Real Estate Loan

Find Today's Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate Find Today's Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators Choose Location Home Homes For Sale Apartments for Rent Home Loans Moving & Insurance Tools My Real Estate Real Estate > Home Loans Features Just starting out? First-Time Home Buyer's Guide to Mortgages For Current Homeowners: Refinance Center Home Equity Center More Tools & Resources: • Calculators • Step-by-Step Guide to Getting a Loan • What's My Home Worth? • Free Credit Report • Mortgage Glossary Mortgage News Homeowners Can Still Refinance at Low Rates Dec 29, 2005, Quicken Loans Despite Decline, Housing Still Strong Dec 28, 2005, Quicken Loans New Home Sales for 2006 Look Good Dec 23, 2005, Quicken Loans Home sales fall as weekly claims up Dec 29, 2005, Yahoo! Finance Home loan applications fall to over 3-1/2-yr low Dec 28, 2005, Yahoo! Finance New home sales tumble but consumers bright Dec 23, 2005, Yahoo! Finance more real estate news Visit our partners' sites National Mortgage Rates Provided by Bankrate.com Updated Wed Dec 28 Mtg Loan Today +/- Last Week 30-yr Fixed 5.7% 5.74% graph 15-yr Fixed 5.27% 5.34% graph 30-yr Jumbo 5.98% 6.03% graph 5/1 ARM 5.24% 5.29% graph 5/1 Jumbo ARM 5.42% 5.45% graph 5/1 ARM Interest Only 5.31% 5.36% graph 5/1 Jumbo ARM Interest Only 5.47% 5.5% graph Mortgage Rate Trends National 3-month trend for 30-yr Fixed Mortgages More in trends and analysis Find Local Interest Rates State: AL AK AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MS MO MT NE NH NJ NM NV NY NC ND OH OK OR PA PR RI SC SD TN TX UT VA VT WA WI WV Metro Region: Loan Product: 30-yr Fixed 15-yr Fixed 5/1 ARM 30-yr Jumbo 5/1 Jumbo ARM 5/1 Jumbo ARM (interest only) 5/1 ARM (interest only) Amount: $ Just starting out? Learn everything you need to know (but were afraid to ask) in the First-Time Home Buyer's Guide to Mortgages . Already own a home? Visit the Refinance Center and Home Equity Center to learn how to get the most out of your home. Get a Quote Loan Purpose: Purchase Refinance Home Equity Property Value: $ .00 Loan Amount: $ .00 State: AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY From From Loan Payment Calculator Calculate monthly payments for different loan amounts, interest rates and amortization terms. Loan Amount: $ Interest Rate: % Term (years): Show Table: NO YES See more calculators Sponsored Links Real Estate Mortgage Quotes Find low rates with ApplyCompareSave.com. Get matched up with up to five qualified lenders. Save money. applycomparesave.com Compare Mortgage Offers From Top Lenders Up to 4 free mortgage, refinance or home equity offers - 1 easy form. Competitive rates from top lenders. No obligation. Bad credit ok. www.leadsteps.com Shop for a Mortgage Loan with LoanWeb Shop hundreds of mortgage lenders and make them compete for your mortgage or home loan. Free online service. Affiliate. www.loanweb.com Real Estate Mortgages at Homestore.com Find information, articles and quotes for home loans in your area. We have the loan that's right for you. Complete our easy form and get free, competitive quotes. homestore.com (Become a Sponsor) Homes For Sale - Apartments For Rent - Current Mortgage Rates - Real Estate Agents - Local - Yellow Pages

House Rent

Expat Singapore - Houses In Singapore For Rent Search this site Searching for aroad or building? Basics Before Coming Culture Shock Expat Tips General Info Once You're Here Setting Up Singapore Dining Singapore Life Travel Resources Careers Expat Friends Links & Resources Message Board Schools & Childcare Products & Services All Car Rental Financial Services Legal Services Furniture & Decoration Fine Wines Housing International Movers Serviced Apartments Travel Professional Maid Services ExpatSingapore About Us Advertise With Us Archived Articles E-letters Email Us Events Photos Register Search our Site Bookmark Us: Hold down Control and press D Home Register Message Board Resources About us Houses