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3 Types Of Real Estate Agents You May Hire With the present status of real estate market, it is quite simple to find a great property at remarkable price. There are lots of foreclosed homes that you can find and residences that are listed on rock bottom prices because the mortgage loan providers just want to get the revenue due to them. By taking advantage of the realtor’s service, you are certain to find the best deal on the market. Keep reading to be able to know more how you can retain the offered services of a real estate agent that’s perfect for you. You’re going to find 3 different kinds of real estate agents in today’s modern housing world and these include the seller’s agent, buyer’s agent and a dual agent which you will learn more below.
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Seller’s agent – getting the most money probable is the main function of such vendor. The agent is going to get a cut from the final sales price and with that, it’s always in their best interest to have optimal sales prices of the house or property. The listing agent is basically the seller’s agent because they’ve vested interest on how to get optimum sales price and having said that, they are representing the vendor always.
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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. 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. This kind of contract lets the buyer’s real estate agent to garner good amount of profit while representing the buyer. Such agent most of the time charges clients around 4 to 6 percent commission rate for the representation. Dual agent – for this type of agent, they are representing both the purchaser and vendor equally. 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. This real estate agent isn’t 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. In current real estate market, there are lots of money saving deals that you can find. Before opting to hire a real estate professional, it is integral that you’re aware of the various kinds of agency that is offering their service.