When you start wanting to look for a new home for yourself the person you will be talking to in and out will be your real estate agent. Of course you can do your part in figuring out what sort of neighbourhood you want to live in and what type of house you want. You can be going through the classifieds, scrolling down different websites looking for the perfect home, but you will need a professional to handle things for you. They are licensed and are authorized to carry out certain deals on behalf of you. Below are different types of real estate agents and the type of work they do.
Real estate broker
A real estate broker is usually the most experienced from the lot. He has all the professional qualifications and the industry experience required to work as an agent and also to own, run and manage a real estate agency. There are also some with all these qualifications, who still work for other firms, and are known as associate brokers. Just like any other real estate agent, these brokers keep track of all the happenings in the real estate market. The availability of houses, price ranges and open houses are all looked into by these agents.
Real estate agent
These agents have passed the necessary exams and are now licensed to sell any sort of real estate. Real estate agents usually work with real estate brokers because they do not yet have the necessary qualifications to manage and own one. Once you’ve found an agent for yourself depending on where you live, whether it’s a Hong Kong Parkview property sell off or a purchase of a New York fifth avenue apartment, they will handle it for you.
Buyer’s & seller’s agent
A buyer’s agent, is a real estate agent that works keeping in the mind the buyer’s interest. Looking for the ideal neighbourhood, the perfect house according to the requirements and the whole transaction process is done for you by this agent. For instance, there is a property managers Melbourne sell off and it’s your dream home. The buyer’s agent will put in an offer on your behalf and take care of all the proceeding that come after. Then, there is a seller’s agent also known as a listing agent that works solely for the seller. They take care of all the open houses and processes that take place during selling of a house.
A dual agent has both the buyer’s and seller’s interests at heart. These particular agents are considered legal, but can often result in having conflicts of interest, which is not going to be the ideal situation for either party.
Buying and selling a house put a lot of people’s money, time and energy at stake. Therefore, you must select a real estate agent that values your interests and give you the better option of the deal.