3 Types Of Real Estate Agents You May Hire With the current status of the real estate market today, it is relatively easy to buy a great property at an incredible price. There are lots of foreclosed homes that you can find and residences that are listed on rock bottom prices because the mortgage loan providers just want to get the revenue due to them. By taking advantage of the realtor’s service, you are certain to find the best deal on the market. Keep reading to be able to know more how you can retain the offered services of a real estate agent that’s perfect for you. In today’s modern housing world, you are going to find 3 different kinds of real estate agents and these are the seller’s agent, buyer’s agent and a dual agent which you will learn more below.
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Seller’s agent – the main function of such is to get them the most money probable. The agent is going to get a cut from the final sales price and with that, it’s always in their best interest to have optimal sales prices of the house or property. The listing agent is basically the seller’s agent because they’ve vested interest on how to get optimum sales price and having said that, they are representing the vendor always.
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Buyer’s agent – such real estate agent is hired by the buyer and endeavor to save them the highest money when buying a house. This real estate agent is getting a portion of the sales price and for this reason, the buyer pays the agent a percentage of the final price. This kind of contract lets the buyer’s real estate agent to garner good amount of profit while representing the buyer. Such agent most of the time charges clients around 4 to 6 percent commission rate for the representation. Dual agent – this agent is equally representing the buyer and the vendor. This type of business will take place when the prospective homebuyer has hired a broker as their buyer’s agent and opted to place an offer on the house or property that the agent listed. This real estate agent isn’t representing either client. Such real estate agent is not providing any guidance to either client and they work only to seal the deal. He or she is going to make appointments for house inspections and talk about the mortgage company but will not offer guidance in regards to the sales price. In current real estate market, there are tons of money saving deals that you are sure to find. Before you decide to hire a real estate professional, it is crucial that you familiarize yourself with the different types of agency that offers their service.