Italian Real Estate

Real Estate?

Posted on | January 13, 2011 | 4 Comments

Question by davoliopartners: Genuine ?
Im going to start a actual business in the Us.
Im Italian, i know as well the European Market and the law, but i dont know the different laws in each single state.
Where i can come across the law and the guidelines for each and every single Us state?

Greatest answer:

Answer by Mountain Top
In most states you must (no alternative) sit in a actual class to discover the nearby state laws.

Look on-line for actual schools in the state you are interested in.

You will want a separate license for every single state, except for the couple of that have reciprocity – and even then you still will need to get the license – it’s just you won’t have to take the exam once more.

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4 Responses to “Real Estate?”

  1. DJ B
    January 13th, 2011 @ 12:44 am

    What you might consider is forming a corporation, and have brokers in each state.

  2. bartliddy
    January 13th, 2011 @ 1:41 am

    I hope that I am not wrong on this. Each state has it’s own Real Estate laws. They may have slight differences. Some states except others, but many don’t. Like New York and Florida will except a Realtor to deal in both states, but not in any other state. It is best to find out which states allow you to do bussiness with each other. Having so many states are like dealing with different countries.

  3. RRR
    January 13th, 2011 @ 2:40 am

    What kind of real estate business? Investment? or Brokerage?

    If you’re interested in selling real estate as a real estate agent then do a search for “the State Name” Real Estate Commission. Each individual state’s guildelines for receiving a license is usually on those pages.

    If you are just looking to buy & sell or develop real estate as an investor, I suggest finding & working with qualified real estate agents in the states you wish to run your business and/or do a search for an Investment Club within the State.

  4. niksmom
    January 13th, 2011 @ 3:00 am

    I, like Paul, work for Keller Williams Realty. Make sure you know the laws in your state very well. Your state real estate commission can and will impose heavy fines and/or penalties if you do not practice in the way the law states that you must. Also make sure you are very familiar with RESPA!!! There are very stiff penalties if you do not adhere to the requirements! This is a VERY expensive business to break into. It’s not a business where you go put a sign in a front yard and then go pick up a big check. There’s a lot more to it than that. I chose Keller Williams because of the education they provide. Continuing your education is very important. Not just what is required by law to renew your license. You have different designations that you can work towards, such as a GRI (Graduate Realtor Institute), ABR (Acredited Buyer Representitive), among others, which in the end could yeild higher profit margins. Another thing you should remember, in the begining, you will spend a lot of money. Make sure you keep track of where you’re spending that money, in terms of marketing, so you can see what works (and duplicate it) and what doesn’t. Your biggest marketing tool in this business is your agent website. that’s where you should spend the majority of your marketing budget. Consumers today are very tech savy. I have my own website which generates a lot of leads each week which I follow up on. I also have a navigation button on my KW website that links directly to my personal website. Before you decide on a company to work for, do your homework. Interview with brokers from different companies. A lot of them have good benefits (I’m partial to KW because of the profit share, the training/education, and the technology aside from having a non-competing broker). It’s a very rewarding field. Just make sure you get into it for the right reasons. If you make it about your standard of service and helping people, the money will come.

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