Hire a Real Estate Broker to Buy the Property you Want

July 23, 2007 by

real estate brokerThe function of a Real Estate broker is to act as an intermediary, a mediator between buyers and sellers of prime properties and Real Estate, and Real Estate brokers also find out house owners who want to sell and clients who want to buy homes. However, each Real Estate broker has his own way of working, and two agents might not work in the same way.

It is vital that a Real Estate agent or broker must be very well connected to the Real Estate industry and also have great know-how about the way the industry works. Every client will expect the Real Estate agent to have a deep knowledge about the market, and the broker will have to give information on the present Real Estate listings, earlier sales, he should have an efficient and practical marketing strategy and some good references. It is of prime importance that people look for a Real Estate agent who is sincere, confident, and who completely understands the requirements of both buyers and sellers.

In the United States, the Real Estate brokers and their sales people are called Real Estate agents, and they help property sellers in selling their homes and marketing it on the best terms at the best premium price. When Real Estate agents act on behalf of the buyer of a property, they work under a signed agreement, and help the buyers purchase the property on the best terms at the lowest possible price. The agents earn their commission after the sales proceedings have been completed. When working without a signed agreement, the broker may help the buyer to the property, but is free to still represent the property seller and work with the seller’s best interests in his mind.

There are certain differences between a salesperson and a licensed Real Estate agent. After acquiring a few years’ worth of experience in Real Estate sales, a salesperson might choose to become a licensed Real Estate agent. In order to become a full-fledge broker, a lot more course work and a state licensure examination on Real Estate law has to be passed first. When a salesperson gets a Real Estate agent’s license, he can continue to work for another agent in the same capacity as he used to, or he could decide to set up his own brokerage firm and hire his own salespersons.

Most buyers usually ask their friends and relatives and business colleagues who have recently purchased a house in their preferred area to recommend or suggest a Real Estate agent or broker. Some buyers directly approach a realty office and some look through newspapers advertisements. People also come upon good agents when they visit an open house. You should interview several brokers till you find one you like, who is familiar with the area you’re interested in, who caters for houses in your price range, knows the local market situation, knows about what’s cool in that community, etc. It is important that you should feel comfortable with your broker.

By William King

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12 Responses to “Hire a Real Estate Broker to Buy the Property you Want”

  1. Canton real estate foreclosures on February 8th, 2009 11:31 am

    Real Estate agents are very helpful in assisting in the foreclosure market also. I would highly recommend one!

  2. house for sale philippines on April 14th, 2009 6:37 pm

    I definitely agree.. If i will buy a property by myself, there is no security.. That’s why there is a lot of advantages of having a real estate broker…


  3. travis on May 20th, 2009 8:25 pm

    I actually work with these people every day!!!
    I take all the little middle work out and get you deals!!!!

  4. John Beck Tax Foreclosure on June 23rd, 2009 9:04 pm

    Hi, Sam here, running a small Real Estate Enterprise. I read some of your posts, it is quite grabbing as you have mentioned good details and information regarding the nature of properties.

  5. Staten Island Real Estate Agent on July 21st, 2009 6:08 am

    Its always a good idea to search with a real estate agent, mainly because they provide you with experience right off the bat. They are aware of the real estate market and of the entire real estate process. Even when there isn’t an buyers agreement the agent still helps out the buyer too their fullest.

  6. mortgage loan modification on August 13th, 2009 1:40 pm

    Nobody would go through a divorce without a lawyer, similarly, don’t purchase a property without a good Realtor.

  7. Brian Ward on July 13th, 2010 4:16 pm

    Best summary of good real estate buying advice I’ve seen.

  8. Bob H on July 13th, 2010 4:17 pm

    Buying a home without a Realtor is NUTS. Only a fool would do it.

  9. Andrea, Bob's assistant on July 13th, 2010 4:19 pm

    We keep trying to get this message across not not nearly as effectively as you have done here. Thanks

  10. Cheryl Stimac on September 9th, 2010 4:39 pm

    Spoeaking of buyer agents, I’m one if any reader is interested in buying a home in Tampa Bay Florida. I’d love to be of assistance.

  11. Rich Stover, Sarasota Realtor on September 9th, 2010 4:41 pm

    Getting a buyer agent you feel comfortable with is the single most imporant thing to do when considering a home purchase, especially for first-time buyers. Thanks for pointing out the importance of this.

  12. dzoyce on November 23rd, 2010 11:05 pm

    they are very useful. but for me i want to buy the property from the owner.. i have here my source where you can buy it to the owner not just to a broker CLICK HERE for information
    It’s free to join and they actually own their homes and not just a broker.

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