August 2009

There are 2 blog entries for August 2009.

What's the difference between an Agent, Salesperson, RealtorĀ®, and a Broker?I deal with many clients who are unfamiliar with different aspects of the home buying process including the terms that go with it. Sometimes people say my realtor, or my agent, or whatever. In today's blog, I am going to explain the difference between all of these titles.

Agent/Salesperson The terms agent and salesperson are interchangeable. To become a licensed salesperson in Massachusetts, you have to be 18 years of age or older, and you must complete a 24 hour classroom course prior to taking the state exam. If you pass that exam, you become a licensed salesperson in Massachusetts. As a salesperson, to practice real estate and be paid commissions, you must work under a real estate broker. There is no actual work experience required to become a

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Selling in BostonToday I decided to do some research and see what price ranges are really selling in Boston. My guess is it's properties in the $300,000-$400,000, but I'll let the data do the talking. According to MLS, 1156 condos have sold in Boston in the last 3 months. For MLS purposes, "Boston" includes Allston, Back Bay, Beacon Hill, Brighton, Charlestown, Chinatown, Dorchester, East Boston, Financial District, Hyde Park, Jamaica Plain, Leather District, Midtown, North End, Seaport District, South End, South Boston, The Fenway, Theatre District, and the Waterfront.

Now for the data. If you click "What's Selling in Boston", a PDF should pop up with the full list of sales. Not surprisingly, the most active price point was $300,000-$400,000 which had 306 condo sales.

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