Real estate agents are professionals instrumental in connecting the customer with the seller.
Additionally, many realtors manage rentals wherein they introduce tenants to landlords and oversee the maintenance of the property on behalf of the landlords.
In most areas real estate agents must be highly educated, 英國樓裝修 licensed and so are regulated by a governing body.
Some real estate agents are also Realtors.
To use the title Realtor, an agent must be an associate of the National Association of Realtors which in addition to a amount of other requirements, requires Realtors to adhere to a strict code of ethics and will be offering Realtors additional educational and designation opportunities.
Though not necessary by rule or law, it might be a wise decision to seek the services of an agent.
What Do They Do….
Real estate agents bring together two or more interested parties, perform those steps essential to successfully conclude a transaction and charge a commission because of their services.
For sales transactions, they charge commission to owner while for rentals, commission is typically charged the landlord.
Real estate agents generally calculate their fee as a share of the selling price (in the case of a sale) and as section of the rent for rental units.
How Do They TAKE ACTION…
People who want to sell or rent their property leave details of their house with the true estate agent.
Alongside all property details the true estate agent will routinely have keys to the home to facilitate showings.
Another interested party (i.e. the buyer/tenant), gets access to this information and to the property by contacting the real estate agent.
That’s how the real estate agent becomes a hub of information.
Contrary to some typically common misconceptions, real estate agents typically represent owner or the buyer but rarely both.
Why Should I Use One…
First and foremost, to safeguard yourself. Real estate transactions are highly regulated, highly paper (document) intensive transactions.
The true estate agent possesses an in depth knowledge of the laws, rules, regulations, disclosures and documentation necessary to successfully complete the transaction to the satisfaction of the buyer, the seller and the law.
Because real estate agents are most acquainted with local market conditions, it really is wise and makes sense to seek the advice of one to get an idea of the current trends and pricing for properties within that market.
A good real estate agent will know the costs (or price range) of various properties of different kinds and at various locations within the region.
Because of the property agent’s knowledge and expertise, property sellers often get yourself a few thousand dollars more because of their property.
Many home seekers, including seasoned property investors use the services of real estate agents to locate the best real estate bargains in the easiest and quickest manner.
Furthermore, the very best agents analyze the wants and needs of a house buyer/tenant and offer valuable input as to the kinds of properties open to them within their budget. Therefore, a good real estate agent will not just present a listing of available properties to the buyer/tenant but will in actuality discuss their needs and make suggestions.
The good agent, working in this manner benefits in at least two ways…
First and most obviously, when the real estate agent has the capacity to successfully complete the transaction the commission is earned and the real estate agent is paid…
. and secondly, if they make the customer/client happy they earn an excellent reputation and often receive referrals (hence more business).
It is worth noting that there surely is a myth going swimming that realtors only work on behalf of the seller, buyer beware.
This is simply not written in stone nor is it always the case. Real estate agents are, in most regions, highly regulated.
With few exceptions, real estate agents work either for owner (as may be the case with many listing agents) or for the customer (as is the case for a buyer’s agent).
Additionally, some areas allow for dual agency where an agent can work for both the seller and the buyer or as a transaction broker where the agent represents the transaction itself and neither owner nor buyer individually.
However, regarding dual agency/transaction brokerage, remember that rule, regulation (law) and ethics usually do not permit the agent to do something in favor of either party while in detriment to the other.
If you are unsure of the relationship between you and your real estate agent, do not hesitate to ask.