How to Make Becoming a Real Estate Sales Agent Work for Your Lifestyle

Before taking any commitment to become a new real estate sales agent (also known as a realtor), it is good to rethink. Once you are into it, you can’t get out of it.

By mistake, if you take the wrong decision at the right time of your career, your priceless time and money invested will be wasted and you’ll end up frustrated.

So, only with strong determination and commitment, you should start your career in real estate, only you will you be able to withstand in any situation.

You may have many questions in this regard because you are new to this field. Let me help you to give a quick glance at the realtor outlook and the status of the housing industry, to sum up, your thoughts.

Real estate industry is huge and the market tends to run in crazy cycles. Sometimes the business will be brisk and sometimes the commercial and residential sales could be dead or slow for your first year or more.

Is now the best time to start a real estate career, or should you consider waiting until the market changes?

Here are the few things to think about and consider before taking the decision:

Understanding the market:

Real estate is by definition termed as a local business. Whoever wants to buy residential or commercial properties will approach the realtor.

The outlook varies from location to location and real estate market overall depends or upswing nationally.

If you want to become a successful real estate sales agent, immerse yourself as a local in a particular area and get connected with active agents and brokers around.

Enquire and collect data or information from the locals and agents about what are average past housing prices?

How many residential properties were actually closed in the past month or so and how can compare with the sales in that same month previous year?

How many real estate agents are operating or working in a particular area or market?

Try to approach them and gather the insights and their experiences in this regard.

Surely, you will get support and guidance about the actual business and the real estate sales agent position.

To start your career in any field is your personal interest and decision

You might consider this career to balance work life without disturbing personal & family life. Also, before you dive into real estate, you can be independent of many professional opinions about the real estate market.

Can you give time to spend with family and have leisure?

Are you already working a full-time job that will have additional demands?

It is very important to spend time with family which is the core strength of life. Even though we work hard for them, we have to spend time with them, if not relations may become mechanical and we become money vending machines.

Don’t pack your daily schedule with numerous jobs that you may miss valuable moments of life.

Are you honestly financially strong enough now and ready to make the giant leap? Do you have the commitment and drive to invest your valuable time and energy?

Can you be your own boss and be self-motivated?

Real estate always fluctuates according to the market values. Sometimes it will be an economic boom or sometimes a loss and vice versa.

So, before you get registered with an online Texas real estate school and study to get your real estate license, make sure to evaluate your mental toughness, personal strengths and weakness, make a plan of your actual financial goals, and take out the negativity, weigh all that against the market outlook, and take a step ahead with a cool mind.

How To Find The Right Product Liability Insurance Policy

Product liability insurance can be included among the concerns and needs that all businesses, small and large, have when it comes to working with products.

This type of policy is a necessity when it comes to protecting the financial future and the hard-earned profits of such businesses.

If you are searching for a company that can offer assistance in securing appropriate product liability insurance for your business, you need to be aware of a few things.

Keep in mind that there are various types of liability you can face, and you need a policy that best fits your business.

You may also think about consulting a lawyer, who can provide professional legal advice that would best suit your unique needs.

Consulting a lawyer or an insurance broker may offer you more solutions and credible options, as compared to searching for answers on your own.

Once you are done with determining the type of the insurance policy you want to have, you must select the type of plan that best suits you. Every insurance policy offers you numerous options with varying benefits.

It’s important to choose whichever best fits your situation.

It is highly recommended that you take your time to do some preliminary research about the available options.

Taking professional advice becomes highly significant, here, because this is the position where you desire to minimize the risks.

The basic purpose of product liability insurance is to provide protection to a company from losing its assets in a lawsuit due to accidental circumstances.

The company involved usually extends services in the distribution, manufacturing, and sales of a product. Now, although product liability insurance is to protect your business, yet, you must gather all the required information before proceeding with it.

When you are in business, there are several situations that may call for a need to get product liability insurance. There are circumstances that may make a company more vulnerable to unwanted damage due to lawsuits.

Products may have to face some defects during the manufacturing process; however, this is very unlikely to be intentional. Moreover, sometimes, carelessness may also result in damage infliction on the products.

Now, if a damaged product lands in the hands of a customer, the company may have to bear further consequences. The person receiving that damaged product may assert that the company has been responsible for that, and this may initiate trouble for the company. There are different types of liabilities, such as, those that result from damage of property or those that arise due to personal injury or neglect on part of the company.

