New Real Estate Agent Expenses and Start-Up Costs To Budget For

New to the industry? Get started with everything you need to know about the early decisions that’ll shape your career, including choosing a brokerage, learning your market, creating an online presence, budgeting, getting leads, marketing listings and so much more. If you’re a team leader or broker-owner, New Agent Month will be jam-packed with resources to help your new hires navigate.

One of the most difficult things for most real estate agents starting out is maintaining their financial life while launching a real estate business. Because you don’t get paid until a closing, you can go several months without income, even if you sign a client on your first day as a licensee.

How do you plan ahead and make sure you are spending wisely throughout your first year in real estate? We talked to agents and financial planners to get some of their best tips and must-dos to keep

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Los Angeles Power Agents Tell All

Who better to parse the L. A. luxury-real-estate market than these unscripted real-estate celebrities? An original cast member of Bravo’s Million Dollar Listing Los Angeles, Josh Flagg is arguably the king of small-screen square-footage swagger, having sold more than $2 billion worth of properties since he started in the industry at 18. Mauricio Umansky may be known to many as the husband of Real Housewives of Beverly Hills’s Kyle Richards, but as founder of The Agency, he also oversees one of the fastest-growing private brokerages with offices worldwide and more than 600 agents. Michelle Schwartz and Ari Afshar are quickly blazing their own Carrara-marble-paved trails to fame. Sally Forster Jones routinely logs record sales in Beverly Hills, Holmby Hills, and beyond, while Malibu macher Chris Cortazzo’s career continues to crest as he rides L.A.’s exploding coastal market.


> What’s the difference between an easy and a

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27-year-old real estate agent’s advice to millennial homebuyers

Jeremy Mateo, 27, is a real estate broker in Hawaii and bought his first home, a one-bedroom condo for $560,000 in Honolulu, right before the coronavirus pandemic upended life in the U.S.

Since Mateo closed on his home in March 2020, the real estate market has been on a tear. At first, the pandemic shut down the entire market. By summer, he says buyer demand soared once the Federal Reserve announced it would hold benchmark interest rates near zero through 2022 and mortgage rates sunk to historic lows, “and that’s when all of real estate just started going crazy here in Hawaii.”

Buying a home at any time is a major decision, and right now, many housing markets nationwide are extremely competitive, causing home prices to soar.

So for those considering buying a home, whether in the next few months or next few years, Mateo shared with CNBC Make

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Remembering longtime Edmonds Windemere real estate agent Emoke Rock

Emoke Rock and Steven “Skip” Wayne. (Photo courtesy Shoreline Area News)

Longtime Edmonds Windermere real estate agent Emoke Rock and her partner Steven “Skip” Wayne died Friday, July 2, when they were hit by a Sound Transit light rail train.

According to this report from Shoreline Area News, the two were crossing the street at the intersection of Martin Luther King Jr Way South and South Alaska Street in Seattle’s Columbia City neighborhood. They were in a crosswalk, but Seattle Police reported that they were crossing during a “Don’t Walk” signal.

They were hit and pinned under an electric light rail car. Seattle Police responded, as did the Seattle Fire Department, which extricated them.

Emoke Rock was declared deceased at the scene, and Skip Wayne was transported to Harborview in critical condition and later died from his injuries.

Emoke Rock was a 1963 graduate of Shoreline High School. She

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Brett McPeak selected as BCC real estate agent – Buckrail

JACKSON, Wyo.   — Brett McPeak, Associate Broker at Jackson Hole Sotheby’s International Realty has been selected as Teton County’s Board of County Commissioners Real Estate Agent.

On July 6, the Teton County Board of County Commissioners approved a motion, selecting McPeak as the offical Real Estate agent for the County.  McPeak will represent the Board of County Commissioners and the Jackson/Teton County Housing Department as a Buyers and Sellers agent.

McPeak was chosen by a selection committee comprised of the Director of General Services, the Director of the Jackson/Teton County Affordable Housing Department, and the Chief Deputy County Attorney.

