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5 Helpful Tips for Getting Started in Real Estate

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Not everyone is cut out for a career in real estate. However, for those who want flexibility, freedom, high income earning potential, and the ability to perform meaningful work on a daily basis, real estate is the perfect landing spot. Here are a few helpful tips you can use to get started:

  • Attend Online Real Estate School

Before you start your career as a real estate agent in Dayton Ohio, you have to get licensed. And in order to obtain your license, you have to follow the steps outlined by your state’s real estate commission.

All states have nuances, but the general requirements are the same across the board. You’ll need to take a real estate license course to prepare yourself for the required exams. Thankfully, you can take your 75-hour course online. (Some states require lengthier courses, so do your research to find out what you need to do in order to sit for the exams.)

  • Pass Both Exams

The next step is to pass your exams. This includes both the state and national exam. 

The state portion of the test will evaluate your knowledge on specific regulations and laws in your state. Most state exams require you to answer 30 out of 40 questions correctly to pass.

The national exam is standardized. It covers a variety of topics, including fundamentals of real estate law, real estate contracts, agency law, appraisals, mortgages and finance, taxation, real estate mathematics, federal laws affecting real estate, etc. There are typically around 80 to 100 questions on this portion of the exam.

  • Find the Ideal Broker

Once you pass the exam and you have your license, you need to choose a broker. And this is where many new agents get tripped up.

“Too many new real estate agents think a real estate broker choice is primarily based on commission splits,” real estate professional James Kimmons writes. “It’s not all about the split, as the final in-your-pocket income has to do with many variable services provided by brokers.”

In addition to commission splits, you need to think about how you’ll obtain leads, what marketing and advertising expenses are covered, what the office costs are, mentoring and training, and your level of comfort with the broker (and other agents).

While a broker isn’t technically your boss, he or she can make or break your success early on in your real estate career. Take your time and choose wisely!

  • Build Your Network

Success in real estate is all about networking. While you might get lucky and find a broker who occasionally tosses you a lead or two, you’ll typically be responsible for bringing in all of your own clients. And the bigger your network the better.

Use every opportunity in your work and personal life as a networking opportunity. Whether it’s neighbors, friends, family, past work colleagues, or the parents of your child’s friends – the wider you cast your net, the more potential there is for success.

  • Wow Your Clients

Once you earn a client’s business, you need to do everything within your power to multiply it. And the way you do this is by wowing them to where they can’t help but refer you to their network of friends and family. But be strategic in how you do this.

“All too often, real estate agents try to impress their clients by using fancy terms or information which can end up making their clients feel uncomfortable,” Mashvisor mentions. “While it’s important to show that you’re knowledgeable and an expert in the real estate market, this alone is not enough. There are tons of other agents out there, so why should they pick you?” 

At the end of the day, it’s all about building trust and coming across as authentic. People want to do business with people who they perceive as both knowledgeable and caring. There are plenty of knowledgeable agents, so set yourself apart by adding a human touch.

Build Your Real Estate Business

When you break it down into five simple steps, it makes the process of building a career in real estate sound easy. And while it’s definitely not easy, you don’t have to make it more complicated than it is. By following the path that others have already discovered, you can set yourself up to be successful for many years to come.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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From Contracts to Counsel: Your Essential Guide to Hiring a Probate Attorney in Chicago

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Like many people, you’ll come across the term probate after a loved one, such as a parent or spouse, passes away. So, what is probate, and why do you need an attorney for it? As defined in Forbes, probate is a legal process that occurs after death. It entails transferring the assets of the decedent (the person who passed) to beneficiaries named in their last will. 

With that in mind, having a probate lawyer by your side is essential. The last thing you want to do is deal with the legal complexities of settling a loved one’s estate while grieving. A probate lawyer oversees the validation of the deceased’s will and the fair distribution of assets among family members. One challenge lies in finding a top-quality probate lawyer.

In this guide to hiring a probate attorney in Chicago, we’ll discuss the tips to identify the right legal professional for probate proceedings. 

Understand the Responsibilities of a Probate Lawyer

It’s difficult to hire a talented probate lawyer when you don’t know what they do: Start by understanding the roles they play. 

