About Goran Dautovic

The old world is rapidly giving way to new and emerging ideas, while consumers are enjoying more and more power.

To paint a better picture of the current landscape and identify growing trends within the industry, we pored through an array of reputable advertising studies.

Disney announced that a fifth of its brick-and-mortar stores would close by the end of the year in the rapid shift toward eCommerce caused by the pandemic.First on the shutdown list of 60 stores are North American locations, all scheduled to close either on or before March 24, 2021. Disney is currently closing several stores in Arizona, California, and Texas, among others.These changes are part of a bigger plan for eCommerce development. European stores might be hit next, but the media giant has yet to announce which of its 300 stores will go under in the future.In 2020, eCommerce retail sales jumped by 32.4%, signaling the move away from conventional shopping. These are grim news for those fans who consider the stores an essential part of the Disney experience. However, they can look forward to an overhaul of Disney’s online store in the near future. Disney has promised significant improvements to its e-shop, with more adult apparel collections, streetwear, premium home products, and collectibles. Considering that Disney stores are usually focused on creating a magical experience for kids, this improvement will undoubtedly cater to a much wider audience. Disney’s partnership with Target for more than 50 locations with Disney pop-up shops within the retail giant’s megastores is also in danger. On the plus side, more than 600 Disney Parks stores, third-party retailers, lifestyle, and outlet locations will remain unaffected by these closures. To say goodbye to a fifth of its shops, Disney is currently running a 30%-off storewide sale, with discount coupons for shopping at the online store. On a much happier note, after keeping its gates closed for a year, Disneyland has finally been cleared to reopen in April. The Walt Disney World Resort in Florida has been open since June 2020, but strict state regulations have kept its California counterpart closed until now. Both are and will be operating under the necessary safety measures due to the pandemic. Backed by these announcements, Disney stocks are also flying high, increasing by 6.33% within one day. The latest Disney animated feature, “Raya and the Last Dragon,” taking a whopping $8.6 million on its opening weekend certainly played a significant part in this increase.

In this article, we take a look at how you can launch a successful career and join one of the three million real estate agents already active across the US. Why Become A Real Estate Agent? As with most industries, there are many reasons people get into real estate. The primary appeal is the fact that there are always new properties and clients to work with. Once you have a real estate license, you can often become your own boss within just a few years and decide when you work, which clients you take on, and how much commission you charge for your services. The money can be good, too. The average real estate agent salary is $77,383 per year; if you move onto brokering, you could earn more than $89,000 per year, with top agents taking home pay packets of more than $200,000. Getting into the field is relatively easy. You will need some qualifications, but not many – certainly not a college degree. And by the end of the process, you will have a salary that would take years to attain in other industries. You don’t have to work full time, either: A part-time real estate agent can still earn decent money. Steps To Becoming A Successful Real Estate Agent The path to becoming a real estate agent depends on the state you live in. However, here’s the general sequence in which you will need to do things. Research Your State’s Licensing Requirements The US does not have a national real estate license. Instead, such licenses, if they exist, are administered at the state level. You’ll want to begin the process by researching your state’s regulatory office website. You can either search for this directly on Google, or look for the relevant state via a directory. States have specific requirements for agents concerning: Age Criminal record Background checks and fingerprinting Exams Pre-licensing requirements Educational requirements In some states, you might need a high-school diploma to begin the process. If you do not have one of these, you may need to pass the GED first. Some states allow you to earn your license in one state and use it in another. However, you will need to check the rules for your particular state to be on the safe side, particularly if you plan to rely on demand from a neighboring state for business. Take a Prelicensing Course Checking state requirements and doing research are generally free. However, once you begin the licensing process, you’ll need to pay some fees, as most states require you to complete an accredited prelicensing course. Real estate agent training prepares you for the job and reduces your likelihood of making a severe mistake that harms your clients. The number of hours you need to rack up to become eligible for an exam depends on the state. In Texas, for example, students must complete more than 180 hours of coursework before becoming eligible for the test. In New York, the figure is only 75 hours, and in Florida, just 63. How you complete these hours is largely up to you. For instance, you can take courses online, at community colleges, or a dedicated real estate school. It’s possible to become a real estate