Real estate brokers are

Real Estate Agents & Brokers Career Prospects in Virginia Real Estate Agents and Brokers Home | Find another career | Find career statistics Suggestions & corrections Printer friendly page What do they do? Real estate agents sell property for owners. Specializations : Residential property, commercial property Preferred education : Complete an approved real estate marketing program in high school (with Career & Technical Education), community college, or trade school; associate's or bachelor's degree is an advantage Certification & licensing : State license required Getting ahead : Selling more & higher-valued property brings more commissions & more property to sell Skills & knowledge : Selling, negotiating, & bargaining; working well with clients; knowledge of local area Where they work : Visiting houses & properties to be sold Job outlook : Good in the long run, but probably becoming more competitive as the housing boom of the last decade slows down Look for work : Link to job banks and other job search resources Earnings : Usually in the $16-110,000 range Links : Find more information about this career Become An Agent & Get Rich Quick? Think Again Interviews with real people See a video WHAT DO THEY DO? It's the "American Dream"-- buying a house somewhere to call one's own. And the people who assist in that dream, making a fair profit at the same time, are real estate agents. When people want to buy a house, some land, or a commercial property, they usually contact a real estate agent or broker who collects listings of all the houses, properties and parcels of land for sale in a particular city or neighborhood. The agent sorts through the listings and selects the properties that seem to fit a buyer's price range and needs. The agent then shows the property to the buyer, along with any others that seem to fit the bill. When clients have questions--for instance, how old is the roof and is the property in a flood zone--agents track down the answers. They draw up contracts between buyers and sellers, and help smooth along the whole process by acting as a "go-between" between buyer and seller. Money enters the picture when the agent actually makes a sale. Agents charge both buyers and sellers for their services. Many also offer services like renting and managing property owned by others, also for a fee. Real estate brokers are the people who own and manage real estate agencies. Real estate agents are usually independent sales workers who provide their services to a licensed broker on a contract basis. In return, the broker pays the agent a portion of the commission earned from the agent’s sale of the property. (Agents are also sometimes called realtors if they belong to the National Association of Realtors). Despite all the excitement and money in real estate in recent years, selling real estate is not an easy line of work. Agents must stay on top of changes in the market by constantly touring homes that have just been listed. They work nights and weekends and have to be on call for clients who want to see them at odd times. They spend many weekend afternoons sitting at "open houses" and must be aggressive and good at drumming up new clients. In very competitive markets they must perfect the art of cold-calling or canvassing for new business. Va Association of Realtors Most importantly, real estates agents must be expert negotiators since they must manage delicate price negotiations when an interested buyer and seller hook up. The agent also coordinates the "closing" when a property is sold, that is, the actual signing of papers and transfer of a property's title. Once the property is sold, the agent who sold it and the agent who first got the listing both receive a portion of the commission. Agents who sell a property they also listed can increase their commission. Real estate agents and brokers need to know a lot about the communities in which they work. They need to know about the local real estate market and about local services, particularly the schools. They also need to be familiar with local zoning and tax laws, and know where to get financing. A broker's knowledge, resourcefulness, and creativity in arranging mortgages often means the difference between success and failure in closing a sale. Above all, the successful real estate agent has to be able to sense what clients really want in a property, be good at selecting properties that clients will like, and at helping clients be realistic about what they can afford. This type of job, in short, calls for a business-minded "people" person who really knows the