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I'm with you friend!

A high school or equivalent diploma is a basic requirement for a PA Real Estate license. The industry is heavily regulated. I'll list the requirements for simply obtaining your license below but besides that, you have continual mandatory training and every biannual renewals of your license. To become a real estate agent in Pennsylvania, you must meet the following requirements: Age: Be at least 18 years old Education: Complete 75 hours (5 credits) of approved real estate education from an accredited college or approved provider. This includes courses in Real Estate Fundamentals and Real Estate Practice. You must also pass the course final exam with a minimum score of 75% in the presence of a proctor. Exams: Pass the Pennsylvania & Federal Salesperson Real Estate Exams at a PearsonVUE Testing Center. Background check: Submit a criminal record check through the state police's PATCH website or the Pennsylvania State Police Central Repository. There is a fee for the background check, and the results are only valid for three months. The Real Estate Commission may not grant you a license if you have a criminal record, even if you pass the exam and pay the fees. Application: Submit the licensing application and required fee to the Pennsylvania Real Estate Commission. You may need to include your certificate of course completion with your application. Sponsorship: Get sponsored by an actively licensed real estate broker.

This may be helpful! billypenn.com/2022/08/29/philadelphia-city-government-offices-departments-bureaus-boards/

Thanks for commenting! You make a good point. Maybe we should compare PA, NY and NJ. We have many clients coming from NY because of the lower cost of living in Philadelphia. As for crime, this can be subjective because many have different experiences. The numbers say that crime is way down in the past couple years but I understand many feel otherwise.

@@LivinginPhiladelphia in my recent experience living in Philadelphia 2024 I would disagree about the crime aspect I have seen in person robberies drug overdoses and a guy even pull out a gun right on the train it’s got to a point where I cannot continue living in such an environment moving back to north jersey at the end of the month I have watched where the crime has spread to a point where it is even happening in center city a couple blocks from independence hall and the liberty bell crime exists in other major cities but they don’t allow it right in the open it’s in secluded areas that you just stay away from

As of July 28, 2024, Philadelphia has had 151 homicides, which is a 37% decrease from 2023. Other crime statistics for 2024 include: Aggravated assault: A 32% decrease from 2023, with 24 aggravated assaults compared to 32 in 2023 Robbery: A 66% decrease from 2023, with 34 robberies compared to 102 in 2023 Property crime offenses: A 12% decrease from 2023 Violent crime offenses: At their lowest level in at least a decade

Thanks for checking out our channel. Any locations or topics you think our viewers would find interesting?

Your statement is uniformed. Yes, a lower listing price would attract more potential buyers but the listing price of the property is not decided by the agent. The home owner is the one who decides this. The role of the agent is to advise on the market price, list the property, market and negotiate through the sale of the property.

@@LivinginPhiladelphiaI fail to see the uninformed part in my statement. Your answer simply puts the list price totally on the seller with no advice from the realtor. And trying to get the rate down to accommodate the buyer is no help long term lower prices will bring more people back to the market. As prices continue to go up (because of the low comps) and sales go down there will be less people to scam and those that fall for these short term buy down rate cuts will only increase foreclosures. Ultimately hurting you and everyone.

Wrong again. As I mentioned, the role of the agent is to advise the seller. Most sellers already have an idea of how much they want for their property. The advice typically moves the price marginally. As far as bringing buyers back; You think sellers will lower their expectations to help the market or emerging buyers? Listen, I know you think you know what the market is like and you may have even done some research, but your opinions are not applicable in the real world. Sellers almost always want the most they can get and that's what a listing agent is OBLIGATED to do. The listing agent does what their client wants. Saying agents are scamming people again is uniformed and generalizes an industry that is complex and rife with legal requirements. Hiring a licensed agent to represent you and help with one of the biggest transactions in a families lifetime is not only a smart decision, it is the correct one.

@@LivinginPhiladelphia Denial is a river in Egypt. Well after being a victim of a Realtor and going through the legal process only to find that not all but a good number of agents have worked with each other to inflate the price of the property to increase their commission. There are good agents probably a majority but the low standards to becoming a realtor and the lack of quality agents trying to remove the bad have definitely helped to increase the bad. The lawsuit filed on behalf of the sellers and the next set that are currently in process clearly show the system is flawed and hopefully can be fix. To not see and try to stop what any experienced agents has seen for them self makes that individual a part of the problem as it only hurts you and your colleagues and buyers. Unfortunately most buyers trust the agents they have, and don’t understand the market, sellers don’t have much to lose as you said they want the highest price. Hopefully good agents will step up and report or at the least not participate in bad behavior in their markets. I know you’re locked into a mindset of there is nothing to see and nothing is happening here but identifying and seeing a problem is a good way to fix it. I know for future purchases I have a lot to do, getting the comps of at least 3 to 4 homes in the area plus checking the DOM, doing a very detailed home inspection with an inspector I find checking on reviews and history of the agent I work with, and not rolling repairs, cash after. Most agents I’ve spoken to have little knowledge of the upcoming changes to their industry and don’t seem interested in the upcoming changes. Most seem more interested in signing a contract mostly buying agents before the new laws are even introduced. Your OBLIGATION’s as you said are a moral duty but these changes are legal and we will see what changes come as they currently have been implemented with changes as the industry tries to find ways around. A blind loyalty to a system with clear problems is not a way to fix it unless you are part of the problem.

