Real Estate Loan

Find Mortgage Calculators, Amortization Calculators, Refinance Loans and Home Equity Loans on Yahoo! Real Estate Find Mortgage Calculators, Amortization Calculators, Refinance Loans and Home Equity Loans Choose Location Home Homes For Sale Apartments for Rent Home Loans Moving & Insurance Tools My Real Estate Real Estate > Home Loans > Calculators Tools & Resources • Mortgage Payment Calculator • Affordability Calculator • Amortization Calculator • Rent vs. Own Calculator • Refinance Calculator • First-Time Buyer's Guide to Mortgages Next Steps: • Search Local Rates • Online Rate Quotes • Graph Interest Rates • Refinance Loans & Rates • Home Equity Loans & Rates Visit our partners' sites Mortgage Payment & Amortization Calculators Mortgage Payment Calculator Calculate your monthly or biweekly payments based on different loan amounts, interest rates, and amortization terms. Amortization Calculator Calculate the breakdown between principal and interest in payments on your mortgage. How Much House Can You Afford? Figure out the mortgage payment and home price you can afford based on your monthly income and expenses. Should You Refinance Your Mortgage? This calculator helps you assess the impact of refinancing your mortgage. Rent Vs. Own Determine the cost difference between renting and buying a home. Sponsored Links Refinance Your Mortgage and Save! Refinance your current mortgage at today's extremely low rates. Get quotes from lenders offering the lowest refinancing rates available. Links. networklender.com Refinance Calculator Omni One Mortgage is committed to building one relationship at a time. We can service any type of loan, stated income, no doc, fixed, interest only, less than perfect credit no problem. www.omnionemortgage.com Refinance Calculator Considering refinancing? Get free quotes from multiple lenders. Takes only 2 minutes. Refinance with or without a perfect Credit. Find great low rates today. c.azjmp.com Refinance Calculator at Homestore.com Calculate home loan payments and check out our free mortgage lender directory. We've got all the information you need to find the loan that's right for you. homestore.com (Become a Sponsor) Homes For Sale - Apartments For Rent - Current Mortgage Rates - Real Estate Agents - Local - Yellow Pages

purchase property, there are

Property Menu - Property Manual - Chapter 2 - Purchasing - Pre-purchasing Activites SITE NAVIGATION Thursday, December 29, 2005 MAJOR TOPICS HOME Research Admin. Offices Overview of ORA ORA Staff Directory Compliance Assistance Expenditure Website Funding Opportunities PTA Setup Stanford Rates Research Policy (RPH) Institutional Facts Service Centers Space Inventory Training AXESS Oracle Financials Reportmart 3 Additional Links Cardinal Curriculum HelpSU Inst. Compliance ORA Staff Site Stanford BenefitSU Stanford Policies Stanford University Stanford WebMail Stanford Who Stanford You Sundial Calendar ORA Suggestion Box Report A Broken Link Office of Research Administration Go Back Printer Friendly ORA Home / ORA Offices / Property Management / Manual / Ch-2 / Purchasing / Pre-purchasing Activites Prepurchasing Activities Virtually all capital asset purchases made by Stanford – federally funded in particular, are subject to prepurchase screening to avoid acquiring duplicative items. In addition, if sponsored funds are used to purchase property, there are other prepurchase considerations, such as approval to purchase. Specific requirements may be identified in each agreement. When using sponsored funds to make a purchase, it must successfully meet all four of the tests described below, per OMB Circular A21. Allowable: Allowable and unallowable costs are defined in A21 AND in the terms of specific awards – items must be budgeted and approved to be allowable. Allocable: Only those expenses that BENEFIT a project may be charged to that project Reasonable: Costs must reflect what a “prudent person” would pay Consistent: Costs must be handled consistently across the University by following Stanford policy Example Allocable Allowable Reasonable Researcher wishes to purchase lab supplies, budgeted and approved, for the project X X X Researcher wishes to purchase a $50,000 oscilloscope when a 3,000 model will work just as well for the project X X It would not be reasonable to spend $50,000 when $3,000 would suffice Researcher decides to purchase alcohol for a sponsored project party and charge it to the grant specifically supporting government research X Alcohol is NEVER allowable X Unallowable Methods of Purchase The only appropriate way to purchase property is through the iProcurement system. Use of Stanford PCards, personal funds or personal credit cards to purchase capital equipment or material for fabricated equipment is prohibited by Stanford policy . Navigation Links Parent Menu ORA Home ORA Offices Property Management Property Manual Chapter 2 Chapter 2 Purchasing Accounting for Property Purchases Pre-purchase Activities Screening Purchases to Upgrade Existing Equipment References & Resources Sensitive Items Chapter 3 Related Links Chapter 2 (PDF) Stanford University / Business Affairs / Office of Research Administration Stanford Who Directory - Campus Maps - Site Browser Requirements © 2005

