An agent�s main responsibility is in finding properties for the purpose of listing it, visit each property, study the floor plans and collect other requisite information about the property. Agents should identify and emphasize certain selling points to convince the buyers. Due to lack of proper funding source, many deals can be lost. How Lucrative Is The Real Estate Business?Real estate has wide options for making money; one being to buy and either hold it or rent it. Another common problem both for brokers as well as sellers is delayed or non-receipt of payments. They should value their own time and energy as well as their clients. A mere license with knowledge of real estate rules and laws would not suffice in keeping his feet in the market. Supposing if a buyer comes for a second look of the home it should generate interest. The loss incurred by under pricing would have helped in paying off the agent�s commission. To close a deal if bargaining over price becomes necessary, the agents should have their clients best interest at heart and get the best possible price. Agents should have a pleasant personality, present a neat appearance, should have the details on his finger tips and a good memory for names, faces and business particulars. Real EstateA Real Estate is a piece of land with all its natural resources and more often than not with a building constructed on it.4.3. You can�t enquire and cross check this beyond a certain point and will decide to by

Proposition 13, officially titled the "People's Initiative to Limit Property Taxation," was a ballot initiative to amend the constitution of the state of California. The initiative was enacted by the voters of California on June 6, 1978. It would eventually be upheld as constitutional by the United States Supreme Court in the case of Nordlinger v. Hahn, 505 U.S. 1 (1992). Proposition 13 is embodied in Article 13A of the California Constitution.

The most significant portion of the act is the first paragraph, which capped real estate taxes:

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SECTION 1. (a) The maximum amount of any ad valorem tax on real property shall not exceed One percent (1%) of the full cash value of such property. The one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties.

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The proposition's passage resulted in a cap on property tax rates in the state, reducing them by an average of 57%. In addition to lowering property taxes, the initiative also contained language requiring a two-thirds majority in both legislative houses for future increases in all state tax rates or amounts of revenue collected, including income tax rates. Proposition 13 received an enormous amount of publicity, not only in California, but throughout the United States. Passage of the initiative presaged a "taxpayer revolt" throughout the country that is sometimes thought to have contributed to the election of Ronald Reagan to the presidency in 1980. However, of 30 anti-tax ballot measures that year, only 13 passed.

A large contributor to Proposition 13 was the sentiment that older Californians should not be priced out of their homes through high taxes. The proposition has been called the "third rail" (untouchable subject) of California politics and it is not politically popular for Sacramento lawmakers to attempt to change it.

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