Why does my real estate agent want a Proof of Funds Letter?

Posted on March 17th, 2010 in Renting & Real Estate | 6 Comments »

Katie M asked:

My real-estate agent (whom also is representing the seller on this particular property) is asking us for a Proof Of Funds letter. Is this unusual? Why should we let the representative of the seller know how much money we have in the bank, as I think that would impact our leverage in negotiations because the seller and the sellers agent will know how much we could possibly afford? Opinions?

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How much money does a Real Estate agent make in Georgia?

Posted on January 20th, 2010 in Renting & Real Estate | 3 Comments »

yahoocraze asked:

I am thinking of going to school and getting my bachelors for Real Estate, but I am not sure if they make enough? Anyone know?

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What is the general cost to start in real estate?

Posted on January 7th, 2010 in Renting & Real Estate | 6 Comments »

Adam G asked:

I have researched the basics of getting into real estate such as the classes you need, the cost of the license, the test you need to take, and other legal matters. My main question is, how much money is typically needed to really get going? I live in Georgia, and am pretty sure that the cost of the license is $170.00, and the test is $70.00. I’ve heard that in-person classes range from $700.00-$1000.00, while online classes go between $300.00-$500.00, and that you shouldn’t take the online classes. If someone could elaborate on this, it would be much appreciated. Also, a ballpark estimate of how much money would be needed for other fees that pop-up, such as advertising yourself. I live at home with parents currently, so living expenses would be minimum. Any information would be much appreciated.

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How much money does a real estate agent earn?

Posted on November 28th, 2009 in Renting & Real Estate | 2 Comments »

Laila A asked:

Working in New York City how many homes does a real estate agent sell on average?
What is their average salary including comission over a month?

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Is real estate appraisal work still a good career?

Posted on October 7th, 2009 in Renting & Real Estate | 2 Comments »

Team Hall asked:

I want to get my license to do commercial and residential real estate apprasials, but I am worried about the current real estate market. Is this still a good career to pursue, or is the market really ending for this type of business? How much money do appraisal workers make annually? Thanks for any info!

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How do you start a real estate holding company and a real estate development company, can I combine the 2?

Posted on September 30th, 2009 in Renting & Real Estate | 1 Comment »

Bdd asked:

I am 14 and when I get older I would like to start a real estate holding company LLC and a real estate development company LLC. How much money would I need to start one? With the real estate holding company do I get capital gains? Also I would like it to be publicly traded. So what is the best way to go about doing this?

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