II) Estate Agents : Usually work with a broker. They are usually provide their services to a licensed real estate broker on a contract basis. In return, they will be pay by a portion of commission earned from the sale of the property. Nature of work: 21 I) ii) 22
When selling property, brokers and agents arrange for title searches to verify ownership and for meetings between buyers and sellers during which they agree to the details of the transactions. In a final meeting, the new owners take possession of the property. Agents and brokers also act as intermediaries in price negotiations between buyers and sellers. They may help to arrange financing from a lender for the prospective buyer, which may make the difference between success and failure in closing a sale. In some cases, brokers and agents assume primary responsibility for finalizing, or closing, sales, but typically this function is done by lenders or lawyers. Agents and brokers spend a significant amount of time looking for properties to buy or sell. They obtain listings—agreements by owners to place properties for sale with the firm. When listing a property for sale, agents and brokers compare the listed property with similar properties that recently sold, to determine a competitive market price for the property. Following the sale of the property, both the agent who sold it and the agent who obtained the listing receive a portion of the commission. Thus, agents who sell a property that they themselves have listed can increase their commission. Nature work that done by a real estate broker or agent before they showing residential properties to a potential buyer:
23 The following are the general step to become an Estate Agent or even a licensed Estate agent: 23
But however only those who don’t have any felony convictions in the U.S. or abroad within the last ten years are allow to get the real estate agent license. Besides, the post- licensing classroom hours should be complete within a specified period of time that 24 1 8 y e a r s o l d / m i n i m u m 2 1 y e a r s o l d i n s o m e s t a t e w h o s e c o m p l e t e h i g h s c h o o l o r e q u i v a l e n t . S u c c e s s f u l l y c o m p l e t e a p r e - l i c e n s i n g c o u r s e i n t h e s t a t e ( m o s t l y 4 0 - 5 0 h o u r s ) / D e g r e e c o u r s e i n r e a l e s t a t e a g e n t . G e t p r e p a r e w i t h a n a m o u n t o f m o n e y t o p a y f o r t h e a p p l i c a t i o n o r l i c e n s i n g f e e s .
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- Winter '16
- dr lizam
- property manager