agent with no previous experience at all. Don’t accept the first course you come across. Instead, think carefully about which environment would suit you best. Do you prefer learning by yourself in peace and quiet online? Or is it easier for you to absorb knowledge if you’re surrounded by other people? Remember, the type of interactions you have will impact how much information and knowledge you retain. Real estate agent classes typically begin by teaching you the basic principles of facilitating property transactions. You’ll learn the meaning of terms such as “escrow” and “lien,” which don’t usually feature in everyday language. You’ll also get an education in the essential legal aspects of the business and your responsibilities as an agent. By the end of the course, you should be able to estimate the value of a property, understand all the steps involved in a transaction, and be in a position to offer clients guidance. The cost of prelicensing courses is fairly reasonable. In most states, you’ll pay somewhere between $350 and $800, depending on the number of training hours required by the state. However, you may need to pay more if your state has particularly stringent prelicensing requirements. After taking your prelicensing course, you have a fixed period to complete your exams. For example, in Florida, you’ll have two years. If you aren’t successful within that timeframe, you will need to retake the prelicensing course all over again. Take Your Licensing Exam To complete the exam for becoming a real estate agent, you’ll need to pay a fee, usually between $100 and $300. Your course instructors will explain how to schedule the exam, but in general, you’ll first need to register with the appropriate board, schedule the exam date, and pay the fee for administration and invigilation. You can check your real estate agent eligibility requirements online or with your instructor to ensure you have completed enough course hours. Most exams are completed online, in two parts: A state-specific section covering your state laws  A national-level section covering general real estate principles  Exams are typically multiple-choice. The amount of time you have to complete the test varies by state, but you’ll typically get between 90 minutes and three hours to answer all the questions. Some states’ exams are more rigorous than others, posing anywhere between 60 and 100 questions. States break up each exam into smaller sections, and you’ll most likely have to attain a passing grade on each to qualify. If not, you may have to retake the exam. States have varying rules for how many times you can retake the exams, and there’s usually a mandatory waiting period between retakes. The failure rate in some states is relatively high, too: For instance, in Florida, 50% of candidates fail to make the cut the first time around. Activate Your Real Estate Agent License To start engaging with real estate clients, you’ll need to send all the required documents, along with your application and fees, to the state’s licensing or regulatory board. Even if you pass your exams, you must not start work until the real estate commission officially releases your license. If you’re intent on joining a brokerage, you should tell them whether you’ve already received your license or are still waiting for official confirmation. You’ll also need to sign up for a multiple listings service (MLS) membership. This is extremely important, because that will be your system for listing and disseminating properties among popular websites, such as Realtor.com and Zillow. Activating your license through your state’s real estate commission carries a fee of somewhere between $200 and $400. They use this money to process your application and make your name searchable on their database so that clients can find you and check your credentials. Become a Realtor Real estate agents and realtors are not the same. A real estate agent is a professional with a license allowing them to facilitate the purchase and sale of properties in their area under the guidance of a broker. A realtor has the same qualifications, but they are also a member of the National Association of Realtors (NAR) and follow its code of ethics. Joining the NAR provides real estate agents with a host of benefits. It increases your credibility, so you’re much more likely to get lucrative clients. Plus, you get access to vast real estate market statistics, a knowledge base, and host of business tools. For instance, members get access to Realtors Property Resource (RPR), a database with practically all the information you could ever want about permits, zoning, mortgage and lien data, foreclosures, and local schooling options. The NAR is highly popular among real estate agents. The organization currently has more than 1.3 million members, and is growing all the time. Members operate in multiple roles: Appraisers, counselors, property managers, and salespeople. There are also ample educational opportunities and, occasionally, discount programs designed to help you further your career. Join A Brokerage The last step is to join a brokerage. There, you’ll work under the direction of a broker – a licensed professional with the legal authority to oversee real estate transactions. Working for a brokerage typically costs you a monthly fee – anywhere from $25 to $500. However, in return, you will get legal protection, a monthly paycheck, and commission. In most cases, you won’t earn an hourly wage. Arrangements between real estate agents and brokers differ considerably by brokerage. You may have to pay for: Marketing materials Real estate CRM subscriptions