In Singapore For Rent Click here to see Apartments for rent Click here to see Rooms for rent Relocation Services Click Here EXPAT HOUSING - Your Real Estate Contact If you are interested in advertising on our site, please Email us for rates and details. For a more up-to-date listing on houses available for rent, please go to the Message Board Setting Up home in Singapore? We can help you. As we are associated with the Expat Singapore website, we will ensure your interests are looked after, and that your housing needs are best met. Tell us when you are arriving, when you'd like to view or rent the property, your budget as well as what you'd like - house versus apartment, number of rooms, facilities, preferred location, etc - and leave the rest to us. Our associates, prequalified real estate agents, will be in touch with you directly once initial contact has been made. For monthly rentals above S$2500.00 on a two year lease or above S$5000 on a one year lease, there is no charge for services. Otherwise the agency fee payable by the tenant to the real estate agent is 2 weeks' rent. Special note : Several of our realtors have given us feedback that expats seeking housing go to different agents at the same time. We do not encourage this as this not only causes confusion but often upsets all parties concerned - the agents, landlords, and ultimately the tenants themselves. You may choose not to use any of our recommended agents, but if you do, kindly cooperate and be considerate to these service professionals. Thank you. For any queries and/or assistance with viewing of any of the properties, including many more not listed here, please contact us Telephone : 65 - 6226 6062 If you are interested in advertising on our site, please Email us for rates and details. ***** Holland Road houses for rent Nice and quiet neighbourhood. Off Holland Road and very close to Holland Village. 1. 2-storey semi-detached. Newly renovated. Land size 4,800 sqft; built-in 2,800 sqft. 4+1 bedrooms. Asking S$5,000. Immediate. 2. Single storey bungalow. Charming. A little old-world style. Huge garden. Land size about 8,600 sqft; built-in 2,500 sqft. 4+1. Asking S$8,000. Immediate. 3. Off Grange Road. Very convenient to Orchard Road. Modern 3-storey semi-detached. Land size 2,200 sqft; built-up 3,000 sqft. 4+1+1. Asking S$7,000.00. Immediate. Enquiries and viewing appointments : please call (+65) - 6226 6062 or Email us Bungalows near American school 3 Unit Bungalows with Swimming Pools For Rent in the American School vicinity - yes, walk to and from school! 1. 2 units Classic-Styled Bungalow dwellings. 2. 1 unit Modern design, brand new Bungalow. Location : Right by the American School. Description. a) Approximately 8,000 sqft plot; 8000 sqft built-up for the 2 units Classic designed bungalows, with in-ground swimming pool. b) Modern brand new unit is about 11,500 sqft plot, 5,700 sqft built-up, with in-ground pool. All houses well fitted out, fully air-conditioned, cabled. 3. Price : a) Classic designs : S$13,000 per month; b) Modern design : S$16,500 per month. 4. Availability : Immediately. Please Email us or call (+65) 6226 6062. House near American / Canadian school Location : Upper Bukit Timah, in quiet residential neighbourhood. Conveniently located near shopping mall, banks, food places and French School. Description : Plot Size 7000 sqft; Built-up 4400 sqft. 4+1 rooms, with huge garden (front and back). Newly and completely renovated, like new. Asking : S$6,000.00 pm, partially furnished. Availability : Immediately. Contact: Email us or call 65-6226 6062. East Coast semi-detached house Location : Siglap, East Coast. Very convenient to city centre. Close to amenities and beach. Description : Beautiful 2-storey semi-detached house with garden. 3+1 rooms, Plot size : 2800 sqft; Built-Up space : 4,000 sqft. (Lots of space!) Asking : S$5,000.00 pm negotiable. Availability : Immediately. Contact: Email us or call 65-6226 6062. Huge East Coast townhouse for rent Location : Brand new townhouse in East Coast, right by the Tanah Merah MRT (4 minutes from condo entrance!). Description : 4 levels, 4 bedroooms, 2800 sqft of space! 