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What do real estate agents spend on hardware

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Discover the essential hardware investments made by real estate agents in the US to streamline their operations and elevate their efficiency. Learn about the latest gadgets, tools, and technologies that help professionals thrive in the competitive market.

Introduction

In the ever-evolving world of real estate, staying ahead of the game is crucial for success. While the skills and expertise of real estate agents are indispensable, having the right hardware tools can significantly enhance their efficiency and productivity. In this article, we will explore the hardware investments that real estate agents in the US make to optimize their operations and streamline their workflow.

Table of Contents

The Must-Have Hardware for Real Estate Agents

  1. Smartphones: The Swiss Army Knife of Real Estate

Real estate agents rely heavily on smartphones to stay connected, organized, and efficient. These devices serve as their virtual office, enabling them to manage contacts, access important documents, schedule appointments, and communicate on the go. The latest smartphones with robust processing power, ample storage, and advanced camera capabilities are essential for capturing high-quality property images and videos.

  1. Laptops or Tablets: Powerhouses of Portability

Real estate agents require portable computing devices to handle tasks that demand

The Big Island of Hawaii offers the most affordable homes which have risen the least year over year. Kaui lead the way with price increases with a 37.5% rise YoY. Most house prices are up 8% year over year with the exception of Oahu, where house prices actually fell 1.6% year over year.

Is Hawaii real estate a good investment?

With its limited availability, stable market, and growing vacation rental market, owning a piece of Hawaii is a solid, safe investment. Whether you're looking for a vacation home, rental property, or a long-term investment, Hawaii real estate offers something for everyone.

What is the housing prediction for Hawaii?

Hawaii MSA Housing Market Forecast Urban Honolulu: Predicted growth rates of 0.4% by August 2023, 0.6% by October 2023, and a significant 2.8% by July 2024. Hilo: Anticipated growth rates of 0.9% by August 2023, 1.8% by October 2023, and 7% by July 2024.

Is it smart to buy a house in Hawaii?

Hawaii real estate has proven time and time again to be a very fruitful investment. whether you're planting roots or buying an investment property you can expect your home value to appreciate. Homes in Hawaii are somewhat insulated from a lot of what happens in mainland housing markets.

Are real estate prices in Hawaii dropping?

Zillow Insights: The average home value in Hawaii currently stands at $836,677, reflecting a 1.8% decrease over the past year. Notably, properties are moving swiftly, with an average of 18 days from listing to pending sale as of July 31, 2023.

How do I reinstate my real estate license in Florida?

A null and void license cannot be reinstated unless the applicant demonstrates that he or she failed to renew the license due to an illness or economic hardship. There is no specific definition for "illness" or "economic hardship." Each application is reviewed on a case-by-case basis.

How long can my real estate license be inactive in Florida?

2 years (b) Any license that has been involuntarily inactive for more than 2 years shall automatically expire. Once a license expires, it becomes null and void without any further action by the commission or department. Ninety days prior to expiration of the license, the department shall give notice to the licensee.

Frequently Asked Questions

Can you reinstate FL license online?

Certain suspensions can be reinstated online. Visit the Florida Department of Highway Safety and Motor Vehicles MyDMVPortal to see if this is an option for you. If you have a ticket and/or fine, it must be paid to, or disputed with, the Clerk of Courts Office in the county where the ticket or fine was issued.

How do I renew my real estate license in NY?

Real Estate Sales and Broker licenses must be renewed online through eAccessNY. A postcard and email renewal reminder containing eAccessNY renewal instructions is sent to all Real Estate licensees approximately 90 days prior to their license expiration date.

How much does it cost to renew your real estate license in North Carolina?

$45.00 The renewal fee is $45.00. Per Commission Rule 58A. 0503, you must renew online at www.ncrec.gov. If you fail to renew on or before June 30, your license will EXPIRE.

How do I renew my Florida real estate license for the first time?

You can renew your real estate license online through the Florida Department of Business and Professional Regulation (DBPR.) If this is your first time renewing online, you will need to register first. We recommend that you complete your CE training at least 10 days before your license expires.

How much is it to renew your real estate license in Ohio?

Ohio Real Estate Renewal Cost
StatusReal Estate SalespersonReal Estate Broker
Renewal Cost Online$182$243
Late Penalty Fee$91$121.50
Reactivation Fee$34$34
Total Cost$182 – $307$243 – $398.50
Aug 23, 2023

How do I renew my Michigan real estate license?

The renewal of Michigan real estate licenses costs $78 and must be paid by Visa, MasterCard, or Discover credit or debit card. LARA allows for a total or partial CE exemption in a case of: Licensee's disability. Absence from the continental United States.

How do I renew my expired real estate license in WA?

You must complete coursework within 1 year before applying for reinstatement and pay the license fees and penalties. This includes: Completing 60 clock hours of approved real estate coursework (30 of the 60 clock hours must include the Real Estate Law course) Paying all back renewal fees with penalties.

What should you do before touring a house?

5 Steps To Prepare For Home Tours
  1. Steps to Prepare for a Home Tour. Learn how to prepare for a home tour!
  2. Look at Listings. First, begin by looking at all the listings your Realtor has given you.
  3. Use your Wants and Needs.
  4. Look at Virtual Tours.
  5. Create a List of Questions.
  6. Finalize the list of homes you want to see.

How do I prepare for an apartment tour?

What Should You Look For When Touring an Apartment?
  1. Plumbing. Check in the bathroom to make sure the faucets don't drip and that aren't any damp spots.
  2. Safety. Do the smoke detectors work?
  3. Electrical. To test the electrical outlets in the apartment, bring a phone charger and plug it into all the outlets.
  4. Appliances.

What do you wear to an apartment tour?

You should look clean and presentable so professional or business casual attire is best. You can dress as if you are going to a job interview, but note that you may be walking around during your visit as the leasing agent or landlord gives you a tour of the property.

What to ask when calling about a house for rent?

12 questions to ask a landlord before renting
  • How long is the lease term?
  • What's included in the rent?
  • When is rent due and how do I pay it?
  • Is the security deposit refundable?
  • Is renters insurance required?
  • How much notice do I give before vacating?
  • What's the penalty for breaking my lease?

What should I wear to a house tour?

Wear a Comfortable + Appropriate Outfit Keep it reasonable. Plus, you're going to do a lot of walking through rooms and up and down stairs so wear comfortable clothes and shoes.