Therefore, companies must go for product liability insurance because there is a lot of risk in the present-day business market.

There are several general insurance plans that may offer limited coverage for the companies; however, they are not as useful as the holistic product liability insurance. Therefore, having product liability insurance may actually play the role of a savior.

A Look at the Core Areas of Focus to Become Real Estate Salesperson

If you want to become a successful real estate agent then you should have known not only in real estate field but also in the associated fields like law, contracts, management, economics, marketing, and finance.

There are many organizations which will help you to become more effective and productive in this field by covering all major fields in real estate.

Real Estate Education

Obviously, you should select real estate education as your focus, when you are aiming to become a realtor. It is very important to under the core objective of being a realtor and duties involved in it.  The best way to do this is by signing up with an online real estate school such as

Majoring in the core subject along with the comprehensive courses helps to give you a thorough understanding related to the field. Going through the class work you gain knowledge in real estate analysis, finance, and investment & more.

You will gain a vast knowledge on all the technical aspects, virtually related all the major things related to the real estate.

Educating in the concerned field is very much important and real estate as a major help to employ critical thinking skills and develop the ability to manage financial matters like risk and investment. Also, helps to analyze different aspects of real estate trends.

Laws and Contracts

You should be aware of all the terms associated while doing a real estate transaction.

When selling a house you should know the state laws, civil structure rules and regulations, whether the house is bound to any contracts, codes of ethics etc. So that you can minimize the risk while making deals.

Marketing and Finance

It is no surprise that a realtor job revolves around the finances. Even if you take finance as a major they will be closely related to real estate concepts regardless, they may go into that field or not.

So, when you learn the concept of finance, you will take the classes about financial planning and marketing, financial marketing, economics. With this, you can enhance the professional skills that help you to become a successful realtor.

Business Management

Learning business management plays a key role for real estate students to become more adaptive in management and leadership which is crucial to face the highly competitive real estate market.

Concepts covered in business management are finance, micro, and macroeconomics, accounting and marketing, all are very important for you as a realtor student.

Economics helps the real estate student to develop the skills in communication, problem-solving, statistics, interpreting data, and research about current real estate scenario, analysis of market trends.

Learning the concept of economics will develop strong command over the real estate.

The Eligibility and Education Requirements for Acquiring a Real Estate License

All we need is a clear background record and some minimum eligibilities such as age and educational requirements.

If there are no offenses, we will easily get you through the background check. There are some important points concerning eligibility:

For an inactive real estate license, the applicant should be:

1) Aged eighteen or older
2) A U.S. citizen
3) A resident of Texas
4) Competent

The applicant must also satisfy the real estate commission concerning honesty, trustworthiness, and integrity.

Even when there is a change in adult/minor status, the age requirement remains the same, i.e. according to Texas law, women who marry younger than 18 are no longer minors, but to obtain real estate sales agent license married women should be 18 regardless. Only then can they can apply for a real estate license. In contrast, competency is determined solely by the applicant’s score in the qualifying exam.

Along with the above eligibility, an applicant must meet the education requirements mentioned below.

Every applicant must complete a minimum of 180 classroom hours of specific qualifying coursework. Check the following list of required real estate courses with minimum classroom hours that must be completed for each subject in order to obtain the license.

i) Principles of Real Estate I (30 classroom hours)
ii) Principles of Real Estate II (30 classroom hours)
iii) Law of Agency (30 classroom hours)
iv) Law of Contracts (30 classroom hours)
v) Promulgated Contract Forms (30 classroom hours)
vi) Real Estate Finance (30 classroom hours)

Once the coursework is completed, i.e. 180 classroom hours, the applicant should submit proof with their application for an inactive real estate sales agent license. Only then is the applicant will eligible to take the license exam. There will be no points for taking the same qualifying real estate course more than once within any two-year period.

There are two ways to complete the classroom hours. According to the applicant feasibility, they can choose either or both ways to complete the course.

Classroom hours versus semester hours

Actually, one semester hour is equal to 15 classroom hours. Therefore, if the applicant completes a three-hour semester course, it is equal to 45 classroom hours.

Classroom hours versus quarter hours

A one-quarter hour is equal to ten classroom hours. Therefore, if the applicant completes a three-hour course under the quarter system, it is equal to 30 classroom hours.

