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 buyers and investors use the services of Realtors for getting good deals but also getting information on the newest properties available. Realtors are the most familiar with the market situation and it makes sense to approach them to get an idea of the current market value for properties in that region. Realtors know the prices of various properties types in various locations and are always able to give a Current Market Evaluation to determine what a property might be worth.
A property seller can possibly get a few thousands more for his/her property by using the advice received from a good real estate agent. A good real estate agent will also analyse the needs of a home buyer/tenant and provide suggestions on what kind of home could be available to them within their budget.
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 Real Estate Sales Representatives work on seller's behalf. So, beware if they are trying too hard to sell a property.
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 buyers and investors use the services of Realtors for getting good deals but also getting information on the newest properties available. Realtors are the most familiar with the market situation and it makes sense to approach them to get an idea of the current market value for properties in that region. Realtors know the prices of various properties types in various locations and are always able to give a Current Market Evaluation to determine what a property might be worth.
A property seller can possibly get a few thousands more for his/her property by using the advice received from a good real estate agent. A good real estate agent will also analyse the needs of a home buyer/tenant and provide suggestions on what kind of home could be available to them within their budget.
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 Real Estate Sales Representatives work on seller's behalf. So, beware if they are trying too hard to sell a property.
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