A real estate agent is one who is responsible for representing either the buyer, seller, or both parties in the real estate transactions. He/ she will also serve as a consultant to investors, guiding them and assisting them in achieving their investment objectives.
REALTOR
A realtor is the one that signs a contract with a buyer or seller and when he or she signs the contract he or she is legally bound to carry out all of the tasks specified in the agency agreement. A realtor is required by law and ethical code to put the client's interests first and to be honest and truthful in all of their transactions.
AGENT
On behalf of a realtor, the agent is licensed to promote and negotiate the sale or purchase of the real estate. The real estate agent assists the seller or buyer by taking images of the property, supplying marketing materials, arranging negotiations with other buyers or sellers, and handling the legal procedure to get all property papers.
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BROKER
The broker usually conducts his own market research to acquire property to sell or buy homes for his customers.
The broker will advertise and list your property, negotiate for the best possible purchase or sale price, and also advise the client on the different issues that may arise during the transaction process.
SELLER AGENT
The real estate agent deals with selling a property and expects a commission upon a successful sale. He will list a property with multiple listing service databases to allow easy access by other agents and potential buyers. The main purpose of the seller agent is to conduct research and come up with an appropriate sale price, and property showings, market your property and negotiate for the best terms of sale.
BUYERS AGENTS
The buyer's agent focuses on the needs of the buyer. He will listen to a buyer's exact property requirements and do research based on the buyer's agent's recommendations. He'll check over all of the available properties in the market, determine their availability and showing schedules, and propose the best home for you. They are continually on the lookout for new property listings and make plans to examine and inspect them.
A buyer's agent also assists their client in determining the finest financing choices. They also assist with the processing of paperwork required to complete a transaction. These documents contain, for example, the selling agreement and title paperwork.
DUAL AGENTS
This real estate agent works with both the buyer and the seller on the same property. Both parties normally have a contract with the agency and they have the right to withdraw from the contract if the dual agent fails to disclose his position in the transaction.
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