Real Estate Agent
Real estate agent is the person who seeks for sellers and buyers interested in selling and buying a home or a property. In US, a real estate broker was to follow fiduciary, a legal relationship of trust between two parties involved in dealing. If you are selling and buying a home, you usually hire the services of a real estate broker who will be your spokesman or representative.
If a real estate agent is hired by a seller, he will sign a listing agreement with the seller. With this signed agreement, the agent has a fiduciary duty to the seller. When hired by buyers, he helps buyers to purchase a property in best lowest possible price under some terms and conditions. If you are seeking to hire the services of a real estate agent, you should look for these qualities in him:
As a real estate agent if real estate is his/her part time job. This is a significant question to ask because a part time job holder might not dedicate his/her full concentration on your project. Then do not hire a broker who has just now arrived in the town, because a newbie agent may not handle your project with complete knowledge. Ask your real estate agent that what he charges for his/her services.
Because you must know that how much you are going to pay for hiring him/her. It is not necessary that only those brokers or agents render best services who charge heavy fees for their services, rather sometime, a mediocre real estate agent will cast his best services for the fees you offer him/her. When you set a search hunt of a real estate agent, you will find it complex to get the one who has owned a good reputation in his field and is suitable on your budget.
The buyers/sellers both get benefits while hiring the services of a real estate agent; instead of buying a property from a FSBO (For Sale By Owner), the buyer whose representative is a real estate agent will save from FSBO blues, plus it will save buyers’ time and money both while working with a realtor broker or agent.
In the same way, the seller who hires an agent will not have to bother much for selling of his property, because the paid agent will do efforts to increase the property’ price and will try to sale out seller’s property as soon as possible and with trusted and most prospective buyer. If your real estate agent abides by fiduciary, then your all confidential information is more secured. The agent will save your time because all paperwork and legalities are his responsibilities, and he will handle them by himself.
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