What does Cal Bre stand for?

On July 1, 2013, after almost a century as the Department of Real Estate (“DRE”), California's governmental agency responsible for enforcing the state's Real Estate Law became the California Bureau of Real Estate (“CalBRE” or “BRE”).

What does CA stand for in real estate?

Real Estate Abbreviations
AbbreviationDescription
CACommission Agreement
CBCCooperating Broker Compensation Agreement and Escrow Instruction
CDACommission Disbursement Authorization
CLUEComprehensive Loss Underwriting Exchange

Is CalBRE and DRE the same?

Even real estate agents who have had a license for a few years may be wondering what the California DRE is. That's because on July 1, 2018 the California Bureau of Real Estate (CalBRE) was renamed the California Department of Real Estate (DRE) - a title that was previously used before the name was switched to Bureau.

What is the difference between a real estate agent and a real estate broker in California?

Basic Differences Real estate agents are required to work under a supervising real estate broker in California. Brokers, on the other hand, have the freedom to work under another broker, work completely independently, or build their own real estate companies full of real estate agents working under them.

What is Cal abbreviation in English?

Calorie Cals are units of measurement for the energy value of food. Cal is an abbreviation for 'calorie'.

Is California a DRE or BRE?

New Law Re-Establishes the California Department of Real Estate. The California Bureau of Real Estate (CalBRE) will cease to exist, and will become the Department of Real Estate, effective July 1, 2018.

What was the California Bureau of Real Estate previously known as?

The DRE was founded in 1917, when the California legislature enacted the nation's first real estate law. In July 2013, the department briefly merged with the California Department of Consumer Affairs as the Bureau of Real Estate.

What is the history of the California Department of Real Estate?

The DRE was established in 1917 with the formation of the first-ever Real Estate Law in the country. With this law, licensing practices and licensees are regulated in a manner which is emulated by many other states.

What is the main purpose of the California Department of Real Estate?

The mission of the California Department of Real Estate is to safeguard and promote the public interests in real estate matters through licensure, regulation, education and enforcement.

What is the difference between BRE and DRE real estate?

Even real estate agents who have had a license for a few years may be wondering what the California DRE is. That's because on July 1, 2018 the California Bureau of Real Estate (CalBRE) was renamed the California Department of Real Estate (DRE) - a title that was previously used before the name was switched to Bureau.

What is the best state to buy a multifamily home?

Best States to Invest in Multifamily Real Estate? New York has the most multifamily properties and offers the highest profits. Since there are so many renters in N.Y., the chances of having tenants year-round increases. Miami, Austin, and Atlanta are great places to invest in multifamily real estate.

What are the disadvantages of buying a multifamily home?

The primary disadvantage of multifamily investing is that it requires more capital upfront than other types of investments, apart from other, large commercial assets. Multifamily investments often require a larger down payment than other types of investments, as well as larger monthly mortgage payments.

Which state has the most multi family properties?

Although New York has more multifamily properties than any other state, other cities rank higher as investment opportunities.

How to negotiate multifamily property?

5 Steps to Making an Offer on a Multifamily Property
  1. Review the Listing Brochure. Contact several multifamily brokers who specialize in your chosen investment market.
  2. Get a Copy of the Historical Financials.
  3. Complete Your Initial Financial Analysis.
  4. Schedule a Property Tour.
  5. Submit Your Offer.

What time of the year is best to buy multifamily?

Although spring and fall are two of the best seasons for buying an apartment community, that doesn't mean you should avoid looking for a property during summer or winter.

Do real estate pop-bys work?

Creative pop-bys are a fun way to help agents stand out from others. Not only is it a helpful way for real estate agents to make a touch or get in front of their clients, but, if planned correctly, can help an agent stay in front of those 'referral partners' all year long.

What is an example of a pop by?

Spring Pop By Gifts
  • Gardening Seeds or Tools. Spring is a season of renewal and growth, so flower seeds are a thoughtful pop by gift.
  • A Jar of Jam.
  • Koozies.
  • Grill Tools.
  • S'Mores Ingredients.
  • An Ice Cream Scooper.
  • Peanuts.
  • Pumpkin Carving Tools.

What is a pop by for realtors?

"Pop-bys" is industry-speak for small gifts that real estate agents drop off to past clients and current leads for the purposes of staying top-of-mind, asking for referrals, and earning repeat business.

What is a pop by?

What is a Pop-By? A Pop-By is the quickest & most effective way to generate referrals for your business. Popping-by your clients' homes or offices with a small gift of appreciation from time-to-time will leave a favorable and lasting impression.

How do you do a pop by?

A pop-by is just a small gift that you can hand out in-person, with your contact information attached. Pop-bys are often used as an excuse to touch base with someone, and give a friendly "hello!" Pop-bys are a great way to “pop-by” and leave a lasting impression!

How big is the real estate technology industry?

The global real estate software market size was evaluated at USD 10.24 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. The interruption of many construction activities across the globe during the COVID-19 pandemic led to a small decline in the market.

What is the future of real estate technology?

AI analytics and data aggregation will be increasingly popular with real estate technology startups; thus, AI real estate companies will likely receive more funding. Commercial lending and financial platforms will also offer a ripe prospect for tech real estate startups.

How big is the proptech market?

Report Overview: The global PropTech market size was worth around USD 19.5 billion in 2022 and is predicted to grow to around USD 32.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2023 and 2030.

What are the tech trends in real estate 2023?

2023 is envisioned to finally adopt blockchain to bring security, clarity, and efficiency to real estate transactions. There are two ways in which blockchain would help the real estate industry: Tokenization: It is the usage of cryptocurrency for dividing assets into tokens that will be stored on the blockchain.

Are real estate developers billionaires?

There are 25 billionaires on the 2023 Forbes 400 list who primarily owe their fortunes to real estate. These property tycoons are worth a collective $139 billion—about $5 billion more than the 24 in real estate were worth on the 2022 ranking.

Do pop-bys work for realtors?

Pop-bys are one of the most effective ways real estate agents can keep in touch with their clients and continue to provide value.

What is a real estate pop by?

"Pop-bys" is industry-speak for small gifts that real estate agents drop off to past clients and current leads for the purposes of staying top-of-mind, asking for referrals, and earning repeat business.

Can a pop by be mailed?

Mailed Individually to your Recipients We will assemble each Pop By and attach your business card in place of ours. They are then individually mailed to each recipient.

What is a pop by tag?

