跟大家复习一下，EIDL 紧急灾难纾困金有两种： EIDL Advance (Grant) 不用還的紓困金最高$10,000, 現在的可能情況是，之前如果沒有拿足$10,000的申请人，第二轮可能可以拿到差额。也就是您之前拿 $1，000，現在可能可以拿$9，000的。现在众说纷纭还，没有确定。还有傳說，可能會高有$50,000。讀者可以關注iTraining Real Esate School 的Youtube或微信，我们会跟大家更新最新信息。 EIDL Loan 要還的低利貸款，3.75%, 30 年，这利息还是相对合理，对很多公司现金流是很大帮助的。超過25,000以上，SBA才會抵押在你的生意財產上。 而且EIDL 貸款， 沒有要求個人保證的。 SBA最新的訊息 第二輪EIDL紓困金: Target EIDL Advance符合條件如下： 居住在低收入社區, 如何能知道你居住的地方是否符合，可以下載 apps “skip” 輸入你的住址查看。 2020年3月2号到今年（2021年）12月3 1号任何八週，收入跌超过三成30%。 和第一轮相同的前提， 必须在2020年1月31号以前，有营运的生意，生意可能是公司，也可能是個體戶，沒有成立公司的個人小生意也可以的。 怎么申请呢？哈哈！ 今天的SBA官網： Applicants do not need to take any action at this time. SBA will reach out to those who qualify. 其实你什么也還不能做，如果你在去年（2020年）12月27号以前申请过，你可能就已經符合資格了。 現在能提醒大家：最重要，請密切注意你的email，隨時查看有沒有從……..@SBA.gov 如果你在去年（2020年）12月27号以前，沒有申请过 EIDL免還紓困金，請関注我们，请大家关注我们的油管Youtube 和微信号。 截止SBA昨天的網站，還沒有開放接受新的申請。但可能隨時開放申請， 現在最火的是PPP 2員工薪資保護第二輪，有2750億，只要你的生意在2020年任何一个季度的毛收入，比2019年减低25%以上就可以符合条件。符合的生意，可以是公司，也可以是个体户。就是拿1099或者是现金散工收入者。也就是税表填写schedule C 的人也可以申请。 第二輪的PPP員工薪資保護，最大的不同是餐饮、旅館等重災行業，这次可以拿到三个半月，普通公司和第一輪一樣是两个半月薪。你可以选择用2019年或者2020年的薪水来计算數額。申請手續基本上比上次簡單一點，如果申請額度低於十五萬，申請的時候不需要馬上遞送財務稅表，等到申請豁免的時候，再補交。申请符合的条件： 300名員工以下，最高兩百萬，一個員工最高年薪10萬元計算 2020年2月15號以前公司要營運。 2020年任何一个季度的拿收入比2019年低25%以上。 申请截止日到2021年3月31号，很多人問，是不是要等到第一輪的薪資被減免了以後，才可以申請第二輪，正確的答案是：不需要。只要第一輪的錢，已經用完或者有計劃的將要被用完，就可以申請第二輪。 薪資保護計劃是找你的銀行申請。無論你上次有沒有申請，都不影響這次可以申請的資格。 如果是用跟上次同樣的銀行那就更簡單了。兩個地方要注意的，1. 你要有第一輪PPP貸款號碼，2. NAICS 號碼要跟你的稅表的code一樣的。但是如果你不喜歡你第一輪申請的銀行，你可以換到任何一家你喜歡的銀行。很多人反應大銀行好像比較不友善，所以找網路銀行或者社區小銀行。大家盡快申請。 第二輪豁免的條件也比較鬆，六成以上用在薪水，四成的钱可以用在符合条件的开销，例如：房租、水电、保險、貸款等各种经营开銷。而且PPP是非課稅收入，不用繳稅的哦, 很多公司老闆問我可不可以PPP和E IDL同時申請，答案是可以的。 有些個體戶生意人問我可不可以PPP跟失業救濟金同時申請，答案是不可以的。 疫情房租補貼申請 Ｒｅｎｔ Ａｓｓｉｓｔａｎｔ 這一輪紓困案有250億特别拨给房屋补贴的，疫情期間，房東房客真的都很辛苦，紐約暫定到五月以後才可以趕房客，房東還是得付貸款、地稅。
Rental Housing Crisis | Strategies and Countermeasures During the COVID-19 Pandemic
Real Estate Investment Rental Housing Crisis In just a short amount of time, the COVID-19 crisis has escalated into a global crisis. During this storm, New York has also tragically become the coronavirus hotspot of the U.S, and even the world's virus epicenter. At the beginning of this pandemic, the U.S. stock market had their meltdowns about twice a day. Real Estate Investors/landlords also experienced their tenants’ inability to pay rent amid the economic instability due to the pandemic. Landlords could not drive tenants out under the state government order, the value of assets was damaged, and the return on investment fell. As the virus prevailed, landlords and tenants continue at a loss because of the constant update of regulations and orders of the federal and state government. However, from an investing point of view, investments were originally profitable and compensable. The stock market had evaporated about 30% of its market value in late March. Although it is slowly recovering, it still sits at more than 10% less than before the pandemic. After half a year’s rent, in terms of the ratio of average house price to monthly rent in the United States (that is, how many months’ rent the house price is equivalent to), the major metropolitan area has reached nearly 40-months in 2019. It is possible to pay back the capital, which is still without calculating any related expenditures. In terms of such a value, if the rent is less than half a year, the return on assets will be reduced by about 15%, and it seems to roughly reflect the stock market situation. In this rare crisis, under the control of various “suspension” orders from the governor, working from home, the bombing of federal subsidies, and various tenant protection laws that have been promulgated in New York and California; plus the basics of the housing court. If the case is closed, how should landlords protect themselves, minimize rent losses, and avoid unnecessary trouble in the future? The following is a summary of the author's comprehensive lawyer practice experience and recent observations. Rent arrears: In this time, many residential tenants and small to medium-sized businesses face financial difficulties and are unable to pay rent. Residential tenants face unemployment and pay cuts, and small to medium-sized businesses such as restaurants and nail shops are unable to open their doors for business. First, the so-called "Eviction Moratorium" must be explained. Although the states issued various "Eviction Moratoriums" of varying durations, the state government's orders often do not disclose that tenants don’t have to pay rent during this period, nor