Licensing
The number of hours of coursework to get your Washington Real Estate License
90 hours
Who is eligible to be a First Time Home Buyer?
Anyone who hasn't purchased a home in the last 3 years?
To be considered a "seller" a person has to have this?
A house, land, investment property, condo, commercial building, mobile home in a park.
How is a REALTOR paid?
Percentage or flat fee at the close of a transaction
Realty One Group Pacifica colors are?
Black, White, and Gold
Who issues Real Estate Licenses?
Washington State Department of Licensing
Is down payment required for first time home buyers?
NO. Washington State Bond can be used to give the buyer up to 4% of the home price as down payment assistance.
False
The difference between a Realtor and a real estate agent is?
Realtors are members of the National Assoc. of Realtors but not all real estate agents are Realtors.
Realty One Group has been open since 2018, that is how many years?
5 years
Requirements for getting a license
18 years old, HS Diploma or GED, 90 hours course work, pass State and National exams
Buyers can use gift funds from family members as down payment?
Yes. Many loan programs allow for family members to give gift funds to the buyer to cover their down payment.
How many times does the average person sell a home in their lifetime?
8-10 times
What is the most important thing for a new Realtor to do after they join a firm?
Generate business for themselves by handing out business cards, talking to friends and family.
Does Realty One Group Pacifica have an office in Hawaii?
Yes. Longview WA, Centralia WA, Long Beach WA, Maui HI
How frequently do you have to renew your license?
Every 2 years
Can you buy a home from someone who has died?
Yes. It us usually sold through their estate to satisfy a will.
A "move up" seller is buying a bigger or smaller home to move into?
Bigger. They are usually moving up to a larger home to fit their family.
Can a Realtor make more than $100,000 in their first full year of selling in real estate?
Yes. Some have made up to $250,000 in their first year. It's not common but it can happen.
The three most important characteristics to get hired at Realty One Group Pacifica?
Hard worker, Likes people, Serves others
How much it costs to get/renew your license
$223
How much money does a first time home buyer need to buy their first house?
As little as $1500 with Washington Bond Down Payment Assistance and Seller contributions to closing costs.
Can you sell a home after the person has died?
Yes. It is usually called an Estate Sale.
How do you say commissions backwards?
Snoissimmoc
How old do you have to be to become a Realtor and work at ROGP?
18 years old