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  • Income Of Realtors Are Rising As Sales Pick Up

    Things are looking up for real estate agents. And it goes all the way to their pockets.

    According to the 2014 National Association of Realtors Member Profile, income and sales volume of real estate grew for the third year in a row as home prices went up by 11.5% from a year ago.

    The survey also found an increase in new and younger members to NAR in 2013.

    The survey's results are representative of the nation's Realtors; members of NAR account for about half of the approximately two million active real estate licensees in the U.S. Many non-member licensees are inactive or part time. Realtors go beyond state licensing requirements by subscribing to NAR's Code of Ethics and Standards of Practice and committing to continuing education. NAR members also have access to professional resources to better serve their clients' needs.

    Lawrence Yun , NAR chief economist, said recovery in the housing market since the downturn continues to improve the earnings of real estate professionals. "Fueled mostly by rising home sales and prices, the median gross income of a Realtor® increased to $47,700 in 2013 from $43,500 in 2012, marking a 9.6 percent rise and a sharp gain from $34,900 in 2011," he said. "Although the median number of transactions or commercial deals remained unchanged from last year at 12, this marked a continued return to pre-recession levels after bottoming out at seven transactions in 2008 and 2009."

    There are two sides to every real estate transaction - one each for the seller and the buyer. As expected, median gross income and number of transactions generally increases with experience. Last year, NAR members in business for more than 16 years earned $70,200 and made 15 transactions. On the contrary, those with three-to-five years earned less than half that amount ($30,100) and had 10 transactions. Incomes also varied by license type, as members licensed as brokers earned $66,300 in 2013, while the median earnings for sales agents increased $1,000 from the previous year to $35,000.

    Last year also brought an influx of new and younger members to NAR. Years of experience in real estate decreased to 12 years from 13 years in 2012; the typical tenure at a firm decreased to six years from seven years; and the age of members decreased to 56 years from 57 years. Three percent of all Realtors ® are under 30 years of age, 16 percent are between ages 30 and 44, and 24 percent are 65 and older.

    "Realtors bring value to buyers and sellers, help build communities, and encourage responsible homeownership behaviors," said NAR President Steve Brown, co-owner of Irongate, Inc., Realtors in Dayton, Ohio. "The fact that the number of members with one year or less of experience rose to 9 percent in 2013 from 5 percent the year before shows that those agents getting into the field are attracted to the many benefits and business opportunities that come with being a Realtor."

    The typical NAR member works 40 hours per week. Women represent 57 percent of all members, accounting for 53 percent of brokers and 62 percent of sales agents. More than three-quarters of all Realtors cite real estate as their only occupation, and 82 percent (up two percent from last year) are certain they will remain in the business for at least two more years. This share is higher than the previous two years, indicating the optimism that's seen in today's market.

    Most members - 57 percent - are licensed as sales agents; 26 percent are brokers, 17 percent broker associates and 3 percent appraisers (some hold more than one license). Thirteen percent of members have one personal assistant, while 3 percent have two or more personal assistants.

    Data from the NAR showed that the median age of its real estate agents is 52. It also added that only 5 percent of their members report selling real estate as their first job," according to the Life Reimagined for Work website. It only goes to show that it's never too late to get started in real estate.

    Those who have just begun their career path in real estate can depend on real estate technologies to make their first home sale easier. Realbiz Media Group, Inc. (OTCQB: RBIZ) develops proprietary video marketing software that agents and their brokers can use to promote their virtual tour listings online. The company offers a Virtual Tour Program that allows real estate sellers to create virtual tours and presentations that are optimized for mobile viewing and could be syndicated through social media for only $29.95 a month.

    The program is equipped with a video search engine optimization (VSEO) tool that automatically generate meta tags and descriptions for virtual tours and listings agents have uploaded to the platform so that they would be found easily by consumers online.

    The program also has tools for creating QR codes, e-flyers, and seller reports as bonus features.

    To learn more about Realbiz Media and its products, contact sales@realbizmediagroup.com or call 1.888.REAL.BIZ (888.732.5249).

    Tags: RBIZ
    Sep 05 3:39 PM | Link | Comment!
  • Actor Ryan Corr's Career At Risk After He Was Caught With Heroin

    (click to enlarge)

    Ryan Corr, the star of The Rafters, almost lost his Hollywood career after he was caught in May with heroin in a Bondi laneway. Early this week, he saved his acting career and narrowly escaped conviction after the judge gave him a second chance.

    Magistrate Julie Huber instead gave the 25-year-old actor a 12-month good behavior bond, normally given to first-time violators of a minor drug possession offence. The maximum penalty for that offence is two years prison term.

    A conviction would result in the actor being banned from entering other countries where he could possibly shoot movies.

    The judge admonished Corr, who filed a guilty plea, not to repeat his offence or "do anything stupid again." She told Corr, "It is quite clear that you are a young man with a long, successful acting career and there is nothing to suggest that career won't continue."

    The actor told the Waverley Court that he was then at a vulnerable state when he checked in at a hotel on Fletcher Street where he was given a pack of heroin. The man from where the illegal drug came told him, "Here, have this, you'll feel better."

    The freezer bag yielded 0.26 grams of heroin powder when he was apprehended in Castlefield Lane, located 200 meters from his hotel. That amount is about the size of half a Panadol, the actor's lawyer, Chris Murphy, said.

