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Which Type Of Real Estate Agent To 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 countless of foreclosed properties that you are sure to find as well as residences listed on rock bottom prices just for the mortgage loan providers to get the revenue that’s due to them. By taking advantage of the realtor’s service, you are certain to find the best deal on the market. To know more how you can retain the offered services of a real estate agent that’s perfect for you ,keep reading to know more. 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 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 – this real estate agent is enlisted by the buyer in an effort to help them save the highest possible amount when buying a house. Such real estate agent gets a portion of the sales price and with that in mind, the buyer pays the agent a portion 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 – they’re representing both the buyer as well as the vendor equally for this type of agent. This type of business often takes place when the prospective homebuyer hires a broker as buyer’s agent and then, chose to place offer on house or property that the agent listed. As for this agent, they are not representing either client. This type of real estate agent isn’t offering guidance to client and they work only to seal the deal. He or she will put in place appointments for house inspections and talk about the mortgage company but won’t offer any guidance in regards to the sales price. There are lots of money saving deals that you are going to find in the current real estate market. 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.