Week 2 Real Estate

                                    
Instructions: Write a 4 to 6 page paper (not including title page or reference page) in APA Format.
Your paper must be written in 12 Point Arial or Times New Roman font.
Note: The purpose of this Assignment is to conduct research concerning the Real Estate Licensure process in your state or the state you wish to conduct business. In addition you will utilize the Checklist for evaluating a Real Estate Firm on page 26 of your textbook to assist you in selecting a potential Real Estate Agency to work with in the future.
Additional Assignment Instructions: First, research your  Real Estate Commission web-site. Locate and explore the following areas and others areas of the web-site. For example: Forms and Applications, Finding a Real Estate Company, Approved Real Estate Schools for Licensing, How to Obtain a License, Finding an Instructor, etc. Take some time to read through the various sections of the web-site.
Next, turn to page 26 of your textbook. Read the Checklist for evaluating a Real Estate Firm. Consider what portions of this checklist are important to you as a Real Estate Agent
In your paper address the following:
1.  Explain what information is most relevant on your State’s Real Estate Commission web-site and how this information will be useful in the future to obtain your Real Estate License. My state is Aurora  Colo.
2. Using the Checklist for evaluating a Real Estate Firm on page 26 of your textbook, explain the portions of the checklist that are important to you in your career as a Real Estate Agent. In addition, explain the process of selecting a Real Estate Brokerage or Agency in which to work.

Three references are required. Two must be from the APUS Library. Of course, you may use your text as a reference, as well as other sources if they are valid sources. Wikipedia is NOT a valid source for an Academic paper and must not be used for this Assignment.
                                                           check list

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Figure 3-1. Checklist for evaluating a real estate firm. Company __________________ Broker _____________________ 1. Before the interviews. A. Drive by the office. (1) Convenient location? ___________________________________________________ (2) Ample parking? ________________________________________________________ (3) Attractive exterior? ______________________________________________________ B. Visit the office. (1) Businesslike atmosphere? _______________________________________________ (2) Diverse, high-quality sales staff? _________________________________________ C. Tone, quality, and quantity of ads? ______________________________________________ D. Quality of Web site? Individual agent links? ___________________________________ 2. Interview with the active agent. A. General guidance offered. ___________________________________________________ __________________________________________________________________________ B. Comments about other companies. ___________________________________________ 3. Interview with the broker. A. Share of market/range of agent incomes. ______________________________________ __________________________________________________________________________ B. Written office instructions? Clear? Comprehensive? ____________________________ __________________________________________________________________________ C. Independent contractor or employee? Copy of contract? ________________________ D. Training program? Length? _________________________________________________ E. Multiple Listing Service (MLS) membership? __________________________________ F. Support facilities? _________________________________________________________ G. Realtor affiliation? _________________________________________________________ H. Office ethics? ______________________________________________________________ I. Commission splits? ________________________________________________________ J. Errors and omissions insurance? _____________________________________________ K. Obligations to firm? ________________________________________________________ L. Benefits? _________________________________________________________________ M. Special functions (property management, escrow, building)? _____________________ N. Relocation operation? ______________________________________________________ O. Part-time option? __________________________________________________________ 4. Expenses (indicate one time or periodic). A. Office start up fees $ ________________________________________________________ B. New license $ _____________________________________________________________ C. Realtor dues $ _____________________________________________________________ D. Lockbox key fee $ __________________________________________________________ E. Start up training $ _________________________________________________________ F. Business cards $ ___________________________________________________________ G. Multiple listing service $ ____________________________________________________ H. Other. ____________________________________________________________________ 5. Overall impressions and remarks. _
                                                            

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