|Posted by Park Place Realty Network on October 27, 2016 at 3:30 PM||comments (1)|
You can make money in numerous ways by having a Real Estate license. We list several ways to make money in Real Estate below.
A real estate license is always a good thing to have even if you do not use it much. Like working with a real estate referral company in which is what we do here at Park Place. Even if you work in another industry but happen to have a real estate license, you can refer anyone that you know who is looking to buy or sell any type of real estate, anywhere in the world. We will match them with a top agent who will handle everything for you, and since you have a license you can legally earn a portion of the commission (22.5% of the commission to be exact) as a referral fee.
But what if you want to sell real estate full-time? Here are a few avenues in real estate that you can sell by having your real estate license.
Residential Real Estate:
The majority of real estate agents are in the residential real estate sales market. There is a lot of competition, but there is also a lot of homes that need to be purchased and sold, 62.9% of all Americans currently. The average real estate commission that you will make selling a home is 3% of the total purchase price of a home on the buy, or the sell side of the commission. A $500,000 home will net your company $15,000, but keep in mind the company that your license is held under will often take their cut off the top of this commission. Residential real estate is a good avenue as everyone, regardless of your marketing skills, has a friend or family member looking to buy or sell a home. If your friends & family like & respect you, then they will use you to buy or sell a home.
Commercial Real Estate:
Commercial real estate can vary widely as there are multiple avenues that you can go into like selling offices, retail, industrial, multifamily or hotel’s. There are the main categories that commercial can fall under. Commissions in commercial real estate vary from 3-10% of the total purchase price. Commercial real estate still has an old feel in many markets, if you can bring a young vibe in the market with new ideas on technology, you might find a great niche with commercial real estate.
In the U.S., there are currently around 27 Million business owners. As a real estate agent you have the opportunity to sell these business like you would a house. You would go in and assess the value of the business and then market and facilitate the sale with a potential buyer. Typical sales are around 10 Million dollars or less as anything above that cost, the business will typically employ firms that specialize in mergers & acquisitions. Business brokerage is a great niche to get into in real estate that typically sees low competition of other agents. If you understand the concept of how businesses are ran and are good at marketing yourself, this could be a great field for you to get into.
Agents like the idea of property managing as there is a great benefit to receiving residual income, which is not normal in real estate. Property managers typically earn the first month’s rent and then 8-12% of each month’s rent on a steady basis. Property managers have to market the property to find a tenant, manage the accounts of each property, and participate in the litigation with the tenants and contractors who maintain the property. This field could qualify for residential or commercial real estate.
We hope we gave you some ideas on how getting your real estate license could benefit you. See our blog here on getting your license. As we mentioned above, if you are not interested in working real estate full-time, it is always good to have your license. Most people run into several friends and family throughout the year who are looking to buy/sell or rent out some type of real estate throughout the year. If you have your license with us, you are able to make a portion of the commission by just referring them out to someone that does sell full-time, anywhere in the world. Go to our website www.ParkPlaceNetwork.com to get more details.
|Posted by Park Place Realty Network on September 30, 2016 at 4:50 PM||comments (1)|
Below are the steps on how you can get into the real estate business by getting a real estate license.
1. Contact a real estate school in your state.
A real estate school in your state will have all of the information on how to get started in the real estate business in your state. Typically the agent at the school can provide you with better information than someone who works for the state.
2. Pick a real estate school.
When it comes to a real estate school, in today’s market you have two options. Either an in class setting or online. This is strictly personal preference. Pick the one though to where you will retain the information the best. Passing the class the easiest is not always your best bet. Once you pass the school exam, you will then need to take and pass the state exam.
3. Fill out your application with the state.
Most all states will have an application and a fee that you will need to submit. Once you submit the application it can take the state sometimes weeks for approval. It is probably smart to submit the application when or even before you start your real estate school above on #2. Once the state approves your application, you are then eligible to take the state exam.
4. Schedule yourself for the state exam.
Once you pass your school exam and are eligible to take the state exam, you can schedule yourself to take the state exam. Schedule yourself for the exam and make sure that you are prepared as it can be difficult. Most states require a 100 question state exam. You can review some practice state exam questions for free here.
TIP: If you happen to fail the exam, some states let you pay a small fee to review the questions that you missed. Reschedule to take the exam as quickly as possible after reviewing the questions that you missed.
Real Estate is a great business to be in, even if you work in an entirely different industry. Our company, Park Place Realty Network is a great place to hang your license if you are focused in a different industry.