lay of the land, so to speak. Specific tasks include: Finding properties to sell Estimates property will sell for to set the opening price Meeting with prospective buyers Helping buyers find property that they like Knowing the physical condition, features, and special characteristics of properties Preparing purchase agreements Referring clients to lawyers and tax consultants Working with lenders, home inspectors and others until the sale is completed to the client's satisfaction Commercial Investment Real Estate Real Estate Professional Realty Times The right job for you? Learn more with an informational interview with a local employer . The wrong job for you? Take an interest test & find a better one . SOME AREAS OF SPECIALIZATION Most real estate agents and brokers 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. EDUCATION, CERTIFICATION, & LICENSING In Virginia, as in every other state, real estate brokers and agents need a license. Prospective agents need to be at least 18 years old, and pass a written exam. The exam--more comprehensive for brokers than for agents--includes questions on basic real estate transactions and laws affecting the sale of property. In Virginia, agents have to complete 60 hours of real estate classes at an approved school and pass the state and national portions of the salespersons exam. Brokers must complete 180 hours of education, pass the state and national portions of the broker exam, and submit proof that they worked as a salesperson during 36 of the preceding 48 months before applying for a license. A college degree is helpful in certain areas like commercial real estate, but it is not required. Real estate licenses must be renewed every two years. To qualify for renewal, agents and brokers need to complete 8 hours of approved continuing education. In addition to licensure and continuing education requirements, real estate agents and brokers in Virginia cannot be guilty of violating the fair housing laws of any jurisdiction, nor convicted anywhere for a misdemeanor involving moral turpitude, sexual offense, drug distribution, physical injury, or any felony. Real estate agents and brokers can also study to earn their GRI a nationally recognized professional designation that stands for Graduate, REALTOR® Institute. Studying to be a real estate agent in Virginia: Are you in high school? Learn more about Career and Technical Education . Find out about CTE courses in Real Estate Marketing. Students who complete this course are eligible to take the Virginia real estate licensing exam. Planning to go to college? Find real estate programs at community colleges . Read " How do I become a realtor " from the Virginia Association of Realtors. Find out more about getting a license and other issues from the Virginia Association of Realtors. Find more information on licensure and a list of schools and colleges approved to offer the required courses for brokers and agents from the Virginia Department of Professional and Occupational Regulation. Read about GED , High School , Community College , Financial Aid , & more in The World of Education Va public schools • Your School Division • HS Graduation Requirements • Career Readiness Certificates GETTING AHEAD Real estate agents advance as they learn more about the business, become more efficient, and as a result increase their earnings by selling more property. They may also earn larger commissions by moving to agencies that list more expensive properties. In large agencies, experienced agents can advance to sales manager or general manager. Experienced real estate agents who go on to get a broker’s 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. Bright ideas for getting ahead in any job SKILLS, ABILITIES, & PERSONAL CHARACTERISTICS Communicating clearly Working well with customers or clients Working in a highly competitive environment Attention to detail Listening carefully to what someone else is saying Keeping track of numerous responsibilities at once Dealing with people under stress Being consistently pleasant and polite Building and maintaining good public relations Selling, negotiating, and bargaining Thorough knowledge of local area Inspiring trust and confidence Keeping abreast of economic conditions and trends In addition to career-specific skills, everybody needs these basic skills: Reading Math Writing Speaking & listening Computer literacy Problem-solving & decision-making Understanding the broader picture Working with people A strong work ethic A positive attitude Independence & initiative Self-presentation WHERE THEY WORK ( Employer locator ) Real