Colorado Real Estate Connecticut

Colorado Real Estate Colorado Real Estate Alabama Real Estate Alaska Real Estate Arizona Real Estate Arkansas Real Estate California Real Estate Colorado Real Estate Connecticut Real Estate Delaware Real Estate Florida Real Estate Georgia Real Estate Hawaii Real Estate Idaho Real Estate Illinois Real Estate Indiana Real Estate Iowa Real Estate Kansas Real Estate Kentucky Real Estate Louisiana Real Estate Maine Real Estate Maryland Real Estate Massachusetts Real Estate Michigan Real Estate Minnesota Real Estate Mississippi Real Estate Missouri Real Estate Montana Real Estate Nebraska Real Estate Nevada Real Estate New Hampshire Real Estate New Jersey Real Estate New Mexico Real Estate New York Real Estate North Carolina Real Estate North Dakota Real Estate Ohio Real Estate Oklahoma Real Estate Oregon Real Estate Pennsylvania Real Estate Rhode Island Real Estate South Carolina Real Estate South Dakota Real Estate Tennessee Real Estate Texas Real Estate Utah Real Estate Vermont Real Estate Virginia Real Estate Washington Real Estate West Virginia Real Estate Wisconsin Real Estate Wyoming Real Estate Welcome to the Colorado section of Real Estate Guide USA. We have one of the largest listings of independentreal estate agents online. Our goal is to showcase the premier Colorado real estate agent websites online. Be sure to feel out multiple real estate agents when searching so that you cansee first hand which are most responsive to your needs. We are confident all of the agents listed with us will exceed your expectations. When you contact an agent please let them know that you found them through REGuideUSA.com. FREE Property Listings - Agents add your property listings for free at eHousingMarket! Buyers browse detailed property listings with no registration! Find A Colorado Real Estate Agent - Planning to Sell or Buy a Home? Compare REALTORS First. It's Fast, Free, and Anonymous! Keystone Colorado Resort Real Estate - Search all Summit County real estate including Keystone, Breckenridge, Dillon and Frisco Colorado. Homes, Condos and Land for sale. Helping Buyers and Sellers using latest technology. Colorado Real Estate Links - Colorado real estate new homes and home builder web sites. Nancy Gregory: Summit County Real Estate - Buy homes and condos in Summit County Colorado featuring Dillon, Keystone, Frisco, Breckenridge, Silverthorne and Copper Mountain properties Inthesprings.com - Christy Rauh - Colorado Springs Realtor, Specializing in the new homes, townhomes, and condos. Denver Homes Real Estate - Denver Colorado Real Estate: Search MLS Homes for Sale, Relocation/School Info and more. Buyer or Seller Realtor Representation. Golden, Genesee, Jefferson County Colorado Real Estate - Best, most informative site in the Denver West, Golden and mountain communtities of Lookout Mountain, Genesee, Evergreen. Search MLS, neighborhood information and links, relocation information, Search for homes by neighborhood. Must See!!! Metro Brokersales - Home sales and acreage property in North Metro Denver Colorado-Full MLS search available and you can save properties to your own personal folder Denver Lofts - Denver Lofts Real Estate Listings in the Denver Metropolitan Area Colorado Springs Real Estate - Black Forest Homes - El Paso County Real Estate - Real estate in Colorado Springs, Black Forest, Monument, Falcon, Peyton, Calhan, Fort Carson, and El Paso County. Search the MLS and find buyer seller tips! Colorado Springs Real Estate - Serving Colorado Springs and El Paso County. Help with military relocations. Colorado HomeFinder - Colorado Home Finder specializes in real estate throughout Colorado in Denver, Highlands Ranch, Boulder, Littleton, Aurora, Arvada, Lakewood, Englewood, Castle Rock, Golden, Thornton, Westminster, Parker, Lone Tree, Larkspur and other Colorado communities. The Gold Medal Team MLS Site - Comple MLS listings for Colorado Springs area homes, properties, rentals, town homes, and more Colorado Springs Real Estate - Monument Homes for Sale - El Paso County Relocation - Real Estate in Colorado Springs, Monument, Manitou Springs, Falcon, Fountain, Security, Woodland Park, Teller County, and El Paso County. Find buyer seller tips and free reports! Highlands Ranch Real Estate - Denver Homes - Arapahoe County Real Estate - Real estate in Highlands Ranch, Denver, Centennial, Littleton, Greenwood Village, Lone Tree, Englewood, Parker, and Arapahoe County. Search the Denver MLS and get free reports! Colorado Springs Real Estate, Deb Jones - Real Estate assistance in the Pikes Peak region. Specializing in Military Relocation and First Time Home Buyers. Aurora Real Estate - Denver Homes for Sale - Arapahoe County Real Estate - Real estate in Aurora, Denver, Englewood, Littleton, Highlands Ranch, Thornton, Northglenn, Westminster, and Arapahoe County. Check out our local partners and community links