You can place your real estate license with us. Whenever you know of someone looking to buy or sell any type of real estate, anywhere in the world, we can refer it over to a top agent who will handle everything for you. Since you now have a real estate license, you will make 22.5% of the total gross commission (gross commission is typically 3% of the total purchase price) as a referral fee. Go to our website www.ParkPlaceNetwork.com to get all of the details.
|Posted by Park Place Realty Network on September 22, 2016 at 5:20 PM||comments (1)|
There are several different types of real estate referral companies. Learn the different types as it can get confusing in today’s real estate market.
Lead Generating Referral Company
This is the type of Real Estate Company that you receive a lot of calls and emails from trying to sell you on their service. They are a lead generating business. This type of Referral Company does not typically have active real estate agents. Usually they will have one broker that way it is labeled as a Real Estate Company. You will typically have an upfront cost in order to receive leads from this type of Referral Company. The leads that you get from a lead generating Referral Company are usually internet leads. Their main focus is producing real estate leads through the internet and then selling them back to you. You might also have to pay a percentage of your commission once the transaction closes like you would with a standard Referral Company.
Leads from the internet usually have around a 12% closing ratio.
Local Broker Real Estate Referral Company
This type of Real Estate Referral Company is what a real estate referral company is originally about. Most full-time Realtor companies like to have a secondary company which is a Real Estate Referral Company. They use this secondary company as a place for their agents in their Realtor Company to place their license in case they do not want to sell full-time and avoid having to pay the Realtor/MLS dues. This company is usually not a member of the local Board of Realtor/MLS that way their agents are not required to pay the dues. When an agent places their license in this type of Real Estate Referral Company, they will now have an active real estate license. When they have a friend or a family member who is looking to buy or sell, they can then refer it back to their brokers full-time Realtor Company, one of the Realtors will handle everything and then pay back the agent a referral fee through the secondary company. A broker in this type of company typically focuses on local real estate. There is usually no upfront cost except for a low annual administration fee.
Leads from friends & family usually have around a 70% closing ratio.
International Real Estate Referral Company
What we do at Park Place is different from the local Real Estate Referral Company above. You will also not have to pay for a Realtor/MLS membership as we are not members. Our main focus is on our referral business and referrals all over the world, not just in a local market. Referrals can be placed worldwide legally as the person in that area that we are referring to is handling the actual sale, not Park Place. We have over 500+ agents who are active with us and live as far away as Japan. When our agents know of anyone who is looking to buy or sell any type of real estate, anywhere in the world, we do the research and refer it out to a top agent in that market who will handle the entire transaction. We have their company in a contract to pay out a referral fee. Our agents will basically make 22.5% of the total commission as a referral fee once it closes. Our main focus is 100% referrals, all over the world.
Go to our website www.ParkPlaceNetwork.com to get more information on how Park Place can help you expand your real estate business internationally.
|Posted by Park Place Realty Network on September 9, 2016 at 5:00 PM||comments (0)|
Work with a Top Agent for your New York Real Estate Transaction and Receive Back 15% of the Real Estate Commission.
If you are looking to buy or sell real estate in New York, make sure that you are working with a top agent who knows what they are doing.
In the state of New York, there are over 200,000 people who have a real estate license. Everybody knows somebody who sells real estate and everyone wants to tell you to work with this and that person. But is that agent a good agent to work with? You have a lot on the line, and there’s many questions that need to be asked before working with any Joe Schmoe referred by someone.
These are just a few questions that you need to ask before working with any agent. Only a very small number of agents succeed at selling real estate (less than 10% of all agents), you need to make sure that you are in the right hands before venturing off in your real estate transaction.
Park Place is an industry leader in connecting people with the right real estate agents. We’ve handled thousands of transactions in connecting people with top real estate agents worldwide. We have over 500+ active real estate agents who work under Park Place Realty Network who live all over the world.
We have a database of hundreds of thousands of agents and are able to tell how many sales each agent has sold and the price range of their transactions. NUMBERS DON’T LIE!! When we find an agent that fits your needs, we personally contact them and ask all of the right questions to make sure they fit what you are looking for. If so, we then get them in a contract to rebate 15% of their commission back to you at closing. They are willing to provide this rebate as we can then send them future referrals.
Whether you are looking to buy or sell residential, commercial, land, industrial, business brokerage real estate, we are able to connect you with the right top agent who can help in your New York real estate transaction. Not only will you be in good hands, you will also receive back 15% of the agent’s real estate commission at closing by going through Park Place, saving you thousands. To get started, go to our website www.ParkPlaceConnects.com/rebate and fill out the form to take advantage of this program which can only be found on this blog.
|Posted by Park Place Realty Network on September 9, 2016 at 4:00 PM||comments (1)|
Work with a Top Agent for your California Real Estate Transaction and Receive Back 15% of the Real Estate Commission.
If you are looking to buy or sell real estate in California, make sure that you are working with a top agent who has been around and knows what they are doing.
