build a business as a Broker. Unless, of course, you can get in with someone else that is already established. You can handle closings and money as the Broker. You also have the total responsibility for all the people who license under you. \n\nLong story short, there are no short cuts in the Real Estate business.
838589
usually 0 - they work 100% commission.  So you get out of it, what you put into it.  A realtor is a tough job though - in California, there are more realtors then houses where sold this year.
653172
a real estate agent that specializes in dealing with commercial property