info! Hqhomes - Biggest Colorado home search. Free moving truck, free 1st months mortgage payment, only 1% listing fee for selling a home. Western Colorado Cedaredge Real Estate - Marsha Bryan - Marsha Bryan with RE/MAX Mountain West will help you with all of your Western Colorado retirement plans. Covering all of Delta, Montrose, and Mesa County. Call her 24/7 direct line at (970) 856-8800 to find out more right now or click to visit her website. Colorado Real Estate - Search for homes in the Superior, Colorado area including the Rock Creek subdivision. Free MLS access to search for new and resale homes. Get a cash rebate on any home purchase or sell with no listing commission. Sharon Been - Buying and Selling Real Estate along the 285 Corridor from Denver to Breckenridge. Specializing in Mountain Properties, Luxury Homes to Cabins, as well as resort properties and Denver Metro homes. Also, An expert in assisting homeowners with foreclosures and working with investors. Mortgage Calculator - This advanced mortgage calculator allows you to calculate your monthly mortgage and see what percentage of your monthly mortgage payment will go to interest and principal. A must for any active house seeker! Real Estate Topsites - Top Real Estate Sites! We showcase the world's best Real Estate, Property and Home related websites ranked according to their popularity! Top Colorado Real Estate Agents - TopAgents.biz is your one stop shop for finding qualified real estate agents in your area! We take the guesswork out of finding a realtor by listing the most popular realtors online. STARTPLANE: Colorado Real Estate - Colorado Real Estate Directory Add a Site about Colorado Real Esate

Selling Home

For Sale By Owner, homes for sale, houses, real estate, for sale - ForSaleByOwner.com Sell a Home Buy a Home Services Mortgages City Profiles Appraisals Service Directory Foreclosures Mortgages Service Providers Appraise Your Home Moving & Relocation Home Improvement Title Company Search Insurance Lawyers Virtual Tours Home Builders Real Estate Agents Research What is FSBO? City Profiles City Comparisons School Reports Crime Comparisons Salary Calculator Cost of Living Comp. Home Sale Prices Tools Free eBook DIY Software Mortgage Calculators Home Selling Guide Home Buying Guide Ad Writing Tips Real Estate Forms Home Buying Checklist Utilities Connections Your Credit Report Glossary Real Estate News Edit Your Ad Modify Your Ad Cancel Your Ad Upload Photos Help/FAQ BUYING A HOME? Search the largest real estate database of For Sale By Owner homes for sale! City State AL AK AB AZ AR BC CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MB MD MA MI MN MS MO MT NE NV NB NH NJ NM NY NF NC ND NT NS OH OK ON OR PA PE PR QC RI SK SC SD TN TX UT VT VA WA WV WI WY YT Int Zip Listing ID SELLING A HOME? "We sold two homes fsbo with your service (totaling nearly $500,000), which saved us $30,000 in commissions! We owe it to ForSaleByOwner.com - don't change a thing!" - The Chapmans, Virginia Home Selling Testimonials » For Sale By Website "When Chris Gaydos decided to sell his Baltimore home this summer, he didn't want a penny less than $263,000. After a real estate agent said $245,000 was the best he'd get, he bought a FSBO listing at ForSaleByOwner.com . A month later, he got the offer he wanted, and pocketed $7,000 by cutting out the middleman." Why use For Sale By Owner.com? For Sale By Owner makes selling a home on your own easy. We sell the most houses for sale by owner, proving our house selling strategies sell more homes than any site in home selling. Moreover, your home's selling price is determined by you, not a real estate broker who takes a 6% fee for selling your home. Proven Home Selling Record Since 1997, For Sale By Owner has helped sell thousands of houses, saving home owners billions of dollars in real estate commissions. ( click here for more details ) Unparalleled Exposure We are among the top-five most visited real estate sites in the world and the largest "For Sale By Owner" homes for sale site. ( For Sale By Owner.com statistics ) Easy to Use For Sale By Owner makes home selling a sellers dream. We provide the best customer service in the industry with 24/7 support and a comprehensive "Home Selling" guide for selling a home yourself. ( for a guide on selling your home click here ) Affordable Prices For Sale By Owner provides several packages to suit your individual needs. 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Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware DC Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Home Mortgages 30-year fixed: 5.25% 15-year fixed: 4.50% School Report Cards Get the facts on public schools before you make your move. 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Real estate agents usually

