To become a real estate analyst, most employers require a bachelor’s degree in finance with a background in real estate. Field-related courses and internships can help prepare for the role, as can lower-level positions such as associate financial analyst or property manager. The steps to becoming a real estate analyst can vary depending on the […]
Real estate asset management involves managing a property with a broader context in mind, such as manufacturing or office space, to maximize its value as a standalone business. Costs to consider include property taxes, vacancies, utilities, and maintenance, with maintenance being the preferred place for real estate exchange. Property asset management is simply the management […]
Estate planning and wills are closely linked as a will specifies how an estate will be divided and who the beneficiaries are, while dying without a proper will leaves the distribution of assets to state representatives. A will also allows for specific wishes to be implemented, such as leaving an estate to a philanthropic organization, […]
Realtor software helps manage home listings and solve specific problems. Content management systems keep online listings organized, virtual tour programs provide property previews, contact management software stores contact details, and real estate contract software simplifies legal contract creation. Realtor software is meant to help professionals run a business and manage home listings. Most types of […]
Becoming a real estate specialist can vary depending on the employer and region, with government programs typically requiring a college degree and/or experience in the industry. On-the-job training is also available, and experience in real estate offices, title companies, appraisals, or assisting attorneys can be useful. The term “real estate expert” can also be informally […]
Real estate asset managers buy, develop, and sell investment properties for clients, focusing on growth and traffic patterns, population growth, and tax implications. They require excellent communication and negotiation skills and a bachelor’s degree in real estate, finance, or economics. A real estate asset manager buys, markets, develops and sells properties on behalf of his […]
Homeowners with mortgages can deduct interest on their primary and second mortgages, as well as take advantage of a home office deduction. Points paid when buying a home or refinancing are also tax deductible, while costs associated with selling a home can be deducted from taxable income. Eligibility requirements vary and should be checked annually. […]
Real estate investors can make money through buying and selling land, income assets, or participating in trusts. Real estate agents can also earn commissions by assisting buyers and sellers in transactions. Education and passing an exam are typically required to become an agent or broker. The two ways to make money in real estate are […]
Uptake rate measures the rate at which properties in a specific market sell, helping buyers and sellers understand market events. Absorption rate can be used to determine the number of properties for sale and provide buyers with an opportunity to negotiate lower prices. Developers use uptake rate to determine their ability to sell new property […]
Real estate sales representatives assist with the buying and selling of residential and commercial properties, representing either the buyer or seller. They advise on pricing, market properties, and negotiate on behalf of clients. Licensing exams and training classes are required in many areas. A real estate sales representative deals with brokers involving both residential and […]
A trust holds property for beneficiaries for a specified or indefinite period, while an inheritance allows beneficiaries to take possession of property. A person can create and use a trust while alive, and can be the trustee and beneficiary. Trusts can be set up in countless ways for various purposes. An inheritance is passed on […]
A housing market analysis involves gathering statistical data on recent trends such as average selling prices and foreclosure levels. This data can be collected from government reports, local courthouses, and real estate agents. Demographic changes can also be examined through census records or door-to-door visits. The analysis must cover a specific area and time period […]
Estate taxes can be as high as 46% and are collected on property left to surviving family members. An estate tax exclusion can reduce or eliminate these taxes, and there are tools to minimize them, such as the gift tax credit and charitable donations. Estate taxes are collected on property left to surviving family members […]
Real estate paralegals assist attorneys in real estate law by preparing legal documents, researching laws, and assisting in legal proceedings. They usually hold an associate’s or bachelor’s degree and work under the supervision of a licensed attorney. They cannot provide legal advice or represent clients in court, but their work is charged at a lower […]
To become a real estate foreclosure attorney, one must have a bachelor’s degree, a Juris Doctorate, and pass the bar exam. The job requires knowledge of real estate law, organization, and research skills. Foreclosure attorneys typically work for banks or law firms. A real estate foreclosure attorney helps ensure that the sale of a property […]
Real estate brokers need more than just errors and omissions insurance. They also need worker’s compensation, business liability, business interruption, life and disability, health, and property and casualty insurance. A person looking for real estate broker insurance may be surprised by the different types of insurance policies available. Errors and omissions (E&O) insurance is typically […]
Investors in rental properties can use tax breaks to reduce taxable income, including deductions for mortgage interest, property taxes, insurance premiums, property purchases, repairs and renovations. However, tax laws vary and investors should consult tax advisors and keep records to avoid penalties. People who own rental properties can use investment property tax breaks to reduce […]
Estate planning fees can be categorized into document preparation, consultation and advice, filing and transfer fees, and ongoing fees for service providers. Fees increase with the number of people involved and the complexity of the estate. Wealthy clients may also incur fees for trusts and business entities. Ongoing involvement of third parties, such as professional […]
Foreign investment properties are real estate purchased by investors in other countries to generate income. Legal complications, taxes, and currency exchange rates are important considerations. Popular investments include hotels, condos, and villas. A foreign investment property is a piece of commercial or residential real estate located in another country that an investor purchases to generate […]
An independent real estate broker operates without connection to a franchised real estate business and offers additional services to clients. They may charge fees for services, including managing property listings, appraising properties, and serving as a manager to other real estate personnel. Working independently can avoid franchise fees, but it’s important to research the broker’s […]
