Real estate agents are licensed and certified professionals who help people buy, sell and invest in real estate. A real estate agent cannot become a broker without obtaining a license. However, people who haven’t dabbled in real estate, mistakenly think that a real estate broker and a realtor are essentially the same people.
It is normal for first-time real estate investors to be confused about such technicalities. This is where Motia Group offering the best flats in Zirakpur, steps in to set matters clear for you by explaining the different types of real estate agents:
Realtors
A realtor is a real estate agent who is a member of the National Association of Realtors. Real estate agents who wish to become realtors need to take a pre-license course and a licensing exam. Realtors are regarded with much more prestige and are considered more trustful, as they must always follow a strict ethical code. They also happen to have wider roles and therefore, charge higher fees.
Brokers
Brokers have experience in real estate and have higher educational qualifications. Once the agent obtains his brokerage license, he is free to open his real estate firm or continue to work as an agent. Some of the duties of a broker include – ascertaining the market value of properties, listing properties, showing properties to clients and providing advisory services to them, and negotiating prices and deals.
Selling Agents
Selling agents work for people, who wish to sell their property, represent their best interests in every real estate deal and transaction relating to the sale of the property. They provide their valuable services at each stage of the process. They prepare your home for listing, show it to potential buyers, negotiate price on the seller’s behalf to close the deal on a profit.
Buying Agents
Buying agents provide their real estate services to the people who intend to purchase property and represent their best interests. The buyer’s real estate agents must understand the needs and requirements of the buyers to show the most suitable properties. They also negotiate with the seller and their agents, assist with legal formalities and other paperwork.
Now that Motia Group has explained to you the different types of real estate agents working in the market, you need not be confused and can make better real estate decisions.
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