Most of the qualifying educational organizations provide courses on the basis of class hours. Whether an applicant completes a real estate course through classroom hours, semester hours, or quarter hours, they still need to convert the total as a whole to meet the complete 180 classroom hours.

The commission will accept any combination of classroom hours, semester hours, or quarter hours to fulfill education requirements. The commission reduces all completed real estate coursework to a class-hour basis while checking the applicant’s education requirements.

The commission also waivers education requirements for some applicants who have been licensed in Texas as a real estate broker or a sales agent within the six months preceding the date of application.

However, if the prior license was for a real estate sales agent and not a real estate broker, the applicant must show the proof of successfully completing the same coursework, which is required to obtain the license without interruption during the same period.

Nowadays, it is easy to obtain a real estate sales agent license with the help of a real estate school like

The Importance of Product Liability Insurance in a Manufacturing Business

Selling products can present special problems if you don’t have proper product liability insurance coverage. There is an increasingly high cost of court awards of damages and because of the public high expectations of product safety and physician performance. An additional problem for product liability insurance is that the courts have tended to award damages even in cases where the product was willfully misused.

To help you reduce the risk of sourcing products in China, Alibaba and AIU branches in China have worked together to provide export product liability insurance solutions, as well as educational workshops to China’s small to medium-sized enterprises (SME). By providing you and your suppliers with insurance from a leading U.S. insurance carrier at competitive terms and conditions, we will help you purchase more products in China with less risk.

Business Product Liability Insurance is the very important aspect to be considered when you are going to start a new small business. Even the new businessmen should take notice of it if they want to secure their business.

Liability insurance for products means insuring the products, goods manufactured by your company which other people will use.

For example, if your company manufactures power regulating devices and somehow that device fails and causes damage to the property of the person who has bought it, then the person can file a claim in the name your company against the damages done.

However, if your products are insured, then the insurance company will take care of the damages done. Even if you follow best practices in your manufacturing unit, it is always advisable to go for product liability insurance. One can never tell when the worse is going to happen. Your products can get damaged because of breaking, poor shipping, but ultimately you will be at the losing end if your small business product liability insurance is not done.

Running a manufacturing unit is not that easy. The product before finding itself in the hands of customer passes through many hands and you cant say when the product is damaged. Once a customer receives a faulty product, causing damages to his or her property, you can find yourself in a very awkward position knowing nothing but being responsible for the damages indirectly. To ensure your safe financial position in those hard times, products liability insurance can do the magic trick for you.

The Importance of Products Liability Insurance for Product Businesses

Products liability insurance protects businesses from the consumer claims of possible negative effects of their product or service.

The main examples of these claims include manufacturing or production flaws, design defects, and defective warnings or instructions.

With product liability coverage, manufacturing plants will not be held responsible for harmful chemicals that are created in part due to the production process. Also, with the insurance, companies will not have to face consequences associated with an unsafe design plan. Basically, this insurance states that the business is supplying a product but the consumer must use it at their own risk.

This insurance is important because, without it, companies could be held liable for situations that would cost the company millions of dollars, essentially ruining the company. Often, re-sellers, gray market commercial sellers, and retailers fail to secure this coverage. They think that because they don’t make the product, they are not liable, but that thinking is wrong.

Many wholesalers are often brought into a lawsuit for alleged negligence by the consumer. Most states follow the idea that if you helped supply the product to the public then you are responsible for that products outcome. If your company provides any products to the consuming public, then your company needs product liability coverage.

Go here to get more information on product liability or to apply for coverage from an agency that specializes in protecting companies just like yours.

What Falls Under Your Product Liability Insurance Coverage Policy?

It is not advisable for you to get product liability insurance coverage for your products and then proceed to fold your arms and leave it at that; as if you haven’t a care in the world. Insurance policies exist to protect you against financial losses associated with defects beyond your control, but they do NOT absolve you of the duty of care you owe your consumers to do all you can to ensure they can safely use your product.

Insurance policies only cover damages resulting from defects that were bound to escape detection by quality control.

Coverable costs do not only include punitive damages awarded to plaintiffs; they also go further to include all legal expenses used in the business’s defense. Financial costs that arise where the quality of product concerned is found to be below industry, or generally accepted standards, do not fall under product liability insurance coverage.

