Thursday, February 26, 2009

In the event that a buyer

In the event that a buyer’s agent brings a buyer, the discount agent will charge the seller 3.5%. You’ll remember from earlier when we talked about how agents get paid, I mentioned that the listing agent splits the commission with the buyer’s agent. This means that the buyer’s agent will earn a 2.5% commission which is a bit less than the 3% he would earn from most other transactions. For this reason, some agents my not be as quick to show the listing knowing that they stand to earn a smaller paycheck. Sad but true. On top of that, because these agents work for such a discount, their services are severely limited. Most buyer’s agents realize they will end up doing most of the work (that the listing agent should be helping with). With these two issues combined, a good majority of the buyer’s agents will avoid showing a discount agent’s listings simply to avoid the potential headaches.

In the event that the agent represents

In the event that the agent represents both the buyer and the seller, then he would keep both sides of the commission.


Discount Agents: Who Needs Them?
There is a breed of agents out there who are known as discount agents. You may see their ads in the newspapers claiming they will sell your home for only 1% commission instead of the 6% that myself and most other agents charge. The phrases “Buyer beware” and “You get what you pay for” come to mind here. When you read the fine print, you will find that they will only charge 1% if they represent both the buyer and the seller.

Let’s use an example

Let’s use an example of a $300,000 home and a six percent commission and there is an agent that represents the seller and one that represents the buyer. At the close of escrow, from the proceeds of the sale of the property, the escrow company will write a check to both agents for $9,000. Then, at some offices, the agent pays a split of the commission to the broker. The broker is usually the owner of the individual company that the agent works for. The split that goes to the broker is used to pay for the broker’s overhead. Say there is an agent who splits his commission with the broker on an 80/20 level, and then the agent would keep $7,200 of the total. From this money, the agent pays for advertising expenses, errors and omissions insurance as well as gas for driving the client to houses to see and many other expenses that occurred along the way not to mention his time.

How Do Realtors Get Paid?

How Do Realtors Get Paid?
After seeing a magician perform a fantastic illusion, I asked him, “How did you do that?”
“Very well,” he replied.
When a Realtor takes a listing, he and the seller agree to a certain percentage of the sales price of the house to be paid to the listing agent. The listing agent will be paid from the proceeds of the sale. In the event that a different agent shows the property to a buyer and they enter into escrow, after the close of escrow that commission is split with the buyer’s agent. If the listing agent also has the buyer’s side, he will keep the entire commission for himself.

Wednesday, February 25, 2009

https://www.713training.com/intak

https://www.713training.com/intake_forms 713Training.Com provides client intake forms that are well-detailed and are designed to flag potential problems before the petition is filed.


Additionally, since the clients had already been provided with the list of documents to bring with them to the intake interview, the intake process flowed much more smoothly compared to the old method we used to use. Before using virtual bankruptcy assistants, I was losing a lot of time. The paralegal would spend from 1 to 2 hours getting the intake information and now this time was automatically eliminated.
If the clients did all their homework correctly, the intake process took approximately 30 minutes or less.
Total time invested by the law firm so far = 30 minutes
During the initial intake interview, the only tasks the paralegal (or secretary) needed to perform were:
a. Making copies of the documents the clients brought with them for the file and returning the originals to the clients. Clients should also be encouraged to keep their own file at home which contains all the documentation pertaining to their case. This helps to

ny questions

ny questions, sign a Retainer Agreement and collect the attorney and filing fees.
As the attorney, I also looked over the client's income and expense pages from the client intake forms to try and determine if these clients would "probably" be a Chapter 7 or a Chapter 13 case. Of course I am not always correct in my analysis, but many times I am. This allowed me to better estimate the total attorney fees. If I knew someone could potentially become a Chapter 13 client, I would alert them of this possibility and warn them of additional attorney fees if this situation occurred.
For Chapter 7 cases that became Chapter 13s (according to the Means Test) I would collect the entire attorney and filing fee for a Chapter 7 at the initial intake. When and if the case turned out to be a Chapter 13, I called the clients and collected any additional monies. This way, the clients normally did not complain since they had been forewarned in the initial client intake interview of this possibility.
k.
Divorce Decree or Separation Agreement if the clients had been involved in a divorce within the past one (1) year;

l.
Copies of the last statement from any retirement accounts; and

m.
Copies of bank statements, stock certificates, bonds, credit union and passbook savings accounts from the past six (6) months;


3. After these documents were gathered, the clients called the office and set up an appointment. At this appointment, I personally met with them to answer

Most virtual assistants often have office equipment
that is superior to some law firms — and the knowledge
to use it to save their attorney clients the most money.