are they exempt. If the government exempts tenants from paying rent this would infringe upon the landlord's private property rights. If the state government wants to waive rent arrears, it must also compensate the landlord accordingly, so it is not easy to do so in legislation. For commercial real estate investments, the tenants are affected by government suspension orders and are unable to open doors to do business. There are only a few possibilities for rent reduction by landlords: (1) Force Majeure clause in force lease (2) The frustration of purpose, (3) Impossibility or Commercial Impracticability. The application of these principles lies in dealing with the impact of "unpredictable events" on the parties to the lease. Commercial real estate investors may be in a more complicated predicament because of the laws involved, and often need to seek the assistance of lawyers. When landlords receive rent reduction requests from their tenants, they should also consider the applicability between the aforementioned principles and the lease. Landlords may consider appropriate rent reduction or extension, especially if the tenant has performed well in the past, it should not be a big loss in the long run. After all, for commercial real estate investors, a good lease, and a record of rent payment is often valued by banks and lenders, a factor that landlords should consider when planning cash flow. For residential real estate investments, the tenants are often victims of unemployment or salary cuts, or they cannot afford the rent because of medical expenses. In this case, the author recommends three steps: (1) Understand the situation and know the difficulties of the other party. The landlord and the tenant are both a business relationship and an interpersonal relationship. If you can understand the reason why the other party cannot pay the lease, you will be able to appropriately propose a solution to the problem. (2) Let the other party understand your difficulties. The pressure of loans and land tax is like a mountain. Let the other party understand this pressure, which is helpful for subsequent communication and mutual understanding. (3) Consultation and communication. Based on the above two understandings, the landlord can negotiate with the tenant and propose possible solutions according to the situation, such as postponing the rent due date, moderate rent reduction or the landlord can provide further information on unemployment benefits; SME subsidy loans such as salary and wage protection plans and other information to help finance tenants, there is no reason not to pay rent. As for how to talk about rent reduction specifically? Commonly used rent reduction and rent reduction methods are nothing more than the following: (1) Within the scope of the tenant's economic position, charge a lower rate for rent during the two or three months of the pandemic. On the one hand, tenants can help the landlord understand their economic position by sharing their current expenses. On the other hand, the tenant can also recognize good faith that the rent is not maliciously owed. (2) The part of the rent owed may be paid even if the landlord agrees to reduce the rent. (3) The security deposit will be used first, after the pandemic crisis or after the government lifts the ban, it will be supplemented by adding a little more each month; specific arrears amortized after the crisis. Moving Problems: Due to the impact of the pandemic, issues with moving have arisen. Many buildings have stipulated that tenants cannot move in or out. Even if the moving company is identified as essential business, some moving companies have significantly reduced staff and the rates have soared. Another issue landlords face is that some individual tenants have health concerns even if the lease expires and are reluctant to move, but the new tenant is scheduled to move in. For existing tenants, since there is no way to force relocation, the landlord is recommended not to force tenants to move out. As for commercial tenants, they should carefully read the terms of the lease and may choose to sign a Surrender Agreement to agree to return the property to the landlord and arrange for the lock to be changed. If the landlord wants the new tenant to move in, he may consider discussing with the new tenant to postpone the start date of the tenancy, or even consider giving some moving subsidies to get the new tenant to move in according to the contract. Some tenants