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Real Estate Sales Representative are people who help in connecting the buyer to the seller. Many Real Estate Sales Representative also assist with rentals wherein they connect tenants with landlords and sometimes maintain a property on behalf of the landlords. The Real Estate Sales Representative will work by linking the two interested parties and charging a commission once a deal is complete and closed.
They charge commission only to the seller of a property but sometimes for rentals the commission is billed to each side of the transaction being the buyer and seller. Realtors often calculate the fee as a percentage of the closing price and as part of the rent when the deal is a lease or rental. Those who want to sell a property will leave the details of the property with the Realtor. The other interested party, gets access to this information by contacting the real estate agent or often by accessing it on the internet. That's how the Realtors become the central source of information.
A lot of home seekers (including real estate investors) use the services of real estate agents not just for getting good deals but also getting them quick. Since real estate agents are probably most familiar with the market situation in their region of operation, it makes sense to approach them to get an idea of the going rate for properties in that region. Real estate agents would generally know the prices of various properties of different types and at various locations in the region.
A home owner can possibly get more money for his home by using the advice received from a real estate agent. A good Realtor will also analyze the needs of a home buyer and make suggestions on what kind of home could be available to them.
So a good real estate agent will not just throw a list of available properties to the buyer/ tenant but will actually discuss their needs and make a suggestion. This, in fact, works in the favour of real estate agent in two ways. Firstly, if the real estate agent is able to sell the house they get their commission and secondly, if they make the buyer happy too they earn a good reputation (and hence more business).
However, it is worth noting that Realtors work on seller's behalf. Unless a Buyer Agency contract is signed. Finding the right Realtor to buy or sell your next house can make the process much easier and enjoyable.
They charge commission only to the seller of a property but sometimes for rentals the commission is billed to each side of the transaction being the buyer and seller. Realtors often calculate the fee as a percentage of the closing price and as part of the rent when the deal is a lease or rental. Those who want to sell a property will leave the details of the property with the Realtor. The other interested party, gets access to this information by contacting the real estate agent or often by accessing it on the internet. That's how the Realtors become the central source of information.
A lot of home seekers (including real estate investors) use the services of real estate agents not just for getting good deals but also getting them quick. Since real estate agents are probably most familiar with the market situation in their region of operation, it makes sense to approach them to get an idea of the going rate for properties in that region. Real estate agents would generally know the prices of various properties of different types and at various locations in the region.
A home owner can possibly get more money for his home by using the advice received from a real estate agent. A good Realtor will also analyze the needs of a home buyer and make suggestions on what kind of home could be available to them.
So a good real estate agent will not just throw a list of available properties to the buyer/ tenant but will actually discuss their needs and make a suggestion. This, in fact, works in the favour of real estate agent in two ways. Firstly, if the real estate agent is able to sell the house they get their commission and secondly, if they make the buyer happy too they earn a good reputation (and hence more business).
However, it is worth noting that Realtors work on seller's behalf. Unless a Buyer Agency contract is signed. Finding the right Realtor to buy or sell your next house can make the process much easier and enjoyable.
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