When you work with a Chicago probate lawyer, some tasks they might do include: 

  • Act as an estate executor or administrator 
  • Collect proceeds from the life insurance policies of the deceased
  • Identify and secure the decedent’s assets
  • Get an appraisal for the deceased’s estate
  • Pay debts and resolve estate tax issues
  • Prepare and file documents required in probate court
  • Transfer assets to rightful heirs
  • Represent you in litigation proceedings if someone challenges or contests the will

A probate lawyer could also help you and your family navigate state inheritance laws if a loved one dies without a valid will. That way, you can avoid unnecessary taxes or other ramifications of not creating a will, such as losing ownership rights of the deceased’s business or financial support.

Search for Lawyers Online and Offline

You’re probably thinking, where do I find the best lawyer to hire? You could seek referrals from friends or colleagues. Friends who worked with probate attorneys before might provide important details, such as how the lawyers communicate and handle the probate process. 

Alternatively, do a simple online search using the terms “probate lawyer near me” or “probate attorney in Chicago.” Go through various websites or online directories and write names of lawyers with positive ratings and customer testimonials. Then, contact the potential lawyers to set up free consultations. Note that not all legal professionals offer free consultations, so make sure to ask before setting a time in your calendar. 

Ask the Right Questions

A free consultation provides opportunities to ask questions to better understand if the lawyers in question have the qualifications to handle your probate case. 

Four questions you might ask attorneys during the initial meeting may include:

  1. Do You Have Experience in Probate Law? 

When evaluating lawyers, prioritize experience. An experienced probate lawyer is aware of common pitfalls that can result in the probate petition being postponed or dropped by a judge. To feel more comfortable about an attorney’s expertise, ask them if they’ve handled probate cases similar to yours before. 

For example, let’s say the deceased owned a substantial estate or had complicated assets like royalties and mineral stocks. Working with an attorney with a track record of successfully handling cases like that could save you time and money in the long run.

  1. What Do Other Clients Say About You?

Experience alone doesn’t make a probate lawyer perfect for your case. Look for someone with an outstanding reputation. These reviews likely live on Google next to their business profile or are featured on their website. If you can’t find any endorsements, ask for testimonials written by past clients. 

One point to focus on is what reviewers say about the lawyer’s efficiency and speed. Beyond that, does the lawyer offer expert guidance, conflict mitigation, and proper asset management during probate? 

A probate attorney in Chicago, IL, should be an efficient expert in asset preservation. This can be crucial to helping avoid hefty taxes and excessive debt claims. Additionally, if the lawyer receives positive feedback on conflict mitigation, it suggests they have experience in resolving or mitigating family conflicts that tend to stall the probate process. 

  1. How Long Does Probate Last? 

One way to test a probate lawyer’s knowledge is by asking them, “How long does probate last?” While the numbers vary, probate can last for a few months to over a year in many states, including Chicago. When highlighting factors that affect the duration of probate, your counsel might mention things like estate size, family disputes, debt and taxes, absence of a will, and state laws.

A knowledgeable lawyer can explain clearly why your probate case could last a few months or even years. A lawyer that makes too brazen or hard-set of promises might not be the most honest. 

  1. How Do You Want Us To Communicate? 

There’s no hard rule on how you and your probate attorney communicate. You can talk via text messages, email, video calls, or phone calls. More importantly, check that the attorney communicates in simple language to help you understand your case. 

In fact, one essential of a lawyer’s dos and don’ts to gaining clients’ trust is to avoid making clients feel clueless. If a potential lawyer uses complex legal terms or avoids communicating directly, search for probate services elsewhere.

Conclusion: Finding a Probate Attorney in Chicago

Reviewing the will of a loved one after their death and ensuring fair distribution of their assets often involves complex legal issues. For this reason, consider hiring an attorney who specializes in probate law. 

To maximize your chances of finding the right probate lawyer, familiarize yourself with their responsibilities. Next, search online for lawyers within your state or ask for recommendations from people you trust. Then, interview prospects to help ensure they possess experience, a remarkable reputation, communication skills, and knowledge of probate law.

Settling the affairs of a loved one who has passed on can be an overwhelming time. A probate attorney can help lift some of the pressure off your shoulders as you focus on grieving and healing. 

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