Real Estate Management, 15th
IREM Home MEMBER LOGIN SEARCH FIND A CPM ® / ARM ® / AMO ® FIND / POST A JOB FIND MY CHAPTER New IREM Course Line-Up for 2006 Featuring many enhancements, updates and additions, IREM’s 2006 education offerings are more relevant to your professional development than ever before. Explore our 2006 course offerings and register for a course – or encourage your employees to enroll in IREM education. View the 2006 course schedule and register today! IREM Foundation Grant Application The IREM Foundation has released a grant application to provide financial assistance for individuals and families affected by Hurricane Katrina. Download the application . Subhead of feature two. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Mauris fringilla. Ut mattis fringilla turpis. Sed felis risus, faucibus vel, eleifend vitae, porttitor vitae, magna. Aenean a nisl id ante cursus blandit. Proin et justo. Etiam eget erat id quam eleifend tempor. Fusce laoreet eleifend justo. -- JOURNAL OF PROPERTY MANAGEMENT The Institute's award-winning publication. MEMBER SERVICES Online tools and services for IREM members. MEDIA CENTER IREM information for journalists. IREM FOUNDATION Enhances the industry through career development and community service initiatives. ETHICS Codes, compliance, enforcement, complaints. JOIN IREM Become an Associate Member Breaking Legislative News On December 22, President Bush signed the Terrorism Risk Insurance Extension Act of 2005 into law, extending the federal insurance backstop program for two years. Learn more. Principles of Real Estate Management, 15th Edition Updated and expanded, the 15th edition continues to provide comprehensive coverage of all property types. Order now! Get Real. Get Ready. IREM has many resources available for college students. To learn more about IREM and real estate management careers, visit GetRealGetReady.com . IREM.org | Join IREM | Education | Conferences | Public Policy | IREM Store | IREMFIRST | Member Services | JPM About IREM | Chapters | Chapter Services | IREM Foundation | Media Center | Site Map | Contact | © 2005 Institute of Real Estate Management. All rights reserved. IREM ® , the IREM logo, Certified Property Manager ® , CPM ® , the CPM key logo, Accredited Residential Manager ® , ARM ® , the ARM torch logo, Accredited Management Organization ® , AMO ® , the AMO circle logo, Income/Expense Analysis ® , Expense Analysis ® and JPM ® are registered marks of the Institute of Real Estate Management. In principle and practice, the Institute of Real Estate Management values and seeks a diverse membership. There are no barriers to full participation in the organization on the basis of gender, race, creed, age, sexual orientation, national origin, or disability. Moreover, the Institute of Real Estate Management encourages equal opportunity practices among its members. Privacy Policy Privacy Policy | Terms of Use --
real estate prices in
Towards Liberty International Society for Individual Liberty > Don't Get Stuck Paying "Zombie" Debt – Towards Liberty – A commentary on current events by Jarret Wollstein The Coming Real Estate Collapse – 05-24-05 – As real estate prices in much of the U.S. continues to soar, evidence is growing that both commercial and residential real estate is greatly over-priced in many of the country's hottest markets – including New York City, Boston, Washington, D.C., Miami, and much of California. One clear indication that real estate is overpriced is that rents are now a fraction of mortgage payments, and are continuing to fall in terms of real dollars. For instance, Forbes reports that cash return on income-producing real estate has fallen from 9% a few years ago, to just 5% to 7% now, and is likely to go lower. You can clearly see why rents are falling in overheated markets like California's Silicon Valley. In the San Francisco-San Jos corridor, there is currently over 33 million square feet of un-rented (and in many cases never occupied) commercial space. Last year, just 65 thousand square feet of this enormous inventory was rented. At that rate, it will take over 507 years to rent all unoccupied commercial real estate in Silicon Valley. Since most investors can't wait over half a millennium for returns on their capital, what's more likely is that commercial real estate prices in this "hot market" will soon fall like a rock. Another indication that real estate is poised for a fall, that fewer and fewer people can afford today's astronomically-priced houses. For instance, in California – where