As anybody who has decided to purchase or sell a piece of property can tell you, the whole process can seem confusing. Lots of people who seek the help of a professional real estate broker allocate many a sleepless night trying to figure out who is taking advantage of them more: the broker or the bank? While there is no cure-all to this ages-old anxiousness, there is a new pamphlet available that helps real estate newbies navigate their way through some of the red tape that comes with purchasing or selling real estate.
Also, as alternatives to that, one can browse the Internet to understand more about real estate listings, property for sale by owner, real estate broker, the real estate red tape, etc. Yes, if one can only spend time on internet surfing, surely he is able to understand more about real estate business-- especially for the new ones.
So now, back to this new pamphlet and how can this help newbies in real estate business.
The Federal Trade Commission has recently provided a helpful guide that helps new purchasers or sellers with some frequently asked questions concerning real estate. Titled Selling Your Home? Tips for Selecting a Real Estate Professional, the guide focuses on the appropriate amount you should expect to pay for a real estate commission, the ins and outs of contracts and also the business models.
While the guide is a bit slim, weighing in at only four pages, it does come with some substantial info. Under the section about commissions, the guide discusses that while six percent is the industry standard, it is still negotiable, and if your real estate agent tells you there is a local or federal law on the books that says the commission must be at that rate, they are lying and it is probably a good indicator to find a other broker who will be honest with you.
The guide goes on to make prospective clients realized to try to negotiate for a lower commission, since brokers need your business just as much as you need theirs.
In the next section, the guide explains the variation between full-service real estate brokers, and discount brokers and highlights that if you go with a discount broker, you may need to do more of the leg work yourself. The guide also says that while a full-service agent usually gives all needed services for one flat rate, the discount broker is more likely to have an "a la carte" approach, where for each additional bit of help, there is an additional payment.
The guide goes on to give hint on negotiating contracts in your favor and not the banks, as well as info on hiring a trustworthy real estate agents.
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
Inexpensive Transportation from/ to cities. Also inexpensive place to stay in Hunstville, Ontario
By: SoloSinger1218 | 17-08-2008
Help! I need to find transportation either from Windsor to Toronto, Canada or from Toronto to Hunstville, On. The trip from Winsor to Toronto would be one way & the trip from Toronto to Hunstville would be round trip. Ihave an Hostelling card for any discounts but need to find a way of getting to either places that;s not too expensive. Does anyone have any ideas how to get to either of these places with out costing a fortune? I have to be in Hunstville by Oct.11th & would also need a place to stay also that not expensive for the few days I will be there. Any help you can give me would be vry helpful! And thanks for answering my questions!
Buying the 18 districts of hong kong stamps
By: Robertkennedylee | 16-08-2008
Hi, I am looking for the 18 Districts of Hong Kong Post stamps to BUY. Please contact me at my e-mail address, robertkennedylee@aol.com. Thank you ROBERT KENNEDY BREWER
I would to find a map of the Ste - Cesaire back to ...
By: EddyTheroux | 14-08-2008
I would to find a map of the Ste - Cesaire back to 1950 so I can try to find part of my family or and address book back to that time I have only a picture of them I would see if any of them are alive so can make contact
Thank you Eddy Theroux E-Mail EddyTheroux@aol.com
Do i need a passport to get in to canada by car
By: joyce | 11-08-2008
do i need a passport to get in to canada by car
Applying for landed immigrant
By: jasonne | 10-08-2008
I am almost 2 years here in canada holding a working permit visa and my common law partner and daughter arrived last july 6, 2008 holding a visitors visa, and i am applying for landed immigrant, what are the steps i have to do in order to include my family in my application, and how much will it cost per person for the processing and how long will it take?
Travel document to USA by land
By: per | 05-08-2008
I doGQn't have a driving licence. I have Canadian citizenship card. Can I show my Ontario Health Card with photo , to cross the boarder to USA from Canada
Peri
Q&A Powered by:
Latest Real Estate Articles
Investment in Dubai
By: Editor-123 | 11/10/2008
Now, even the foreigners can easily invest and can take active participation in the capital investment in this ever-growing market of the Dubai properties. Amidst the glasslike towers along the vast sea, Dubai promises increasing returns for its investors.
