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Discussing The Different Types Of Real Estate Agents With the present status of real estate market, it is quite simple to find a great property at remarkable price. There are so many foreclosed homes that you are going to find and residences listed on rock bottom prices as the mortgage loan providers just want to get the revenue due to them. By taking advantage of the service offered by the realtor, you are guaranteed to find the best deal on the market. You may as well want to keep reading to be able to learn more how you are going to retain the services offered by a real estate agent. The seller’s agent, buyer’s agent and a dual agent are the 3 different types of real estate agent that you can hire in today’s modern housing world and you’re going to learn more about them below.
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Seller’s agent – getting the most money probable is the main function of such vendor. The agent will receive a cut from the final sales price and for that, it’s in their best interest to get optimal sales prices of the house or property. Always, the listing agent is the seller’s agent as they’ve vested interest in getting optimum sales price and for that, they are always representing the vendor.
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Buyer’s agent – such real estate agent is being hired by buyer and see to it that they can save the highest possible amount 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. With this, the buyer’s real estate agent is able to generate good amount of profit while representing the buyer. Most of the time, such agent is charging clients between 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. As for this agent, they are not representing either client. Such real estate agent is not providing any guidance to either client and they work only to seal the deal. The agent is going to place appointments for house inspections and will discuss about the mortgage company but you won’t see them offering 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. It’s integral that you make yourself aware of the different types of agency that offers their service before you opt to hire a real estate professional.