may not even have the means to pay for the property, leading to the invalidation of the lease and the rent must be refunded. However, commercial leases often have specific delivery terms that should be handled according to the lease. Maintenance Issues: Due to the country’s “ halt” during this period, it is not easy to find a suitable professional to carry out residential property maintenance. For commercial tenants, there are often provisions for tenant maintenance in the lease. However, for general residence or building, landlords are often responsible for repair and maintenance. Although the state governments have successively promulgated various types of eviction suspensions, the court has listed "unlawful expulsion" or "emergency repairs" involving rented property as "Essential Matters" and therefore continue to be accepted during the outbreak. Keep in mind that general maintenance may be reasonably suspended due to the pandemic, but urgent and necessary maintenance is still necessary. Otherwise, it may be considered as a violation of the warranty of habitability and may be punished by the government. Therefore, it is recommended that landlords arrange emergency repairs as much as possible within a reasonable time, or agree that the tenant can find the right person to repair, and the reasonable repair costs can be deducted from the rent, as long as the tenant can provide relevant evidence. Death of Tenant: This topic may not have been much of a concern to some investors and can be an intimidating topic to talk about. However, the author, in the storm’s center of New York City, did receive relevant consultations during this period, so he was surprised by the ignorance of most landlords on this topic. Landlords should first understand two key points: Death Certificate and Executor or Administrator. First, it is paramount to understand the proper removal of relics of the deceased tenant. Many landlords who don’t understand the law tend to let people who claim to be family members of the tenant take the late tenant’s belongings. It is important to know that even family members may not have the right to deal with the relics in the law. Therefore, the key is that the person authorized by the court to deal with the estate of the deceased, that is, the administrator (Executor or Administrator), has the right to dispose of it. Of course, some perishable items or cats and dogs that must be taken care of urgently is an exception. At this time, relatives and friends of the deceased family can be accompanied by a third person (such as the landlord or deceased’s estate manager) to deal with specific relics. As for general legal acts such as leases, rent arrears, and eviction procedures, the landlord can also come to an agreement with the deceased’s estate manager on these legal acts. The estate manager can often request to sublet the property, the landlord can choose to accept the sublet request or refuse. If the landlord refuses, it is equivalent to the termination of the lease. The deceased’s estate manager will no longer be responsible for the lease obligations at that time. If for a specific period of time, the court does not appoint an estate manager, the landlord can directly start the eviction process. As for the waiting period, each state has its regulations. For example, in New York State the waiting period is 90 days. In summary, the sudden outbreak and the various measures taken by the government in response to the outbreak have profoundly affected many people's lives and economies. Many real estate investors face possible rental losses. Real estate investors can reduce longterm profit losses and protect assets by understanding how to deal with investment risks, strengthening their understanding of relevant laws and regulations, and properly consulting and communicating with their tenants. The author hopes that whether you’re a landlord or a tenant, you can understand and sympathize with the other party during this crisis, and through this pandemic, apprehend the risk management that comes with real estate investing. Contact iTraining Real Estate School To learn more the industry’s leading real estate educational service, contact iTraining Real Estate School today and speak with a real estate training professional who can answer any questions you might have about receiving your New York Real Estate broker license. If you enjoyed this article, please feel free to share it on your favorite social media sites.