Real estate brokers and sales agents Skip Navigation Links Latest Numbers U.S. Department of Labor Bureau of Labor Statistics Occupational Outlook Handbook www.bls.gov Search the Handbook BLS Home | OOH Home | Frequently Asked Questions | A-Z Index | Contact Us Printer-friendly version ( HTML ) -- PDF ) -- Real Estate Brokers and Sales Agents Nature of the Work Working Conditions Training, Other Qualifications, and Advancement Employment Job Outlook Earnings Related Occupations Sources of Additional Information Significant Points Real estate brokers and sales agents often work evenings and weekends and usually are on call to suit the needs of clients. A license is required in every State and the District of Columbia. Although gaining a job may be relatively easy, beginning workers may face competition fromwell-established, more experienced agents and brokers in obtaining listings and in closing an adequate number of sales. Employment is sensitive to swings in the economy, especially interest rates; during periodsof declining economic activity and increasing interest rates, the volume of sales and the resultingdemand for sales workers fall. Nature of the Work [ About this section ] Back to Top One of the most complex and significant financial events in peoples lives is the purchase or sale of a home or investment property. Because of this complexity and significance, people typically seek the help of real estate brokers and sales agents when buying or selling real estate. Real estate brokers and sales agents have a thorough knowledge of the real estate market in their communities. They know which neighborhoods will best fit clients needs and budgets. They are familiar with local zoning and tax laws and know where to obtain financing. Agents and brokers also act as intermediaries in price negotiations between buyers and sellers. Real estate agents usually are independent sales workers who provide their services to a licensed real estate broker on a contract basis. In return, the broker pays the agent a portion of the commission earned from the agents sale of the property. Brokers are independent businesspeople who sell real estate owned by others; they also may rent or manage properties for a fee. When selling real estate, brokers arrange for title searches and for meetings between buyers and sellers during which the details of the transactions are agreed upon and the new owners take possession of the property. A broker may help to arrange favorable financing from a lender for the prospective buyer; often, this makes the difference between success and failure in closing a sale. In some cases, brokers and agents assume primary responsibility for closing sales; in others, lawyers or lenders do. Brokers supervise agents who may have many of the same job duties. Brokers also supervise their own offices, advertise properties, and handle other business matters. Some combine other types of work, such as selling insurance or practicing law, with their real estate business. Besides making sales, agents and brokers must have properties to sell. Consequently, they spend a significant amount of time obtaining listings—agreements by owners to place properties for sale with the firm. When listing a property for sale, agents and brokers compare the listed property with similar properties that recently sold, in order to determine a competitive market price for the property. Once the property is sold, both the agent who sold it and the agent who obtained the listing receive a portion of the commission. Thus, agents who sell a property that they themselves have listed can increase their commission. Most real estate brokers and sales agents sell residential property. A small number—usually employed in large or specialized firms—sell commercial, industrial, agricultural, or other types of real estate. Every specialty requires knowledge of that particular type of property and clientele. Selling or leasing business property requires an understanding of leasing practices, business trends, and the location of the property. Agents who sell or lease industrial properties must know about the regions transportation, utilities, and labor supply. Whatever the type of property, the agent or broker must know how to meet the clients particular requirements. Before showing residential properties to potential buyers, agents meet with them to get a feeling for the type of home the buyers would like. In this prequalifying phase, the agent determines how much the buyers can afford to spend. In addition, the agent and the buyer usually sign a loyalty contract which states that the agent will be the only one to show houses to buyers. An agent or broker then generates lists of properties for sale, their location and description, and available sources of financing. In some cases, agents and brokers use computers to give buyers a virtual tour of properties in which they are interested. With a computer, buyers can view interior and exterior images or floor plans without leaving the real estate office. Agents may meet several times with prospective buyers to discuss and visit available properties. Agents identify and emphasize the most pertinent selling points. To a young family looking for a house, they may emphasize the convenient floor plan, the areas low crime rate, and the proximity to schools and shopping centers. To a potential