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