地產投資的租客危機 — — 新冠病毒疫情期間的租房教戰守策
COVID-19病毒疫情已經升級成全球性的危機，紐約州在這風暴當中，也很慘烈地榮升全美國、甚至是全世界第一重災地。在疫情伊始美國股市應聲一日熔斷兩次，房地產市場的投資者——也就是房東們，也體驗到租客不交租、在各州政府命令下無法驅趕房客，資產價值受損、投資回報下跌的苦果。隨著疫情發酵，更讓房東與房客們無所適從的，是聯邦與各州政府不斷更新的法規與命令。 然而從投資的角度來看，投資本來有賺有賠，股市在三月下旬尚且蒸發約三成市值，現在雖然緩步回升但也比疫情前少了一成多；相較來說房產投資如果少了半年租金，以美國平均房價與月租比（也就是房價相當於多少個月的租金）來說，主要都會區在2019年已經達到將近40，也就是說房屋投資至少要三年多以上才可能回本，這還是在沒有計算任何相關支出的情況下。以這樣的數值而言，少了半年租金大概是資產回報減少15%左右，似乎也大致反映股票市場狀況。 在這場罕見的危機中，在重重州長各種「暫停」令、在家工作潮、聯邦補貼轟炸，以及紐約、加州等進來頒布施行的各種租客保護法夾殺之下，再加上房屋法庭基本關門不收案，房東們應該如何自保、盡可能減少租金損失、並且避免未來不必要的麻煩？以下是筆者綜合律師執業經驗以及最近的觀察，提出的一點建議。 I. 欠租問題： 許多住宅房客面臨失業減薪，中小企業主如餐館、美甲店無法開門做生意，因而經濟上面臨困難無法交租，房東們也已經開始陸續收到減租的要求，應該怎麼應對呢？ 首先必須說明所謂的「驅趕暫停」（Eviction Moratorium），雖然各州頒布各種時間長短內容不等的「驅趕暫停令」，但州政府的命令往往並沒有說這段時間房客不用付租金、更不是免除房客的交租義務，因為如此將會侵害到房東的私有財產權利。如果州政府確實想要免除欠租，那麼也必須相應補償房東，因此在立法上並不容易做到。 對於商業投資房而言，租客往往是受到政府暫停令影響、無法開門作生意的業主，會尋求房東減租的不外乎幾個可能：(1) 租約中的不可抗力Force Majeure 條款、 (2) 合同目的落空原則Frustration of purpose)、(3) 不能履約原則Impossibility or Commercial Impracticability。這些原則的適用都在於處理「不可預知事件」對於租約雙方的影響。商業租客因為牽涉到的租金以及法律都可能較為複雜，往往需要尋求專業律師的協助，房東們在收到租客減租要求時，也應該考慮前述幾個原則與租約之間的適用性審慎處理，適當酌情考慮減租或者延租，尤其如果是過去表現良好的租客，更不應該為了眼前一時之利而因小失大，畢竟對商業投資房來說，好的租約以及交租紀錄往往是銀行貸款時所看重的，也是房東在規劃現金流時應該考量的因素。 對於住宅類型的租客而言，租客常常是失業或者減薪的受害者，或者因為醫療費用支出而付不起房租。這種情況下，筆者建議三個步驟處理： (1)了解情況、知道對方的難處。房東與房客既是商業投資關係、也是人與人的人際關係，如果能夠透過溝通、是當理解對方無法付租地原因，也就更能夠適當地提出解決之道，弄清楚是因為失業、餐廳關門、還是單純不爽付租金，才能夠對症下藥。 (2) 讓對方明白自己的難處。租客因為疫情影響付不出錢，房東又何嘗好過? 貸款、地稅的壓力都有如泰山壓頂。讓對方也理解這樣的壓力，有助於後續溝通。 (3) 協商溝通。在前述兩個理解基礎之上，房東便能夠和租客進行協商，根據情況提出可能的解法，例如延後租金到期日、適度減租、或者房東可以更進一步地提供相關的失業救濟金資訊、中小企業補助金貸款如薪資薪資保護計畫等資訊，協助租客拿到錢、沒理由不付租金。 至於具體怎樣談減租？常用的減租、緩租方式不外乎下述幾種：(1)在房客經濟許可範圍內，兩、三個月疫情期間交一個較低數字的租金，一方面幫房東分擔一些支出、一方面房客也能釋出善意表示並非惡意欠租；(2) 欠租的部分可能即使房東同意減租也還有一部分要還，可以約定在疫情危機過後以每個月付一點的方式補上；(3)先用押金抵，疫情危機過後或者政府解禁後再用每個月多加一點的方式補上；(4) 如果真的不能付租金，雙方可以約定好減租數字，然後由房客簽字承認具體欠款數字並承諾在危機過後分期攤還。 