An exclusive relationship within the commercial mortgage field can be thought of as a listing agreement within the real estate brokerage side of the business. Or more specifically the exclusive agreement should be thought of as a tenant representation agreement for those that are familiar with that agreement.

Essentially the exclusive agreement states that the borrower agrees to work with the mortgage broker on an exclusive basis with shopping for lenders, negotiating term sheets and coordinating the processing and closing of the loan (among other legal issues I’m not qualified to discuss). The commercial mortgage broker is handling the whole transaction on behalf of the borrower and typically is looking out for the borrower interests. A non exclusive agreement still covers a lot of the same issues but gives the borrower the right to work with other lenders/ brokers. So there’s no guarantee that you’ll win the deal and or get paid.

The main advantage for the commercial mortgage broker to get an exclusive is that the borrower has committed to working with the broker, and at the end of the deal the broker will get paid. For those reading this article that have worked on deals for months with borrowers and to find out they lost it because of 10 basis points or slightly lower fees know how bad this can sting.

Most exclusive fee agreements cover a lot more than the exclusivity issue; retainers, expenses covered, minimum fees are some of the more important issues. For example having a borrower send you a thousand dollar retainer and a signed exclusive agreement says a lot; that he’s on board and going to work with you.

There are disadvantages though of going for an exclusive agreement. The obvious is that many borrowers simply will not want to sign off on this. It can be a hard sell. They’ll want you to “get them quotes” or “see what you can offer” first. Basically the borrower will want to keep total control and will only want to work with you if you can produce the best deal. So you stand to lose working on the deal if they don’t agree. You may know that perfect bank for the deal and or just want to work on it with the hopes of building a solid relationship along the way.

Also, YOU may not want to work on the deal on an exclusive basis. Believe me when I tell you that if your borrower agrees to a 5 page agreement and sends you a $1000 retainer, that they will want to get their money’s worth and are not going away. If they deal is weak and you find you can’t get it done, you’ll have to invest a lot more time into the deal than wanted and or break off the relationship and risk tarnishing your reputation.

So, unfortunately there’s no simple answer if you should go for an exclusive commercial mortgage broker fee agreement or not. But you should get you borrower to sign something that says you’re working with him and that you’ll get paid at close.

Jeff Rauth is President of Commercial Finance Advisors, Inc out of Birmingham, Michigan. He has a STORE for commercial loan brokers. Contracts, spreadsheets, books, etc. Products starting at $4.95! Check it out commercial mortgage loans or commercial mortgage training

Well, it’s pretty simple really.

If you are serious about being a successful forex trader you need to understand the mathematics behind your trades. Plus it makes sure that you can keep tabs on your forex broker, so you can make sure they are not ‘cooking the books’.

As a forex trader, I’d expect you to be numerate, so it should be pretty easy for you to calculate your profits and losses. But I can understand if you are new to forex trading it might not be initially self-explanatory.

The 2 formulae you need to commit to memory.

(In this calculation I’m assuming you are trading in USD.)

When the US Dollar is the second currency (the quote currency), the formula to use is:

1 – Profit is equal to: the price change in PIPs multiplied by the units traded. (e.g. profit = pips price change x traded units)

Secondly if the US Dollar is the first currency in the pair (base currency), the formula to use is:

2 – Profit is equal to: the change in price in PIPs multiplied by the units traded divided by the exit price. e.g. profit = price change in pips x units traded / exit price

So to ‘hammer this home’ and make sure you really understand this process I want to give you a few examples.

To start with we’ll use an example where the US dollar is the second currency, the quote currency, and to make things easy we’re going to use a 1% broker margin. So you can trade up to 100,000 USD with only 1000 USD.

OK?

Great. We’ll take the EUR/USD which for example is trading at 1.5618/9. Your analysis has led you to predict that the Euro is going to rise in value against the dollar so you start a trade to buy more Euros and sell US Dollars.

So you end up buying $100,000 worth of units at a price of 1.5619 – remembering that you are buying so you have to buy at the ask price – this is the last/second number in the quote (so you buy at the ask price of 1.5619 not 1.5618).

Your predictions turn out to be correct. Congratulations, the price rise to 1.5635/6. So you start another trade to sell the Euros and buy USDs. For this trade you use the bid price as you are selling, which is 1.5635.

So here’s where your maths comes in.

As you purchased the Euros at 1.5619 and then sold at 1.5635 your profit is 16 pips, or 0.0016. So before that makes any sense we need to convert that into proper money. So this is where we use our formulae.

Profits = 0.0016 (price change in pips) x 100,000 (units traded) = $160.00

If you are trading standard sized lots of a currency pair as we did above of 100,000, in which you use the USD as the quote currency, a quick rule to remember is that a pip is equal to c.$10. Hence 16 pips = $160.