Business cards Desk fees Technical assistance License renewals Continuing education Use of lockboxes for keys MLS access Other costs of doing business While the costs might seem high, the benefits are generally worth it. By being part of a brokerage, you can start earning a significant income from the get-go, instead of having to do further training and building up a client base. What’s more, you’ll receive a healthy commission for each sale you make - it’s not uncommon for agents to make thousands of dollars in a single transaction. Real Estate Agent vs. Broker Real estate agents and brokers are different. While both perform the same task types, a broker is a real estate agent who continues training and eventually obtains a state real estate broker license. Unlike regular agents, brokers can start their own brokerages, work independently, and hire other agents to work alongside them. However, both types of professionals spend most of their time matching buyers with sellers and ensuring everything goes through before the closing date. For instance, they can: Help buyers find properties matching their criteria Assist buyers with legal issues before the closing date Help both buyers and sellers in their negotiations Determine the value of client properties List properties online, including luxury properties, if they are a luxury real estate agent Help buyers make and communicate offers Brokers can also take on different levels of responsibility. For instance, associate brokers typically work under the direction of another broker, while managing brokers oversee the entire transaction process, work for themselves, and ensure that agents perform well. A principal broker is a professional who ensures a brokerage complies with state and federal laws. Becoming a broker can take a while. Most aspiring real estate professionals work in a brokerage for several years to fully understand the industry before taking the plunge and branching out by themselves. Once you become a broker, you may be able to double or triple your pay. You’ll also have an opportunity to scale your business and begin earning incomes significantly above conventional pay brackets. Conclusion Becoming a real estate agent is a lucrative option for many people because it doesn’t require going through years of college and racking up large debts. Most people can learn how to be a real estate agent in a matter of months and spend less than $1,500 on training, examination, and licensing. What’s more, even entry-level agents can earn a respectable salary. The average salary is over $89,000 a year, with top earners making hundreds of thousands of dollars annually. Of course, there are downsides. For one, you won’t get paid an hourly or daily rate. Virtually all of your pay will come from the commission you would earn from each transaction. If you don’t make sales, you won’t earn any money. Second, you’ll need to pay a fee to work in a brokerage. The money goes to cover the expenses both you and your employer incur during your work. If you’re not happy with the level of flexibility working under a conventional real estate broker offers, you can apply for a broker license. With these, you can set up your own brokerage, work for yourself, oversee the entire property transaction process independently, and hire agents to work for you. Becoming a broker in a specific field can also make you more desirable in certain sectors, such as commercial property, or property management. In summary, learning how to be a real estate agent is relatively straightforward and an excellent option for anyone who doesn’t want to go through college, but needs to start earning as soon as possible.

While every business owner likes to think that their employees come to work solely to be in the company of a great boss, the truth is that getting paid is their main incentive. Therefore, their payment stub (also called payslip or paycheck stub) is one of their priorities - and must become one of yours too! Whether using payroll software or the manual method, it’s imperative that you can answer key questions like “what are pay stubs?”, “why are paystubs important”, and “what should be included on an employee pay stub?” as a part of your successful HR scheme. This quick guide will provide all you need to know. Pay Stubs Explained Merriam-Webster defines a pay stub as: “a piece of paper that is given to an employee with each paycheck and that shows the amount of money that the employee earned and the amount that was removed for taxes, insurance costs, etc.”, although it can now be an electronic file instead of an actual paper stub. In essence, it’s an attachment that is connected to the paycheck. It details key information relating to the specific pay period (weekly, biweekly, or monthly) in one column while also specifying the year-to-date (YTD) figures for the tax year.  