II. 搬家問題： 因為疫情影響，許多大樓已經規定不得搬進搬出，或者即使搬家公司被認定是關鍵行業（Essential Business）但個別搬家公司也大幅減少人員因而費率大漲， 或者個別房客因為健康考慮即使租約到期也不願意搬家，但新房客又已經要入住，這該怎麼辦？ 針對現有住房房客，由於無論如何沒辦法強迫搬遷，建議房東不用撕破臉強迫搬家、盡量能夠拿到一些租金聊勝於無。至於商業租客則應該細讀租約條款，可能選擇簽署交屋協議(Surrender Agreement)同意房屋交還給房東並安排換鎖，並且在協議中詳細規定遺留的家具設備應如何處理，把租屋處作為準倉庫(storage)的方式對待。 至於未來新房客，由於沒辦法交屋有可能導致租約無效必須退押金租金，但商業租約則常常有特定的交屋條款應該按照租約處理。如果住宅的租約，房東真的很想要這個新房客，可考慮與新房客商量延後租約開始日期、甚至考慮給予一些搬家補貼以爭取新租客在疫情過戶依約入住。 III. 維修問題： 由於這段時間百業「暫停」，有時候連房屋維修都不容易找到適合的專業人士進行，商業租客也就罷了因為租約裡面往往有租客維修的規定，但一般住宅或者大樓往往是由房東進行維修，這可就讓房東們頭痛萬分了。 雖然各州政府接連頒布各種「驅趕暫停」，但有趣的是各法院往往把「違法驅趕」或者涉及租房的「緊急維修」列為「必要型案件」（Essential Matters）因而在疫情期間繼續受理。筆者在此提醒房東們，一般的維修也許有理由因為疫情而暫停，但緊急、必要的維修仍然是必須進行的，否則可能會被認為違反可居住保證(warranty of habitability )而被政府開罰、或者被房客告上法庭。因此，筆者建議房東還是應該在合理時間內盡量安排緊急的維修，或者同意由租客自行找適當人士維修、並且合理維修費用得從租金中扣除，只要租客能夠提供相關證據、房東沒道理不允許。 IV. 房客過世問題： 平常這個話題也許乏人問津、一提就覺得觸霉頭，不過身在風暴中心紐約市的筆者在這段期間確實接到相關諮詢，也因此驚訝於大部分房東對於這個主題的無知。房東首先應該了解兩個關鍵：死亡證明（Death Certificate）以及遺產管理人（Executor or Administrator）。 首先第一個面臨的問題是去世租客的遺物處理。許多不懂法律的房東往往輕易讓聲稱是房客家屬的人進入處理房客遺物，殊不知這樣可能冒著讓租客遺物失竊的風險。要知道在法律上即使家人也未必有權處理遺物，否則就不用上演那麼多豪門爭產大戰了。因此關鍵就在於必須是法院授權處理死者遺產之人，也就是遺產管理人（Executor or Administrator）方有權處置。當然，如果有易腐物品或者貓狗等必須緊急處置那是例外，死者家屬親友在此時可以由第三人（如房東或房產管理人）陪同下處理特定遺物。 至於租約、欠租以及驅趕程序等等一般法律行為，房東也可以與遺產管理人進行處理。遺產管理人往往可以要求轉租或分租，而房東則可以選擇接受轉租的要求或者拒絕，房東拒絕後等同租約終止、死者遺產管理人將不再負責該時刻起的租約義務，租約計算也就到此為止了。房東翹首等待之後，如果不幸地許久未有法院指定的遺產管理人出現，房東在特定的等待期後可以直接開啟驅趕訴訟，至於等待期多久則各州自有規定，如筆者所在的紐約州便是90天等待期。 總結而言，這場突如其來的疫情、以及政府應對疫情之下的各種舉措，都影響民生經濟深遠。投資房產的業主們面對可能的租金損失，如果用「投資有賺有賠」、處理投資風險的心態面對，並且加強對相關法令的了解、與租客適當協商溝通，往往能夠減少租金損失達到保護資產的目的。筆者冀望不管房東或房客都能用同理心度過這場危機，並且透過這場疫情認識到地產投資的風險管理。
Free Trial! William Bih Live-Stream Real Estate Lesson! Highly Recommended!