2 covered basement car-park lots. Partially furnished but property comes with many electrical appliances eg overhead projector with home entertainment system, huge television set. Asking : S$3,500.00 pm negotiable. Availability : Immediately. Contact: Email us or call 65-6226 6062. Conservation shophouse: home and office One of only 5,000 units in all of Singapore. Full of History; built during Singapore's early founding days. Houses for rent: conservation shophouse, Balinese-style terrace house 1. Emerald Hill 3-storey, fully restored shophouse with roof terrace and car porch. 4 + 1. Very rarely available. Built-in: 5,000 sqft Rent: Asking S$16,000 2. Makepeace Road Beautifully landscaped, Balinese design, corner terrace house. 3 + 1 + 1 with gazebo. Charming. Land: 3,300 sqft Built-in: 3,400 sqft Rent: Asking S$9,000 These properties are available immediately. Please email Email us or phone 62266062 for further information. ***** More houses for rent 1. Bukit Timah Nature Reserve a) 3-storey semi-detached house. 4 + 1, pool. Brand new. Land: 2,220 sqft Built-in: 3,000 sqft Rent: Asking S$10,000 b) 3-storey detached bungalow. 5 + 1, pool. Brand new. Land: 4,400 sqft Built-in: 5,150 sqft Rent: Asking S$15,000 2. Kheam Hock Road, off Bukit Timah 2.5-storey bungalow, 6 + 1, pool. Rent: Asking S$15,000 3. Thomson Road a) Huge bungalow, Windsor Park. 5 + 1, pool. Land: 25,000 sqft Built-in: 7,000 sqft Rent: Asking S$28,000 b) Semi-detached, Springleaf Garden. 4 + 1. Land: 3,600 sqft Built-in: 2,800 sqft Rent: Asking S$4,500 These properties are available immediately. Please email Email us or phone 62266062 for further information. ***** Bungalows, semi-detached and terrace houses for rent 1. Gallop Road - bungalow Land: 15,000 sqft Built-in: 5,000 sqft 4 + 3, pool, beautiful garden. Rent: Asking S$15,000 2. Leedon Park - bungalow Land: 20,000 sqft Built-in: 11,000 sqft 6 + 2, pool, huge mature garden. Rent: Asking S$30,000 3. Andrew Road - bungalows (2 units) Land: 17,000 / 13,000 sqft Built-in: 5,000 sqft Both houses come with outhouse, patio and garden. Rent: Asking S$15,000 / S$11,000 4. American School vicinity, walk to school! a) Bungalows for rent with pool, 5 + 1. Land: 11,000 sqft Built-in: 5,000 sqft Rent: Asking S$13,000 b) Terrace houses for rent, 4 + 1. Land: 2,000 - 3,200 sqft Built-in: 3,000 - 3,700 sqft Rent: Asking S$5,500 - S$7,000 5. Sunset Drive (off Holland Village / Bukit Timah) Land: 6,750 sqft Built-in: 5,600 sqft 4 + 1, with pool. Rent: Asking S$11,000 6. Bukit Timah (2 units) a) Semi-detached house, brand new. 4 +1. Land: 4,400 sqft Built-in: 3,500 sqft Rent: Asking S$7,500 b) Bungalow, 4 + 3. Land: 10,000 sqft Built-in: 5,500 sqft Rent: Asking S$11,000 These properties are available immediately. Please email Email us or phone 62266062 for further information. ***** West Coast bungalow for rent Description: 11,500 sqft bungalow on hilltop. 4 + 1 bedrooms plus 3 bathrooms, swimming pool (regularly maintained) and patio. Fully furnished. Location: Pasir Panjang, West Coast Availability: Immediate Rent: Asking S$5,500 Contact: 62266062 or Email us ***** Bungalow House for Rent Almost new, beautiful 3-storey bungalow house, 6+1 rooms with built-in wardrobes, 4 bathrooms, high ceiling living hall (7m), 2 jacuzzi bathtubs. Big masterbedroom. Approx. 5000 sq.ft with aboveground pool. Located in bungalow zone, 50m away from quiet playground, walking distance to East Coast Park, 400m from Kembangan MRT. Price : Asking $11K, partially furnished. Available now. Contact : email us or 62266 062 ***** House for rent at Woodgrove View, Century Woods, next to American school Location: Woodgrove View, Century Woods. 