Before issuing your business product liability insurance coverage it is customary practice for an insurance company to run checks on your production processes, human resources, and equipment to ensure they are up to standard. So you might not be able to even get any insurance at all if your products are your business is not acting in accordance with good standard practice.

Learn more about product liability insurance, from SADLER If the insurance company can prove that the defect in question was caused in any way by avoidable negligence on your part, you will find yourself on your own; the insurance company reserves the right not to cover your losses if such is the case.

Do Product Wholesalers Really Need Product Liability Insurance?

In the world of insurance, product liability insurance has a significant role to play; however, without having an in-depth knowledge of this insurance type you can hardly avail its benefits.

It is a common misperception that the product liability insurance is beneficial to product manufacturers only. As a matter of fact,

product liability insurance is one of the types of insurance policy that is meant for the whole retail business.

Therefore, any organization that has been in contact with a product may avail the benefits of this insurance policy.

Let’s take an example of a Chinese organization that manufactures a certain product for Company A; the company A will give the product its brand name and pass it on to a wholesaler.

Now, the wholesaler would have to tackle the hassles of retailer distribution. If the wholesaler is getting 500 product pieces, he may pass on 300 of these pieces to the retailers. The retailers sell these products to the buyers.

Now, if the product malfunctions after a buyer purchase it, the whole supply chain or dealer links get affected.

This, therefore, clarifies, that the product liability insurance is for the entire supply chain or the dealers linked to the product. As a product wholesaler, this insurance will offer you protection from certain damage due to the supplied products.

This insurance policy type covers the legal aspect, as well as, financial aspect. However, the retailers and manufacturers also share some of the financial aspects or obligations, yet; it’s a lot beneficial that every linked personal in the business chain has its required protection.

Most business owners were not aware that product liability insurance policies are a simple matter of protecting their business when claims arise due to defective products.

Imagine this – you give your daughter a shiny new bicycle and are teaching her how to ride it. You have the training wheels on, and she is excited to try it by herself, without your help.

So you let go of the bike, and off she goes only to have one of the training wheels malfunction and you watch as she topples over unexpectedly.

Fortunately, your daughter probably will not be hurt significantly, but product malfunctions such as these happen often and sometimes can cause great damage to property or bodily injury.

When this type of damage or injury occurs, the user of the product, as well as anyone standing nearby who might have been injured, can sue the parties responsible for that damage or injury.

Typically, one would think that would be the manufacturer of the product; however, the entire chain of distribution of the product can be held responsible, from the manufacturer to the retailer.

The products liability insurance policy protects these businesses from financial ruin.

These insurance policies allow them to pay legal expenses arising from claims related to product defects.

Process to Achieve a Real Estate License in Texas

The work of a real estate agent is much diverse from other sales job existing in the world. Unlike other marketing sales where one can impress the customer to buy spontaneously here, the clients are much more knowledgeable and erudite and need of your expertise is there to run the lucrative business.

For becoming a real estate agent you need to acquire a salesperson license first, for the accomplishment of requirements state’s Real Estate Commission plays a significant role especially in Texas where rules are a little bit stricter.

Coming to qualification and education required for this very purpose, one needs to attend principles of Real Estate, Law of Agency, Contracts, a supplementary course (all core) and four semesters of core-related courses assigned by the commission.

You don’t have to attend classroom hours if not possible and apply for online courses too from various online real estate schools that give textbooks courses as well as fully online ones depending on your choice.

Once you pass the exams have to go through licensing test which is somewhat difficult than the previous courses but of course, you can pass it with the concentration in studies. After this, you would become an official real estate agent but not a realtor firm which one needs to access members of Local Board of Realtors after which need of generic training program of a brokerage has to be done. And this completes the journey of becoming a Licensed Realtor.

Texas Online Real Estate License Courses versus Sitting in a Classroom

An online real estate course has many advantages compared to the traditional classroom setup.

The first reason is that the student can take his or her lessons at his or her time, working the sessions conveniently around his or her own schedule.

Secondly is that, it is very helpful to those students that have another job, maybe he or she might be pursuing estate sales as his or her alternative career.

The third thing is that the student can control his or her own pace of learning; he or she does not have to wait for the rest of the class to catch up if he or she is getting far ahead, and neither does he or she have to feel embarrassed about lagging behind the rest of the class.

Also if you plan to relocate to another state, an online real estate training course will help you prepare for the real estate exam in that state.An online real estate training course will prepare you to meet the requirements for a real estate license in any particular state.

