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