Real
Estate Agent
An individual who works for a real estate broker, but acts
as the broker’s salesperson to conduct business.
A real estate agent helps buy and sell property and in
exchange is given a commission from the sale.
A real estate agent has a fiduciary responsibility to
act in the buyer or seller’s best interest depending upon
the arrangement.
Tips
for home buyers:
-
Find
one or two real estate agents that will find you
properties. If you are a real estate investor, find
at least one agent that has experience with government
foreclosures.
- If you
are
confident about an agent abilities, a buyer's agency
agreement will allow him/her to work on your behalf.
They should not be paid until they find you a house and any
payment should come from the sale. Usually, the
agent/brokers will split commissions.
Tips
for sellers:
-
Get
references for any real estate agent you are
considering. Selling a home is a huge deal and one
of the most important decisions you will make in your life
and it involves a lot of money. Be picky. A
good agent will work hard for you and get the best price.
-
Consider
trying to sell your home on your own. You can make
thousands of dollars more if you don't use an agent.
However if you want to sell your house without an agent
you must price the house near market value and be
patient. Visit us for more information on how you
can get the best price possible for your home when you
decide to sell.
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