ordinary 2,000 square foot, 3-bedroom homes are going for $500,000 to $2,000,000+ – less than one family in six now qualifies to repurchase their own house. Another indications that real estate is ready for a fall: Of 362 U.S. metropolitan areas, about 15% are experiencing a housing "boom" – a three-year, inflation adjusted price gain of 30% or more – according to the Federal Deposit Insurance Corporation. That's the highest number of boom markets ever recorded in the 30 years that they have been tracked. In Americas hottest real estate markets – including the big cities in New York, Florida and California – housing prices went up by 15% to 35% in the past year alone. This is clearly unsustainable. No matter how low interest rates are and no matter how many schemes George Bush comes up with for an "ownership society," it's clear that we are rapidly reaching the point when hardly anyone can afford to buy a new house in a hot real estate market, without putting their financial future in jeopardy. So what's propping up the real estate bubble, and causing housing prices to go ever-higher, even as rents fall and commercial landlords face enormous vacancy rates? Besides artificially low interest rates, the answer, in a word, is speculation. Up to one residence in three in California is now purchased not to live in, but for resale, according to the San Francisco Chronicle . The comparable figure may be as high as one property in two in the Las Vegas area. In downtown Miami, 80% of approximately 35,000 new condos now under construction or just completed, are owned by investors – not people who actually plan on living in them – according to MoneyNews.com. Call it the triumph of delusion over reality. I can't tell you how many people have told me that real estate price "can't fall, because if they did, they would be bankrupt." In other words, because they want prices to stay up, they must stay up. If you believe that, there is a nice three-bedroom fixer-upper on a dirt lot, and on the edge of an eroding cliff, in Pacifica, California, I'd like to sell you for just $2.5 million. Buy this bargain now, before the price really goes up! (This is a real example.) In the current frenzied real market, self-delusion is rampant. In Florida's red-hot real estate market, one Miami realtor recently told the New York Times , "South Florida is working off a totally new economic model than any of us have ever experienced in the past." That's precisely what executives of dot coms told investors to justify their astronomical stock prices, just before the collapse – which triggered the destruction of over $3 trillion in stock value. Unfortunately, for many overextended home owners, property prices aren't immune to the laws of economics. Property prices can and do fall in America, as witnessed by the bear markets of 1974-75, 1980-82 and 1990-92. A personal example: One Northern California home owner I know bought his 2,000 sq. ft. house for $750,000 in 1989. In 1992, he was couldn't get $450,000 for his property, and was forced to declare bankruptcy after he lost his job. Millions of overextended American families with "interest only" and adjustable rate mortgages will likely find themselves in the same boat, when mortgage interest rates edge up above 7% or 8% – which is likely by the end of this year. (Fed Chairman Alan Greenspan has warned that we can expect at least a 2.25% increase in interest rates in 2005, on top of the 2% increase in 2004.) The brutal financial reality is that a mere 2% rise in mortgage rates, can increase ARM payments by as much as 40% – an unsustainable burden for families living on the edge. One way or another, at best , the U.S. real estate bubble has 1 to 2 more years to run before it collapses. If you or your children are among those living in overpriced homes you can barely afford, NOW is the time to sell, when the market is at or near its peak, and before prices drop by 30% or more – and they find themselves living in a Motel 6 or in your basement. To minimize taxes on the profits, reinvest in a home in a small town or rural area where prices arent so absurd, and bank the rest. Please stay in touch! Add yourself to our e-mail list. Two times per month we send an update on the activities of our members and new features at ISIL.org. Simply enter your e-mail address here and click the button. You can easily remove yourself (unsubscribe) at any time. E-mail us at isil@isil.org if you have any personal questions or comments. E-mail address: Subscribe Unsubscribe
Real Estate Investing Online.