So let’s take another quick example, but this time we’ll use the USD as the base currency.

You place a buy order for 100,000 units of USD/JPY at 103.20. The price increases and you sell at 103.33. You just made a quick 13 pips. So to calculate your profit in your second formula:

Profit = .13 (pips) x 100,000 (units traded) / 103.33 (exit price) = $110.78

Easy huh?

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The name Forex, come from Foreign Exchange Market, which also referred as “Forex” or “FX” in short. Basically it involves a pair of currency. Meaning you buy a currency in exchange to another country currency.

For example if you visit Hong Kong from US. What would you do? Go to the money changer, use your US dollar to exchange for Hong Kong dollar right? By doing so you are actually selling your US dollar and buying Hong Kong dollar so that you can spend in Hong Kong. So if you return to US, you too will exchange your Hong Kong dollar to US dollar. Now you are buying back US dollar and selling your Hong Kong dollar. By now I hope you get the idea of basic currency trading.

So why trade Forex, you may ask? Well Forex is a 24 hours market and it is one of the largest markets in the world in term of daily volume. It trade volume range from 1 to 3 trillion USD every day. This is 6 to 8 times higher than the volume of the stock market in the world. It provides a lot of liquidity in the market. The large volume of participants also reduces opportunities for insider trading. To put thing to simple, there has NEVER been a case of complete currency collapse in a developed country.

For Forex trading is there is no restriction of short selling. Meaning you can buy (Long) or sell (Short). This mean you can easily trade in a rising or falling market.

Another great advantage of Forex Trading is leverage. Typically leverage increases your buying power. With this you are able to increase your total return on investment with less cash outlay. Of course increasing leverage increase risk too. However if you know how to manage your risk, this should not be a problem. Example if you have only $1000 dollar cash in a forex margin account, and a 200: 1 leverage, you can trade up to $200,000 in notional value.

Here is only some of the basic information on Forex Trading. To pick up forex trading, you may search more information in the internet or buy some books on Forex to read. Understand the basic foundation of Forex is a must!

Yeo Kian Poh

Pick up forex trading at http://pickupforextrading.com Eric Yeo is the creator of Pick Up Forex Trading

By default, a tax delinquent property, say, worth $100,000 with $100,000 taxes will owe the owner 5,000 times more with penalties, interest and fees. This additional amount usually is estimated at $15,000 and is quickly accrued to the owner. The state gets this $15,000 and bidding usually starts at this. Some states start with no minimum bids like New York. Some start usually high in a highly competitive bidding. In metropolitan, bidding usually starts at $70,000. Thus, when the auctioned property is sold at $70,000 and the state only wants $15,000, there is excess proceeds, which is $55,000.

Who gets the excess proceeds?

By law in most counties, the owners can apply to get the excess proceeds at the time of auction sale. To obtain the $55,0000, the owner will have the deeds recorded at the time or before the auction sale. Otherwise, you lose the opportunity of getting the excess proceeds.

A classic experience that I have is when I bought 4 properties together in California before the tax sale on a Saturday. Each property had around $3,000-4,000 worth of back taxes attached to them. I signed a notarized deed on Thursday and have it recorded on Friday, but ownership transfer happens when the recorded deed is delivered to new owner. I let the auction passed and 1 of my 4 new properties was sold at $8,000. Considering the state only owed lesser at $3,000 plus, I supposedly was entitled to get an exceed proceed of $5,000 if the recorded deed was only delivered to me on Friday or Saturday.

By lesson, your deed must be recorded at the time of sale to obtain the excess proceeds and avoid from losing it. Buy the property before the auction. Do not redeem the property. Just let the property go for auction. Make sure your deed is recorded before or at the time of sale then apply for exceed proceeds and get it!

Jack Bosch began investing in land in 99. Along the way he discovered a secret way to buy land for pennies on the dollar and sell it for thousands. Jack continues to invest in property but now teaches his system! To claim a FREE Special Report about how you can buy Land for Pennies on the dollar go to http://www.LandForPenniesTeleworkshop.com & http://www.SecretLandProfits.com

There are ways to make money on the internet and you are probably tired of trying different techniques only to have them fail. Bryan Winters wants to show you how to quit failing and turn your online business into your own success story. If you have been convinced that you will not be able to achieve the same type of wealth that others have done, he can show you otherwise. With Bryan Winters in your corner, success is just around the corner.

As one of the cofounders of the Push Button Publishing company that was geared to offer things like auto responders, hosting and tracking as well as premade websites, he has been well positioned to offer some good advice to people about creating a successful online business. Push Button Publishing was supposed to be the blueprint program with all of the information to carry around with you forever on step by step creation of any online business.

