A real estate agent is a person who engages in negotiate estates and buildings for other people. They can also negotiate apartments on behalf of property corporations or mediate for rental apartment corporations. In short you can say that they offer their services in all matters including moving in or out of a certain area. In many countries the occupation is regulated by the government like police, fire departments, military and school. This means that you need a certain education to obtain a certificate or legitimation. This education is often at college level and runs for three to five years.
Obligation and responsibility
When a real estate agent works, they are obliged to see to interests of both the seller and the buyer. To explain this easily you can say that a real estate agent shall be a totally impartial middleman in the deal. The agent is, however, free to take into account the interest of his employer as long as it doesn´t interfere with the rules and regulations of the country. There are some crucial rules to relate to. A real estate agent cannot sell an object while keeping information from the buyer, like if something is wrong with the object, to get a higher price. Of course, there are real estate agents that don´t follow the rules and take out prices that are higher than needed to get as good a commission as possible. Today there is no regulations on how to dismiss a dishonest agent. Sometimes dishonest agents can put in false offers to make the bidding reach higher on an estate.
Internet brokers lowers the price
In the last few years it has become more common to use so called internet brokers. They let the seller take a more active part in the selling to lower prices on houses. The reason is lesser costs that lead to lower agent fees which then raises the number of sales. There are some disadvantages to this since not all parts can be handled over the internet, some personal contact is essential when it comes to formalities and legal obligations between buyer and seller. Mainly this is about the agent’s duty to inform and establishing documents for the purchase. There are also agents specializing in helping those who want to sell their own house. This is mainly regarding help and education and templates for documents and instructions, sometimes also by video chat.
Styling and showing
Hiring a real estate agent is a smart move if you want to attract buyers to a newly developed area. They can in computer programs show how it is going to look in the apartment or house before it is built. This way the buyer can imagine wow it´s going to look when they move in. A real estate agent can build a showroom from backdrops. This can be made in a completely different area but will show how the apartments and houses are built. Most agents hire stylists to make it even more attractive.