Who are they...
Real estate brokers are professional instruments to connect the buyer to the seller.
In addition, many real estate agents handle rentals where they introduce tenants to landlords and supervise the maintenance of the property on behalf of landlords.
In most areas, real estate agents must be highly educated, licensed and regulated by a governing body.
Some real estate agents are also real estate agents.
To use the title Realtor, a real estate agent must be a member of the National Association of Realtors who, in addition to a number of other requirements, requires real estate agents to follow a strict code of ethics and offer real time additional training and design opportunities.
Although not required by law or law, it may be a wise decision to seek services from a real estate agent.
What do they do....
Real estate agents collect two or more stakeholders, take the necessary steps to successfully complete a transaction and charge a commission for their services.
For sales transactions, they charge the commission to the seller while for rental, is usually charged the landlord.
Real estate agents generally calculate their fee as a percentage of the sales price on sale and as part of the rent for rental units.
How are they doing
People who want to sell or rent their property leave details of their property with the real estate agent.
Along with all property details, real estate agents will usually have keys to the house to facilitate exhibitions.
The other interested party ie the buyer tenant will have access to this information and to the property by contacting the real estate agent.
Then real estate agents become a hub for information.
Contrary to some common misconceptions, real estate agents usually represent the seller or buyer, but rarely both.
Why should I use one ...
First and foremost to protect yourself. Real estate transactions are highly regulated, high paper document intensive transactions.
Brokers have a deep knowledge of laws, rules, regulations, disclosures and documentation that are necessary to successfully complete the transaction to the buyer, seller and the law.
Since real estate agents are most familiar with local real estate market conditions, it is wise and sensible to seek advice from one to get an idea of current trends and pricing for real estate in that market.
A good real estate agent knows the prices or price range of different properties of different types and at different locations within the region.
Because of real estate agents knowledge and expertise, real estate agents often get a few thousand dollars more for their property.
Many haunted, including experienced real estate investors, use real estate agents to find the best real estate deals in the easiest and fastest way.
In addition, the best agents analyze the terms and needs of a home buyer tenant and provide valuable information about what features are available within their budget. Therefore, a good real estate agent will not only present a list of available properties for the buyer tenant but will actually discuss their needs and submit proposals.
The good real estate broker, who works in this way, has advantages in at least two ways ...
First and most obviously, when the real estate broker can complete the transaction, the commission is earned and the real estate agent is paid ...
Secondly, if they make the customer customer happy, they earn a good reputation and often get referrals hence more business.
Nothing worth ...
It is worth noting that there is a myth that flows around the fact that real estate agents only work on the sellers behalf, the buyer beware.
This is not written in stone or it is always the case. Real estate agents are highly regulated in most regions.
With few exceptions, real estate agents work either for the seller as is the case with many listing agents or for the buyer as is the case for a buyers agent.
In addition, certain areas for dual agencies allow an agent to work for both the seller and the buyer or as a broker in which the agent represents the transaction itself and neither the seller nor the buyer individually.
However, in the case of dual agencies brokers, note that the rule, legislation and ethics do not allow the agent to act for either party, but to the detriment of the other.
If you are unsure of the relationship between you and your real estate agent, do not hesitate to ask.