Pre-foreclosure homes a remarkable Investment opportunity in real estate. SW018 Get Your 7 Day free Trial Here Access bank pre-foreclosures Free for 7 days for Florida and N.Y. counties! Access bank foreclosures and government foreclosed properties. Outside of Florida and New York. Free for 7 days! Info About Our Online Tax Lien & Deed Course Seminar Info Our clients/users have instantaneous access to information regarding pre-foreclosure properties. They receive information on pre-foreclosed properties (Lis Pendens) that can make them a lot of money in a very short period of time. They capitalize on property that someone else is losing while helping them save their credit rating. They receive information on pre-foreclosure properties before they are sold at an auction to the highest bidder for Cash. They have access to pre-foreclosure property information such as Plaintiff, Defendant, Complaint, Amount financed, and much more . Anyone can capitalize on one of the best investment opportunities in the market, and in the world, Real Estate . Get Your 7 Day free Trial Here What is REIO? Hello, welcome to Real Estate Investing Online. "REIO" is an Internet based service that provides information regarding pre-foreclosure properties. Are you looking for the information to capitalize upon a premium investment opportunity in foreclosure homes? Are you looking to buy a new home, has commission, closing cost, and down payment changed that consideration ? If so, "REIO" can help! 1st Stage Of Foreclosures: we provide lis pendens for Florida and New York. You can contact the the property owners and buy or reinstate the mortgage. 2nd Stage in Foreclosure Sheriff Sales: We provide a sheriff sales list for Florida and New York. The Property owners are more motivated to sell three weeks prior to auction. 3rd Stage in Foreclosure Bank Reo’s or Foreclosed properties: Owned by the banks. The banks usually list the properties with a Realtor. Example of foreclosed properties are HUD homes, which are government owned homes. Pre-foreclosure homes : a remarkable Investment opportunity To illustrate the benefits of using this service, consider the story of that fictitious man named John Doe. John, like many others, had the misfortune of losing his job and having been late on his mortgage. Fortunately, you can benefit from John's misfortune while helping him at the same time. For instance, suppose Mr. Doe owes $50,000 on his mortgage and his home is currently appraised at $100,000. You could buy the home from Mr. Doe for $75,000 , have him pay for some of the down payment and closing costs, and sell the home for $100,000 without having to pay capital gains tax (considering you buy a house for equal or greater value within 2 years) . Another way that the both of you can benefit is by Quit Claiming the property into your name and taking over the payments of the current debt. Clearly you and Mr. Doe are in a better position as a result of this transaction. Mr. Doe is not only relieved of his debt, he is also financially better off. You are not only financially better off: you also help another person like Mr. Doe. Although this transaction has great benefits it also has some costs. Arranging this transaction can take much time and effort. This is where REIO can help you. We provide our members with all the information necessary to put together a transaction like the one illustrated above. If you are someone who is frustrated with their current job or are looking for the opportunity of a lifetime we can also help. all you need to do is contact us at Support@foreclosure-homes.com Therefore, start using REIO and let us help you start investing toward a better future. Home Evaluation Request Mortgage Calulator New Ocean View Pre-Forclosure Available Now! Get Your Free Insurance Quote From Get Your 7 Day free Trial Here click here for database help Become A User!
Real Estate Brokerage Relationships:
DOL - Real Estate Brokers License Real Estate Brokers License Requirements of Licensure: 18 years of age or older. High school diploma or equivalent. Minimum of two years of full-time experience as asalesperson in Washington or in another jurisdiction having comparablerequirements. 120 clock hours of instruction in real estate including: --30 clock hours real estate law, --30 clock hours brokerage management, --30 clock hours business management, and a --30 clock hour approved elective course. Successful passage of examination. Application for license. Please note: The experience and clock hours must be completed within five years prior to application for examination. Fees: Examination Fee ------ $138.25 Original License Fee - $210.00 Renewal Fee (2 yr.) ----$210.00 Continuing Education Requirement: 30 clock hours for renewal every two years including the core curriculum. A list of approved real estate courses are available in the real estate course catalog Forms: You can download the forms listed below to your own desktop or work-station. Application for Real EstateSalesperson/Associate Broker/Branch Manager Application for Real EstateIndividual Broker License (Sole Proprietorship) Application for Limited LiabilityCompany or Limited Liability Partnership Application for Real EstatePartnership License Application for Real EstateCorporation License Application for Real EstateBranch Office Licensure Application for Broker AddressChange/Branch Office Address Change BrokerClosing Office Affidavit WaiverProcedures for Broker Examination Applicants Using AlternateExperience/Qualifications Real Estate Examination, Licensing and Renewal Section: Business Location: Department of Licensing Real Estate Licensing Section 2000 4th Avenue West Olympia, WA Mailing Address: Department of Licensing Real Estate Licensing Section PO Box 9015 Olympia, WA 98507-9015 Telephone Number: (360) 664-6500 or (360) 664-6488 Fax Number: (360) 586-0998 Office Hours: 8 A.M. to 5 P.M. Pacific time, Monday through Friday. Return to Real Estate front page. Real Estate MainPage Washington Real EstateCommission ProfessionalLicensing Internet Query Fees FAQs Salespersons License Appraisers MainPage Washington Real EstateLicensing Law: RCW18.85 Real Estate Brokerage Relationships: RCW18.86 WAC308-124 General Provisions WAC308-124A Licensing & Exams WAC308-124B Brokers Office WAC308-124C Records WAC308-124D Operational Procedures WAC308-124E Trust Accounts WAC308-124H Education Telephone: Salesperson & Brokers Licensing Section: (360) 664-6488 or (360) 664-6500 Fax: (360) 586-0998 Education Section: (360) 664-6505 Fax: (360) 586-0998 Office Hours: 8:00 a.m. to 5:00 p.m. Fees Accepted: 8:30 a.m. to 4:30 p.m. Pacific Time Monday through Friday Write: Department of Licensing Real Estate Program PO Box 9015 Olympia, WA 98507-9015 Business Location: 2000 4th Avenue West, Olympia, WA 98502 E-Mail: RealEstate@dol.wa.gov
Real Estate Investing Online.