estate brokers and agents spend much of their time away from their desks, showing properties to customers, analyzing properties for sale, or meeting with clients. Increasingly, real estate agents work from home because now they can get so much of the information they need over the Internet. OUTLOOK Real estate brokers and agents enjoyed boom times during the last decade, as demand for housing soared. However, the future will not be quite so bright if interest rates rise and sales slow. In fact, some experts fear that the recent housing boom is expanding into a bubble that will soon burst leading to a fall in house prices and a slowdown in sales. Even if the real estate market holds up, opportunities for agents and brokers are expected to grow more slowly than average through 2012. People who want to buy houses can now do a lot of their own searching on the Internet, and this will probably reduce the need for agents and brokers. However, jobs prospects in this field also tend to vary by region and since many people are expected to retire from this field in coming years, there will always be work available. The economy in: Your area • Virginia • The nation Employment projections Monster Employment Index Manpower Employment Outlook LOOK FOR WORK See job ads at Virginia's Job Bank • More job banks • Find local employers Learn job search skills—from reading job ads to preparing for the interview EARNINGS See what people usually earn Most real estate agents in Virginia earn somewhere in the $16-73,000 range. Brokers usually earn more, in the $20-110,000 range. Incomes in this occupation vary widely because agents work on commission. They are paid a percentage of each sale they make, so their incomes depend on the price and the number of properties they sell. The average commission is about 5-7 percent of a property's selling price. This commission rate varies from firm to firm, and commissions are often split between broker and agent on a 50-50 basis. Commissions can also be split between the agent and broker of the listing firm and the agent and broker of the firm that made the sale. Learn more about earnings at Salary.com , Payscale.com , Career Info Net , & other sites FOR MORE INFORMATION Virginia Association of Realtors 10231 Telegraph Road Glen Allen, VA 23059 www.varealtor.com Virginia Department of Professional and Occupational Regulation Real Estate Board 3600 W Broad St Richmond, VA 23230 www.state.va.us/dpor/reb_main.htm National Association of Realtors 4301 North Michigan Ave Chicago, IL 60611 www.realtor.com/ National Association of Real Estate Brokers, Inc. 1629 K St NW, Suite 1100 Washington DC 20006 www.nareb.com/ About.com's Real Estate professional's page Realty Times realtytimes.com/ WetFeet.com, Career Profiles and Interviews Career Overview www.wetfeet.com/asp/careerprofiles_overview.asp?careerpk=33 Industry Overview www.wetfeet.com/asp/industryprofiles_overview.asp?industrypk=27 Real People Profiles www.wetfeet.com/research/rpp/rppbycareer.asp?careerpk=33&careerName=Real+Estate This page was last edited on: November 18, 2005

Real Estate Investment

RISMedia - Residential Real Estate's Largest Independent News & Information Service - Immediate access to industry news,top real estate professionals,and the nation's most respected product and service firms real estate referral,real estate training,real estate education,real estate news articles information consulting expertise real estate professionals reference resources industry worldwide database national regional state real estate referral,real estate training,real estate education,real estate news articles information consulting expertise real estate professionals articles information consulting expertise real estate professionals reference resources industry worldwide database national regional state real estate referral,real estate training,real estate education,real estate news reference resources industry worldwide database national regional state real estate referral,real estate training,real estate education,real estate news Today's News Products/Services Article Search Events Feedback Login Real Estate Magazine Realtors/Services Power Broker Report Real Estate Leadership Power Broker Event Realestate Magazine Feedback Daily News Feedback Advertising Opportunities Feedback Other Feedback Today's Real Estate News Get our free News Feed Existing-Home Sales Trend Lower in November Sales eased 1.7% to a seasonally adjusted annual rate of 6.97 million units in November from a pace of 7.09 million in October More. Inverted Yield Curve Influences Mortgage Rates Fixed