I'm sure you can understand why I might take your comments personally and I truly am sorry if you were a victim in some realtor scam. I obviously can not speak for every or even most realtors but I can speak for myself and my experience. If a realtor "inflates" a listing price beyond what is reasonable, that listing would not sell and the price would be dropped. The market price is determined by what a buyer is willing to pay. So it makes sense to list at a reasonable price. But if a buyer is willing to pay that higher price, that now moves the market price up. That is simply the way a real estate market and capitalism works. The low standards you refer to to becoming a licensed realtor are mandatory Complete 75 hours (5 credits) of pre-licensing courses from an accredited college or approved real estate education provider, Pass a background check, Pass the Pennsylvania & Federal Salesperson Real Estate Exam, Find an actively licensed real estate broker to sponsor your application, Submit the application and required fee to the Pennsylvania Real Estate Commission. Besides this bar for entry, annual mandatory training for all realtors and having to re-register your license every few years. IMO, this is not an a low standard.

Thanks for supporting the channel! I have to say, you mentioned you were from Jamaica, I love Caribbean cuisine :) Sorry had to say that. This park is a great spot for many reasons. The pop up events is a big one. Hope you get to visit soon!

@@LivinginPhiladelphia Awesome, it's great to know that you are a fan of Caribbean cuisine 🙂. Yes, I definitely plan to visit before I return to Jamaica in September.

Love it! Hope it's not a scorcher weather wise when you do visit. We just got past a heatwave and who knows what is in store for the near future 👍 Thanks for supporting the channel and best of luck!

You have a good point, thank you. This shows the city has a lot to it and to try to cover everything in one short video is hard. Many cities have had a hard time the past 10 years +. In my opinion, it will be hard for cities and towns until homeownership and small businesses are on the rise. What are your thoughts.

Sorry about that. Please explain.

That was a mistake and thank you for pointing that out. But the name calling is uncalled for. I'm sure you have never made a mistake but we put a lot of time and effort into this channel. Sometimes when shooting the video mistakes get made.

You are correct! Thank you for correcting this :)

Like we tell everyone, BEFORE you are ready, CONTACT US DIRECTLY! This video serves as a general guide but there is no comparison to good representation of an agent who knows the area.

We try to be realistic but focus on the good in neighborhoods. Norristown is not the most desired city but many good people live there. There are also many small businesses that are worth checking out!

Great questions, Buying land and building on it is no simple task. If you have a company who is experienced with the process, this will help greatly! That said, there are many factors and typically a new home will bring in a higher profit for a builder. If you are looking at simply ROI for a home, an existing home would generally be better. Again, this heavily depends on many factors.

To answer your second question, yes, if you own the land you can charge for events. Keep in mind the local township may have regulations on what can and can not be done with the land. Always check with the local township for regulations!

@LivinginPhiladelphia ok thanks. I'm asking because I want to buy a lot of land and basically build a neighborhood.

Sounds great! Sounds like you may need some assistance. contact our team and we can get you on the right track for this. Preparation is a big part of making this happen.

Perfectly said. This discussion has been one of the most interesting in the history of our channel! Thanks for sharing :)

haha Good point. Our videos have evolved and hopefully we are balancing information with entertainment. Your criticism is noted :)

I imagine it's frowned upon these days more than long ago but for sure, it is a thing :)

HAHA I'm sure the UK is beautiful but let's be honest. The UK has problems like everywhere else. Philly has it's great along with it's bad. I hope you get a chance to see for yourself some day!

Thanks for sharing. Public transportation would be huge for the city like many others. Hopefully Reading can get back on it's feet like it's neighbor West Reading! Until then, we can only help our neighbors and do our best to help where we can .

Fair enough :) It's always a great thing to see these debates about our region!

That is true. I think most do use the abbreviation of Pennsylvania. Good point!

That's understandable. They're mostly a tourist spot at this point. They are renown for better or worse and the rivalry is pretty cool IMO.

The best!

WHAT?! did not know this. Tell us what you know!