In California there are over 300,000 people who have a real estate license. Everybody knows someone who sells real estate and everyone wants to tell you to work with this and that person. But is that agent actually good? You have a lot on the line, and there’s many questions that need to be asked before working with any Joe Schmoe referred by someone you know.
These are just a few questions that you need to ask before working with an agent. Only a very small number of agents succeed at selling real estate (less than 10% of all agents), you need to make sure that you are in the right hands before venturing off in your real estate transaction.
Park Place is an industry leader in connecting people with the right real estate agents. We’ve handled thousands of transactions in connecting people with top real estate agents worldwide and we have over 500+ active real estate agents who work under Park Place Realty Network who live all over the world.
We have a database of hundreds of thousands of agents and we are able to tell how many sales each agent has sold and the price range of their transactions. NUMBERS DON’T LIE!! When we find an agent that fits your needs, we personally contact them and ask all of the right questions to make sure they fit what you are looking for. If so, we then get them in a contract to rebate 15% of their commission back to you at closing. They are willing to provide this rebate to you as we can then send this agent future referrals.
Whether you are looking to buy or sell residential, commercial, land, industrial, business brokerage real estate, we are able to connect you with the right top agent who can help. Not only will you be in good hands, you will also receive back 15% of the agent’s real estate commission at closing by going through Park Place, saving you thousands. To get started, go to our website www.ParkPlaceConnects.com/rebate and fill out the form to take advantage of this program which can only be found on this blog.
|Posted by Park Place Realty Network on September 2, 2016 at 3:55 PM||comments (0)|
You can get all of the links to access Gold Coast's courses and we will also provide you with the state exam prep tests for free, here.
If you are in the process of getting your Real Estate License in Florida, click here to access free State exam prep questions which were put together by Gold Coast Schools of Real Estate.
Below is the directory to access each course for your Florida Real Estate License:
We hope this information helps you to find what you need in all that Gold Coast Schools of Real Estate provides. If you need to somewhere to place your real estate license, you can place it with us and avoid having to pay Realtor/MLS fees. Go to our website www.ParkPlaceNetwork.com to see why we are the top real estate referral company.
|Posted by Park Place Realty Network on September 1, 2016 at 2:25 PM||comments (0)|
Find out how to use the dbpr’s Florida real estate license search page here. We'll also show you how to get around the dbpr’s puzzle of a phone system when calling so you can speak with someone quickly.
The license search on the dbpr’s website can get confusing at times. Below is the instructions on how to use their website to search for real estate licenses.
Once on the main page, click on verify a license, this will take you into the Florida real estate license search page.
Search by name tab:
This section can get pretty detailed. At minimum you need to add in a last name, first name or the organization name.
The additional search criteria area below, you can get even more detailed. Under this section, always check off real estate under the license category, if not it will pull up every licensee who has a license with the dbpr which is multiple industries.
If you are looking for a real estate company, you can type in the company name under organization/establishment name. Make sure you check off the box below that says “search names beginning with exactly what you typed”, if not it will pull up anything with the words you added versus the exact company you are looking for as there are thousands.
Search by license number tab:
If you already have the license number that you are looking for, simply type it under license number. Make sure you check off real estate under the license category. You can add in the license abbreviation SL, BK or BL if you’d like or not, it will accept both.
If you have the license number to the real estate company, this can also be added in this section to pull it up.
By having the exact license number is the quickest way to pull up a license. There are over 300,000 FL real estate licenses and many with the same name and area.
Search by city or county tab:
You’ll hardly use this section, the top 2 tab’s are used mostly.
The only box that needs to be check off is the license type and pick real estate under license category.
If you are looking for sales agents in Orlando, FL. Under license type click on real estate broker or sales.
Under City, type in Orlando.
Under special qualifications click on real estate sales associate.
Click search and all will pull up.
Search by license type tab:
This section is basically the same as above, simply follow the same instructions.
Calling the DBPR fast without going through their whole phone system:
Calling the dbpr can be a pain as they have a massive telephone prompt system and it’s like putting a puzzle together just to speak with someone.
To solve the puzzle, call 850-487-1395, when they ask for you to select a number click 1, 1, 1, 0 & 1.
Make sure you don’t just dial all the numbers at once, you have to wait a second, once they ask another question on what you’d like to do then type in the next number.
Bookmark this page to your computer so you can remember this number combination in the future.
We hope this information was informative for you. If you have a Florida real estate license and you need somewhere to place it and avoid Realtor/MLS fees, you can place it with us. Go to our website www.ParkPlaceNetwork.com to see why we are the top real estate referral company.
|Posted by Park Place Realty Network on August 26, 2016 at 5:30 PM||comments (0)|
Here are the steps on how to obtain your NC Real Estate License:
Step 1. Successfully complete an approved 79 hour pre-license course. Here is a list of approved schools through the North Carolina Real Estate Commission (NCREC).
