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Types Of Real Estate Agents And What They Do

Agents help sellers and buyers navigate real estate transactions. What is your real estate agent responsible for? This helpful breakdown explains the duties of each type of agent.

Types of Real Estate Agents and Their Roles

You've likely heard that a real estate agent is necessary if you are looking to sell or buy a home. In real estate transactions, a real estate agent acts as an intermediary between buyers or sellers. A licensed professional who helps buyers and sellers in real-estate transactions is called a real estate agent. Your real estate agent can act as your representative if you are buying a house.

The real estate agents serve as mediators between buyers and sellers throughout the entire process. A final walkthrough is usually done just before closing to make sure there have been no damage to the property. If the state requires that other agents be present at the signing, such as title or escrow agents, the agent handles the negotiations. The agent is responsible for negotiating and reviewing all documents and contracts to make sure they are correct.

Real estate agents may also be called REALTORS® by some. REALTORS® and real estate agents perform the same essential functions. However, REALTORS® are agents who are also members of National Association of REALTORS (NAR).

Although listing agents and buyers agents work together, they rarely represent the seller and buyer in the same real estate transaction. Agents can guide their clients through the whole home-buying or selling process and provide valuable information and guidance at every step.

How real estate agents work with sellers

A selling agent assists sellers in their home sales. A selling agent is responsible for scheduling a photographer to photograph the home, creating a virtual tour of the property, and marketing it via social media to potential buyers. An experienced real estate agent can help you sell your house at the highest price. You can also take advantage of the agent's knowledge and network in your area, as well as their ability to negotiate with other agents.

Listing agents must vet potential buyers. Not all buyers are serious. Before accepting or arranging for a showing, listing REALTORS® will often verify the financial situation of potential buyers. Listing agents are familiar with the questions they should ask to determine if the potential buyer is able to afford the house.

How real estate agents work with buyers

A buyer agent is a professional who helps buyers buy a house. They are responsible for helping buyers choose the right mortgage lender, finding suitable properties and scheduling viewings. Before you can start working with a buying agent, you will be asked to sign a buyer’s agency agreement. This contract will outline the length of your relationship with the agent and what terms you agree to. It also explains how much commission they will receive.

REALTORS® for buyers search local properties that meet their clients' requirements and budget. It involves both searching online and visiting houses in person. They set up showings for clients and provide information about the local housing market. Real estate agents assist you in submitting bids and negotiating on your behalf during the entire buying process. There is a lot of paperwork involved in the home-buying process. A real estate agent is there to help you navigate through the various contracts, agreements, and other documents required for buying a house. They will also submit paperwork for you.

Another important fact about buyer's agents: Although you will sign a contract with them to work with you, the home seller will pay their commission.

What do real estate agents do at closing?

The closing period is also a time when real estate agents play an important role. Agents communicate with their clients throughout the entire process. Communication continues throughout the closing process. A final walkthrough may be suggested by the agent close to closing. This will allow you to inspect for damage that may have occurred since the original contract was signed.

Every document is reviewed by real estate agents. This ensures accuracy and compliance with all terms and conditions before the deed is transmitted. It's not uncommon for mistakes to occur, so it is the job of a REALTOR® to correct them before everything else is transferred.

How do you find the right real estate agent?

If you are looking for the best real estate agent, there are many options. Asking for recommendations from family and friends is a great place to begin. After you have received some recommendations, be sure to look over their resumes. After narrowing down your search to a few candidates you may want to set up an interview to ask questions of the agent. It's a smart idea to ask the agent if they have any references from past clients.

The agent should represent your interests throughout the transaction. Depending on whether you are the home seller or buyer, getting the best deal can mean two different things. Dual agency is when one agent represents both parties. It's illegal in certain states. You should also know if your agent holds any interest in the transaction, such as if the property owner is a relative.

Are you ready to get started?

A good agent can help you navigate the real estate transaction process, from the beginning of the sale to closing. Your REALTOR® can also help you to assemble legal documents, find homes and prospective buyers, and communicate with any other parties involved in the transaction.

If you are in the market for a new home, or selling your current house, we would love the opportunity to represent you! We serve all of Cobb County GA, including the cities of Acworth, Austell, Fair Oaks, Kennesaw, Mableton, Marietta, Powder Springs, Roswell, Sandy Springs, Smyrna and Vinings. We also network with agents all over the Metro Atlanta area, so if we can be of any assistance, please don't hesitate to reach out to us!

(404) 410-6465

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Complete Realty Team - Ken Mandich - REALTOR®

1642 Powers Ferry Rd #150

Marietta, GA 30067

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ERA Sunrise Realty - Brokerage

David Moody - Broker

Office: (678) 781-7400