Tag: Property

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Guide on How to Choose the Best Real Estate Commission Advance Company

It would be unfortunate if you had to wait until the last minute to receive payment on your real estate sale. The real estate sector is quite tough so any sale made entitles you to a hard-earned commission. To avoid such uncertainties, opt for real estate commissions advance companies. These companies offer alternative funding that allows the user to access their commissions in real time. Not all real estate commissions advance companies operate in the same manner. Here are a few tips that might help you choose one that best suits you.

 

Lack of hidden fees

Commission advance companies should not charge their users high discount fees. Serious companies avoid charging hidden fees. Any company that charges wire fees, administrative fees and application fees should be avoided. Those that offer a single flat fee can be understood best.

 

Exemptions from credit checks

Is your credit situation poor? No need for worry. Real estate advance commission companies that do not require credit checks are the best bet. They provide their users with funding based on contract sales and an accompanying commission. The only way one can access their money is by paying them, reducing the risk.

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Same-day approval

The approval process for commission advance is very fast. The documents required are simple and can be submitted easily. It should not take more than 24 hours for a well-established real estate company to process an application. The commission advance is then deposited into your bank account.

 

Simple applications

Real estate commissions advances are now being issued online as the new standard. The advance company usually has a quick application form providing clear, concise documents that can be faxed or emailed.

 

No maximum or minimum

The real estate company that you choose must not impose a maximum or minimum commission charge. Avoid those that quote any minimum fees too. When deciding, pay attention to the less obvious conditions that advance companies provide.

 

Advance several deals

Real estate agents are highly familiar with the deals that will need funding. However, a good number of these companies have a problem dealing with the number of outstanding advances at a given time. Well established real estate advance companies avoid imposing restrictions in this area. Approvals on commission advances do not depend on the amount, rather the conditions behind the deal concerned. All deals are treated and assessed separately.

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What commission can you expect on average?

Once you secure a real estate deal when buying or offloading property, you aim to ensure that you receive compensation for your prowess at negotiation. For those who are not big math fans, understanding the amount they are entitled to when receiving a commission on a given transaction can be taunting. To figure out the amount you will be entitled to when you make a sale, look at the agent and broker splits. Factor in the referral fee subtractions if any and it hardly exceeds 25 percent of the take-home commission. In every engagement, find out what your true worth is and maximize your potential.

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Benefits of hiring a virtual assistant

Becoming a real estate agent might be hard, considering a lot of sleepless night, prospecting and also working on the weekend, which can be quite annoying to certain people. But nowadays there’s a new trend of a virtual assistant for your business, and is it worth it compared to hiring a local office employee? Here we have listed several benefits of hiring a real estate virtual assistant, make sure you read this before you start your business.

Reducing your stress

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The most straightforward benefit of hiring a virtual assistant, they’re there to do most of your work. The list of tasks they have to do consist of managing social media, designing, outsource, generating reports, and much more. Hiring a virtual assistant will cost you some good dollars, but you’re reducing your workload which means less stress for you.

Tip: to make hiring a lot easier, create a standard or criteria for hiring your virtual assistant, for example, if you need someone that can manage your website, then make sure that programming or web design is a skill that is required.

No vacation, holiday, or sick pay to worry

A local office employee has some days where they’re off, such as holidays and vacations. But when you hire a virtual assistant, you’re not obliged to provide them any holiday or sick leaves, and the best part? No paying for any overtime fees, a virtual assistant is expected to manage their work efficiently with the time they have, since they can work anywhere and at any time (Which means you can also have weekend or evening assistance, something that a local office employee couldn’t provide.)

No taxes and administrative cost

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Since they work virtually for you, you don’t have to take care of their payroll taxes, which it became the VA’s responsibility of taking care their taxes. Another benefit of hiring a virtual assistant that you don’t have to spend unnecessary administrative costs like company’s outing and recreation.

Specialized skills

Some virtual assistants offer more than just managing your social media. For example, if you have to list your properties, your VA can help you by creating a CRM (customer relationship management) program for your clients. Or perhaps you need someone to manage or design your website? A web designer or a programmer virtual assistant might be the right one for you. The point is, make sure you hire a virtual assistant that fits your criteria and could handle the workload that you’re going to give to them.