Real estate agents are licensed professionals that arrange real estate transactions between buyers or sellers. Listing agents are agents who represent sellers. Agents who represent buyers are also known as listing agents.
Although listing agents and buyers agents are sometimes allowed to work together, they rarely do so for the same transaction. Agents can guide their clients through the whole home-buying or selling process and provide valuable information and guidance at every step.
The commission is usually a percentage of the property’s purchase price. This is also known as REALTOR(r), fees.
What do real estate agents do?
Real estate agents, regardless of whether they are listing agents or buyer’s agents, act in the best interests of their clients. They act as liaisons between the parties, even during counteroffers and offers. They are available to answer questions during the entire process. Both sides have real estate agents:
- Guide the client through all paperwork
- Communicate with the client and all parties
- Please provide information about the inspection process
- Continue to support the client throughout the closing process
Both types of agents are involved but each agent provides different services for their clients. Remember that all agents in real estate should be:
- Be familiar with the local housing market and pricing
- Expertise in state and local real estate laws
- Understanding the needs of their clients
This is a look at the roles of real estate agents in a real estate transaction.
This post was written by Josh Dotoli! Josh is the owner of https://joshdotoligroup.com/ which is a laser-focused real estate team at Compass comprised of industry experts selling Fort Lauderdale’s best neighborhoods. This dynamic group is one of the top-selling real estate teams in South Florida with over $94 million in sales in the past 12 months alone.