    Corrs said a few days before he was arrested that his grandfather, who was his companion to movie and TV shootings, had a heart attack and lapsed into a coma.

    Murphy said that Corr is grateful for being busted because he vowed never to try heroin again. The May incident was his first and last attempt, Corr said, adding he never took the drugs.

    His good behavior bond paves the ways for Corr to return to the filming of his next movie, The Water Diviner, directed by actor Russell Crowe. The film is slated to be released on Dec 26.

    The young actor has obviously learned his lessons the hard way, but other heroin users haven't. However, there is still hope for heroin addicts.

    BioCorRx, Inc. (OTCQB: BICX)has developed an innovative approach to alcohol and opioid abuse treatment called the Start Fresh Program that is believed by some experts to be a "game-changer" in the rehabilitation sector. The Start Fresh Program is a two-tiered program used by local addiction clinics across the United States which involves an outpatient medical procedure and psycho-social coaching.

    BioCoRx's first component involves an outpatient medical procedure to embed a biodegradable naltrexone implant under the abdominal skin and fatty tissue. The implant then delivers therapeutic levels of the antagonist drug, naltrexone, into the bloodstream which can curb one's cravings for alcohol or opioids.

    The second tier of the program involves a private, one-on-one coaching program to address the specific needs of the alcoholics and addicts, as well as to help him or her plan for a life free from substance abuse.

    Learn more information about the Start Fresh Program and about possible investment opportunities with BioCorRx, Inc. by visiting its new investor relations website BICXcorp.com.

    Tags: BICX
    Sep 05 3:24 PM | Link | Comment!
  • Mortgage Choice Act To Boost U.S. Housing Market

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    The National Association of Realtors, America's largest trade association, representing one million members involved in all aspects of the residential and commercial real estate industries, welcomed the passage of the Mortgage Choice Act by Congress.

    Steve Brown, president of NAR said in a statement, "The Mortgage Choice Act that passed the U.S. House of Representatives last night importantly redefines a provision in the Ability-to-Repay rules that limits mortgage fees and points to three percent in order for home loans to be considered Qualified Mortgages."

    He added that the provision unfairly prevents brokers and affiliated lenders from making QM loans because their joint venture services are collectively counted against the cap, while individual services from large retail financial institutions are each capped separately.

    He went on to say, "The Mortgage Choice Act treats affiliated and non-affiliated service providers the same way under the rule while still protecting borrowers from risky loan products. Realtors will continue to advocate for this legislation to clarify the QM rules as it moves to the U.S. Senate.

    With the passage of the new law, realtors are expecting more people to relocate to other cities, particularly so-called millennials who are looking for dwelling spaces in urban locations across America mostly prefer to rent, but those with money to spare are in luck as a new report from CNN Money has narrowed choices down for them.

    Millenians looking for their first homes could conduct their searches online. Nestbuilder.com is among the top property listings destination where they can search for licensed agents that can help them find their first dream home in the said cities.

    The locations were chosen based on job growth, which mostly ranges between 1.5 percent (Minneapolis) and 4.2 percent (Austin) annually, and median home prices mostly ranging between $123,000 and $340,000 (Seattle). The cities were also chosen based on business climate, booming industries, and tendency to become a "millennial hotspot."

    Nestbuilder.com is a property listings site developed by Florida-based digital media company RealBiz Media Group, Inc. (OTCQB: RBIZ). Launched early this year, the website accommodates over 350,000 real estate agent accounts, not to mention 1.6 million video listings.

    Each individual listing page on Nestbuilder.com features a professional virtual tour of the property with audio commentaries, an overview of the property and a map to pinpoint to buyers the property's exact location. The page is also equipped with social media integration functionalities allowing agents and consumers to save the page for reading later or for friends and people within their network to see on Facebook, Twitter, Pinterest and Google Plus.

    The company's mission is to empower agents with the right video marketing tools as homebuyer's online shopping habits evolve. The company manages to achieve this through its roster of disruptive video technologies such as video content management system Microvideo App, its website-based marketing tool NestBuilder Agent, and its mobile video app called EzFlix.

    The Microvideo App is a platform targeted at brokerage firms allowing brokers and their agents to collaborate in creating listing video microsites and executing marketing campaigns.

    Nestbuilder Agent is a tool that is accessible through listing site Nestbuilder.com and allows agents to create professional agent profiles and virtual tours out of listing photos. These tours can be shared automatically to the agent's network through social media platforms and email.

    EzFlix is a smartphone app that allows agents to create, edit, and share their property videos through their tablets or mobile phones. It appears like a social network and is easy to use with drag and drop functionalities, and a timeline that keep all agents' listing photos and videos in one place.

    "It is gratifying to see our services being adopted by key players in the real estate industry," said Realbiz Media CEO William Kerby.

    RealBiz has access to the nation's largest real estate companies with numerous approved vendors and national contracts, both key to its future development programs. When completed, the company is targeting distribution of its digital video network to more than 70 million households and an agent driven MicroVideo App program. For more information, please dial this toll free number at 1.888.REAL.BIZ (888.732.5249) or email at support@rbm.zendesk.com.

    Tags: RBIZ
    Sep 03 12:47 PM | Link | Comment!
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