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11 Different Ways to Participate in The New Millennium Real State Boom
Many parts of the country are going through a real estate boom. In recent reports real estate is showing double digit growth in many parts of the country. In still many other real estate growth is outpacing inflation. 1 - Real Estate Agent Real Estate agents are responsible for the vast majority of Real Estate Sales, Matching qualified buyers with eager sellers. 2 - Mortgage Broker A good mortgage broker will represent 10 or more lenders. Each lender may have dozens of loan programs. The job of the Mortgage broker is to find the best loan for each client. 3 - Loan Originator A loan originator or loan officer will work for the mortgage broker and help the client choose the best loan for their situation. 4 - Title Officer A title officer will issue a title insurance policy on Real property. The purpose of the title insurance is to protect the buyer and the lender in the event there are claims against the property that weren't settled at time of purchase. 5 - Loan Processor A Loan Processor often gets paid a salary as well as a bonus for each funded loan. Loan Processors do all the paper work to push a loan thru. 6 - Loan Underwriter The Loan Underwriter works for the lender and makes sure the borrower meets the loan qualifications 7 - Appraiser An Appraiser will place a value on the house that will be used by the lender to determine the amount of money they are willing to lend on a property 8 - Home Inspector A home inspector will often look over the house to find any problems prior to the close of the sale. The buyer can then negotiate with the seller to get some or all of the major problems fixed. 9 - Insurance Agent Lenders require a Home Owners Insurance policy. Often new homeowners will also purchase, Flood, Mortgage life and earthquake insurance as well. 10 - Escrow Officer An escrow officer works for an escrow company. An escrow company is a neutral 3rd party that holds and disperses the funds to ensure a smooth transaction 11 - Real Estate Lawyer Many Real estate transactions require the services of a lawyer About the Author Get Mike's Newsletter Here Copyright 2005-2006 Mike Makler
MORE RESOURCES:
Top real-estate CEO sees decades of housing pain ahead: 'What the Fed did will have a 30-year tail on it' Yahoo Finance Landmark Settlement Breaks Up the Real Estate Cartel The American Prospect Realtor accidentally burns down home news.com.au Commercial Real Estate's Systemic Threat: Separating Fact From Fiction Commercial Observer Rules that helped set real estate agent commissions are changing. Here's what you need to know The Associated Press Who are real estate lobbyists talking to in New York? City & State New York Public records: Coshocton County, Ohio, real estate transfers Coshocton Tribune Brockton-area real estate sales for Dec. 26 to Dec. 29, 2023. Enterprise News Refined Real Estate: Historic Queen Anne Polson House lists for $6,950,000 seattlerefined.com Pension funds snap up real estate at steep discounts Financial Times Luxury's Latest Battleground: Real Estate | BoF The Business of Fashion The End of the Super Broker Era in Commercial Real Estate Commercial Observer Jacksonville riverfront mansion leads Duval County real estate sales The Florida Times-Union Real estate shake-up: Possible commission changes ahead 11Alive.com WXIA REAL ESTATE | New signage for Auto Safety Center on S. Main Street, West Bend, Wi washingtoncountyinsider.com Will Realtors’ price-fixing settlement affect Idaho home buyers? What Boise experts say Idaho Statesman Knoxville School Board to Hold Several Public Hearings Regarding Real Estate Parcels KNIA KRLS Radio Will March bring more madness to Craven County's real estate market? New Bern Sun Journal Investigation underway after 44-year-old real estate investor seen on video firing shots off boat docked at Lakeview ... WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale A luxury agent on how the NAR settlement will change his business The Washington Post The Realtors' Big Defeat The New York Times Cities Face Cutbacks as Commercial Real Estate Prices Tumble The New York Times Rules that helped set real estate agent commissions are changing. Here's what you need to know Lufkin Daily News Realtor group will pay $418M to settle commission lawsuits The Associated Press Rules that helped set real estate agent commissions are changing. Here's what you need to know KXLY Spokane What National Association of Realtors agreement means for Texas real estate KAMR - MyHighPlains.com Israeli real estate event: Legal complaints escalate NorthJersey.com National lawsuit could shakeup housing market, cut into real estate agent commission 11Alive.com WXIA Realtors settlement to lower home sale costs, alter commission structure The Washington Post National Association of Realtors Agrees to Slash Commissions to Settle Lawsuits - The New York Times Swimmo Invest Opens up a New Chapter in the Real Estate Industry Markets Insider China's Real-Estate Market Just Set a Record—but Not a Good One The Wall Street Journal What the death of the 6% real estate commission means in D-FW The Dallas Morning News What Seattle-area homebuyers should expect after national settlement The Seattle Times Real estate commissions, unassailable for decades, could crumble after landmark settlement The Denver Post Realtors Reckon With a Seismic Shift to How They Get Paid The Wall Street Journal Is the Era of the Celebrity Real Estate Agent Over? Industry Reacts to Settlement That Could Slash Commissions Hollywood Reporter Settlement will affect Iowa homebuyers KCCI Des Moines Rules that helped set real estate agent commissions are changing. Here's what you need to know News10NBC Making Sense of New York's Confusing Luxury Home Market The Wall Street Journal Realtors Reach Settlement That Will Change How Americans Buy and Sell Homes The Wall Street Journal Rules that helped set real estate agent commissions are changing. Here's what you need to know Northeast Mississippi Daily Journal A commission settlement may affect housing market 9News.com KUSA Illinois real estate: Home sales in Peoria, Tazewell, Woodford counties Peoria Journal Star End of 6% real estate commissions could mean lower home prices The Atlanta Journal Constitution Realtor Lawsuit Settlement Will Change the Housing Market Forever Business Insider A Look Into the Future of Home Buyers' Agent Commissions The Wall Street Journal Once America's Hottest Housing Market, Austin Is Running in Reverse The Wall Street Journal National Association of Realtors to cut commissions to settle lawsuits. Here's the financial impact. CBS News Real Estate Credit Investments (LON:RECI) Shares Pass Below 200 Day Moving Average of $126.75 Defense World Granite Real Estate Investment Trust (TSE:GRT.UN) Given Consensus Recommendation of “Buy” by Brokerages Defense World Blackstone, World's Top Alternative Asset Manager, Eyes Record Highs Amid Real Estate Bottom Investor's Business Daily Chicago Voters Face Choice on Tax to Fund Homeless Programs The New York Times Bridgemarq Real Estate Services (TSE:BRE) Share Price Passes Above Two Hundred Day Moving Average of $12.93 Defense World 4 Ways a Settlement Could Change the Housing Industry The New York Times Manhattan Real Estate Update westsiderag.com Colony Ridge violated deceptive trade practices, Texas says The Texas Tribune Real Estate Stocks Drop As NAR Agrees to $418 Million Settlement Markets Insider Yoon to scrap 'reckless' plan to raise declared real estate value The Korea JoongAng Daily |
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