mortgage rates fell slightly this week, as long-term interest rates declined following a large decrease in new home sales More. NAR Provides Access to Updated Study of Emerging Legal Issues in Real Estate Study tracks historical data regarding more than 90 different legal liability issues faced by real estate professionals More. Pitching Property in the Blogosphere Real estate blogs rising in popularity at a time when the Internet is becoming more important in home-buying process More. Todays HOME Spun Wisdom New Years resolution: Adopting a healthy diet More. November Illinois Home Sales Nearly Even with Last Year Median Price at $202,000 Total home sales down less than 200 from the prior year More. 2005 California Housing Market Eclipses Previous Records Sales of detached, existing single-family homes are expected to reach 635,000 this year More. Housing Costs Up in Western Massachusetts Prices outside of the city are up much faster this year than in the Boston area More. NAR PULSE: NAR Welcomes Federal Guidelines on Specialty Mortgages The NATIONAL ASSOCIATION OF REALTORS on Dec. 20 welcomed proposed guidelines from the federal financial regulatory agencies on specialty mortgage products that allow consumers to defer repayment of the home mortgage principal and interest. More. NAR PULSE: Terrorism Insurance Readied for President The U.S. House and Senate have reached agreement on extension of federal terrorism re-insurance for an additional two years, setting the stage for signing by President George W. Bush. The legislation increases the point at which federal backstop assistance kicks in from $5 million this year to $50 million in 2006 and $100 million in 2007, and creates the President's Working Group on Financial Markets (which includes the Treasury secretary and the Chairs of the Fed and SEC). NAR supported extension to ensure the availability and affordability of terrorism coverage, vital to the financing of commercial properties. More. NAR PULSE: New Resort Certification to Serve Growing Second-Home and Resort Market To better serve the growing second-home and resort real estate sector, a new certification for REALTORS called the Resort and Second-Home Property Specialist (RSPS) will be offered by the NATIONAL ASSOCIATION OF REALTORS. The new certification program was announced at the 2005 NAR Conference & Expo in San Francisco last October. More. Sedgwick CMS Holdings Agrees to Acquisition by Fidelity National Financial FNF will acquire company for $635 million More. RE/MAX Moves to No. 8 in Entrepreneur Franchise 500 Study Company moves up in ranking More. W.C. & A.N. Miller to Help Build a Town Town of Haymount will be new venture for Miller More. Millionaires Bank on Orange County, Calif., Homes At a time when half of all county homes sell for more than $600,000, one out of six crosses into seven-figure territory More. Todays HOME Spun Wisdom Looking for a good quote to add to your New Years toast? Here are some thoughts on ringing in the New Year from some of historys most notable quotable. More. Online Marketing: New Years Resolutions for Your Web Site Commentary by Israel Rothman More. Sharp Increase in Average Time Needed to Sell a Home: Survey 75% of respondents say homes in U.S. now taking more than 30 days to sell, up from 39% in second quarter; new sales data suggests more balanced market emerging More. Floridas Lake Worth Favors Industrial Park over Building Affordable Townhomes Leaders want seven-acre mobile home park to become part of growing industrial area More. Top Mistakes of Home Buyers and Sellers in 2005 Mistakes made in 2005 may help those looking to buy or sell in 2006 More. Home Buyers Put Faith in Concrete Recent hurricanes, higher energy costs cause for more concrete structures More. California Median Home Cost Up 16.2% But sales are down 11.2% compared with last year More. Training & Business Development: Final Four Days for $125,000 Deadline for Real Estate Apprentice is approaching fast More. Todays HOME Spun Wisdom For 2006, make one resolution as a couple. Here are some guidelines. More. State Home Sales Slide For the first time in 47 months, the median price of a home in two Santa Barbara County, California markets declined from its prior annual level More. Wells Fargo Home Mortgage, Author Launch the Great American Homeowner Challenge New Year's Eve Times Square 2006 celebration to kick-off campaign to inspire long-term financial success through homeownership More. List of Real Estate Training Courses for Real Estate Designations Updated Prominent real estate designations and certifications that are