Real auctions are professionals instrumental in connecting the buyer with the seller.
Additionally, many real estate agents manage rentals wherein they introduce tenants to landlords and oversee the maintenance of the property with respect to the landlords.
In most areas real estate agents must be highly educated, licensed and are regulated by way of a governing body.
Some real estate agents are also Realtors.
To use the title Realtor, an agent must be an associate of the National Association of Realtors which in addition to a number of other requirements, requires Realtors to adhere to a strict code of ethics and will be offering Realtors additional educational and designation opportunities.
Though not required by rule or law, it might be a wise decision to get the services of an agent.

What Do They Do….

Real estate agents bring together several interested parties, perform those steps necessary to successfully conclude a transaction and charge a commission for their services.
For sales transactions, they charge commission to the seller while for rentals, commission is normally charged the landlord.
Real estate agents generally calculate their fee as a percentage of the selling price (in the case of a sale) and as area of the rent for rental units.

How Do They TAKE ACTION…

People who want to sell or rent their house leave details of their property with the true estate agent.
Alongside all property details the real estate agent will typically have keys to the home to facilitate showings.
The other interested party (i.e. the buyer/tenant), gets usage of this information and to the property by contacting the real estate agent.
That’s how the agent becomes a hub of information.
Contrary to some typically common misconceptions, realtors typically represent the seller or the buyer but rarely both.

moving home Why MUST I Use One…

First and foremost, to protect yourself. Real estate transactions are highly regulated, highly paper (document) intensive transactions.
The true estate agent possesses a detailed knowledge of the laws, rules, regulations, disclosures and documentation essential to successfully complete the transaction to the satisfaction of the buyer, the seller and regulations.

Because realtors are most acquainted with local real estate market conditions, it really is wise and makes sense to get the advice of one to obtain an idea of the existing trends and pricing for properties within that market.
A good real estate agent will know the prices (or price range) of varied properties of different kinds and at various locations within the region.

Because of the real estate agent’s knowledge and expertise, property sellers often get a few thousand dollars more for their property.

Many home seekers, including seasoned property investors use the services of real estate agents to locate the best real estate bargains in the easiest and quickest manner.

Furthermore, the best agents analyze the wants and needs of a house buyer/tenant and provide valuable input as to the kinds of properties open to them within their budget. Therefore, a good real estate agent will not just present a listing of available properties to the buyer/tenant but will in actuality discuss their needs and make suggestions.

The good real estate agent, working in this fashion benefits in at least two ways…
First and most obviously, when the real estate agent will be able to successfully complete the transaction the commission is earned and the true estate agent is paid…
and secondly, should they make the customer/client happy they earn a good reputation and frequently receive referrals (hence more business).

Worth Noting…

It is worth noting that there is a myth floating around that realtors only focus on behalf of the seller, buyer beware.
This is simply not written in stone neither is it always the case. Real estate agents are, in most regions, highly regulated.
With few exceptions, realtors work either for the seller (as is the case with many listing agents) or for the buyer (as may be the case for a buyer’s agent).
Additionally, some areas enable dual agency where an agent can work for both the seller and the customer or as a transaction broker where in fact the agent represents the transaction itself and neither owner nor buyer individually.

However, regarding dual agency/transaction brokerage, remember that rule, regulation (law) and ethics do not permit the agent to do something in favor of either party during detriment to the other.
Should you be unsure of the partnership between you and your agent, usually do not hesitate to ask.

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