Real estate agents play an important role in bringing buyers and sellers together. Furthermore, several real estate agents handle leases, introducing tenants to landlords and overseeing property maintenance on behalf of the landlords. Real estate agents are typically expected to be highly trained, licenced, and governed by a governing body in most countries. check out here for more info.
Realtors are real estate brokers who also work as Realtors. A real estate agent must be a member of the National Association of Realtors to use the term Realtor, which, among other things, allows Realtors to follow a stringent code of ethics and provides Realtors with additional educational and designation opportunities. Using the services of a Realtor is not mandated by statute, but it could be a wise decision.
What Do They Really Do? Real estate agents put together two or more interested parties, execute the steps required to complete a deal successfully, and charge a fee for their services. They charge fee to the seller in sales transactions, and commission to the landlord in rental transactions. In most cases, real estate agents charge a percentage of the purchase price (in the case of a sale) or a percentage of the rent (in the case of a rental unit).
What Makes Them Do It…
Property details are left with the real estate agent by people who want to sell or rent their home. The real estate agent would usually have keys to the house in addition to other property information to encourage showings. By contacting the real estate agent, the other interested party (i.e. the buyer/tenant) gains access to this information as well as the house. As a result, the real estate agent becomes a knowledge centre. Contrary to popular belief, real estate agents typically serve either the seller or the buyer, and sometimes both.
Why Should I Make Use of One? To begin with, you must safeguard yourself. Real estate transactions are highly regulated and rely heavily on paper (documents). The real estate agent has a thorough understanding of the laws, rules, regulations, disclosures, and documents required to effectively complete the transaction to the buyer’s, seller’s, and legal satisfaction.
Since real estate agents are the most knowledgeable about local real estate market conditions, it is prudent and prudent to seek their advice in order to gain an understanding of current trends and pricing for properties in that market. A good real estate agent would be familiar with the prices (or price ranges) of various types of properties in various parts of the country.