Pre-foreclosure homes a remarkable Investment opportunity in real estate. SW018 Get Your 7 Day free Trial Here Access bank pre-foreclosures Free for 7 days for Florida and N.Y. counties! Access bank foreclosures and government foreclosed properties. Outside of Florida and New York. Free for 7 days! Info About Our Online Tax Lien & Deed Course Seminar Info Our clients/users have instantaneous access to information regarding pre-foreclosure properties. They receive information on pre-foreclosed properties (Lis Pendens) that can make them a lot of money in a very short period of time. They capitalize on property that someone else is losing while helping them save their credit rating. They receive information on pre-foreclosure properties before they are sold at an auction to the highest bidder for Cash. They have access to pre-foreclosure property information such as Plaintiff, Defendant, Complaint, Amount financed, and much more . Anyone can capitalize on one of the best investment opportunities in the market, and in the world, Real Estate . Get Your 7 Day free Trial Here What is REIO? Hello, welcome to Real Estate Investing Online. "REIO" is an Internet based service that provides information regarding pre-foreclosure properties. Are you looking for the information to capitalize upon a premium investment opportunity in foreclosure homes? Are you looking to buy a new home, has commission, closing cost, and down payment changed that consideration ? If so, "REIO" can help! 1st Stage Of Foreclosures: we provide lis pendens for Florida and New York. You can contact the the property owners and buy or reinstate the mortgage. 2nd Stage in Foreclosure Sheriff Sales: We provide a sheriff sales list for Florida and New York. The Property owners are more motivated to sell three weeks prior to auction. 3rd Stage in Foreclosure Bank Reo’s or Foreclosed properties: Owned by the banks. The banks usually list the properties with a Realtor. Example of foreclosed properties are HUD homes, which are government owned homes. Pre-foreclosure homes : a remarkable Investment opportunity To illustrate the benefits of using this service, consider the story of that fictitious man named John Doe. John, like many others, had the misfortune of losing his job and having been late on his mortgage. Fortunately, you can benefit from John's misfortune while helping him at the same time. For instance, suppose Mr. Doe owes $50,000 on his mortgage and his home is currently appraised at $100,000. You could buy the home from Mr. Doe for $75,000 , have him pay for some of the down payment and closing costs, and sell the home for $100,000 without having to pay capital gains tax (considering you buy a house for equal or greater value within 2 years) . Another way that the both of you can benefit is by Quit Claiming the property into your name and taking over the payments of the current debt. Clearly you and Mr. Doe are in a better position as a result of this transaction. Mr. Doe is not only relieved of his debt, he is also financially better off. You are not only financially better off: you also help another person like Mr. Doe. Although this transaction has great benefits it also has some costs. Arranging this transaction can take much time and effort. This is where REIO can help you. We provide our members with all the information necessary to put together a transaction like the one illustrated above. If you are someone who is frustrated with their current job or are looking for the opportunity of a lifetime we can also help. all you need to do is contact us at Support@foreclosure-homes.com Therefore, start using REIO and let us help you start investing toward a better future. Home Evaluation Request Mortgage Calulator New Ocean View Pre-Forclosure Available Now! Get Your Free Insurance Quote From Get Your 7 Day free Trial Here click here for database help Become A User!