The Biggest Lie In REAL ESTATE AGENT

Real auctions 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 with respect to the landlords.
In most areas real estate agents must be highly educated, licensed and so 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 in addition to a number of other requirements, requires Realtors to adhere to a strict code of ethics and offers Realtors additional educational and designation opportunities.
Though not required by rule or law, it might be a wise decision to get the services of a Realtor.

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 for his or her services.
For sales transactions, they charge commission to the seller while for rentals, commission is typically charged the landlord.
Real estate agents generally calculate their fee as a share of the value (in the case of a sale) and as area of the rent for rental units.

How Do They Do It…

People who want to sell or rent their house leave details of their house with the real estate agent.
Along with all property details the true estate agent will typically have keys to the home to facilitate showings.
Another interested party (i.e. the buyer/tenant), gets access to this information and to the house by contacting the true estate agent.
That’s how the 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 protect yourself. Property transactions are highly regulated, highly paper (document) intensive transactions.
The true estate agent possesses an in depth understanding of the laws, rules, regulations, disclosures and documentation essential to successfully complete the transaction to the satisfaction of the buyer, the seller and the law.

Because real estate agents are most familiar with local real estate market conditions, it really 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 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 a few thousand dollars more for his or her property.

Many home seekers, including seasoned property investors use real estate agents to find the best real estate bargains in easy and simple 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 available to them of 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 real estate agent, working in this manner benefits in at the very least two ways…
First and most obviously, when the real estate agent is able to successfully complete the transaction the commission is earned and the real estate agent is paid…
and secondly, should they make the customer/client happy they earn an excellent reputation and frequently receive referrals (hence more business).

Worth Noting…

It is worth noting that there is a myth going swimming that realtors only work on behalf of owner, buyer beware.
This is simply not written in stone nor is it always the case. Realtors are, generally 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 buyer (as may be the case for a buyer’s agent).
estate agents 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 in fact the agent represents the transaction itself and neither owner nor buyer individually.

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

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