|
|
RESOURCES
• Agents in real estate
• The deal in mortgaging
• Hidden Cost in mortgaging –
Plan for your finance
• Mortgaging or Rent – vital decision
• Refinance - The competitive market
• Plan your finance – mortgaging is an
additional burden
• Borrowing in Real Estate
• Mortgaging Jargons
• The Fundamental Needs
RELATED LINKS
|
|
|
Agents in Real Estate
The paradigm shift from a rented dwelling unit to a mortgaging home have brought an inescapable change in the society and many people have also shifted their career to this segment due to the lucrative glamour and money. A recent survey has revealed that there are over 4,00,000 real estates brokers and agents all over the United States only.
Now let us try to find out what the term agent means in real estate. According to the definition, any individual or a corporation, who is engaged in the transferring process of any real estate, is called a real estate agent. An agent who helps the buyers, is called the buyer’s agent and an agent, who helps the seller is called the seller’s agent. There is another type called Dual agent, who helps the both. They work more on mixed agency format or may be termed as a 50/50 dealmakers.
A buyer agent is primarily responsible to safeguard the buyer’s agent, whereas the seller’s agent is responsible for safeguarding the seller’s interest. The seller’s agent is also called the listing agent as they try to list the property for sale in different boards and forums. The buyer’s agents have got access to several multiple listing Services (MLS), from where they try to bring the best deals for the buyers. There is another special types of agents, called exclusive buyer’s agents (EBA), who work only with buyers. To further safeguard the buyer’s community, several accreditation certificates like Accredited Buyer Representative (ABR) have come up in the recent past.
Whatever the case may be, the agent has to enter into an agreement with the buyer or the seller, to be termed as the buyer’s or the seller’s agent.
|
|
|
