A real estate sublease is when a primary tenant rents out their property to a secondary tenant. It’s important for the secondary tenant to verify the legality of the sublease and have a legal contract in place. Roommates who sublet also need to determine their responsibilities for damages. A real estate sublease is a contract […]
A housing market study can gather data on buying and selling trends, new construction or renovation needs, demographics, and consumer confidence. There are two main types of studies: area-wide and specific. Specific studies are project-based and require specific objectives, reliable data collection, and careful analysis. Real estate market studies can impact the investment market by […]
Real estate market analysis involves collecting statistical data on recent trends in the real estate market, such as average selling prices and foreclosure levels, and defining parameters such as geographic boundaries and time scale. Governments produce reports on price trends, while individuals can manually collect data on recent home sales or gather information from real […]
Real estate can be profitable through investing in land or income properties, or acting as an agent or broker. Investors may need good credit or a lot of money, while agents need education and passing an exam. Real estate trusts and funds can also be traded like stocks. The two ways to make money in […]
Real estate internships can be paid, unpaid, or for college credit. They offer hands-on experience in various industry career paths, but it’s important to select an internship that aligns with your career or life experiences. Unpaid internships tend to offer desk work, while paid internships offer a more comprehensive look at the industry. College credit […]
Estate planning involves developing a plan for the distribution of an individual’s assets after death. Estate planning jobs require backgrounds in law or finance, and may involve complex inventory rules and probate-related laws. Financial professionals and charity administrators are also involved in estate planning. The term estate planning is used to describe the process of […]
To become a commercial real estate attorney, you need to complete a degree program, obtain a Juris Doctor degree, pass the bar exam, and obtain a commercial real estate license. While there are no specific courses for this field, majors in philosophy, literature, and history can help develop necessary skills. Law school provides relevant cases, […]
Real estate recruiters need experience in HR, negotiation, and knowledge of real estate laws. Some companies prefer recruiters with a realtor background or a college degree, while others offer vocational courses. Law or accounting backgrounds can also be beneficial. Someone who wants to become a real estate recruiter must first gain some experience working in […]
Real estate appraisers determine the value of buildings, requiring a license and qualifications. They inspect properties, neighboring areas, and communicate with owners to produce reports for companies, government, or self-employment. Travel is often required. A real estate appraiser is a person who determines the approximate value of a building, such as a house, apartment or […]
A real estate appraiser determines the market value of a property, which is important for mortgage lenders to ensure the property is worth the loan amount. Appraisers use two methods to determine value and must be licensed and unbiased. A real estate appraiser is an individual who assesses the market value of real estate. Market […]
Commercial real estate agents help individuals or businesses buy, sell or lease real estate for business purposes. They specialize in different segments, such as renting office space or buying apartment complexes. Agents must be licensed and work under a licensed broker. They are paid on a commission basis and can represent either the landlord or […]
Becoming a real estate agent can be expensive and time-consuming, so working as a real estate trainee can provide a way to test the career path. Trainees track data, maintain databases, map out presentations, keep track of closing times, research listings, and handle administrative duties. Becoming a real estate agent is time consuming and can […]
Choosing the best real estate law school requires research, reading school resources, and interviewing students and professionals. Most law schools offer real estate courses, but some have stronger programs. LL.M programs in real estate are often seen as preeminent, but it’s important to ensure resources are available. Research top real estate law firms and attend […]
An estate liquidator turns a deceased person’s property into cash, often called upon by those who inherit an estate. They must determine the value of the assets and the best way to liquidate them, such as through auctions or estate sales. Knowledge of appraisals is crucial to avoid losing value. An estate liquidator turns a […]
Real estate receptionists need office and customer service experience, a pleasant and professional manner, and basic knowledge of real estate transactions. Personality is also important, and larger offices may require specific real estate experience. Job seekers can apply online or in person and may need to complete an interview. To become a real estate receptionist, […]
Real estate and property management offer varied career opportunities, with job security despite market fluctuations. Real estate agents, property managers, maintenance personnel, property attorneys, lawyers, and accountants are in demand, with varying education requirements and pay scales. Real estate and property management positions are varied and generally readily available, although they are sometimes subject to […]
Real estate instructors teach courses on topics such as valuation, property management, finance, and legal issues to students who want to become real estate agents. Certified Real Estate Instructors (CREIs) offer courses on real estate directors and practices. Instructors must have experience in the real estate industry and meet certification requirements, including a clean criminal […]
Real estate disclosure laws protect buyers from purchasing homes with known problems. Federal and state laws require sellers to disclose material defects, lead paint use in homes built before 1978, and other hazards. Buyers can also order a home inspection. Sellers are only required to disclose issues they are aware of, but in some cases, […]
An estate planning attorney drafts wills, advises on tax implications, sets up trusts, and may be appointed executor. They ensure correct procedures are followed to distribute property according to the client’s wishes and may reduce tax fees. Executors collect assets, pay claims, and distribute the estate. An estate planning attorney may be responsible for many […]
A defaulted estate is when debts exceed assets after a person’s death. Creditors’ claims are managed by law, and heirs may receive nothing. Debts must be paid before inheritance is divided, and if there are still outstanding debts, it’s an insolvent estate. Heirs are generally not liable for debts, but there are exceptions. Laws determine […]
