The Secret of REAL ESTATE AGENT

Real auctions are professionals instrumental in connecting the customer with the seller.
Additionally, many real estate agents manage rentals wherein they introduce tenants to landlords and oversee the maintenance of the property on behalf of the landlords.
estate agents In most areas real estate agents are required to be highly educated, licensed and are regulated by way of a governing body.
Some real estate agents are also Realtors.
To use the title Realtor, a real estate agent must be an associate of the National Association of Realtors which and a amount of other requirements, requires Realtors to stick to a strict code of ethics and will be offering Realtors additional educational and designation opportunities.
Though not required by rule or law, it might be a wise decision to seek the services of a Realtor.

What Do They Do….

Real estate agents gather two or more interested parties, perform those steps essential to successfully conclude a transaction and charge a commission for their services.
For sales transactions, they charge commission to owner while for rentals, commission is normally charged the landlord.
Realtors generally calculate their fee as a percentage of the value (in the case of a sale) and as the main rent for rental units.

How Do They Do It…

People who want to sell or rent their property leave details of their property with the true estate agent.
Alongside all property details the true estate agent will routinely have keys to the house to facilitate showings.
The other interested party (i.e. the buyer/tenant), gets usage of this information and to the house by contacting the real estate agent.
That’s how the real estate agent becomes a hub of information.
Contrary to some typically common misconceptions, realtors typically represent owner or the buyer but rarely both.

Why MUST I Use One…

First and foremost, to protect yourself. Property transactions are highly regulated, highly paper (document) intensive transactions.
The real estate agent possesses a detailed understanding of the laws, rules, regulations, disclosures and documentation essential to successfully complete the transaction to the satisfaction of the buyer, the seller and regulations.

Because realtors are most familiar with local real estate market conditions, it is wise and makes sense to seek the advice of one to obtain an idea of the existing trends and pricing for properties within that market.
A good real estate agent will know the costs (or price range) of varied properties of different types and at various locations within the spot.

Because of the property agent’s knowledge and expertise, property sellers often get yourself a few thousand dollars more for their property.

Many home seekers, including seasoned property investors use real estate agents to locate the best property bargains in the easiest and quickest manner.

Furthermore, the very best agents analyze the wants and needs of a home buyer/tenant and provide valuable input as to the kinds of properties open to them within their budget. Therefore, a good agent will not just present a list of available properties to the buyer/tenant but will in actuality discuss their needs and make suggestions.

The good agent, working in this fashion benefits in at the very least two ways…
First and most obviously, when the real estate agent has the ability 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 a good reputation and often receive referrals (hence more business).

Worth Noting…

It is worth noting that there is a myth floating around that realtors only work on behalf of the seller, buyer beware.
This is simply not written in stone nor is it always the case. Realtors are, in most regions, highly regulated.
With few exceptions, realtors work either for owner (as may be the case with many listing agents) or for the buyer (as may be the case for a buyer’s agent).
Additionally, some areas enable dual agency where an agent can work for both seller and the buyer or as a transaction broker where in fact the agent represents the transaction itself and neither the seller nor buyer individually.

However, in the case of dual agency/transaction brokerage, remember that rule, regulation (law) and ethics usually do not permit the agent to do something and only either party while in detriment to the other.
When you are unsure of the partnership between you and your real estate agent, do not hesitate to ask.