managed by an equally long list of real estate associations, institutes, councils and societies are now available for review in one spot More. MLSSoftware.com, RealBird Partner to Provide Map-Based Searching Services MLSSoftware to resell a branded version of RealBirds service to its clients More. Training & Business Development: The Magnificent 12 Four more industry leaders now in official judges lineup for Real Estate Apprentice More. Training & Business Development: Profiles in CourageThe Entrepreneur Agent The short cut to fearlessness More. Training & Business Development: Becoming 100% Invested in the Present Making the customer feel as though they are the only one is key More. Real Estate Continues as Prime Investment for 2006 Second consecutive year that industry has been one of the top investment choices in the survey More. Action Against Fraud Urged Jury calls for new $2 deed-filing fee to fund a new real-estate fraud prosecution unit More. Houston Home Sales Near Record Single-family home sales increased by 8.7% to 4,735 in November, up from last year's 4,357 More. Number of Homes for Sale Hits Nine-Year High in Orlando However, existing-home sales through November remained on pace to set a 13th consecutive annual record More. Todays HOME Spun Wisdom Hosting a New Years party? Here are some resolutions to think about to help you enjoy your own bash. More. Nations Strong Housing Market Seen Simmering Down in 2006 Economists: production will ease back next year to 2004s historically healthy levels More. Bankrate: Mortgage Rates in a Holiday Holding Pattern Average 30-year fixed rate mortgage dipped from 6.34 percent to 6.33 percent More. Most Homeowners Oppose Proposal to Replace Home Mortgage Interest Deduction Presidents tax reform panel would eliminate other consumer deductions More. ABN AMRO Mortgage Ranks Highest Among Primary Mortgage Lenders Highly satisfied customers refer their loan originator to others more than twice as often More. Todays HOME Spun Wisdom Regifting and exchanging 101some tips on the dos and donts of regifting More. Builders Take Steps to Curb Homes Sales Backlog of units becoming a problem for some companies More. Foreclosure.com Adds Content That Helps Subscribers Make Smart Property Decisions State-specific Foreclosure Laws and How to Buy Foreclosures offer helpful tips More. Weichert, Realtors Expands with Four New Franchises in New York and Massachusetts Company now has 31 opened affiliated offices and 11 company-owned offices in New York More. Prudential California Realty Launches Architectural Collection Division 15-year architecture and design expert to spearhead new division More. NAR PULSE: Historically Strong Home Sales Expected in 2006 The housing market for 2005 is headed for a fifth consecutive annual record, and sales activity in 2006 is expected to be the second best year in history. For more information, click here . More. NAR PULSE: NAR Launches RESPA Compliance Tools as Part of Awareness Campaign The NATIONAL ASSOCIATION OF REALTORS has launched four new tools to help real estate professionals better understand and comply with the requirements of the Real Estate Settlement Procedures Act (RESPA) as part of NARs RESPA Awareness Campaign. For more information, click here . More. NAR PULSE: New Resort Certification to Serve Growing Second-Home and Resort Market To better serve the growing second-home and resort real estate sector, a new certification for REALTORS called the Resort and Second-Home Property Specialist (RSPS) will be offered by the NATIONAL ASSOCIATION OF REALTORS. The new certification program was announced at the 2005 NAR Conference & Expo in San Francisco last October. For more information, click here . More. Wealthy Americans Remain Confident Home Values Will Increase PNC survey finds fewer than one in 10 expect decline in value of their primary homes More. Housing Market Strengthens in November Record year for single-family home construction expected More. -- Current Issue Previous Issue Past Issues Reprints Realtor Solutions CURRENT ISSUE April, 2005 Past Issues -- Daily News Email Submit your email address to receive a daily news email from rismedia.com SITE SPONSORS Today's Profile Barbara Reynolds A Smooth Transition Poll Has your market become a buyer's market? Yes No Don't know Results Polls

Sell House

