Please note: This article is provided for helpful purposes but should not be considered legal advice.
With the exception of a few times in our history, real estate has always been one of the best investments out there. Whether it is a single-family home or a complex, you can’t go wrong with investing in real estate. So, to get involved in this extraordinary market, there are different questions that people who are interested in this market have. And thus, the following includes real estate FAQs and their answers:
Are real estate agents self-employed
Most real estate agents are self-employed. They can set their own schedules even though the hours are often irregular. Other than that, other real estate agents work for companies. When they work for a real estate company, they pretty much have a certain level of freedom in handling their jobs, but they still must abide by the company’s constraints.
Are real estate deposits refundable
It depends. First, it’s vital to read the contract to see the bottom line concerning the refund of the deposit because you may or may not be able to get a refund. Even if the buyer is displeased with the home inspection, he/she can’t get the deposit unless the seller agrees to the deposit refund. The seller can deny the deposit release if he/she feels the buyer didn’t act in good faith in attempting to satisfy the condition whether it is a condo status certificate, financing, or a home inspection.