1 minute walk to American school. Large American Community. MRT station and Supermarket within walking distance. Price: S$5,500 Size: 3,200 sq ft built-in, small garden in the front yard. 5 airy bedrooms plus family room with high ceiling. Features: 3 Storey Corner Terrace House. Brand new, fully aircon and partially furnished. Quality finish. Availability: Immediate. Contact: Email us or at (+65) 6226 6062. ***** The Best of Century Woods Phase 2 Location : Woodgrove Walk (adjacent to Singapore American School). Just 1 minute walk to American School. Large and friendly American community. Price : S$7,500 per month. Size: 5 bedrooms plus 1 maid's room plus extra family room. Built in spacious 3,400 sq ft. Features: Brand new 3-storey corner terrace. High ceiling with unique alcove design (not standard feature to all units). Fully air-conditioned. Beautiful garden. Autogate. Morning sun. Partially furnished. Availability: Immediate Contact: Tel: 6226 6062 or email: email us ***** House for rent at Woodgrove View at Century Woods Location: Woodgrove View, Century Woods. Next to American School in Woodlands. Large American Community. Price : S$7.000 Size: Cosy 5 bedrooms plus family room and courtyard. Built in 3,200 sq ft. Features: Intermediate 3 Storey Terrace House. Brand new, fully aircon and partially furnished. Availability : Immediate. Contact: 6226 6062 or email Email us ***** House for rent: a life of luxury awaits you Location : Brandt New 4 Storey Cluster House with full condo facilities and 24 hours security, located 5 mins away from Tanah Merah MRT station, 10 mins to Bugis Junction & City Hall where the Central Business District offers the most cosmopolitan lifestyle. Ideal for nature lovers as is only 5 min drive to East Coast Beach where the famous "Lagoon Seafood Centre" is located. Description : Fully Furnished with five designer bedrooms with full panel of wardrobes, IDD line, SCV, night table with lamps. Master bedroom & living facing swimming pool & greenery. One large living/dinning area & one basement family hall. 2 patios, and 1 large veranda, 1 utility room, 1 store room & washer. See Photos Size : 3,000 sq ft. Price : S$ 4,000.00 per month Available : Immediate Contact : 6226 6062 or email at Email us ***** The following houses were advertised here and rented. They have been placed here so readers know what kind of accommodation Singapore offers. ***** House for rent at Holland Grove Location : Holland Grove vicinity single storey semi-detached, 10 minute walk to Henry Park Primary School and Jelita Cold Storage. Quiet residential area Price : S$5,000 per month. Size: Land 4,069 sq. ft. Built in approx. 2,300 sq ft. Features: Car porch, large living and dining, study, kitchen, 3 bedrooms. Fully air-conditioned. Autogate. Mature garden. Partially furnished. See Photos Availability: Taken Contact: 6226 6062 or Email us ***** House for rent off Grange Road Location : Jalan Kelawar (off One Tree Hill), 3 min from Orchard Road. Description : 3 bedroom, 2 story house, front garden with 2 fish ponds, outhouse, BBQ. Price : S$6800 per month negociable. Availability : Taken Contact : 6226 6062 or email at Email us ***** Semi-Detached House at Siglap Description : Modern and well constructed house in the East Coast for rent. Clean lines, functionally laid out, bright and spacious. There are 5 + 1 + 1 rooms. Fully equipped kitchen with all the appliances to make it your home. Location : Off Siglap Road. 10 minutes by car to CBD Price : S$5,500.00 per month Size : Approx 3,600 sq ft land ; 4,200 sq ft built-in. Availability : Taken ***** House For Rent at Garlick Avenue Location : Bukit Timah vicinity, double storey bungalow house with swimming pool in one of Singapore's finest residential areas. Quiet neighbourhood. 