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How to Choose a Reputable Real Estate Company?

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How to Choose a Reputable Real Estate Company?

  • 25 May 2023

Real estate agent basics

Agents in real estate assist buyers and sellers. Agents inform their customers on the state of the market, walk them through every step of the procedure, and introduce them to other experts like house stagers and real estate attorneys. Most agents are able to represent both buyers and sellers. Depending on who they are representing in the sale, their specific roles in that transaction will vary.

A buyer's agent helps buyers find and shop for listed homes, make competitive offers and negotiate with sellers.

A listing agent helps sellers price, list and market their homes, and negotiate with buyers.

In some cases, an agent can represent both sides in a single transaction, but it's best to have someone who's solely in your corner.

Realtor vs. real estate agent

Every real estate company needs to have a licence in the areas where they operate and follow local, state, and federal rules. The National Association of Realtors, which has more than 1.5 million members, is a group of licenced agents known as realtors. Members make a commitment to uphold the standards and code of ethics of the association.

Difference between a real estate agent and a broker

A real estate broker has received additional training, beyond what agents receive, to get a real estate broker license. Like agents, brokers must complete state-required coursework and pass an exam to get licensed. A broker can oversee other real estate agents, work under a managing broker or operate independently.

Will the agent represent my interests?

You could believe that the real estate agent you select will solely work to further your interests. Real estate brokers aren't always obliged by law to exclusively represent the buyer or the seller in a transaction, though. A "transactional agent" works with both parties but has no fiduciary duty to either, whereas a "dual agent" represents both the buyer and the seller in the same transaction.

It is crucial to comprehend the agent's responsibilities when working with you. The Consumer Federation of America suggests asking potential agents if they would exclusively serve your interests during the entire process and requesting a formal document that reveals the relationship.

How to choose a real estate agent

While you should compare agents' experience and approaches, it's just as important that the one you choose can establish rapport. Look for a competent agent who listens and responds to your needs and has a working style that clicks with yours. In buying or selling a home, people skills matter as much as real estate expertise.

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