investor, they may point out the tax advantages of owning a rental property and the ease of finding a renter. If bargaining over price becomes necessary, agents must follow their clients instructions carefully and may have to present counteroffers in order to get the best possible price. Once both parties have signed the contract, the real estate broker or agent must make sure that all special terms of the contract are met before the closing date. For example, the agent must make sure that the mandated and agreed-upon inspections, including that of the home and termite and radon inspections, take place. Also, if the seller agrees to any repairs, the broker or agent must see that they are made. Increasingly, brokers and agents are handling environmental problems as well, by making sure that the properties they sell meet environmental regulations. For example, they may be responsible for dealing with lead paint on the walls. While loan officers, attorneys, or other persons handle many details, the agent must ensure that they are carried out. Working Conditions [ About this section ] Back to Top Advances in telecommunications and the ability to retrieve data about properties over the Internet allow many real estate brokers and sales agents to work out of their homes instead of real estate offices. Even with this convenience, much of the time of these workers is spent away from their desks—showing properties to customers, analyzing properties for sale, meeting with prospective clients, or researching the state of the market. Agents and brokers often work more than a standard 40-hour week. They usually work evenings and weekends and are always on call to suit the needs of clients. Although the hours are long and frequently irregular, most agents and brokers have the freedom to determine their own schedule. Consequently, they can arrange their work so that they can have time off when they want it. Business usually is slower during the winter season. Training, Other Qualifications, and Advancement [ About this section ] Back to Top In every State and the District of Columbia, real estate brokers and sales agents must be licensed. Prospective agents must be high school graduates, be at least 18 years old, and pass a written test. The examination—more comprehensive for brokers than for agents—includes questions on basic real estate transactions and laws affecting the sale of property. Most States require candidates for the general sales license to complete between 30 and 90 hours of classroom instruction. Those seeking a brokers license need between 60 and 90 hours of formal training and a specific amount of experience selling real estate, usually 1 to 3 years. Some States waive the experience requirements for the brokers license for applicants who have a bachelors degree in real estate. State licenses typically must be renewed every 1 or 2 years; usually, no examination needs to be taken. However, many States require continuing education for license renewals. Prospective agents and brokers should contact the real estate licensing commission of the State in which they wish to work in order to verify the exact licensing requirements. As real estate transactions have become more legally complex, many firms have turned to college graduates to fill positions. A large number of agents and brokers have some college training. College courses in real estate, finance, business administration, statistics, economics, law, and English are helpful. For those who intend to start their own company, business courses such as marketing and accounting are as significant as courses in real estate or finance. Personality traits are equally as important as ones academic background. Brokers look for applicants who possess a pleasant personality, are honest, and present a neat appearance. Maturity, good judgment, trustworthiness, and enthusiasm for the job are required in order to encourage prospective customers in this highly competitive field. Agents should be well organized, be detail oriented, and have a good memory for names, faces, and business particulars. Those interested in jobs as real estate agents often begin in their own communities. Their knowledge of local neighborhoods is a clear advantage. Under the direction of an experienced agent, beginners learn the practical aspects of the job, including the use of computers to locate or list available properties and identify sources of financing. Many firms offer formal training programs for both beginners and experienced agents. Larger firms usually offer more extensive programs than smaller firms. More than a thousand universities, colleges, and junior colleges offer courses in real estate. At some, a student can earn an associates or bachelors degree with a major in real estate; several offer advanced degrees. Many local real estate associations that are members of the National Association of Realtors sponsor courses covering the fundamentals and legal aspects of the field. Advanced courses in mortgage financing, property development and management, and other subjects also are