ASK MIKE MONDAYS - Who does the REAL ESTATE BROKER work for and who pays their fee?
ASK MIKE MONDAYS - Who does the REAL ESTATE BROKER work for and who pays their fee?
Michael discusses who represents the buyer and seller and who pays the listing agent. In today’s HOT apartment market…most apartment listing agents WILL NOT share the sales commission with a buyer’s representative. Unlike the single family home market, where it is typical for the listing agent to share or split commission fees, most apartment listing brokers will not pay your agent representing you. If you have buyer’s agent in a buyer’s transaction, you will likely be paying that agent out of your capital raise.
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Michael discusses who represents the buyer and seller and who pays the listing agent. In today’s HOT apartment market…most apartment listing agents WILL NOT share the sales commission with a buyer’s representative. Unlike the single family home market, where it is typical for the listing agent to share or split commission fees, most apartment listing brokers will not pay your agent representing you. If you have buyer’s agent in a buyer’s transaction, you will likely be paying that agen...
Michael discusses who represents the buyer and seller and who pays the listing agent. In today’s HOT apartment market…most apartment listing agents WILL NOT share the sales commission with a buyer’s representative. Unlike the single family home market, where it is typical for the listing agent to share or split commission fees, most apartment listing brokers will not pay your agent representing you. If you have buyer’s agent in a buyer’s transaction, you will likely be paying that agen...
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Most consumers who go through the buying process believe that the commission is paid by the seller, which is typically 2.5 percent of the purchase price.They don't pause to consider that the commission is simply added to the overall sale price of the property.Is it feasible that the seller is just paying the commission without considering where the money will come from?In actuality, you, the buyer, will pay a percentage of this fee as part of the purchase price.The realtor on the seller's side a...
Most consumers who go through the buying process believe that the commission is paid by the seller, which is typically 2.5 percent of the purchase price.They don't pause to consider that the commission is simply added to the overall sale price of the property.Is it feasible that the seller is just paying the commission without considering where the money will come from?In actuality, you, the buyer, will pay a percentage of this fee as part of the purchase price.The realtor on the seller's side a...
A firm or agent offering built-in commission discounts to house sellers is known as a discount real estate broker. These companies in real estate charge charges that are lower than the 2.5–3 percent listing fee that conventional realtors demand.Realiff's researchers devoted hundreds of hours to studying discount brokers and related services to determine which ones provide sellers the greatest overall value and which ones endanger your long-term financial security to make up for their cheap rat...
A firm or agent offering built-in commission discounts to house sellers is known as a discount real estate broker. These companies in real estate charge charges that are lower than the 2.5–3 percent listing fee that conventional realtors demand.Realiff's researchers devoted hundreds of hours to studying discount brokers and related services to determine which ones provide sellers the greatest overall value and which ones endanger your long-term financial security to make up for their cheap rat...
Some argue that working as a real estate agent is excellent preparation for a career in public because you learn to accept rejection, meet new people, work with them, and find common ground. That is how you sell houses. That is also how you gain support from the constituency.A real estate agent or broker is someone who represents buyers and sellers of real estate or property. While a broker can work independently, an agent typically works under the supervision of a licensed broker to represent c...
Some argue that working as a real estate agent is excellent preparation for a career in public because you learn to accept rejection, meet new people, work with them, and find common ground. That is how you sell houses. That is also how you gain support from the constituency.A real estate agent or broker is someone who represents buyers and sellers of real estate or property. While a broker can work independently, an agent typically works under the supervision of a licensed broker to represent c...
As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive “green shoots.” Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...
As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive “green shoots.” Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...
Here are the Tampa Bay area real estate agents who sold $50 million or more last year.
Here are the Tampa Bay area real estate agents who sold $50 million or more last year.
Mike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LP’s wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units.
Are you interested in learning more about h...
Mike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LP’s wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units.
Are you interested in learning more about h...
The construction industry would like to hold off and change the Biden administration plan to reverse a Trump administration rule on independent contractors. The new U.S. Labor Dept. mandate would likely force more employers to put them on staff—switching them, in tax terms, to W2s from 1099s—and affording them the valuable benefits and protections that such workers get. The idea is that workers would gain, say some progressive policy analysts that support the change, to the tune...
The construction industry would like to hold off and change the Biden administration plan to reverse a Trump administration rule on independent contractors. The new U.S. Labor Dept. mandate would likely force more employers to put them on staff—switching them, in tax terms, to W2s from 1099s—and affording them the valuable benefits and protections that such workers get. The idea is that workers would gain, say some progressive policy analysts that support the change, to the tune...
To understand why many people get into real estate investing, you must first answer, “what is real estate investing, and how does it work?” Table of Contents What Is Real Estate Investing? How Does a Real Estate Investor Make Money? Real estate investing has become one of the more popular ways that people build wealth. Those looking to expand and diversify their portfolios know that investing in real estate is one of the best ways to do so. Though it comes with certain risks, real estate inv...
To understand why many people get into real estate investing, you must first answer, “what is real estate investing, and how does it work?” Table of Contents What Is Real Estate Investing? How Does a Real Estate Investor Make Money? Real estate investing has become one of the more popular ways that people build wealth. Those looking to expand and diversify their portfolios know that investing in real estate is one of the best ways to do so. Though it comes with certain risks, real estate inv...