Our Pop-By Gift Tags are the perfect way to help you stay in touch with past, present and future clients. Also fun for your Open Houses (and drop a few at the homes that area), surprising your clients, or celebrating a special occasion.

How do you evaluate multifamily deals?

There is a step-by-step approach to performing due diligence in this regard.
  1. Step One: Analyzing the purchase price.
  2. Step Two: Analyzing the financial data.
  3. Step Three: Analyze the net operating income.
  4. Step Four: Analyze the cash-flow.
  5. Step Five: Analyze the Return on Investment.
  6. Step Six: Calculate the net ROI.

How do you quickly analyze multifamily property?

How to Value Multifamily Property : 6-Step Guide
  1. Step One: Dig Down the Purchase Price.
  2. Step Two: Explore the Financial Data.
  3. Step Three: Compute Overall Operating Income.
  4. Step Four: Estimate the Cash-Flow.
  5. Step Five: Examine How Much ROI you Will Earn.
  6. Step Six: Calculate the Net ROI.

How do you find the ARV of a multifamily property?

Key Takeaways
  1. ARV is the value of a property after repairs, renovations, or improvements have been made.
  2. The ARV formula is: ARV= Property Purchase Price + Value of Renovations.
  3. Keep an eye on apartment loan rates to ensure you're making smart decisions when it comes to financing your multifamily property investment.

What is the 1 percent rule multifamily?

The 1% rule in real estate is a guideline that's used to evaluate potential properties based on their cost and rental revenues. According to the rule, the monthly rental revenue of a property should be equal to or greater than the property's total purchase price.

What are my rights if my landlord decides to sell New York?

The tenant's agreement is tied to the property and not to the owner. That means if the property sells while occupied, the tenant has the right to live there until the standing lease expires. The new owner has to honor the length of the original lease created between the seller and tenant.

What are my rights if my landlord decides to sell in NJ?

Tenants are entitled to two-months notice before being required to vacate (if the buyer intends to personally occupy) or there may be no legal grounds to force the tenant to remove (if the prospective buyer does not intend to occupy the property).

What rights do tenants have when landlord sells property in Arizona?

Since the tenant's agreement is tied to the property, they have the right to stay there after the property is sold. If no arrangements are made for the lease to terminate legally, the new landlord must honor the lease until it expires. If the new landlord wants the tenant out, they can form a "cash for keys" agreement.