Step 2. Submit your course completion form and $30 to the NCREC. You will also need to obtain a criminal back ground check from Carolina Investigative Research, Inc. You can go to the NCREC website here and the Carolina Investigative Research website here.
Step 3. Register for and pass the NCREC State exam. A fee of $66 for the exam is made payable to PSI exams. Go to the PSI Exam website here.
North Carolina is a great state to have your real estate license in. The population in North Carolina continues to increase with many people from all over flocking to move here and purchase real estate. By having your North Carolina real estate license, you can now earn a portion of the real estate commission when they decide to buy or sell real estate in North Carolina.
If you work in another industry, or are retired, it is still wise to get your real estate license. You can place that license with us in which you are now active and can collect part of the real estate commission as we are a real estate referral company. When you know of someone looking to buy or sell any type of real estate, not just in North Carolina but anywhere in the world, we can refer it out to a top agent who will handle everything for you and pay you back top dollar as a referral fee. Go to our website www.ParkPlaceNetwork.com to get more details.
|Posted by Park Place Realty Network on August 19, 2016 at 12:25 AM||comments (0)|
You can earn real estate referral fees off of real estate transactions throughout the world with Park Place!
More than 1/3 of all real estate licensees are on inactive status with the state. Inactive does not mean you are not in good standing with the state with your license, it just means that you are not “active” under a brokerage, meaning you are not legally able to collect real estate commission.
Park Place is not your typical full-time real estate company to where you work with buyers and sellers. We are a real estate referral company. Below are the differences between the two different types of companies:
Standard real estate company: A standard real estate company is a company to where you are a member of the Board of Realtors and the MLS. You are required to join the Board of Realtors and the MLS since these companies are members of these associations. You would typically sell properties or work with buyers to find properties in your local market. If you are focused on selling full-time in your local market, this is a great way to make money in real estate.
Real Estate Referral Company: These type of real estate companies are not members of the board of Realtors or the MLS. Since they are not members, their agents are not required to be members. Agents in this company place their license under the company and then refer their referrals to agents who are full-time as Realtors and will pay them back a referral fee. There are many real estate referral companies out there, but they are typically a secondary company to the standard real estate company and only focus on their local real estate business. Standard real estate companies like to have a secondary real estate referral company for agents who leave their company from not being able to pay their association dues or are not selling enough. By having the secondary real estate referral company, they can now place their agent’s license in this company until they are ready to go full-time again. They can also collect all of their referrals locally to end back to their full-time company and give it to a full-time agent.
What makes Park Place Realty Network different?
Park Place has a 100% focus on real estate referrals and not on a local market selling full-time. We don’t focus on just a local market, but the entire world. Real Estate brokers are legally able to pay us for our referrals all over the world, so why not take advantage of that. We have agents who keep their real estate license active with us who live worldwide and also send their referrals worldwide and earn the referral commission.
If you have a real estate license and you are not currently using it. Go to our website www.ParkPlaceNetwork.com and see how Park Place can put extra money in your pocket!
|Posted by Park Place Realty Network on February 25, 2016 at 5:35 PM||comments (1)|
Someone who has a real estate license can become a Realtor within just a few days. All you have to do is pay the Board of Realtors their fees and take an orientation class which is just a few hours long. Once you complete all of this you are now a Realtor!! You can now work with buyers & sellers and call yourself a Realtor with your own name badge that clearly states you are a REALTOR!
But, you are probably confused with the term Realtor & Real Estate Agent or Salesperson. Don’t worry, most people are confused as they think getting a license means you are getting a Realtor license. The term Realtor is strictly & copyrighted for people who have a Real Estate License and are members of the Board of Realtors. The Board of Realtors an association which offers many benefits including political benefits to back the Real Estate Agent in their business. The membership with the Board of Realtors is usually several hundred dollars a year in which you are typically a member of the National, State and your local Board of Realtors. Most Realtor members are also part of the Multiple Listing Service which is separate from the Board of Realtors. The MLS is where Realtor members can access all of the properties that are on and off of the market.
Again, how long does it take to become a Realtor, I mean Real Estate Agent? I am assuming you are starting from scratch and you do not have your Real Estate license. Most states require a 60+ hour course which can usually be done online or in class. Once you pass the course exam you would then need to take the state exam with your state. Some states also require a National exam. Once all of this has been completed you can now register with your local Realtor association to become a REALTOR!
If you would like to keep your license active and avoid Realtor fees, take a look at what we can do for you at www.ParkPlaceNetwork.com. You can be active in real estate and avoid the Realtor fees. Good luck in whatever you do!
Broker & Owner of Park Place Realty Network