Bryan also developed company sites known as Push-Button Leads and Million Dollar Traffic.com. All of his sites were set to offer personal customer assistance, money back guarantees, free ad checking and the most up to date auto responders. The idea was to provide easy access business sites for those people with limited understanding of using programs like affiliates, and other internet geared programs.

Joshua Valentine is a top internet marketer who works with industry leaders from around the world. He has a passion for helping others achieve their goals, dreams and aspirations. To learn more about Joshua Valentine and his team of Marketing Mentors Click Here

Forex Trading takes place every day, where nearly two billion dollars are transferred each day – a huge sum of money. Think of how many millions it would take to bring about a total of one billion, and then think that this is done on a day by day base – if you desire to get concerned in the money exchange processes, you must know that Forex Trading is a place ”where money is swapping hands every day”.

The cash that is dealt on the exchange markets will be this of all countries throughout the world. Each currency has its own three-letter symbol to represent this country and the currency is being marketed. For example, the yen Japanese is the JPY and the dollar USA is USD. The pound sterling is the pound sterling and the euro is EUR. You can buy and sell within numerous currencies in a particular day, or you can buy and sell in a currency different for each day. Most of all transactions through a broker, or those of any company will require a certain type of fees, so you have to be sure in the trade that you deal, because creation of too many trades will involve many costs.

Trades between marketplaces and nations will occur every day. A number of the most common trades occur between the euro and the U.S. dollar, then the U.S. dollar and Japanese yen, and after that the other most often seen operations lie between the pound sterling and the U.S. dollar. The operations occur throughout the day, all night and taking place in different markets. At the time when a country opens for exchanging in a day, a different is closing. The time sectors from around the world affect how the cooperation takes place and where marketplaces are released.

When you make a business between one market and another, relating one legal tender to another, you will become aware of the symbols, which are used to give details on these operations. All dealings are in progress to bear a resemblance to something like this: EURzzz / USDzzz, and the “zzz” are to symbolize the fractions of commerce proportion for the different transactions. Other examples could give the impression of being like this: AUSzzz / USD, etc. At the reading and examining your statement and exchange information online, you will be aware of it much better if you remember at least the most important symbols of currencies that are concerned.

Justin Boyce is a widely known online marketer one of his passions is Forex trading. Financial investments is an easy way to make money grow and the returns are quick if you use a proven forex trading system. Visit Justin Boyce’s site to learn more and start growing your money now

You would think that if a Forex robot claims it can make big gains for you, that it might actually have made some dollars in the real world of trading – wouldn’t you?

You would be wrong if you assumed the above, most automated Forex trading systems you see sold online, produce a track record which is simply made up.

The track record consists of getting a past data segment (knowing all the closing prices) and then simply picking where to buy and sell, with all the data to hand and of course this means nothing in terms of making money when you don’t know what happened and have to trade without knowing where prices go.

The vendors use clever copy and the lure of an income for life for around the cost of a meal out and of course, making money is not that easy, common sense tells you that. If it was so easy, everyone would be trading for living and give up working, banks would sack there multi million pound dealing teams and there would be jobs shortage as everyone was trading!

If you want to make money in any venture in life, then you need to work and get the right education and knowledge to apply in the market, that’s life and is very true in Forex trading.

You won’t be surprised to learn that you need to get a good Forex education and do some work but the news is that in Forex trading if you get the right knowledge and trade with discipline, you can earn yourself a great second or even life changing income and your efforts will be well rewarded.

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Have you ever heard of an “expert advisor”? An expert advisor is basically a robot which is loaded into your MetaTrader 4 forex trading software. If you search Google or your favorite search engine you would see a lot of results that come up, but they don’t ever explain how the expert advisor they are advertising actually works.

What you are able to do with the expert advisor is what sets the forex traders making a few hundred dollars a month apart from those making five figures a month. You see, the expert advisors are robots that are able to “smell out” where there is money to be made on the forex market. They understand the inner workings of how the forex market works and how to make the most money possible…and the largest profits of course.

If you are currently a forex trader now, you could be using an expert advisor which would make you more money on complete autopilot then you are making now. How would you feel if you would wake up in the morning and you check your forex account and you see you just made a $x,xxx profit while you were sleeping. I would have to say that is one of the best ways I could imagine waking up, and it is not out of reach for you to be doing this!

I am an expert forex trader who uses an Expert Advisor to make me money on autopilot. I have published a FREE report that is available for download at: ForexAutopilotProfits.com

FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.

Another somewhat unique characteristic of the FOREX money market is the variance of its participants. Investors find a number of reasons for entering the market, some as longer term hedge investors, while others utilize massive credit lines to seek large short term gains. Interestingly, unlike blue-chip stocks, which are usually most attractive only to the long term investor, the combination of rather constant but small daily fluctuations in currency prices, create an environment which attracts investors with a broad range of strategies.

