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A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and many other countries.
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
McGinnis was born in Chicago, Illinois, and moved to Dover, Delaware, in 1954. In 1964 he entered the real estate business by selling and leasing commercial property. He worked in the industry for eleven years before earning his broker's license from the Delaware Real Estate Commission in 1975.
A Delaware Statutory Trust (DST) owns income-producing real estate and sells percentage shares of ownership to investors who expect to receive income and appreciation. DSTs can offer significant ...
The first bar examination in what is now the United States was administered in oral form in the Delaware Colony in 1783. [5] From the late 18th to the late 19th centuries, bar examinations were generally oral and administered after a period of study under a lawyer or judge (a practice called "reading the law").
Some states may require a written examination for a license, while others may require several years of field experience as a student or intern, or both. The requirements regarding who must be licensed may include uncommon or strange licenses; for example, four states require licensing for interior designers. [4]
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