@@LivinginPhiladelphia hi I don't know if you're being sarcastic, but as a Swiftie they should buy her parents old farm and house and make it a museum or something. Have tours of her old schools, like Kramer lol. Do stuff like that.Thanks for replying 😁

Thanks and NO! Not being sarcastic. I honestly did not know she was from Reading. Pretty cool and yeah, make that farm a museum and winery/brewery lol. The more local attractions the better in my opinion. Thanks for sharing

@@LivinginPhiladelphia thanks, technically she's from a nearby town called Wyomissing. But she was born in Reading and went to school there. Happy to enlighten you.

Very cool! Our Region does have many famous names it's always fun to hear of new ones :)

Thanks for the compliment and for supporting the channel. We put a lot of time and effort and hope it translates into entertaining and educational content.

Do you have any topics or locations you think our viewers would find interesting?

Valid point. Regardless, people do make the comparison especially because of their proximity to each other. Besides this, many people move from one to the other for various reasons.

Sorry your irritated, what exactly is the matter? We are always trying to make the channel better and more entertaining for our viewers.

In my head I'm reading this as a Jamaican in Philly 😂

Huh? Jamaican?! Not even close bro, that is pure old school blue collar Roxborough-Manyunkese. You must be from the Northeast LOL

HAHA yeah, not sure why

Pwobly cuz my fonix spellin is as bad as my reel axent. Translation: Probably because my phonetic spelling is as bad as my real accent LOL

HAHA very likely but it's true! XD

Very cool! We do have a robust public transit system. There's always room for improvements.

Fully loaded! Love everything except the mushrooms. Not for me :)

Thanks for commenting. Our job market is still fairly robust. Unemployment is almost half the normal average. The energy is something different. Everyone has a different experience. Have you been to the suburbs? Philly has amazing suburbs and maybe that's more up your alley?

Ahhh Mayfair! A decent neighborhood. I had never heard of Phila Capt. Will check him out. Thanks!

Good points and this video deserves an updated video. Apple now has their own scanner function built in to the software. If you do not know, it's in notes>New note>Camera Icon>Scan Documents. It works reasonably well and with some practice, works very well!

Yes, most of the city is rowhomes with at least one shared wall. If you want single family homes and open space, you'd do best looking on the outskirts or suburbs. Which are great BTW. Philly suburbs are varied and beautiful!

Morning

Indeed!

Thanks! Will do. Keep watching them too :)

Thanks for sharing!! Souderton sounds great. Homemade ice cream is the best ice cream. I've ben through there many times. Very pleasant. I'll have to add your town to the list of videos to make. Don't want to make it too famous though :)

@@LivinginPhiladelphia I'd love to show you around town and we have a 3rd Friday Town night out coming up this month with vendors food and music. Come check it out

I love this! The (Fairly) recent increase in Main Street Fairs is a great thing. We all need to support this. Hope this is leading to more hometown and small business income. Higher home ownership rates, pride in our towns and an increase in support for small business is the best way forward!

@@LivinginPhiladelphia most definitely

Thanks again for checking out our channel. Do you have any topics or locations you think our viewers would find interesting?

Yes, a home is a unique investment. You will always need a home. as long as you can afford to purchase, you are better off and have more to gain from paying off YOUR OWN mortgage instead of a landlords.

Thanks for the positive feedback. We spend a lot of time and effort on this channel. If you or anyone you know needs help or has questions, we are here to help! contact us directly.

Thank YOU for checking out our channel! Our Greater Philadelphia area is AMAZING!

Thanks for sharing your thoughts. Fact is there are some with priorities that are different than yours. Some are looking for a more affordable home and they are OK with moving to a less desirable place in hopes it will turn around. For those who do not like the area, there are many other great neighborhoods to consider.

HAHA Getting right to the point!

Double Agreed! :)

Thanks for the applause and positive feedback :) Do you have any topics or locations you think our viewers would find interesting?

Great suggestion! I'm adding it to the list. Thanks for checking out our channel and make sure to check out our other tips for investors.

Thanks for sharing. There are a lot of videos about how terrible Philly is but the fact is, the majority of the people are GOOD PEOPLE! As in every city there are the people who have the DGAF attitude, but that is the minority. Hopefully things will shift.

You may be required to provide a signed lease agreement that shows a higher rent than the monthly total cost of the loan before closing. Does that answer your question?

Great point and remember, A down payment is different than a buydown. Down payment you are decreasing the total amount of the loan (ex. If you are putting 50% down on a $600k house then your loan would be for $300k). A buydown you pay extra money up front for a lower interest rate but the loan amount doesn't change (ex You pay an additional $12000 to the lender to get a 7% interest rate instead of a 7.5% interest rate).