Welcome to Relocation Guide
Canada Real Estate Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Getting the Legitimate Real Estate License
from:A real estate license is the basic requirement for those who wish to have a career selling real estate. Individual property owners looking to sell private assets do not require a license. However, any individual that they hire in their stead to market and sell their single family home, commercial property or raw land, will need to have a valid license in order for the seller to have basic protections offered under real estate law. This real estate license is gained by passing the state exam in which an individual chooses to practice. Licenses not only must be renewed periodically, they can be suspended for unscrupulous business practices at any time.
A number of real estate companies offer courses that allow individuals to obtain their real estate license at little or no cost. Upon completion of classes and meeting all requirements, an individual will then reimburse tuition costs to the real estate company through small payments or with a small percentage from sales. There are also online options for gaining one's real estate license. These courses offer the chance for individuals to attend classes at any time of the day or night, making it a popular option for many working adults. Curriculums are set to match the varying requirements of each state.
For the most part, those with a real estate license are referred to as sales agents. However, depending on the state of practice, a real estate license can also qualify one as a broker. A broker is an individual whose responsibilities fall along the line of finding properties for buyers and buyers for properties. The broker then acts as a mediator, working to establish a satisfying and advantageous agreement for each of the involved parties. The majority of brokers work off of a commission. In some states certain instructional requirements must be met before the broker's exam can be taken.
In order for individuals to legally practice once their license is obtained, they must work for a legitimate real estate firm. With time and practice, it is not uncommon for many agents to move on to their own franchises. At times, the problem with earning one's real estate license comes in the form of scam artists offering national or typical real estate licenses. These offers are non legitimate as each state has its own requirements that must be met in full before a legal real estate license will be issued. Depending on the state, an exam and up to 90 classroom hours can be required. To find legitimate real estate courses, one can contact a local real estate office or their state website.
Canada Real Estate News
Tighter mortgage rules not enough in hottest real estate markets, OECD says - CanadianBusiness.com
 Globe and Mail | Tighter mortgage rules not enough in hottest real estate markets, OECD says CanadianBusiness.com The OECD has suggested the Bank of Canada begin the raise interest rates this fall with a target of 2.25 per cent by the end of next year, up from one per cent where it has stood since September 2010. "We feel that at least in the hottest real estate ... No real estate bubble pop expected in Canada RBC trims five-year mortgage rate Fitch: Canadian Banks' Residential Mortgage Exposure Manageable Under Moderate ... |
GT Canada Medical Properties REIT announces monthly distribution - Sacramento Bee
 Advisor.ca | GT Canada Medical Properties REIT announces monthly distribution Sacramento Bee By GT Canada Medical Properties Real Estate Investment Trust TORONTO, May 23, 2012 /CNW/ - GT Canada Medical Properties Real Estate Investment Trust (the "REIT") announced today that it has declared a distribution of $0.005334 per trust unit (TSX-V: ... REITs offer long-term stability |
Scotiabank Agrees to Sell Scotia Plaza for C$1.27 Billion - Bloomberg
 Globe and Mail | Scotiabank Agrees to Sell Scotia Plaza for C$1.27 Billion Bloomberg Bank of Nova Scotia agreed to sell its Scotia Plaza office complex in Toronto for C$1.27 billion ($1.24 billion) to two Canadian real estate trusts. Dundee Real Estate Investment Trust (DU) and H&R Real Estate Investment Trust (HR-U) agreed to buy the ... Dundee REIT Falls After Deal to Buy Scotia Plaza Scotiabank agrees to sell Toronto office tower Scotiabank's landmark Toronto tower sells for record $1.27-billion |
Rental property still a good bet for investors - Vancouver Sun
 Toronto Life | Rental property still a good bet for investors Vancouver Sun Record low interest rates coupled with an overly ex-tended bull market for Canadian residential real estate has some investors questioning the validity of investing in a rental property. Current economic indicators support these fears: mortgage rates ... Large Investors Choose to Swim on Their Own Head of Marketing, Real Estate Tower power: Scotia Plaza sells for a record $1.27 billion |
Mansion sale a cautionary tale of over-priced real estate - Canada.com
Mansion sale a cautionary tale of over-priced real estate Canada.com The sprawling Oakleigh estate, which made national headlines last year as the first Canadian luxury home auctioned off without a reserve bid, was sold for $3075000 this month, according to the deed of sale. John Hooper, the entrepreneur who first ... |
Mobile Real Estate, LLC Launches Real Estate's First International Short Code - RisMedia.com (press release)
Mobile Real Estate, LLC Launches Real Estate's First International Short Code RisMedia.com (press release) The short code, 85377, which has been in use here in the US since 2008 in conjunction with the Mobile Real Estate ID (MRE ID) solution for real estate agents, is now also approved with all major Canadian mobile carriers. Previously, Canadian real ... |
Checking In With The Hospitality REIT Equities - My Top 3 Picks - Seeking Alpha
 Los Angeles Times | Checking In With The Hospitality REIT Equities - My Top 3 Picks Seeking Alpha The network includes Motel 6, the iconic North American brand, and Studio 6, an extended-stay economy chain, and comprises 1102 hotels (107347 rooms) in the USA and in Canada. Jonathan Gray, Global Head of Real Estate at Blackstone, said, ... Accor to Sell Motel 6 to Blackstone for $1.9 Billion Blackstone Buys Motel 6 for $1.9B Accor Sells Motel 6 to Blackstone Fund for $1.9B |