According to the Letter of Engagement sent to McPeak, “In matters where Teton County is selling property, it is our understanding that the gross commission will be 5% of the sales price (with 50% of that amount being paid to the brokerage working for the buyer). In the event you personally

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Real Estate Agent Accused of Squatting in Hamptons Bay Home

(iStock)

A Hamptons Bay homeowner claims in court that her tenant — a Century 21 real estate agent — is abusing coronavirus eviction protections and refusing to leave, according to the New York Post.

Genya Markon, a 78-year-old who lives primarily in Israel, planned to summer in the Hamptons but arrived to find tenant Julie Rinke had stayed past the expiration of her lease.

Rinke moved in a year ago and— despite a sizzling hot real estate market — claimed financial hardship, which for now protects her from eviction. The state’s eviction moratorium is not set to expire until Aug. 31.

Markon’s suit alleges that Rinke is “conducting herself in a bad faith, dishonest and manipulative way,” and exploiting those protections to stay in the home.

It’s not the first time an East End landlord has accused a tenant of abusing the moratorium.

A Southampton landlord said his tenants won’t

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Chicago crime could dampen demand for downtown condos, real estate agents worry

Gwen Hughes, a Berkshire Hathaway HomeServices Chicago agent, agrees. “Crime is on everyone’s minds, both buyers and sellers,” Hughes says an in email. As a result, she writes, “The downtown recovery has been slower than I expected. We are all hoping that the crime situation gets taken care of, and the market will start to improve.”

Many of the buyers of high-end downtown condos are suburban people either moving into the city as empty-nesters or buying weekend in-towns, and people from other parts of the Midwest who want a foothold in the dynamic city they love to visit. “If they keep seeing this news,” Farra says, “they’ll stay closer to home.”

The violence certainly doesn’t only threaten condo sales in pricey neighborhoods; it’s undermining daily life throughout Chicago.

Efforts by Mayor Lori Lightfoot and the Chicago Police Department to get violence under control have had little effect, to the point

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Warning to the Real-Estate Cartel

The Justice Department backed out last week of a proposed settlement with the National Association of Realtors to take a fresh look at the notoriously high commissions consumers pay real-estate agents. The move sent shock waves through the housing industry. The government occasionally brings an antitrust case and later decides to dismiss it. But never have federal antitrust authorities agreed to a proposed settlement only to back out after receiving public comment.

The real-estate lobby called the move “an unprecedented breach.” But there’s a much larger concern for legacy brokers than the novelty of the about-face. The signal from Washington is that antitrust enforcers are prepared to dismantle the collusive practices that burden U.S. homeowners with brokerage costs two to three times as high as in the rest of the developed world.

As authorities prepare a fresh inquiry, they should give close scrutiny to the bizarre way Americans pay real-estate

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Ask Amy: Backing out of deal with volatile real estate agent who’s also a friend presents a ‘no-win’ situation

Dear Amy: “Sophie” is a very close friend. I love her dearly. We have had a couple of difficult conflicts over the years but have always recovered.

I vowed that I would never hire Sophie as my realtor because of how it would affect our friendship, but I didn’t discuss this with her.

Recently, I put my home on the market, and against my better judgment, I asked Sophie to be my agent. Within 10 days, I realized that working with her was a bad decision. She did give me some advice about staging my home, and also sent me listings for places to rent.

We had not yet signed the contract when I told her that I loved her dearly and that she might even be the best realtor for me, but that the stress would not be healthy for our friendship.

She told me I was disloyal, abusive,

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How do I become a real estate agent in Israel?

Real Estate has always been one of the best investments in Israel. According to SAJR, in the first quarter of 2021, 10 Israeli real private companies achieved more than $1 billion in valuation.

Going by the reports, the tiny country, with Tel Aviv as the Capital city, has the largest number of real estate listed companies, aside from North America and China, and also has more than 7,000 active newbies, which is a record high.

Tourism is also big in Israel. For being such a small country, Israel has been declared the best country in the world for having a diversity of the best of features, ranging from landscape, economy, architecture, agriculture, and technology.

So, as different types of tourists flock to the country, the economy surges and real estate owners make a killing by turning their investments into vacation homes, such as studios, one bedroom apartments, and

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