FAQ

Where is the best place to buy an apartment building?
According to Multifamily. loans, the 6 best cities to invest in apartment buildings in 2019 are Minneapolis-St. Paul, San Diego, CA, Orlando, FL, Knoxville, TN, Tampa-St. Petersburg, FL, and Phoenix, AZ.
What a landlord Cannot do in New York?
Tenants in New York cannot be denied based on past legal conflicts with a landlord (for example, if they have previously sued a landlord). Landlords in New York are also not allowed to charge any additional fees for the processing, review, or acceptance of an application.
How long does it take to get approved to take the Florida real estate exam?
Approximately 10-30 days Completing these two steps will allow you to be approved by the Florida Division of Real Estate to take your state exam. It will take approximately 10-30 days for your application and fingerprints to be approved. Upon approval, Pearson Vue will contact you with instructions for scheduling your exam.
How long is the Florida real estate course good for?
EDUCATION: Must hold a high school diploma or its equivalent. PRE-LICENSE EDUCATION: Prior to sitting for the state exam you must show proof of course completion of Florida approved 63 hour pre-license education for sales associates. The course is good for two (2) years from the date of completion.
How do I contact DBPR Florida?
If you need clarification about the requirements for a license application, contact the DBPR Customer Contact Center at [email protected] or 850-487-1395. The information displayed on the website is the same information that is available to the Customer Contact Center agents.
How long does it take to finish real estate school online Florida?
Candidates typically take from 10 to 20 weeks to fulfill the real estate licensing requirements, but it can be accomplished much faster. If you plan diligently, you can get the entire process done in less than five weeks.
How much does an average realtor make in Florida?
How much does a Real Estate Agent make in Florida? As of Oct 26, 2023, the average annual pay for a Real Estate Agent in Florida is $67,204 a year. Just in case you need a simple salary calculator, that works out to be approximately $32.31 an hour. This is the equivalent of $1,292/week or $5,600/month.
Is real estate in Hawaii a good investment?
With its limited availability, stable market, and growing vacation rental market, owning a piece of Hawaii is a solid, safe investment. Whether you're looking for a vacation home, rental property, or a long-term investment, Hawaii real estate offers something for everyone.
Can I invest $100 dollars in real estate?
Flexible investment amounts Invest anywhere from $100 to approximately $20,000 per house, making real estate investing more accessible to a wider range of investors.
How to invest in real estate with $1000?
  1. Real Estate Investment Trusts (REITs) Real estate investment trusts (REITs) are one of the best ways to invest 1,000 dollars, and are beginner-friendly.
  2. Real Estate Crowdfunding.
  3. Real Estate Partnerships.
  4. Real Estate Wholesaling.
  5. Peer-To-Peer Microloans.
  6. Turnkey Rental Real Estate.
  7. Tax Liens.
  8. Hard Money Loans.
Is $10,000 enough to invest in real estate?
Can I Buy a House With $10K? In the right market, yes. You can use your $10,000 investment as a downpayment on a property, depending on your loan type and the price of the house.
What is a bre in real estate?
As the largest law firm who focuses in the private lending space, let us navigate you through the two most typical licenses obtained: the Real Estate Broker's license (“BRE license”) issued by the California Bureau of Real Estate (“BRE”) and the California Finance Lender License (“CFL”) issued by the California
Is it DRE or Bre 2023?
Effective July 1, 2018, the BRE will again become the DRE. On July 1, 2013, after almost a century as the Department of Real Estate (“DRE”), California's governmental agency responsible for enforcing the state's Real Estate Law became the California Bureau of Real Estate (“CalBRE” or “BRE”).
How hard is it to pass the Arizona real estate exam?
Is the Arizona real estate exam hard? Around 23% of Arizona students fail the test and have to retake it in order to pass. Upon follow up after the test, most do not consider the exam "easy." The best way to alleviate your nerves and pass the test is to work hard and prepare as much as possible.
How long can a real estate license be inactive in Arizona?
Indefinitely An inactive status is allowed indefinitely, as long as continuing education (CE) is uploaded, however, remember, the difference between an active and an inactive license is that one cannot perform real estate activity with an inactive license.
What does BRE stand for?
Definition of 'BRE' or B.R.E. Bachelor of Religious Education.
How do you underwrite multifamily deals?
7 Steps to Multifamily Real Estate Underwriting For Beginners
  1. Analyzing the inflow:
  2. Analyzing outflow:
  3. Figuring out construction and renovation expenses:
  4. Figuring out your growth rates and vacancy rates:
  5. Figuring out post-renovation rents:
  6. Next big thing is financing:
  7. Evaluate:
How do you tell if a multifamily is a good investment?
When evaluating a multifamily property, the most important metrics to consider are cap rate, cash-on-cash return, internal rate of return (IRR), and equity multiple. These metrics help investors determine the return on investment (ROI) of a potential investment.
How do I find the ARV of an apartment complex?
In order to determine the ARV of a property, you or an appraiser can use a simple real estate formula: (Purchase Price) + (Value from Renovations) = After Repair Value. In comparing that to only the purchase price, you derive a percentage that indicates how much you can expect the property's value to increase.
What does contiguous mean in commercial real estate?
Contiguous means connected or “next to”. This term is usually used to refer to adjoining pieces of real estate. It means land adjoining or touching by a common corner or a common boundary line. It includes land having common ownership but divided by a road or other right-of-way.
What does contiguous mean in real estate?
Contiguous property is a property that is one continuous plot of land or several plots of adjoining land. Contiguous means being in actual contact: touching along a boundary or at a point. (
What is contiguous combination in real estate?
This is a block of space located on numerous adjoining floors in a building. It may also refer to multiple suites or spaces on the same floor and within the same building that can be rented or combined for a singular tenant.
What is an example of a contiguous property?
Contiguous describes something that is in continuous contact. In real estate, this refers to surfaces or properties that touch along at least a boundary or a point; connected in an unbroken sequence. For example, contiguous row houses.
What is the difference between contiguous and non contiguous real estate?
Contiguous lots are pieces of real estate that are in contact with or adjacent to each other. These lots share a common boundary, so parcels of land separated by a public street or other lots are not considered contiguous, even if they are owned by the same entity or person.
What does SF mean in renting?
Square foot In the commercial leasing industry, $/SF/year or $/SF/yr means the rent per square foot per year.
What does SF mean in apartments?
Square Feet sf: Square Feet. svc: Service. sl alcov: Sleeping alcove: an area large enough for a bed, not a separate room. studio: One-room apartment with a separate bathroom. split: 1 bedroom split, considered a 2 bedroom without a living room (or could be used as a 1 bedroom with living room)
How do you calculate SF for rent?
Rate if your commercial. Space is 3,000 square feet here's how to calculate your rap. Price per square foot. Times. Total square feet equals total annual rent.
What does SF mean in property?
SF Property means a Single Family Property that is wholly owned by or acquired by a Borrower and the fee title to which is held by such Borrower, together with all Improvements thereon and all other rights, benefits and proceeds arising from and in connection with such property.
What is SF affordable housing?
San Francisco's Inclusionary Housing Program has been in effect since 2002 and requires new residential projects of 10 or more units to pay an Affordable Housing Fee, or meet the inclusionary requirement by providing a percentage of the units as "below market rate" (BMR) units at a price that is affordable to low or
Is it worth investing in real estate in Hawaii?
With its limited availability, stable market, and growing vacation rental market, owning a piece of Hawaii is a solid, safe investment. Whether you're looking for a vacation home, rental property, or a long-term investment, Hawaii real estate offers something for everyone.
How to invest $50,000 dollars in real estate?
How To Invest 50k In Real Estate
  1. #1. Turnkey Rental Property.
  2. #2. REIT Investing.
  3. #3. Fix and Flip Properties.
  4. #4. Real Estate Partnerships.
  5. #5. Syndications.
How to invest $20,000 dollars in real estate?
One of the most popular ways to invest $20k in real estate is to purchase rental properties with a mortgage. This investment strategy allows you to leverage your money to purchase a property that you can rent out for cash flow and long-term appreciation.
What is the downside to living in Hawaii?
However, there are also potential drawbacks to living in Hawaii, including the high cost of living, limited job opportunities, and the risk of natural disasters. The state's isolation from the rest of the nation and traffic congestion in larger cities can also be challenges for residents.
What does DRE mean real estate?
The California Department of Real Estate Providing for the licensing and regulation of real estate licensees, this law continues to serve as a model for similar legislation in many other states. The California Department of Real Estate (DRE) continues to enjoy a nationwide reputation as a leader in real estate licensing and regulation.
What does DRE number mean?
Even real estate agents who have had a license for a few years may be wondering what the California DRE is. That's because on July 1, 2018 the California Bureau of Real Estate (CalBRE) was renamed the California Department of Real Estate (DRE) - a title that was previously used before the name was switched to Bureau.
How do I get a DRE?
To obtain a real estate salesperson license, you must first qualify for and pass a written examination. Those who pass the examination are provided a license application which must be submitted to and approved by the DRE.
How long does it take to get a DRE?
The DRE typically takes at least 6-8 weeks to process applications.
What is DRE compliance?
By “compliance”, I mean regulatory compliance with the laws and regulations enforced by the California Department of Real Estate (“DRE”). The DRE is the regulatory authority responsible for the issuance of real estate licenses, regulation of real estate activities, and enforcement of the California Real Estate law.
What tools does a real estate agent use?
The top 15 Real Estate Agent Tools In 2021 Are:
  • Canva.
  • Animoto.
  • Matterport.
  • Hootsuite.
  • Mailchimp.
  • Google Workspace.
  • Streak CRM.
  • Trello.
Is a Chromebook good for real estate agents?
Is a Chromebook good for real estate agents? Yes! The Chromebooks are incredibly easy to set up. They are lightweight and extremely affordable.
How much should real estate agents spend on advertising?
The amount of money you should spend on marketing as a real estate agent is entirely dependent on your income and available resources. Most agents recommend allocating 10% of your commission money to marketing.
How much should a new real estate agent spend on marketing?
If you're a newer real estate agent, consider budgeting 10% of your previous months' commissions. For example – if your commission was $3500 for the past month (or any other period), then 10% would be an appropriate marketing budget.
What is the toughest thing for real estate agent?
One of the toughest parts of the job is that long hours can be a significant challenge for real estate agents –– whether a new agent just starting in the business or an experienced agent. And to grow a successful business and meet the need of clients, realtors often need to work well beyond the typical 9-5.
What does RBA stand for in square footage?
Rentable area, known also as rentable building area (RBA) is another word for gross lettable area / gross leasable area (or GLA). The value is expressed in either square meters or square feet.
What is the difference between GLA and RBA?
There is no real difference between RBA and GLA (Gross Leasable Area) except that GLA is used when referring to retail properties while RBA is used for other commercial properties.
What is the difference between direct and total vacancy?
Occupied space is calculated by subtracting total vacant space from total competitive inventory. If subtenant space is excluded from the calculation, then the term “direct occupied space” is recommended.
What is the difference between absorption and leasing activity?
Gross Absorption: The total change in occupied space over a given period of time, counting space that is occupied but not space that is vacated by tenants. Gross absorption differs from leasing Activity, which is the sum of all space leased over a certain period of time.
What does the RBA measure?
The Reserve Bank of Australia is responsible for formulating and implementing monetary policy. The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds.

