| Introduction: | | | | wants to sell his property, he calls upon the |
| | | | agent to list in the market. The real estate |
| A real estate broker or an agent is a person | | | | broker will give you details regarding the |
| who act on behalf of the buyer and the seller | | | | worth of your property, financing, terms and |
| i.e. customer and the supplier. Real estate | | | | condition prevailing in the market for your |
| agent is otherwise called as "sales person". | | | | property. Even the brokers list your property |
| More or less a sales person and the real | | | | to other agents and also to general public. |
| estate agent are one and the same. They find | | | | They help you in all aspect to complete your |
| the buyer and the seller who wish to buy and | | | | sale. |
| sell. | | | | |
| | | | Do you identify your agent, how? |
| They provide you information regarding the | | | | |
| property and guidance to assist you while | | | | Analyze properly in the market who is the |
| you're willing to buy and sell the property. | | | | ideal broker. |
| We find real estate agent any where around | | | | |
| the world to guide us. In America, the | | | | Make sure that his listing are brought and |
| relationship of agent or broker has been | | | | sold correctly in the market. |
| formed as per English common law to have a | | | | |
| cordial relationship with their clients. The | | | | Ask him, how he will list your property in |
| term estate agent is used to refer the agent. | | | | the market. |
| | | | |
| What is equity? | | | | Ask him to describe, how he identified the |
| | | | true value of your house. |
| The term equity refers to the cash value or a | | | | |
| monetary interest given for your house minus | | | | You can ask yourself a variety of queries to |
| the loan you obtained for your house. Even | | | | identify a proper agent. When you identified, |
| the additional cost incurred for selling a | | | | you don't have to worry how to buy or sell a |
| house will also be included. While buying a | | | | house. |
| home you don't have money for down payment, | | | | |
| you can enter an agreement with the seller | | | | Brokerage: for completion of his work |
| that you pay in a proper sum. It allows you | | | | successfully, a broker or agent get |
| performing needed repairs and maintenances | | | | commission or brokerage for the services |
| such as painting, electric work etc | | | | rendered. The commission percentage will be |
| | | | decided upon the value of the property, he |
| In a real estate agent we have two types of | | | | she arranged for the seller or the buyer. |
| agent: seller's agent and the buyer's agent. | | | | Usually states like America they have a fixed |
| | | | percentage around 5 to 10% Commission for a |
| Buyer agent: buyer agent is a person who acts | | | | real estate. Both the seller and the buyer |
| on behalf of the buyer who wishes to buy. The | | | | have to pay the commission. They can even |
| agent will find the properties which are | | | | transfer among them self. Commission will |
| listed in the market for sale. The broker | | | | differ for each country according to their |
| will act as per the desire of buyer. The real | | | | popularity. The expenses incurred by the |
| estate agent will provide information | | | | broker will also be paid by the buyer and the |
| regarding each property in the market and | | | | seller. |
| they also guide you in every aspect. They | | | | |
| recommend on behalf of the buyer about the | | | | Thus, real estate is a type of business where |
| terms & prices offered for sale. A real | | | | three parties involved. Namely seller, buyer |
| estate agent will help you while negotiating | | | | and the agent. With the help of this service |
| the transaction and guide you in the final | | | | many are benefited. Real estate agent plays a |
| process. | | | | vital role in developing the economy of the |
| | | | people. They provide useful services for the |
| Seller's agent: he is a person who acts as | | | | economy. One wants to sell or buy a property |
| per the desire of the seller. If the seller | | | | he/she can refer a real agent. |