10 mins drive to Orchard Road. Land area : 10,475 sq ft Built-in : 3,853 sq ft Rooms: 4 rooms with attached bathroom Features : High celing, fully air-conditioned. Well kept garden. Partially furnished. See Photos Price : $ 8,000 per month, negotiable. Availability : Taken ***** House for rent at East Coast Location : East Coast vicinity, 3 storey S/Detached, 5 mins to airport, 15 mins to city centre, Quiet neighbourhood. Price : S$5500 per month, negotiable depending what is needed. Size : Built-in 3111 ft2. Features : Large living & dining, Very large master bedroom + 4 bedrooms + 1 maid's room, 6 toilets, Fully air-con, Full kitchen, Car porch, Autogates, Alarm system, Wardrobes Available : Taken ***** 29 Kelulut Hill Location : 29 Kelulut Hill, Off Seletar Hills Type : 2-Storey Intermediate Terrace House Price : S$3,500 /pm (negotiable) with partial furnishings Size : Land: 1,884 sqft / Built-in: 2,151 sqft Features : 4 Bedrooms + 4 En-Suite Bathrooms; Maid's room; Brand New; Autogate; cul-de-sac. Quiet residential area; yet walking distance to shops and amenities. Photos available Availability : Taken No 36, Jalan Merah Saga Location : No 36, Jalan Merah Saga Singapore 278111 Type : 2 storey semi-detached house Price : S$15,000 /pm (negotiable) with partial furnishings Size : Land: 3770 sqft / Built-In: 2500 sqft Features : 5 Bedrooms + 3 Bathrooms + Huge Dining Room Photos available Availability : Taken 31 Nim Green Location: 31 Nim Green, Off Seletar Hills Type : 2-Storey Semi-Detached Price : S$3,500 /pm (negotiable) with partial furnishings Size : Land: 4500 sqft / Built-in: 3520 sqft Features : 3 Bedrooms + 3 Bathrooms + 1 Store-room Photos available Availability : Taken House Also For Sale At S$2.5 million 75 Neram Road Location: 75 Neram Road, Off Seletar Hills, (Near American School) Type : Brand New 2 1/2 Storey Detached Bungalow Price : S$15,000 /pm (negotiable) with partial furnishings Size : Land: 6000 sqft / Built-in: 5500 sqft Features : 6 Bedrooms + 5 Bathrooms + 1 Study-Room + 1 Store-Room + Huge Attic Photos + Floor Plan available Availability : Taken Back to Products and Services About Us | Advertise With Us | Email Us | Missing Links | Register | Search General Info | Getting Here | Starting Up | Once You're Here | Enjoying Singapore | Eating in Singapore | Message Board | FAQs | Products & Services | Links ExpatSingapore Jurong West Post Office P.O. 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HOME LOAN? The two

Veteran Home Loans from the VA Mortgage Center 800-405-6682 Contact Why a VA Loan? Pre-Qualify VA Loan SHOULD I GET A VETERAN HOME LOAN? The two main reasons for using your eligibility to obtain a VA home loan are because it can save you a great deal of money and it is much easier for you to qualify for one of these loans at a low rate. Pre-qualify now for a VA Loan A VA Home Loan can save you money by giving you an excellent rate, with no monthly mortgage insurance. And since it is easier to qualify for a VA military loan as compared to a conventional mortgage, individuals with poor credit are given a large advantage by using their eligibility for a VA Loan. BENEFITS OF VETERAN HOME LOANS There is zero down payment required when purchasing a home. If you have bad credit, you are likely to get a much lower rate with a VA loan compared to a conventional loan (and if you have been improving your credit history for the past year, you may be able to get the same low interest rates that are available to those with good credit. Even with a Loan-to-Value of 100%, there is no monthly Mortgage Insurance required for a VA home loan. The VA mortgage loan is guaranteed with no money down for any loan up to $359,650. VA mortgage loans are often assumable. VA has released a hybrid ARM product. Veterans now have a choice of a Fixed rate or an Adjustable rate VA mortgage. Individuals with poor credit are more likely to qualify for a loan and, most of the time, you will see significant savings as a result of a lower rate on your loan (the VA also offers extra benefits for disabled veterans). Find out how much you can save with a VA Loan. ARE THERE ANY FEES FOR A VA MORTGAGE LOAN? There is a Funding Fee required by the Department of Veteran Affairs that varies between 0-3.3% of the amount of the military loan depending on your current Veteran Status. The funding fee is added into