What do real estate agents spend on hardware

What are pop-bys in real estate? In real estate, pop-bys are a marketing strategy. They are specifically meant to be a method for reconnecting with past clients, as well as for generating referrals and new business. Pop-bys involve giving the client a small gift, usually one that has a cute marketing slogan attached.
What is the secret of successful realtor? So, the first secret to becoming a successful Realtor is to simply treat your real estate business as a real business and not as a part-time job or something in that fashion. As soon as you change your attitude towards your real estate business, you'll dramatically increase your odds of success.
How much do top realtors spend on advertising? Meanwhile, top agents who face heavy competition may wish to spend anywhere from 15% to 20% of their income in marketing. Some may even wish to spend 30% in a quarter or a year if they want to grow. While most businesses only need to spend about 5% to bring in new leads, the real estate industry is different.
When can I renew my Wisconsin real estate license? Per Wis. Stat. § 440.08 (2), the required renewal date for the Real Estate Salesperson credential is 12/14/ each even-numbered year.
What happens if your real estate license expires in NY? If your license happens to expire, you have a period of two years from the date of expiration to renew your license. If you fail to renew within that period, you will be required to pass the state written examination and submit a new salesperson/broker application and fee.
How does a house tour work? As the name suggests, an open house is an open invitation for anyone to show up and inspect a home during set hours. A listing agent will be there to field questions and give interested parties more information on the home. Private tours are usually set up with the listing agent or your own real estate agent.
What do you look for when touring a house? Things you do need to consider:
  • Odors. Sometimes, you need to rely on your other senses when touring a home.
  • Wall and floor condition.
  • Integrated fixtures & systems.
  • Unpermitted additions.
  • Lawn condition.
What questions should I ask on a home tour? Questions to ask when touring a California home
  • Why is the house for sale?
  • How much have nearby homes sold for?
  • Have there been any renovations?
  • Is the house protected against natural disasters?
  • What is the roof made of, and how old is it?
  • How old is the electric, plumbing and HVAC?
What are some red flags when buying a house? 10 Things To Inspect in a Home Before Buying
  • Red Flag #10: Neighborhood sell-out.
  • Red Flag #9: Foundation cracks.
  • Red Flag #8: Water damage.
  • Red Flag #7: Termite damage.
  • Red Flag #6: Condensation in windows.
  • Red Flag #5: Doors that won't close.
  • Red Flag #4: Sloping floors.
How do I make a home tour? A Step-by-Step Guide to Creating a Virtual Home Tour
  1. Step 1: Choose Your Equipment and Platform.
  2. Step 2: Organize Photography, Lighting, and Camera Placement.
  3. Step 3: Upload the Tour.
  4. Step 4: Create the Tour, From Walkthrough to Exit.
  5. Step 5: Publish and Market the Tour on Multiple Channels.
What do real estate agents like as gifts? Other than a high-quality review, here are some other thoughtful and useful gifts you can give your real estate agent:
  • Handwritten thank-you note.
  • Personalized coffee mug — agents are busy people and need fuel!
  • Gift card to a favorite haunt or hot restaurant.
  • A gift basket filled with your agent's favorite things!
Do people give realtors thank-you gifts? While it's typical for an agent to give their client a gift, it's not generally expected to give your REALTOR® a gift in return. However, a personalized gesture of gratitude is a great way to show appreciation and will have a lasting impact.
What do you send past real estate clients? Send Your Real Estate Clients a Survey After the Closing Include a personalized note at the top of the survey congratulating them. Ask for some feedback about how they thought the sale went, and inquire if they were satisfied with your service.
Why do realtors give closing gifts? If you've never heard of realtor closing gifts before, don't fret. Essentially, a closing gift is what you give your clients at the end of their transaction to thank them for their business and help them celebrate the purchase of their dream home.
How do you thank a REALTOR? Thank you so much for your help with [buying/selling] our home. Your knowledge and expertise made the process smooth and easy to understand for us. It was very comforting to know exactly what we were signing for and the details and risks of our deal. Please let us know if you ever need a review or testimonial!
What is a real estate platform? A commercial real estate platform is a place for agents, home buyers, and home sellers. It's quite a challenge to satisfy all three of these groups. To choose the features you need to focus on, think of different users' needs.
Are real estate apps worth it? Real estate apps are great for investing in real estate without actually having to buy and manage properties yourself. The best real estate investing apps often offer automated account management, so you won't have to worry about reinvesting dividends or calling big shots on your own.
How do real estate apps make money? Zillow makes money by selling advertising on Zillow.com and the Zillow mobile app to property management companies with vacancies, real estate agents looking for buyers and sellers, and mortgage lenders looking for borrowers. And it also sells to general advertisers, especially ones in the real estate industry.
Are real estate apps profitable? You can often go from browsing listings on a Friday afternoon to submitting an offer on a home by Sunday night — without ever setting foot inside. Not only are they incredibly useful, but these apps are making money hand over fist. In 2022, Zillow reported consolidated revenue of almost $2 billion.
What platforms do realtors use? After spending enough time researching, they contact a real estate agent to arrange a viewing.
  • 4 Best Social Media Platforms. Facebook. Instagram. LinkedIn. TikTok. Tips for Posting On Social Media.
  • Facebook.
  • Instagram.
  • LinkedIn.
  • TikTok.
What to expect during house tour? What to consider during the home tour
  • Structural condition, utilities, and HVAC. As you walk through a house, keep an eye out for any major cracks in the walls, floors, and ceilings.
  • Water damage and smells.
  • Storage space.
  • Parking.
  • Don't get caught up on the small things.
How do I prepare for a home tour? 5 Steps To Prepare For Home Tours
  1. Steps to Prepare for a Home Tour. Learn how to prepare for a home tour!
  2. Look at Listings. First, begin by looking at all the listings your Realtor has given you.
  3. Use your Wants and Needs.
  4. Look at Virtual Tours.
  5. Create a List of Questions.
  6. Finalize the list of homes you want to see.
How do I reactivate my Florida real estate license? If your license has been inactive for less than one year, you can get it reactivated by completing 14 hours of continuing education. If it has been inactive for more than 12 months but less than 24 months, you'll have to take 28 hours of continuing education credits, including the core law requirements.