It is a flexible, adaptable form of learning that will help you become a successful real estate professional.Check out Texas real estate courses or visit the website a provider of a convenient online home study courses specifically designed for people with busy schedules.

Product Liability Insurance Coverage: What Should You Look For?

Product liability is one of the most common nightmares of distributors, sellers, lease-granters, and manufacturers of products.

These days, there is hardly any company that has been able to escape product liability lawsuits.

These lawsuits that involve product liability may drag not only the finances of your company downhill, but they also jeopardize the reputation of your company!

So, it is always better to avoid such lawsuits and take extra caution to combat or tackle them well.

To prepare yourself completely, you need to have product liability insurance.

Without having the right amount of information and insight into the types of problems that can come up, however, you may end up making flawed decisions.

So, let’s analyze the types of liabilities in more detail now. Most of you must have been aware of the two basic categories or types of liabilities: ‘fault’ and ‘strict’.

Here, in this article, we are going to discuss both types in more detail.

The fault-liability type is more about when a customer or buyer suffers injury because of the damage inflicted by the flawed product.

Moreover, here the customer brings up the objection that the product has been flawed, and the company omitted or misrepresented the information before selling it. Here, the distributor can be held responsible for fraud or intentional misrepresentation.

Moreover, if the product has been assembled wrongly or tested inappropriately or failed due to lack of care, the distributor can be charged with negligence.

The second type of product liability is more complex and involves situations that do not include any faults. In this liability type, the charge arises due to inappropriate instructions.

Product liability insurance can help you avoid all the undesirable conditions due to liability issues.

When you want to cover yourself with product liability insurance for small business, you will need to check with your agent that provides your business insurance coverage to see if it is already included in your policy.

You need to also be aware of the exact nature of that insurance as to what is covered.

When you purchase, give your agent the most accurate information that you can about what kind of product your company makes and how much is produced during manufacturing.

This will affect the price of your employer’s liability coverage, but being honest avoids problems later on if there is a suit and it keeps you from being penalized because you did not purchase enough coverage.

If you have narrowed it down to a few insurers, make sure that you compare quotes and are aware of each company’s reputation.

This can be critical when you are faced with court action and need a solid insurance company behind you.

If you follow these initial steps, you will have a great start on being properly protected.

How Much Does an Insurance Policy for Defective Product Liability Cost?

Business owners who are involved in the manufacturing or selling of a potentially dangerous or defective product are becoming more and more aware of their need to have a product liability insurance policy to protect them in the event of injury or loss claims that arise out of defects in one of their products.

Product liability includes liability for injury or property damage caused by defects in a product, or by the exclusion of warnings that resulted in improper use of a product, causing injury or damage.

But how does a business owner know how much this type of insurance will cost them?

The truth is, product liability insurance policies vary in cost, depending on several different factors. One of these factors is the risk level of the product your business is responsible for.

  • What type of product are you selling – something that could potentially cause severe damage or injury, such as a knife set?
  • Or does your business sell a product that has a small chance of injuring people or damaging property, like a pair of leather gloves?
    The risk level of your product is one of the most influential keys in determining the price of your policy – lower risk products will cost significantly less than high-risk products such as firearms that carry a much higher risk of accidents leading to injuries or even death.

In this uncertain economy, more and more people are turning to self-employment as a way to take control of their own financial destiny. Unfortunately, many are risking financial disaster by operating without product liability insurance.

Product insurance covers both goods and services. Goods produced by home-based businesses include wood furniture, pottery, and baked goods while services include in-home daycare, carpet cleaning, and lawn maintenance. All of these businesses, as innocuous as their products seem, are vulnerable to liability claims.

Micro Businesses, those employing up to six full or part-time employees and grossing less than $250,000 annually, are at even greater risk of product liability; yet many operate uninsured.

Misinformation is the most common reason new sole proprietorships risk operating without products liability insurance.

There are no unannounced intrusive home inspections at inconvenient hours, though an inspection may be scheduled in some instances by mutual agreement. Premiums do not eat up profits; home-based sole-proprietorships can be covered for under $400 per year in many instances.

Having real control over personal financial destiny requires diligent risk management. The importance of product liability insurance for home-based businesses, sole proprietorships, and micro-businesses cannot be over-emphasized.