10 Steps to Take Before You Sell Your House - Home Selling  You are here: About > Home & Garden > Home Buying / Selling > How To Sell a House > 10 Steps to Take Before You Sell Your House - Home Selling Home & Garden Home Buying / Selling Essentials 10 Things Home Buyers Shouldn't Do Best Tips for First Time Home Buyers "Must-Do" Tasks Before You Sell How to Buy a Home, Step by Step For Sale by Owner Advice Articles & Resources How To Buy a Home How To Sell a House Celebrity & Historic Credit Reports & Scores Design & Remodel Home Maintenance Inspections & Appraisals Investing & Foreclosures Modular & Manufactured Mold, Radon, Lead, etc. Mortgage Advice Moving & Relocation Real Estate Careers Real Estate For Sale Vacation Homes Buyer's Guide Before You Buy Top Picks Home Buying Books Foreclosure Books Mortgage Books Product Reviews Forums Help FREE Newsletter Sign Up Now for the Home Buying / Selling newsletter! See Online Courses   Search Home Buying / Selling Stay up to date! Email to a friend Print this page More Home Selling Articles Understanding Material Facts and Property Disclosures Get Ready for Your Home Inspection Should You Buy a Home Warranty? More Home Selling Resources How to Read the HUD-1 Settlement Statement Getting the House Ready to Sell How To Measure Your Square Footage Recent Discussions Excellent credit, no savings- help!! Buying an out of state home ? Re-financing... Related Blogs Mortgage Fraud Blog The Real Estate Blog The Money Pit Most Popular Modular and Manufactured Homes Finding Your Best Place to ... Home Buying Don'ts First Time Home Buyer Tips Before You Sell Your Home What's Hot Coping with Unethical People How To Buy Land Real Estate Appraisal Before You Buy a Log Home Package Home Buying / Selling - GuideReviews Related Topics Home Repair Architecture Credit / Debt Management Housekeeping Landscaping 10 Important Steps to Take Before You Sell Your House From Janet Wickell , Your Guide to Home Buying / Selling . FREE Newsletter. Sign Up Now! Essential Home Selling Preparations The home selling process differs from state to state, but there are some important steps that most home sellers should take before listing a house with an agent or selling it for sale by owner. Every bit of prep work you do helps you get the most return from your investment. 1. Get Pre-Approved for a Home Loan I've known sellers who signed a contract to sell their house before they knew if they were qualified to buy another. Either their financial circumstances had changed since their last purchase, and they could no longer qualify for a loan, or they weren't able to sell at a price that allowed them to buy the type of replacement house they wanted. They ended up renting or buying something that was far from ideal. Before you decide to sell the house, get pre-approved by a lender you trust and research the housing market in the area where you wish to live so that you have a good idea how much it will take to buy a replacement. Start looking for two types of real estate: houses that seem to match the one you'd like to buy and houses that are similar to your current home. How do the two categories compare in price? Can you handle the difference if you're planning a step up? Mortgage Helpers: Are You Pre-Approved for a Mortgage? And to compare for-sale homes to your own, learn how to Measure Residential Square Footage . 2. Check Your Mortgage Payoff Call your lender to check the payoff for your current home mortgage. You'll need the figure to complete Step 6. 3. Determine How Much Your House Is Worth Determine your home's fair market value. Real estate agents will usually help you determine value as a courtesy, but you might take it a step further and order an appraisal . 4. Estimate Your Costs to Sell Real estate commission if you use an agency to sell. Advertising costs, signs, other fees if you plan to sell by owner. Attorney, closing agent and other professional fees. Excise tax for the sale. Prorated costs for your share of annual expenses, such as property taxes, home owner association fees, and fuel tank rentals. Any other fees typically paid by the seller in your area (surveys, inspections, etc.). Real estate agents deal with transactions every day and can give you a very close estimate of seller closing costs. 5. Estimate Costs to Buy a New Home Calculate moving expenses, loan costs, downpayment, home inspections, title work and title policy, paying for a new hazard insurance policy--all expenses related to buying a home. Your lender should give you a disclosure of estimated costs when you apply for loan pre-approval. 6. Calculate Your Estimated Proceeds Deduct your mortgage payoff from your home's fair market value. Deduct your costs to sell from the remainder to get an estimate of the proceeds you will be paid at closing. Will your closing proceeds cover your costs to buy a new home? If not, do you have cash or other funding to make up the difference? 