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A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S, this commission can generally range between 5-6% of the property's sale price for a full-service broker but this percentage varies by state and even region. [2]
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.
A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. [1] If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:
This summary is based largely on the summary provided by the Congressional Research Service, a public domain source. [5]The National Association of Registered Agents and Brokers Reform Act of 2013 would amend the Gramm-Leach-Bliley Act to repeal the contingent conditions under which the National Association of Registered Agents and Brokers (NARAB) shall not be established.
Business brokers, also called business transfer agents, or intermediaries, assist buyers and sellers of privately held businesses in the buying and selling process.They typically estimate the value of the business; advertise it for sale with or without disclosing its identity; handle the initial potential buyer interviews, discussions, and negotiations with prospective buyers; facilitate the ...
If you still have questions about Real ID or how to obtain one, you can use the Indiana BMV's interactive document guide online or contact the BMV service line at (888) 692-6841.
It is the Broker who is the Agent of the Buyer or Seller. The Sub-Agent is an agent of the Broker, works for the Broker, and represents the interest of the Broker. The formal position of a Sub-Agent in the hierarchy of real estate practitioners in the Philippines is equivalent to the rank of Salesperson.
Before 1935, SR 111 was known as SR 133. When U.S. Route 33 (US 33) was commissioned in Indiana, SR 33 was decommissioned. SR 133 followed the same route as SR 111. [3] [4] In October 2012, the portion of SR 111 in Clark County was turned over to the county, with the Floyd County portion turned over to the county in January 2013. [5] [6]