Can a revoked real estate license be reinstated in Florida? A license, appointment, or eligibility that has been suspended shall not be reinstated except upon the filing and approval of an application for reinstatement and, in the case of a second suspension, completion of continuing education courses prescribed and approved by the department; but the department shall not
How do I make my Florida real estate license active? To activate the license, you must submit a completed DBPR Form (request for change of status) to the DBPR (Department of Business and Professional Regulation).
What is RBA SF? The Residential Builders Association of San Francisco also known as the RBA represents more than 300 of the most reputable and successful firms in the construction industry. ​ As an Association, the RBA is dedicated to improving conditions and enhancing the common interest of the construction industry in San Francisco.
What does GLA mean in real estate? Gross leasable area Gross leasable area (GLA) is the amount of space in a commercial building that can be rented by a tenant, including basements, mezzanines, or upper floors. In this article: What Is Gross Leasable Area in Commercial Real Estate?
Who regulates real estate sales in California? The California Department of Real Estate The California Department of Real Estate exists to serve the real property market and protects the transactions occurring in the real estate field. The DRE grants licenses to Real Estate Brokers and Salespersons.
Who signs the RPA? How is a legally binding contract created under the RPA? Buyer and Seller Signatures: Paragraphs 32 and 33 have signature blocks for two signatures each. If there are more than two principals, check the box for Additional Signature Addendum (C.A.R. Form ASA) to add up to three additional signatures per party.
What is R stands for in real estate? REALTOR® The trademarked "R" design denoting REALTOR®, with specific requirements for its placement and use. BOD. Board of Directors. CAE. Certified Association Executive, a designation awarded by ASAE.
Who is the agent principal in a real estate transaction? The principal is the individual who is selling the real estate property, while the agent is the licensed broker who has been contracted to represent the seller.
What is the difference between DRE and Bre? Governor Brown's consolidation effort abolished these departments and set up the Bureau of Real Estate and the Bureau of Real Estate Appraisers. That meant that the DRE would become the BRE. For many within real estate, CalBRE was another nickname for the new real estate bureau.
What is RBA rate? The current official cash rate as determined by the Reserve Bank of Australia (RBA) is 4.10%. The next RBA Board meeting and Official Cash Rate announcement will be on the 7th November 2023.
How do you write a good description of a house? Most descriptions start with must-know information, including:
  1. Number of bedroom and bathrooms.
  2. Square footage.
  3. Recent renovations and upgrades.
  4. Notable brands (appliances, flooring, etc.)
  5. Lot size.
  6. Basement.
  7. Garage.
  8. Extras (pool, fireplace, deck, appliances included, etc.)
What not to say when touring a house? Hear this out loudPauseDon't ask intrusive questions. You might be curious to learn why the sellers put their home on the market. But avoid asking probing questions, especially if the sellers' agent isn't present. Personal reasons like divorce, job loss, or relocation are none of your business.
How do you describe a house when selling? Hear this out loudPauseInclude as much detail as possible, highlighting the most salient aspects of your home. Include the property's location and nearby points of interest and conveniences. Let interested buyers get in touch with you to ask questions or set up a showing and learn more about the story of the home.
What are 4 characteristics that describe home? Hear this out loudPauseThe qualities of continuity, privacy, self-expression and personal identity, social relationships, warmth, and a suitable physical structure were associated with home environments, and were absent in residences which were not regarded as homes.
Are gift cards a good closing gift? Gift cards – Busy agents love giving gift cards and clients on a budget (such as first-time homeowners) appreciate receiving them. Especially if the card allows them to purchase what might be on their new-home to-do list, such as one from Lowe's or Home Depot.
What is a closing gift? A closing gift signifies the end of a fruitful partnership, and there's no better way to celebrate than by giving a thoughtful present.
Who oversees the California Department of Real Estate? Real Estate Commissioner Commissioner McCauley had been Executive Officer of the California Architects Board (CAB) since 2001. Commissioner McCauley's has been a leader in advocating for converting vacant office/retail space into housing (adaptive reuse) since his time at CAB.
Is it DRE or BRE 2023? Effective July 1, 2018, the BRE will again become the DRE. On July 1, 2013, after almost a century as the Department of Real Estate (“DRE”), California's governmental agency responsible for enforcing the state's Real Estate Law became the California Bureau of Real Estate (“CalBRE” or “BRE”).
How do you say price reduction in real estate? Instead, use terms that signal change. “Whether I am recommending we change a price to a client, or announce to the public, I always use the term 'price adjustment' or 'price improvement' instead,” says Atlanta real estate agent Kasey Prince of The Prince Group.
What are the three most important words in real estate? To achieve those goals, the three most important words in real estate are not Location, Location, Location, but Price, Condition, Availability.
How do you advertise a price drop? Quick Takeaways:
  1. Explain the price cut to your customers. Make them aware of the branding logic (they're not concerned about your business logic).
  2. Keep the focus on the features of the product and the value it delivers with respect to the price.
  3. Plan your price cut well in advance.
  4. Know how your competitors will react.
What are some good REALTOR quotes? Real Estate Quotes For Agents
  • “Realtors® are the gatekeepers of community!”
  • “If you think hiring a professional is expensive, wait till you hire an amateur.”
  • “Sleep is for people without access to the MLS” Lighter Side of Real Estate.
  • “I'm a big believer in a high-quality realtor and I endorse realtors for that reason.
What is a better word for price reduction? On this page you'll find 14 synonyms, antonyms, and words related to at a reduced price, such as: inexpensively, poorly, reasonably, advantageously, at a bargain price, and at a discount.
What does CalBRE mean in real estate? The California Bureau of Real Estate CalBRE, or the California Bureau of Real Estate, regulates those holding a real estate license in the State of California.
What is the difference between DRE and Bre in real estate? Governor Brown's consolidation effort abolished these departments and set up the Bureau of Real Estate and the Bureau of Real Estate Appraisers. That meant that the DRE would become the BRE. For many within real estate, CalBRE was another nickname for the new real estate bureau.
  • What is BRE in California?