7. Make Necessary Repairs Make all needed repairs unless you want the house to be regarded as a fixer-upper. I'm not referring to cosmetic updates--just items in need of repair. Anything that's obviously broken gives potential buyers a reason to offer you a lower price, especially if it's one of several repair hot spots that worry buyers the most. 8. Get the House Ready to Show Most houses need at least a little spiffing up before they are shown to potential buyers. Great curb appeal , fresh paint indoors (and sometimes out), organized closets and cabinets, sparkling clean windows and appliances and a clutter-free look are essential if you want the house to appeal to buyers. Be sure to avoid the things buyers hate most about houses. 9. Get Psyched Up to Let People In If you're listing with a real estate agent, she'll ask you to leave when the house is shown. Why? Because lurking sellers make buyers nervous--they don't feel comfortable inspecting the house when they feel they are intruding in your personal space. Unless there's a valid reason for it, don't ask your agent to be present for all showings, because that requirement can be the kiss of death for showing activity. Other agents want privacy with their buyers and they don't usually have time to work around your agent's schedule. Make the house accessible. That means it should always be ready to show. Many agents won't bother showing a house that takes 24 hours to get into. 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Investment Property Calculator An

Investment Property Calculator http://www.dinkytown.net -- Financial Calculators http://www.dinkytown.net -- Investment Property Calculator An investment property can be an excellent investment. This calculator is designed to examine the potential return you might receive from an investment property. Investment Property Calculator Property Address PROPERTY_ADDRESS Property Information PROPERTY_INFO Financing Information Purchase Price PURCHASE_PRICE Cash Invested CASH_INVESTED Loan #1 Amount LOAN_1_AMOUNT    Interest Rate INTEREST_RATE_1    Monthly PI LOAN_1_PI    Term in Months TERM_IN_MONTHS1 Loan #2 Amount LOAN_2_AMOUNT    Interest Rate INTEREST_RATE_2    Monthly PI LOAN_2_PI    Term in Months TERM_IN_MONTHS2 Property & Depreciation Information Land Value LAND_VALUE Personal Property PERSONAL_PROPERTY Building Value BUILDING_VALUE Personal property depreciation PERSONAL_PROPERTY_DEPRECIATION at PERSONAL_PROPERTY_DEPR_RATE depreciation Building depreciation BUILDING_DEPRECIATION at BUILDING_DEPR_RATE depreciation Total Depreciation TOTAL_DEPRECIATION Gross Operating Income Annual Rent ANNUAL_RENT Less Vacancy LESS_VACANCY Gross Operating Income GROSS_OPERATING_INCOME Annual Expenses Real Estate Taxes REAL_ESTATE_TAXES Utilities UTILITIES Insurance INSURANCE Maintenance/Repairs MAINTENANCE_REPAIRS Advertising ADVERTISING Admin/Legal ADMIN_LEGAL Supplies SUPPLIES Miscellaneous MISC Total operating expense TOTAL_OPERATING_EXPENSE Operating expense ratio OPERATING_EXPENSE_RATIO Tax and Appreciation Rates Tax bracket TAX_BRACKET Appreciation rate APPRECIATION_RATE Cash Before Taxes Gross Operating Income GROSS_OPERATING_INCOME Operating expense - TOTAL_OPERATING_EXPENSE Net Operating Income = NET_OPERATING_INCOME Annual Debt Service - ANNUAL_DEBT_SERVICE Cash Flow Before Tax = CASH_FLOW_BEFORE_TAX Cash After Taxes Net Operating Income NET_OPERATING_INCOME Total Interest - TOTAL_INTEREST Total Depreciation - TOTAL_DEPRECIATION Taxable Income = TAXABLE_INCOME Tax Paid or Saved TAX_PAID_OR_SAVED Cash flow after tax CASH_FLOW_AFTER_TAX Rates of return Total appreciation TOTAL_APPRECIATION Return on Investment with appreciation RETURN_ON_INVESTMENT_WITH_APPRECIATION Return on Investment without appreciation RETURN_ON_INVESTMENT_WITHOUT_APPRECIATION Cap Rate CAP_RATE Cash on Cash CASH_ON_CASH Schedule **REPEATING GROUP** Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. " This Financial Calculator requires a Browser with Java(TM) applet Support. If you are seeing this message you will need to download SUN's Java(TM) Plug-in. This can be done simply, and automatically, by clicking the link below: Get the Java(TM) Plug-in! Definitions Cash Invested The money, you the investor, actually have to put down on the property. (out of pocket). Usually it is the amount of earnest money you invest in property. Interest Rate The amount of interest the investor pays annually to borrow money from the lender. Rates and programs can vary, check with lender for more information. Land