April 2, 2020 During this pandemic, in your spare time, get your real estate license course at iTraining Real Estate School. William Bih, our instructor, is one of the most successful instructors in the real estate industry, his students hold a 96% pass rate. From time to time, William Bih will reveal the skills and secrets of investing in real estate and being a real estate agent/broker in New York. Studying real estate can increase you opportunity for employment and income, increase real estate knowledge and protect your rights, and you get to save commissions on your own personal deals. Get your free trial course today! Contact us at 347-543-6635! After the free trial, like and share our course with your peers on 5 social media platforms to get $ 50 off! When you receive your exclusive coupon, it means that you can enjoy the best real estate course in New York State without leaving your home. How to use your coupon? please refer to the following process: 1. Call us to activate your free trial card 2. Provide to us your name and mobile phone number 3. You will get your own trial ID, choose the right time to listen to the course! 4. Download ZOOM, display your unique ID, you can learn practical real estate knowledge at home!
Protecting Yourself From The Coronavirus
March 22, 2020 As a real estate agent, you will come in contact with hundreds of people on an almost daily basis. You will touch dozens of doorknobs and hundreds of more surfaces, all of which could expose you to the coronavirus. With the rapid spread of COVID-19 and the severity of the virus, people everywhere are being asked to practice social distancing. Still, homebuyers are shopping for homes and real estate agents are selling them. Keeping that in mind, we are going to take a look at some ways that you can protect yourself against the coronavirus disease 2019 (COVID-19). Let’s get started: What Is The Coronavirus Disease (COVID-19) Coronavirus disease 2019 (COVID-19) is a respiratory illness that can spread from person to person. The virus that causes COVID-19 is a novel coronavirus that was first identified during an investigation into an outbreak in Wuhan, China. What Are The Symptoms Of COVID-19? COVID-19 presents itself with a set of specific symptoms which, separately, don’t seem like anything to be concerned about. Even together, the COVID-19 symptoms resemble the common cold. Patients with COVID-19 have had mild to severe respiratory illness with symptoms of: • Fever • Cough • Shortness Of Breath If you have these symptoms and your condition is getting worse, consult your physician. If you do not have these symptoms, avoid contact with others do your best to self-quarantine. Staying Safe According to the World Health Organization, “you can reduce your risk of infection if you: · Clean hands frequently with alcohol-based hand rub or soap and water. This is especially important before, during and after a home showing. · Cover your nose and mouth when coughing and sneezing with tissue or flexed elbow. · Avoid close contact with anyone with cold or flu-like symptoms. Be sure to request that your clients reschedule a home showing if you are sick, or if they, or someone in their home is sick. Contact iTraining Real Estate School To learn more the industry’s leading real estate educational service, contact iTraining Real Estate School today and speak with a real estate training professional who can answer any questions you might have about receiving your New York Real Estate broker license. If you enjoyed this article, please feel free to share it on your favorite social media sites.
How To Choose The Right Real Estate Licensing Course For You
March 22, 2020 There are many factors to take into consideration when choosing a real estate licensing course in New York. You want the best one that can help you start a successful career as a real estate agent in New York and that means taking the time to find one that meets your needs and expectations. While you could just simply Google ‘real estate licensing course in New York’, you still won’t know enough about each one to make a decision. For that, you will need to take a look at the following factors: Choosing The Right Real Estate Licensing Course For You Experience- when choosing a New York real estate licensing course, you want one that is run by instructors who have experience in the New York real estate industry. This ensures that you will get accurate instruction and knowledgeable answers to your questions. Price- while quality and experience are important, how much the New York real estate licensing course costs is also an important factor to consider. You want a course that combines value with expertise. Don’t just look at the price, because cheaper isn’t always better. Make sure that you are getting the best value for your money. Schedule- when choosing a New York real estate licensing course, you want one that offers a flexible schedule. Most real estate course students already have part or full-time jobs and taking a course to get a new career can be challenging if it interferes with your current work schedule. Service And Support- you want to choose a New York real estate licensing course that offers students additional support during and after the course. If you have a question that you need answered, it is always good to be able to contact an instructor. Contact iTraining Real Estate School To learn more the industry’s leading real estate educational service, contact iTraining Real Estate School today and speak with a real estate training professional who can answer any questions you might have about receiving your New York Real Estate broker license. If you enjoyed this article, please feel free to share it on your favourite social media sites.
