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Real estate has traditionally been a good opportunity for women. More than 65 percent of real estate agents are women. The flexibility and higher than average income was a draw to career-minded mothers long before flex-time and family benefits were even considered in other industries. Yet, historically, the top management spots were held by men. All of that has changed.
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Another situation stemming from the deteriorating housing market in the once-hot housing market in South Florida is a case against a group of real estate practitioners for the three percent commission paid them on 24 condos prior to the sale. (Prior to the sale? That certainly wasn’t happening here in Ohio.)

The sales failed to close or the buyers defaulted and the condo developer is suing for the money paid to these brokers. The brokers are countersuing saying that it was the developer’s fault that the sales fell through. To make the situation even murkier, the contract with the brokers doesn’t spell out what happens to the commission if the event the sale does not materialize. In addition, many of the individual agents to whom to money was distributed, no longer work for the brokerages.

To read, the whole story, see this post by “Realty Magazine.”

Well, All Property Management, LLC was audited by the Washington Real Estate Commission yesterday - and it wasn’t awful at all! I knew an audit was bound to happen sooner or later, but hadn’t expected it this soon (I just got my broker’s license in December 2006).

Just hearing the word “audit” sent a shock wave of adrenaline into my system when I got the call to head into the office because the auditor was on-site (it’s summer, and I was at home with my seven year old daughter) . Of course, to say I tend to worry a wee bit too much about things would be an understatement. That’s why I’m not a lawyer anymore. (more…)

Here’s a practical problem we at allpropertymanagement.com face everyday:

We do advertising and marketing for property management companies, and we want our site to be a credible and reliable one. So, while we’re not aware of any print media, such as the Yellowpages, doing this, we require our client’s advertising on our site to sign a statement that they have met all licensure requirements for their business.

Despite this assurance, we strongly recommend that anyone using the site check with their local real estate commission to make sure the company they work with has the proper licensure and that there are no disciplinary actions against them. (more…)