Payment stubs are not technically a legal requirement for employers under federal law. However, most states have them factored into their regional legislations. Meanwhile, the Fair Labor Standards Act states that all business owners must record the number of hours worked by each employee. Why Are Pay Stubs Important? From a company’s perspective, pay stubs are a key tool for recording employee gross wages and managing tax requirements. Moreover, they can help you quickly rectify any mistakes noticed by an employee or disprove false allegations and disputes. When used as part of the onboarding process, it encourages optimal organization from the start while also making the individual feel like they belong. Other benefits for all workers, new or otherwise, include: Having a better understanding of their earnings Gaining clear insight into their deductions Knowing that they are fairly treated Seeing how their taxes and 401(k) contributions are handled Proving thier income when applying for mortgages and similar Pay stubs are a simple yet powerful tool for recording all relevant info for the employee pay period. Statistics show the correlation between happy workers and increased productivity; a defined pay slip strategy will ensure your employees get paid correctly, which is one of the keys to worker satisfaction. All companies across all sectors should take this into consideration. What’s Included in an Employee Pay Stub? When using the best payroll and HR software providers, it’s likely that the majority of payslip data will be clear. You simply need to fill in the appropriate fields. In many cases, you need to enter the hourly rate of pay and the number of hours worked. All subsequent calculations relating to taxes and deductions for calculating your paycheck can be automated. Likewise, YTD records can be instantly calculated from the individual's files and previous pay slips. Many businesses and workers also ask “what kind of paper are paystubs printed on?". While the attachment is often connected to the check with perforation, the type of paper used can be standard - as well as business checks or software-friendly stubs - as there are no specific requirements. Ultimately, all pay stubs should be clear, as the content is far more important than the format. Employers and employees should know what to look for on a payment stub. Firstly, there will be two separate columns: current pay duration and YTD. As for the items included under each, below is an overview of the key features. Basic Info  Every paycheck should contain general information relating to both parties (company and worker) as well as the time frame of the employee pay period. The company name and address will be added, along with the name, address, and Social Security number of the employee. It can be a part of the onboarding process to gather all relevant details right away. Many software packages allow employees to update their info as and when required. Wages A gross wages section should be the first main section under the general info. It sets out the gross income earned by the employee during the given period. The employee gross wages will set out the person’s hourly wage as well as the hours worked during this time. Those figures are then multiplied to produce the correct figure.  Where applicable, overtime pay will also feature under this section. Many employees have a different hourly pay for overtime hours, so it needs to be shown as a separate row. It also ensures that employees have accurate pay slips when applying for credit. Additional earnings and accrued time off will also be listed in this section. Deductions Deductions are the next group of items to feature. Voluntary deductions pay stub items and involuntary deductions pay stub elements are covered under this section. All deductions should be listed in an itemized fashion, with clear information for the individual pay period and YTD. Income tax deductions will include federal tax, state tax withholdings, and local taxes, as well as Social Security, Medicare, and other relevant features. The majority are involuntary deductions. While employees are forced to pay them, it is the employer’s responsibility to withhold them and subsequently pay them on behalf of the employee. Other deductions can cover employee benefits like health insurance or retirement savings, while charitable contributions fall under the umbrella of voluntary deductions. Wage garnishments for outside issues like child support payments are involuntary. Employer Contributions Employer contributions are items that the company has paid in relation to the worker’s employment and taxes. An employer’s portion of the Federal Insurance Contributions Act (FICA) is the most common item to appear in this section. However, other items like matched pension contributions may feature. Insurance premiums can also be added here. While they are not a form of paycheck stubs taxes or deductions that reduce a person’s overall pay, these items must always be listed. It provides transparency for the employee and ensures that the company’s files and accounts all sync up. It’s another reminder of the support you provide your workers, which could otherwise go unappreciated. Net Pay Pay Stubs Finally, the bottom of the employee’s pay check will show the net pay, also known as take-home pay. This figure is the money that they actually receive during the employee pay period after their income tax deductions and other commitments have been taken into account.  When calculating your paycheck, it’s important to know the gross and net pay, along with all the details of deductions. It’s essential for allowing workers to know exactly what they are paid, how much they will take home, and understand how much they’ve been taxed. In most cases, this is the figure that employees will look at as soon as they receive their paycheck. Conclusion The significance of handling payment slips should by no means be overlooked by any employer or HR department due to their role in maintaining a happy workforce. After all, a content and productive team of employees is the greatest asset a company can have. Now that you can answer key questions like “what are pay stubs?” and “what should be included on a payslip stub?”, there’s no excuse for getting it wrong. Whether using payroll software or not, the results for your business will be excellent.