Some attorneys turn away bankruptcy cases every day

Some attorneys turn away bankruptcy cases every day
due to the changes in the new bankruptcy law.
With a trained virtual bankruptcy assistant,
the process is minimized for the attorney.



h.
Copies of any lawsuits the clients had been involved in within the past two (2) years;

i.
Copies of all life insurance policies;

j.
Copies of federal income tax returns for the past two (2) years;

Monday, February 23, 2009

To find out more, I purchased her book

To find out more, I purchased her book: "How to
Start a Virtual Bankruptcy Assistant Service" (ISBN:
0976159171.) It was one of the best training manuals


How to Start a Virtual Bankruptcy Assistant Service

(a training manual for attorneys, paralegals and
other legal professionals working in debtor bankruptcy)
ISBN: 0-9761591-7-1

Matt: Did the paralegal who started The Lawyer

Matt: Did the paralegal who started The Lawyer
Assistant actually develop the concept of the "virtual
bankruptcy assistant"? It sounds like she is another
"Erin Brockovich"?

Dennis: I was curious myself so I called her on
the telephone one day. After speaking with Victoria
Ring, I was convinced that she is definitely another
Erin Brockovich (except she doesn't use fowl
language.) In fact, I was so impressed that I offered
her a job working for me to help build my bankruptcy
practice. However, she explained that she had a strong
dedication to the goal of training others rather than
going back to the 9:00 to 5:00 world.

Victoria Ring, Certified Paralegal

Victoria Ring, Certified Paralegal

Developer of The Lawyer Assistant and 713Training.Com


How to Increase Profits for Your Law Firm

written by http://www.713training.com

Page51
clients. In debtor bankruptcy law an attorney normally
has "John Doe public" as clients. There is a big
difference between the two when it comes to money,
power and prestige.

Saturday, February 21, 2009

When a trader is trading online

When a trader is trading online, he makes choices based on his own
research and there is no broker to advice and confirm his
order. Consequently, it is extremely important that online traders
competency in operating their online stock trading software as it is
common for traders to have pressed the buy button instead of the sell
on their online trading software by mistake.

Try out the online trading system first before choosing your online
broker; I am sure that you can find one that you are comfortable with
before starting out to trade with your money. Most online brokers offer
the use of a virtual account where you can practice and sharpen you
trading skills.

Past earnings records do not guarantees future

estimates. Past earnings records do not guarantees future
performances. Very unfavourable risk / reward ratio. All the odds are
against you.

“An important key to investing is to remember that stocks are
not lottery tickets” – Peter Lynch

Completing your learning curve

There are definitely advantages to online trading, but as an individual
trader you will have your learning curve in becoming an online trader.
You’ll need more than basic computer skills if you want to excel in your
trading as some of the online trading software may be quite
complicated if you only have basic computer knowledge.

Addictions

3. Addictions –You will be obsessed in finding jackpot
trades. The amount of excitements you get out of the one
strike of a chance winner can get you addicted. Just like
drugs, addicts are after the “high” effect.
4. Mood Swings – the emotional implications are just too
dangerous for anyone to handle. It can affect your life and
family. The amount of stress can be damaging to your
health as it screws up your mind. You will develop an
“irritability” personality and become an angry or
impatient person.
The truth about earnings is that they are very difficult to predict. Even
companies themselves often are unable to forecast their future
accurately. They take measures to ensure their earnings are right on
target. What most investors don’t know is that companies sometimes
“manage” their earnings to meet analysts’ expectations and we should
not give them more respect than they deserve when assessing their