available. Advancement opportunities for agents may take the form of higher rates of commission. As agents gain knowledge and expertise, they become more efficient in closing a greater number of transactions and increase their earnings. In many large firms, experienced agents can advance to sales manager or general manager. Persons who have received their brokers license may open their own offices. Others with experience and training in estimating property value may become real estate appraisers, and people familiar with operating and maintaining rental properties may become property managers. (See the Handbook statements on property, real estate, and community association managers ; and appraisers and assessors of real estate . ) Experienced agents and brokers with a thorough knowledge of business conditions and property values in their localities may enter mortgage financing or real estate investment counseling. Employment [ About this section ] Back to Top In 2004, real estate brokers and sales agents held about 460,000 jobs; real estate sales agents held approximately 24 percent of these jobs. Many worked part time, combining their real estate activities with other careers. About 6 out of 10 real estate agents and brokers were self-employed. Real estate is sold in all areas, but employment is concentrated in large urban areas and in rapidly growing communities. Most real estate firms are relatively small; indeed, some are one-person businesses. By contrast, some large real estate firms have several hundred agents operating out of numerous branch offices. Many brokers have franchise agreements with national or regional real estate organizations. Under this type of arrangement, the broker pays a fee in exchange for the privilege of using the more widely known name of the parent organization. Although franchised brokers often receive help in training sales staff and running their offices, they bear the ultimate responsibility for the success or failure of their firms. Real estate brokers and sales agents are older, on average, than most other workers. Historically, many homemakers and retired persons were attracted to real estate sales by the flexible and part-time work schedules characteristic of the field. These individuals could enter, leave, and later return to the occupation, depending on the strength of the real estate market, their family responsibilities, or other personal circumstances. Recently, however, the attractiveness of part-time real estate work has declined, as increasingly complex legal and technological requirements are raising startup costs associated with becoming an agent. Job Outlook [ About this section ] Back to Top Employment of real estate brokers and sales agents is expected to grow about as fast as average for all occupations through the year 2014, because of the increasing housing needs of a growing population, as well as the perception that real estate is a good investment. Relatively low interest rates should continue to stimulate sales of real estate, resulting in the need for more agents and brokers. In addition, a large number of job openings will arise each year from the need to replace workers who transfer to other occupations or leave the labor force. However, job growth will be somewhat limited by the increasing use of technology, which is improving the productivity of agents and brokers. For example, prospective customers often can perform their own searches for properties that meet their criteria by accessing real estate information on the Internet. The increasing use of technology is likely to be more detrimental to part-time or temporary real estate agents than to full-time agents, because part-time agents generally are not able to compete with full-time agents who have invested in new technology. Changing legal requirements, such as disclosure laws, also may dissuade some who are not serious about practicing full time from continuing to work part time. This occupation is relatively easy to enter and is attractive because of its flexible working conditions; the high interest in, and familiarity with, local real estate markets that entrants often have; and the potential for high earnings. Therefore, although gaining a job as a real estate agent or broker may be relatively easy, beginning agents and brokers may face competition from their well-established, more experienced counterparts in obtaining listings and in closing an adequate number of sales. Well-trained, ambitious people who enjoy selling—particularly those with extensive social and business connections in their communities—should have the best chance for success. Employment of real estate brokers and sales agents often is sensitive to swings in the economy, especially interest rates. During periods of declining economic activity and increasing interest rates, the volume of sales and the resulting demand for sales workers falls. As a result, the earnings of agents and brokers decline, and many work fewer hours or leave the occupation altogether. Earnings [ About this section ] Back to Top The median annual