Wire fraud cases are on the rise; and buyers are being bilked out of hundreds of thousands of dollars. Criminals use sophisticated software to hack email accounts and look for keywords that indicate a transaction is in progress. Florida Realtors has added a Wire Fraud Prevention notice to the forms library to assist you in working with buyers to help them understand the danger of fraudulent wiring instructions.
New lending guidelines take effect on August 1, 2015. These new guidelines are significant and will impact residential real estate closings. View the video below to learn more!
Realtor discussion that is most topical and important currently is the issue of syndication. This concept addresses the use of third party sources, such as Zillow and Trulia, and broker-directed feeds to these web services of the broker owned listings. Please view this Florida Realtor video for an excellent overview on this current professional issue.
The term “Realtor” is used to mean membership in a realtor association. It implies membership in the trade organization of the National Association of Realtors and a pledge to adher to NAR’s Code of Ethics. In Brevard County, the local Realtor organization is the Space Coast Association of Realtors (SCAR). However, the term “Sales-Associate” is a license status issued to an individual by the state upon successful completion of a licensing course and the passing of a state examiniation. It is possible for an individual to have a license status of Sales-Associate but not be a Realtor.
For information about the Realtor mark or designation, watch this informative video about NAR’s Code of Ethics and the best practices that Realtors are committed to follow.
The answers of memebership benefits are many. The orientation video prepared by the National Association of Realtors below summarizes the many important benefits afforded through a licensee’s membership in the National Associationof Realtors!
Salary expectation in the real estate profession is extremely difficult to gauge. An individual functions as an independent contractor as a member of a real estate brokerage. This means the individual licensee determines his own hours of work, the choice of his targeted marketplace, advertising methods, reliance on social networking just to name a few variable elements. However, according to a survey conducted by the National Association of Realtors in 2014, the median gross income of Realtors was $47,700 in 2013. This was an increase from $43,500 the year before. It is also reasonable to assume the earnings for a first year sales-associate will be less than these amounts until a certain level of training and experience have been attained.
Referring once again to NAR survey above, the median gross income of realtor households was $105,500 in 2013.