the total loan amount, so the borrower is not required to pay this out of pocket. To determine the exact funding fee, see the funding fee chart . Benefits for disabled veterans dictate that if you are 10% or more disabled due to active military service, you will not be required to pay a funding fee. Those which are required to have a funding fee may lower their fee by putting money down on their VA home purchase. WHAT YOU WILL NEED TO GET A VA LOAN You will need a certificate of eligibility to qualify. Whether you are a first time user or you have used your eligibility in the past, you must have your certificate. A certificate can be mailed directly to you if you fill out this short form . If you have your Certificate of Eligibility, you can Pre-qualify for a VA home purchase VA LOAN SPECIALIST If you have questions or if you want to determine if a Veteran Home Loan is actually the best financial decision for you, you may get advice from a VA mortgage specialist online or call 800-405-6682 . Read more about the Veterans Benefit Act of 2004 . "This was our first home purchase, but Nathan and the other folks at VA Mortgage Center helped eliminate any concerns we had from day one. They answered all our questions, and qualified us for a home that fit perfectly within our budget. Thank you for helping us take a step towards achieving our financial goals!" Jesse Jacobs- E-2- Private First Class MCB Camp Lejeune- North Carolina Read More Testimonials about VA Mortgage Center VA Loan Information VA Loan FAQs VA Loan VA Loan Qualification Home Purchase VA Refinance Cash-Out Refinance Contact Us Privacy Policy The VA Mortgage Center is a private lender specializing in Veteran Home loans , we are NOT affiliated with any government agency. We originate loans in most states . But in order for us to best serve our customers, the VA Mortgage Center may share customer information with trusted affiliates. We aim to provide you with the best financial advice possible as well as help you determine how you can get the best rates on your loan.

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

land loan submission checklist

Land Loan Financing Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity. land financing programs > land loan submission checklist Land Loan Submission Checklist Typical documents to be submitted to obtain a Letter of Interest/Loan Quote with amount, terms and conditions: 1. Executive Summary or Outline describing the Project: Land Loan Executive Summary 2. Borrower's Resumes: Include experiences in the area of land development 3. Financial Information: Personal financial statement for the borrower(s) and/or guarantor(s) Proposed budget for the development List of construction cost estimates 4. Sources and Uses of the loan proceeds 5. Color Photos and Aerial Photo 6. Salient Exhibits: Market survey and demographic information Site plan and location maps Competitive property analysis Phase I environmental report Copy of the latest appraisal Engineering report Purchase contract, if an acquisition Title Report Land Entitlement Checklist Development Loan Checklist Rate and terms are subject to change without notice home | loan programs | GCG news | interest rates | mortgage financing tools | apartment loan | income property loan programs land development loan | land financing checklist | real estate equity & capital structures | mortgage purchases | credit tenant loans hard money loans | about us | contact us | apply online | linkresources | subscribe to financingnewsletter Other programs include: non-recourse loan | apartment mortgage loan | joint venture real estate commercial equity loan | commercial rehab loan | structured financing | shopping center loan Need to discuss a transaction? Please contact an Account Executive . © 2006 Grace Capital Group, Inc., Irvine, CA. Please read our Website Legal Disclaimer . Grace Capital Group is licensed by the California Department of Real Estate. Site design by Specialized MarketingAgency