San Diego Real Estate - Real Estate Basics: Q
Posted by
Fraileytony
636 days ago
(http://www.universitycityrealestateagent.info)
Category: Media |
What do real estate agents or brokers do?
A. A suitable property for purchase can be found in many different ways. Driving through a desirable neighborhood will often disclose "for sale" signs posted on lawns. Advertisements for property by geographical location are listed in the classified section of almost every newspaper. Primarily, however, people find real estate through the use of a real estate agent or broker. Real estate agents charge a commission based on a percentage of the sales price of property sold. The percentage can vary widely and range from as little as 1% to as much as 6% or more. Often, the commissions are negotiable. As real estate brokers are almost invariably the agent for the seller; they owe a duty to the seller to act with the utmost of good faith. The agent will, therefore, attempt to obtain the highest possible purchase price for his client. A buyer may be able to locate an agent who will work just for him/her; such agents are sometimes called "buyer's brokers." A buyer's broker generally will charge by the hour or on a flat fee basis. Use the hyper-link to read the full article.
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