Top Myths About Real Estate Agents
March 22, 2020 When considering becoming a real estate agent in New York, you will have a lot of questions and you might hear a lot of answers, some of which aren’t exactly true. In fact, there are all kinds of myths about real estate agents and the real estate industry. And, although there is always going to be an exception to the rule, we are going to take a look at some of these myths and try to debunk them. Let’s get started: Top Myths About Real Estate Agents Real Estate Agents Are Always Late For Appointments- this is absolutely not true. In fact, most real estate agents are early for client appointments because they like to prepare the home or some important paperwork their client needs. Real estate agents in New York always have something to do, so being early means they have time to get some work done while they are waiting. The More You Pay For A House, The More An Agent Makes- you might have heard this one before and it is false. There isn’t much of a difference between a homebuyer paying $500,000 for a new home, and them paying $550,000. The real estate agent will make around $200 more in that instance. Agents Must Show You Homes On Demand- this is another myth that doesn’t make a lot of sense when you think about it. A real estate agent works for a fee and unless you have a signed contract with an agent, they don’t have to show you anything. Clients should be polite and they should respect the real estate agent’s time as they are providing a valuable service. Agents Get Kickbacks From Lenders / Title / Inspectors- this is false. Since 1974, real estate agents in New York and around the country have been prevented from receiving any kind of kickback or favor from real estate vendors. It's against the law and it’s against RESPA: the Real Estate Settlement Procedures Act. Agents Have To Tell You The Neighborhood's Make-Up- this is another false myth that many homebuyers like to believe. However, under the Federal Fair Housing law, real estate agents are prevented from disclosing crime rates, school stats, or ethnic mixes of neighborhoods. As a student of iTraining Real Estate School, you will learn all of this and more about how to become a successful New York real estate agent. Contact iTraining Real Estate School To learn more the industry’s leading real estate educational service, contact iTraining Real Estate School today and speak with a real estate training professional who can answer any questions you might have about receiving your New York Real Estate broker license. If you enjoyed this article, please feel free to share it on your favourite social media sites.
Why Now Is A Good Time To Become A Real Estate Agent
March 22, 2020 If you are considering becoming a real estate agent in New York, keep reading as we are going to share some useful information explaining why now is the best time to become a real estate agent. And, with that being said, let’s get started: Why Now Is A Good Time To Become A Real Estate Agent Selling a residential property can be just as challenging for homeowners as it is for homebuyers to purchase one. From listing a property to marketing it and having an open house, to finding qualified buyers, there is a lot of work involved. This means that most homeowners typically contact a real estate agent to sell their homes for them. In fact, 73% of sellers are more likely to list their home with an agent than to try and list it themselves. That number is up almost 10% from the last decade. Most New York real estate agents have home selling down to a science. They use the latest sales trends such as the fact that Thursday is the best day to list a home. In fact, according to industry studies, properties listed on a Thursday typically sell for $3,015 more than on Mondays. New York real estate agents also rely on industry statistics as well. Information such as, on average, 98% of final sale prices matched the original asking price of a property in 2019, or the median number of days that a property is on the market before n offer was accepted is 40, can help them create a home sales strategy for their clients. As you can see, by utilizing the latest industry information, today’s New York real estate agents can be much more successful at marketing and selling their clients’ homes. Contact iTraining Real Estate School To learn more about the industry’s leading real estate educational service, contact iTraining Real Estate School today and speak with a real estate training professional who can answer any questions you might have about receiving your New York Real Estate broker license. If you enjoyed this article, please feel free to share it on your favorite social media sites.