Value The approximate value of the land that the property sits on. Usually available on the tax records in the county the property resides. You can not deprecate land value. Personal Property Anything that you have that is used for the investment property, such as washer/dryer, range, refrigerator lawn equipment, fixtures and other. Personal Property Depreciation Rate The rate annually you can depreciate on the personal property. Building Value Depreciation Rate Recovery period for five-year personal property. Year Percentage 1 20% 3 14.20% 5 11.52% 2 32% 4 11.52% 6 5.76% Appreciation The amount the property is on an annual basis appreciation occurs on entire value of the property Loan P & I P=principle, I=interest Total Depreciation Total amount you can depreciate annually on personal property and building value. Gross Operating Income The amount of income available after vacancy. Total Annual Operating Expense The total annual expenses including real estate tax, repairs, management fees, insurance, utilities, supplies, and other miscellaneous expenses. Operating Expense Ratio It's the percentage amount- based on the income 23 - 30% is considered average. Net Operating Expenses Total annual amount of expenses. Cash Flow Before Tax What's left after expenses, principle payment and interest. Annual Debt Service Your payment to lender including principal and interest. Equal Principle Reduction The amount left annually as you pay down the principle and interest. Return on Investment w/appreciation Cash flow before tax + principle reduction + taxes saved/paid + appreciation divided by cash invested. Includes appreciation. Return on Investment w/ out Appreciation Does include same formula above except appreciation. Cap Rate AKA= Net operating income divided by price, capitalization rate, rate of return- Anything in Double Digits is Fantastic! Cash on Cash Cash flow before tax % cash invested. Investment Appreciation Annual Percentage of increase of appreciation of property. Total Return The total analyzation of returns of the property. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

property listings. Whether it's

Century 21 Real Estate: home buying, home selling, financing and property listings. español Put My Century 21 to work for you, simply register your email address and create a password. Once you're registered, you'll be able to • save property descriptions • store your search criteria • file agent information • build a custom library Find out more or register now! Already registered? Sign in . -- Welcome to Century 21 Real Estate Century 21 Real Estate is your online resource for home buying, home selling, financing and property listings. Whether it's a house, condo, or any other type of property, we can assist you with your real estate needs. Search for Properties Looking to buy a new home, condo or any other property? Search thousands of properties in our real estate listings. Search Property Listings » First Time Homebuyers Guide » View Our Buyer Service Pledge » International Century 21 Real Estate LLC is part of the largest real estate referral network in the world - with over 110,000 brokers and sales associates in over 30 countries and territories. Access our world offices today» Sell a Property Let our real estate agents create a customized marketing plan to sell your property. List your Property » View Our Seller Service Pledge » View Mortgage Rates View current mortgage rates, apply for a home equity loan, crunch numbers with home mortgage calculators and more! Apply for a Mortgage Now» Use Our Mortgage Calculators » Find an Office or Agent Find and contact a CENTURY 21 Office or Agent to handle your real estate needs. Find an Office or Agent » Quick Vote! Your vote counts! Let us Know Where do you spend the most time? Bedroom Living Room Kitchen Bathroom Dining Room ©2005 Century 21 Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each CENTURY 21 Office Is Independently Owned And Operated. All rights reserved. Information appearing on this site has been produced by or obtained primarily from Century 21 Real Estate LLC and its representatives and from CENTURY 21 franchisees. Century 21 Real Estate LLC is not responsible for the accuracy or completeness of the broker information, sales associate information, listing information or other information provided by our franchisees appearing on or through this site. Such information has been provided by independent third parties who are solely responsible for such content. Certain conditions and restrictions apply to System promotions. Terms and Conditions of Use.