How FOREX Works

Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major currencies. After deciding what currency the investor would like to purchase, he or she does so via one of these dealers (some of which can be found online). It is quite common practice for investors to speculate on currency prices by getting a credit line (which are available to those with capital as small as $500), and vastly increase their potential gains and losses. This is called marginal trading.

Marginal Trading

Marginal trading is simply the term used for trading with borrowed capital. It is appealing because of the fact that in FOREX investments can be made without a real money supply. This allows investors to invest much more money with fewer money transfer costs, and open bigger positions with a much smaller amount of actual capital. Thus, one can conduct relatively large transactions, very quickly and cheaply, with a small amount of initial capital. Marginal trading in an exchange market is quantified in lots. The term “lot” refers to approximately $100,000, an amount which can be obtained by putting up as little as 0.5% or $500.

EXAMPLE: You believe that signals in the market are indicating that the British Pound will go up against the US Dollar. You open 1 lot for buying the Pound with a 1% margin at the price of 1.49889 and wait for the exchange rate to climb. At some point in the future, your predictions come true and you decide to sell. You close the position at 1.5050 and earn 61 pips or about $405. Thus, on an initial capital investment of $1,000, you have made over 40% in profits. (Just as an example of how exchange rates change in the course of a day, an average daily change of the Euro (in Dollars) is about 70 to 100 pips.)

When you decide to close a position, the deposit sum that you originally made is returned to you and a calculation of your profits or losses is done. This profit or loss is then credited to your account.

Investment Strategies: Technical Analysis and Fundamental Analysis

The two fundamental strategies in investing in FOREX are Technical Analysis or Fundamental Analysis. Most small and medium sized investors in financial markets use Technical Analysis. This technique stems from the assumption that all information about the market and a particular currency’s future fluctuations is found in the price chain. That is to say, that all factors which have an effect on the price have already been considered by the market and are thus reflected in the price. Essentially then, what this type of investor does is base his/her investments upon three fundamental suppositions. These are: that the movement of the market considers all factors, that the movement of prices is purposeful and directly tied to these events, and that history repeats itself. Someone utilizing technical analysis looks at the highest and lowest prices of a currency, the prices of opening and closing, and the volume of transactions. This investor does not try to outsmart the market, or even predict major long term trends, but simply looks at what has happened to that currency in the recent past, and predicts that the small fluctuations will generally continue just as they have before.

A Fundamental Analysis is one which analyzes the current situations in the country of the currency, including such things as its economy, its political situation, and other related rumors. By the numbers, a country’s economy depends on a number of quantifiable measurements such as its Central Bank’s interest rate, the national unemployment level, tax policy and the rate of inflation. An investor can also anticipate that less quantifiable occurrences, such as political unrest or transition will also have an effect on the market. Before basing all predictions on the factors alone, however, it is important to remember that investors must also keep in mind the expectations and anticipations of market participants. For just as in any stock market, the value of a currency is also based in large part on perceptions of and anticipations about that currency, not solely on its reality.

Make Money with Currency Trading on FOREX

FOREX investing is one of the most potentially rewarding types of investments available. While certainly the risk is great, the ability to conduct marginal trading on FOREX means that potential profits are enormous relative to initial capital investments. Another benefit of FOREX is that its size prevents almost all attempts by others to influence the market for their own gain. So that when investing in foreign currency markets one can feel quite confident that the investment he or she is making has the same opportunity for profit as other investors throughout the world. While investing in FOREX short term requires a certain degree of diligence, investors who utilize a technical analysis can feel relatively confident that their own ability to read the daily fluctuations of the currency market are sufficiently adequate to give them the knowledge necessary to make informed investments.

Rich McIver is a contributing writer for The Forex Blog: Currency Trading News ( http://www.forexblog.org ).

Your broker is the most important part of trading. It is the middleman. It holds your money and it is the gatekeeper. Having the best quality broker will take a lot of headaches and anxiety away. The first point I want to make is that all brokers are not equal. There are a lot out there that are of poor quality and some which are just scams. You need to do the necessary research to find a broker that is of quality and meets your needs. The best thing you can do is use online forex forums to read about brokers. These forums are typically full of currency trading investment talk, but there are a lot about brokers.

Having software to help aid you in trading is important. This is a 24hr market and for an individual that just isn’t practical. It isn’t smart leaving money in the market unattended, even though cutting a trade short at the end of your work day can be unprofitable. Automated software will watch the currency for you and make the most profitable decisions.

The Forex Loophole is a new automated software with a new secret way of trading for profits. It has a new way of analysis and it exploits that for profit.

Learn more at the Forex Loophole.