    • As the largest law firm who focuses in the private lending space, let us navigate you through the two most typical licenses obtained: the Real Estate Broker's license (“BRE license”) issued by the California Bureau of Real Estate (“BRE”) and the California Finance Lender License (“CFL”) issued by the California
  • What are three prequalifications to be a real estate agent in California?
    • You must first take and pass 135 hours of Pre-Licensing coursework, which consists of three courses, including:
      • Real Estate Principles (45 hours)
      • Real Estate Practices (45 hours)
      • Real Estate Finance (45 hours)
  • Who owns the most multifamily properties?
    • The largest owner of apartments in the United States was the Tennessee-based real estate investment trust MAA, who owned about 99,700 apartments in 2023. Greystar Real Estate Partners - the second-largest owner in 2023 - followed closely with about 98,900 units.
  • What to do when looking at a house?
    • 10 things to ask when you view a home
      1. Why is the seller moving?
      2. What comes with the property?
      3. How old is the roof?
      4. How old — and how efficient — is the heating and cooling system?
      5. Are there any disclosures?
      6. Are there any problems with the house?
      7. Have you made any additions or renovations?
      8. What's the water pressure like?
  • What questions to ask when looking at a house?
    • 17 Questions to Ask When Viewing a House in California
      • Why am I buying a house?
      • What's my overall budget?
      • Which closeby amenities do I need most?
      • Is it a good time to buy?
      • What's included in the sale?
      • Were there any major renovations done to the house recently?
      • How long has it been on the market?
  • What to look for and ask when viewing a house?
    • 12 Questions To Ask When Buying A House
      • What's The Risk Of A Natural Disaster?
      • Are There Health Or Safety Hazards?
      • How Old Is The Roof?
      • Are The Major Systems Of The Home In Good Condition?
      • What Is The Monthly Cost Of Utilities?
      • What Appliances Are Included In The Sale?
      • Have There Been Any Additions Or Renovations?
  • Should I dress up to view a house?
    • Wear a Comfortable + Appropriate Outfit It's not a fashion show so leave the Armani suit and Jimmy Choos at home. That said, a tank top and Daisy Dukes are inappropriate. Keep it reasonable.
  • What is the best state to buy an apartment building in?
    • 1. Georgia. Due to its high population of renters (34.1%) and low cost of living (fourth lowest), Georgia is ranked as the best state overall to invest in real estate. With a high property appreciation rate year-over-year (YoY) of 22.1%, there is potential for rising rents and long-term equity growth.
  • How do I estimate the value of my apartment building?
    • Three of the methods – gross rent multiplier, capitalization rate, and comparative sales – can be effective ways to calculate the value of an apartment building. However, each method has its own advantages and disadvantages. As a result, it's important to understand all three methods before choosing which one to use.
  • What adds the most value to an apartment?
    • Ways to Increase the Value of Your Apartment Complex
      1. Make Internal Renovations.
      2. Improve the Parking Situation.
      3. Install Washers and Dryers.
      4. Offer Storage Units.
      5. Install Technology Amenities.
      6. Offer Pet Amenities.
      7. Improve Internal and External Lighting.
      8. Add Vending Machines.
  • Is owning an apartment building a good investment?
    • While expensive, owning high-value, income-producing real estate like apartment complexes is a good investment. Between the cash flow and tax break opportunities, investors stand to get a full return, offsetting the high costs of ownership; the majority of operating expenses can be written off at the end of the year.
  • How often do you have to renew your real estate license in Washington?
    • Every two years How long can my Washington real estate license remain inactive? You may remain inactive as long as you'd like but you'll need to renew your license every two years.
  • What do you have to do to renew your real estate license California?
    • TL;DR: To renew a real estate license in California, you must complete 45 hours of continuing education, pay the renewal fee, and submit your renewal application within 4 years of the license issuance date. Failure to renew on time may result in license expiration.
  • How long do you have to renew your real estate license in NY?
    • Two years You cannot conduct any real estate activities that require a license. You have two years to renew your license. If you do not renew within two years you will have to retake the state exam, however, you will not have to retake the 75-hour pre-licensing course.
  • What is a dre number in real estate?
    • DRE's Virtual Call Center remains open Monday through Friday from 8:00 a.m. to 5:00 p.m. at 1-877-373-4542. However, due to staffing restrictions and 
  • How much does SEO for real estate cost?
    • Monthly Retainer: The monthly retainer is the most popular choice. In return for a fixed monthly fee, realtors receive a full package of SEO services, including a technical audit, keyword research, backlinking, and regular content production. Fees for most agencies range from $500 to $5,000 monthly.
  • How much should I pay someone for SEO?
    • Most businesses have budgets that range from $500/month to $10,000/month. Large SEO projects cost an average of $1,500-$5,000 per month. Average hourly SEO services costs $100-$300 per hour. For small businesses, spend at least $500 per month on SEO to see results.
  • How much should you spend on SEO services?
    • How much should you budget for SEO? Companies typically budget between 10-20% of their revenue towards marketing. SEO can take up 20-50% of a companies marketing budget depending on the industry and target market of the company.
  • How much does an agency charge for SEO?
    • Hiring an experienced SEO freelancer or agency by the hour typically costs anywhere between $50-$150 per hour. Of course, you can find people that charge significantly less or more than this hourly rate. For example, this SEO hourly rate breakdown found that 6% of SEO providers charge over $200/hour.
  • Is SEO worth it for real estate agents?
    • You Can Get More Leads from Your Website In fact, SEO is one of the most effective lead generation strategies for real estate agents. If you are looking for more leads from your SEO efforts though, you'll need to prepare yourself for the long-haul – like years of work.
  • What should I bring to a home tour?
    • What to Bring to an Open House
      • Your agent! Your Howard Hanna agent is your #1 resource when house shopping.
      • Pen and paper. You'll want to take notes during your tour so you can reference them later, especially if you have plans to see multiple properties.
      • Measuring tape and measurements.
      • An open mind!
  • What is a real estate pop by ideas
    • Jul 27, 2020 — In real estate, pop-bys are a marketing strategy. They are specifically meant to be a method for reconnecting with past clients, as well as for 
  • What is the average amount an agent spends on real estate technology?
