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Which Type Of Real Estate Agent To Hire? It is relatively easy to buy a great property at an incredible price with the current status of the real estate market today. 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 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. It is always in the agent’s best interest to get highest sales price of the house or property because at the end of the transaction, they are going to get a cut from the final sales price. 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. 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 – they’re representing both the buyer as well as the vendor equally for this type of agent. 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. This real estate agent does not provide guidance to either 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. 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.