Profit From the Foreclosure Boom Through Powerful Foreclosure Training
By: DCFawcett | 11/10/2008
When real estate investors evaluate their options for what types of properties to invest in, some of the first things that come to mind are preforeclosure, real estate short sales, and other types of foreclosure properties. This tendency is a natural one. After all, sellers facing foreclosures are naturally going to be more motivated and that is what most investors are looking for.
Historical City of Apulia
By: Priya Singh | 11/10/2008
Apulia is "mare e terra", sea and land, a world of rich contrasts. The varied coastline and the hinterland with its cultivated farmland; the tranquil small towns and its cultural treasures.
Hawaii Homes and Volcanoes for Sale
By: Hedin Johan | 11/10/2008
Volcanoes can be found it most parts of the world and Hawaii is no exception-the beauty and lush landscape that comes with volcanoes is literally out of this world. When I suggested a few friends of mine to go visit the islands, I didn’t realize they’d come back with more than they’d bargained for.
Find Hawaii Homes for Closure and Profit
By: Hedin Johan | 11/10/2008
When we talk about the homes that are up for foreclosure, it really does seem like these homes and their families are closing down for good.
Find Great Investments From a Professional Real Estate Company in Hawaii
By: Hedin Johan | 11/10/2008
Real estate in Hawaii is what dreams are made of. Some would love to live there, some would just simply invest there but for others, it’s a place to die for.
Tips to be a Property Buyer
By: Editor-123 | 11/10/2008
Are you planning to buy a retail property? You can own your dream property by following some simple steps. Don’t worry about the long period for the planning and preparation. Usually it may take many months or even a few years. Don’t worry or get discouraged. The time taken is worthy of pursuing your goals.
Using an Agency to List Your Orem Real Estate
By: Art Gib | 10/10/2008
When people decide to sell their home, they often turn to an agency or a brokerage for help.
More from Stephen Campbell
Tools For Effective Time Management
By: Stephen Campbell | 28/09/2008 | Time Management
Throughout the course of history human being has sought to augment new methods to record, track and make better use of time.
Learning Basics About Stock Market
By: Stephen Campbell | 25/09/2008 | Finance
There are so many ways to make money out the and for many How Does the Stock Market Work is not hard when we consider it as an ideal proposition for making money.
Effective Credit Card Usage
By: Stephen Campbell | 13/09/2008 | Credit
In the first place, the less you know about credit cards, the lots more likely you are to fall into credit card debts; it is easy to protect yourself against this by being knowledgeable when it comes to credit cards.
Some Important Tips For Home Selling
By: Stephen Campbell | 08/09/2008 | Real Estate
Some homeowners use pamphlets, DVDS or newspapers to pass across information about their homes to prospective home-buyers or client . You can put up information about your intention to sell your home on the internet-- that is an effective strategy.
The Significance Of Anger Management Techniques
By: Stephen Campbell | 08/09/2008 | Self Improvement
Anger management techniques are put in place to give encouragement to individuals to work on their anger. Anger management programs are generally educational in nature and help the victim to take control of their emotions-- the anger.
Catalysts For Achieving Real Success
By: Stephen Campbell | 08/09/2008 | Self Improvement
There are 4 important things which everyone should etch within their heart and mind--success secrets., leadership development, business success, abundance and prosperity.
Effective Ideas For Achieving Personal Improvement
By: Stephen Campbell | 03/09/2008 | Self Improvement
First things first, meditation is an eminent factor in life; it's connected with energy healing technique which is just right for individuals who live with lots of tension from jobs or other areas of their lives.
Taking Advantage Of Distance Learning Online
By: Stephen Campbell | 03/09/2008 | Education
If you are in a career that is limiting because of the educational qualifications you have, you can make a significant change by taking up a distance learning program offered by prestigious Universities online.
Finance 
| Posted: 03-06-2008 | Comments: 