    • Between $50-$250 According to the National Association of REALTORS® Research Group's 2021 Technology Survey, 36 percent of real estate agents spend between $50-$250 monthly on technology tools, with only 17% of respondents spending less than $50 monthly.
  • What technology is used in the real estate industry?
    • One of the newer property technology trends is building management systems (BMS). These software tools allow real estate firms to monitor and control the physical environment of a building. This includes property metrics like temperature, humidity, lighting levels, air conditioning, security systems, and more.
  • How is technology affecting the real estate industry?
    • Real estate companies can leverage data to understand customer preferences, optimize pricing strategies, and personalize marketing campaigns, leading to more targeted and effective outreach. Property Management and Maintenance: Technology has greatly improved property management processes.
  • How important is technology in real estate?
    • Technology can help your real estate company not only gather data but actually interpret it. This allows your company to make smarter decisions, positioning you for greater success. Technology can give valuable insights that you might otherwise miss.
  • How big is the real estate technology market?
    • Frequently Asked Questions About This Report b. The global real estate software market size was estimated at USD 10.24 billion in 2022 and is expected to reach USD 10.89 billion in 2023.
  • What does RBA stand for in business?
    • The Responsible Business Alliance (RBA) is the world's largest industry coalition dedicated to corporate social responsibility in global supply chains.
  • What is a d/s calc real estate
    • The Alternative Depreciation System (ADS) is a method of calculating the depreciation of certain types of assets in special circumstances.
  • Is buying an apartment to live in a good investment?
    • Buying an apartment as an investor offers several advantages, such as steady rental income, potential property value appreciation, portfolio diversification, tax benefits, and leverage opportunities.
  • Is it profitable to buy an apartment building?
    • While expensive, owning high-value, income-producing real estate like apartment complexes is a good investment. Between the cash flow and tax break opportunities, investors stand to get a full return, offsetting the high costs of ownership; the majority of operating expenses can be written off at the end of the year.
  • What are the disadvantages of buying an apartment?
      • Limited Space. One of the main disadvantages of purchasing an apartment is the limited space that is typically available.
      • Lack of Privacy. Living in an apartment often means living in close proximity to neighbours, which can result in a lack of privacy.
      • Strata Fees.
      • Limited Outdoor Space.
      • Limited Control.
  • How do apartment owners make money?
    • Or else! Rental income is the primary way that an apartment building makes money. The rents collected become the biggest chunk of the gross income for that month. Then, the mortgage and expenses are paid, leaving the net operating income, or NOI.
  • What should you not do when looking at a house?
    • Anti-Checklist: What Not to Do While House Hunting
      1. Don't just pick up the phone, call the number on the sign, and go by yourself.
      2. Don't plan something for two hours later.
      3. Avoid taking separate cars on your buyer's tours.
      4. Don't bring a triple Venti mocha frap with you on your buyer's tours.
  • What not to do before selling a house?
      1. Getting Emotional.
      2. Not Hiring a Real Estate Agent.
      3. Setting an Unrealistic Price.
      4. Expecting the Asking Price.
      5. Selling During Winter Months.
      6. Skimping on Listing Photos.
      7. Not Carrying Proper Insurance.
      8. Hiding Major Problems.
  • What should you not do when listing a house?
    • 10 Things Not to Do When Selling a House
      1. Neglecting Repairs.
      2. Overpricing Your Home.
      3. Failing to Stage Your Home.
      4. Kicking Curb Appeal to the Curb.
      5. Shying Away From Showings.
      6. Overlooking the Clutter.
      7. Leaving Too Many Personal Items Out.
      8. Ignoring Obnoxious Odors.
  • When buying a home what is not a good thing to do in your search?
    • If you can't afford the house, take it off your list.
      • Not Knowing What You Can Afford.
      • Skipping Mortgage Pre-Approval.
      • Not Shopping Around.
      • Not Using an Agent.
      • Lacking Vision.
      • Overlooking Important Flaws.
      • Ignoring the Neighborhood.
      • Rushing to Put in an Offer.
  • Can I take photos when viewing a house?
    • Don't take photos without permission It's a reasonable thing to want to do but make sure you ask permission before you arrive with your camera.
  • What do you need to know before buying an apartment?
    • Always do your research before you buy an apartment so you don't end up living somewhere you don't feel comfortable. Some of the factors to consider include the area, the age and condition of the building, the fees and maintenance costs, the car parking, the storage options, and your neighbors.
  • What rights do tenants have when the house is being sold in Illinois?
    • When a new landlord buys a rental property, all existing oral or written leases are still valid. They cannot kick anyone out without proper notice just because they are the new owner. They also cannot force tenants to sign a new lease, pay a different rent, or otherwise change the terms of the lease.
  • Can a landlord break a lease to sell the property in Arizona?
    • While there is nothing requiring that the landlord release you from the remaining lease term because of their desire to sell the property, there is nothing to prevent you and the landlord working together and coming to a mutual agreement on a lease term adjustment.
  • Which realtor app has the most listings?
    • Zillow Zillow: The best overall. Zillow has the most property listings and loads of features to refine your search. It also has the most web traffic of any real estate app, making it a great choice for people looking to get high exposure to their properties.
  • What is LP SF on MLS listing?
    • LP/SF = List price per square foot. DOM = Days On Market.
  • What is LP SF in real estate?
    • List price per sq. ft LP/SF. List price per sq. ft.
  • What does fees mean in real estate?
    • Fee, also called Fee Simple, in modern common law, an estate of inheritance (land or other realty) over which a person has absolute ownership. The owner may put it virtually to any use—sell it, give it away, rent or lease it, mortgage it, or bequeath it.
  • What percentage do most realtors charge?
    • What percent commission do most real estate agents charge? The traditional standard commission is 6 percent of a home's purchase price, which is split evenly (3 percent each) between the buyer's agent and the seller's agent.
  • What does LP mean on MLS?
    • Sale Type – Indicates if the property is a regular (or standard) sale, short sale, foreclosure, probate, or some other type of sale. LP and OLP – Refers to the List Price (current) and the Original List Price. This shows if there has been a price reduction or change.

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