Real estate agents are professionals instrumental in connecting the customer with the seller.
Additionally, many realtors 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 are required to be highly educated, licensed and are regulated by a governing body.
Some real estate agents may also be Realtors.
To utilize 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 stick to a strict code of ethics and will be offering Realtors additional educational and designation opportunities.
Though not necessary by rule or law, it may be a wise decision to seek the services of a Realtor.

What Do They Do….

Real estate agents gather two or more 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 owner while for rentals, commission is normally charged the landlord.
Real estate agents generally calculate their fee as a share of the value (in the case of a sale) and as area of the rent for rental units.

How Do They Do It…

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

Why Should I Use One…

First and foremost, to safeguard yourself. Real estate transactions are highly regulated, highly paper (document) intensive transactions.
The real estate agent possesses an in depth understanding of the laws, rules, regulations, disclosures and documentation necessary to successfully complete the transaction to the satisfaction of the customer, the seller and the law.

Because real estate agents are most acquainted with local market conditions, it is wise and makes sense to seek the advice of one to get an idea of the current 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 spot.

Because of the property agent’s knowledge and expertise, property sellers often get a few thousand dollars more for his or her property.

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

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

The good agent, working in this manner benefits in at the very least two ways…
First and most obviously, once the real estate agent has the capacity 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 an excellent reputation and often receive referrals (hence more business).

Worth Noting…

It is worth noting that there surely is a myth floating around that realtors only focus on behalf of owner, buyer beware.
This is simply not written in stone nor is it always the case. Realtors are, generally in most regions, highly regulated.
With few exceptions, real estate agents work either for owner (as may be the case with many listing agents) or for the buyer (as is the case for a buyer’s agent).
Additionally, some areas enable dual agency where an agent can work for both 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, in the case of 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.
In case you are unsure of the relationship between you and your agent, usually do not hesitate to ask.

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