All About Real Estate Agents

Who Are They?

Real estate agents are specialists who help buyers and sellers interact.

Furthermore, several real estate agents handle leases, introducing tenants to landlords and overseeing property maintenance on their behalf.Do you want to learn more? Visit Merrick Property Group – Real Estate Agent – Emu Heights real estate company

In most countries, real estate agents must be highly trained, licenced, and governed by a governing body.

Some realtors are also real estate brokers.

To use the title Realtor, a real estate agent must be a member of the National Association of Realtors, which, among other things, allows Realtors to follow a specific code of ethics and provides Realtors with additional educational and designation opportunities.

Though it is not needed by rule or statute, hiring a Realtor can be a wise decision.

What They Do…. Real estate agents put two or more interested parties together, execute the steps required to successfully close a deal, and charge a fee for their services.

In sales transactions, commission is usually paid to the seller, while in rental transactions, commission is typically charged to the landlord.

Real estate agents’ fees are usually calculated as a percentage of the purchase price (in the case of a sale) or as a percentage of the rent (in the case of a rental unit).

How They Do It… People who want to sell or rent their property leave information about it with a real estate agent.

In addition to all property details, the real estate agent would usually have keys to the house to enable showings.

By contacting the real estate agent, the other interested party (i.e. the buyer/tenant) gains access to this information and the house.

That is how a real estate agent becomes a resource for details.

Contrary to popular belief, real estate agents usually serve either the seller or the buyer, but not both.