| A real estate broker or an agent is a person who act | | | | property, he calls upon the agent to list in the |
| on behalf of the buyer and the seller i.e. customer | | | | market. The real estate broker will give you details |
| and the supplier. Real estate agent is otherwise called | | | | regarding the worth of your property, financing, |
| as sales person. More or less a sales person and the | | | | terms and condition prevailing in the market for your |
| real estate agent are one and the same. They find | | | | property. Even the brokers list your property to |
| the buyer and the seller who wish to buy and sell. | | | | other agents and also to general public. They help |
| They provide you information regarding the property | | | | you in all aspect to complete your sale. |
| and guidance to assist you while you are willing to | | | | Do you identify your agent, how? |
| buy and sell the property. We find real estate agent | | | | - Analyze properly in the market who is the ideal |
| any where around the world to guide us. In America, | | | | broker. |
| the relationship of agent or broker has been formed | | | | - Make sure that his listing are brought and sold |
| as per English common law to have a cordial | | | | correctly in the market. |
| relationship with their clients. The term estate agent | | | | - Ask him, how he will list your property in the |
| is used to refer the agent. | | | | market. |
| What is equity? | | | | - Ask him to describe, how he identified the true |
| The term equity refers to the cash value or a | | | | value of your house.You can ask yourself a variety |
| monetary interest given for your house minus the | | | | of queries to identify a proper agent. When you |
| loan you obtained for your house. Even the additional | | | | identified, you do not have to worry how to buy or |
| cost incurred for selling a house will also be included. | | | | sell a house. |
| While buying a home you do not have money for | | | | Brokerage: For completion of his work successfully, a |
| down payment, you can enter an agreement with | | | | broker or agent get commission or brokerage for the |
| the seller that you pay in a proper sum. It allows you | | | | services rendered. The commission percentage will be |
| performing needed repairs and maintenance such as | | | | decided upon the value of the property, he/she |
| painting, electric work etc | | | | arranged for the seller or the buyer. Usually states |
| In a real estate agent we have two types of agent: | | | | like America they have a fixed percentage around 5 |
| sellers agent and the buyers agent. | | | | to 10% Commission for a real estate. Both the seller |
| Buyers Agent: Buyer agent is a person who acts on | | | | and the buyer have to pay the commission. They |
| behalf of the buyer who wishes to buy. The agent | | | | can even transfer among them self. Commission will |
| will find the properties which are listed in the market | | | | differ for each country according to their popularity. |
| for sale. The broker will act as per the desire of | | | | The expenses incurred by the broker will also be paid |
| buyer. The real estate agent will provide information | | | | by the buyer and the seller. |
| regarding each property in the market and they also | | | | Thus, real estate is a type of business where three |
| guide you in every aspect. They recommend on | | | | parties involved. Namely seller, buyer and the agent. |
| behalf of the buyer about the terms & prices | | | | With the help of this service many are benefited. |
| offered for sale. A real estate agent will help you | | | | Real estate agent plays a vital role in developing the |
| while negotiating the transaction and guide you in the | | | | economy of the people. They provide useful services |
| final process. | | | | for the economy. One wants to sell or buy a |
| Sellers Agent: He is a person who acts as per the | | | | property he/she can refer a real agent. |
| desire of the seller. If the seller wants to sell his | | | | |