earnings of salaried real estate sales agents, including commissions, were $35,670 in May 2004.The middle 50 percent earned between $23,500 and $58,110 a year.The lowest 10 percent earned less than $17,600, and the highest 10 percent earned more than $92,770.Median hourly earnings in the industries employing the largest number of real estate sales agents in May 2004 were as follows: Residential building construction $54,770 Offices of real estate agents and brokers 37,970 Activities related to real estate 32,460 Lessors of real estate 25,840 Median annual earnings of salaried real estate brokers, including commission, were $58,720in May 2004. The middle 50 percent earned between $33,480 and $99,820 a year.Median annual earning of real estate brokers were $61,550 in offices of real estateagents and brokers and $44,920 in activities related to real estate. Commissions on sales are the main source of earnings of real estate agents and brokers.The rate of commission varies according to whatever the agent and broker agree on, the typeof property, and its value. The percentage paid on the sale of farm and commercialproperties or unimproved land is typically higher than the percentage paid for selling a home. Commissions may be divided among several agents and brokers. When the property issold, the broker or agent who obtained the listing usually shares the commission with thebroker or agent who made the sale and with the firm that employs each of them. Although anagents share varies greatly from one firm to another, often it is about half of the totalamount received by the firm. Agents who both list and sell a property maximize their commission. Income usually increases as an agent gains experience, but individual motivation,economic conditions, and the type and location of the property also affect earnings.Sales workers who are active in community organizations and in local real estate associationscan broaden their contacts and increase their earnings. A beginners earnings often areirregular, because a few weeks or even months may go by without a sale. Although some brokersallow an agent to draw against future earnings from a special account, the practice is notcommon with new employees. The beginner, therefore, should have enough money to live forabout 6 months or until commissions increase. Related Occupations [ About this section ] Back to Top Selling expensive items such as homes requires maturity, tact, and a sense of responsibility.Other sales workers who find these character traits important in their workinclude insurance sales agents ; retail salespersons ; sales representatives, wholesale and manufacturing ; and securities, commodities, and financial services sales agents .Although not involving sales, the work of property, real estate, and community association managers ,as well as appraisers and assessors of real estate, requires an understanding of real estate. Sources of Additional Information [ About this section ] Back to Top Disclaimer: Links to non-BLS Internet sites are provided for your convenience and do not constitute an endorsement. Information on licensing requirements for real estate brokers and sales agents is available from most local real estate organizations or from the State real estate commission or board. More information about opportunities in real estate is available on the Internet site of the following organization: National Association of Realtors. Internet: http://www.realtor.org OOH ONET Codes [ About this section ] Back to Top 41-9021.00, 41-9022.00 Suggested citation: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook , 2006-07 Edition , Real Estate Brokers and Sales Agents , on the Internet at http://www.bls.gov/oco/ ocos120.htm (visited December 29, 2005 ). Last Modified Date: December 20, 2005 Occupations: Management | Professional | Service | Sales | Administrative | Farming | Construction | Installation | Production | Transportation | Armed Forces Related Links: Tomorrow's Jobs | OOH Reprints | Important Info | How to Order a Copy | Teacher's Guide to OOH Additional Links: Career Guide to Industries | Career articles from the OOQ | Employment Projections | Publications Home | BLS Home Back to Top www.dol.gov Frequently Asked Questions | Freedom of Information Act | Customer Survey Privacy & Security Statement | Linking to Our Site | Accessibility U.S. Bureau of Labor Statistics Office of Occupational Statistics and Employment Projections Suite 2135 2 Massachusetts Avenue, NE Washington, DC 20212-0001 URL: http://www.bls.gov/OCO/ Phone: (202) 691-5700 Fax: (202) 691-5745 Do you have a question about the Occupational Outlook Handbook ? Technical (web) questions: webmaster@bls.gov Other comments: feedback@bls.gov Occupations: Management Professional Service Sales Administrative Farming Construction Installation Production Transportation Armed Forces Related Links: Tomorrow's Jobs OOH Reprints Important Info How to Order a Copy Teacher's Guide to OOH Additional Links: Career Guide to Industries Career articles from the OOQ Employment Projections Publications Home BLS Home