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Should you use a real estate agent or a real estate broker to buy a house?
Wiki User
∙ 9y ago
Most brokers only run the brokerage and take very few clients. This is mainly because it isn't fair for the broker to compete with his or her agents.
Ask friends and family for the name of a good buyer's agent. There are tons of agents with lots of experience.
The following is the first answer, not from me:
brokers usually have more experience and have more education to get the licensing.
however there are some brokers who are lazy and will not represent you as you ought to be represented. many agents are hungry to work for you and will go the extra mile to make sure you get the best deal possible. like me. =) licensed in California in case you need me.
I guess you need to find a good property finder if you're contemplating on buying a house. A property finder is someone who works with dozens of online and local estate agents to help you find your perfect property. No need to worry about a property finder's fee because the service is free. A property finder receives a fee from each real estate agent after a successful sale so you as the buyer has nothing to lose.
Wiki User
∙ 9y ago
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How much do estate agents earn?
This amount may vary in places, but the total comission is usually 6% of the sale price of the house. There are also other variables involved. For example, let's say there is a listing agent (the real estate agent who listed the property), a selling agent (the real estate agent who sold the property) and the broker under whom both agents work. In this case, the listing agent would get 2% of the total sale price, as would the selling agent and the broker. If the listing agent and selling agent are the same person, they would received 4% comission, and the broker 2% of the sales price. If the broker is also the listing and selling agent, then s/he gets the full 6% comission.
How do you find the valuation of a house in 1995?
Contact a local real estate broker they should have some idea of what the value of a house was then.
How much money does a real estate agent get from a commission?
The commission may vary from state to state, but the standard amount is six percent. But the commission may be divided three ways, depending on who listed, showed, and sold the property, and who owns the real estate agency. The commission is paid by the seller of the property, not the buyer.A real estate broker is a real estate agent who has additional licensure and is usually the owner of the real estate agency. The broker employs real estate agents (sellers) to list, show, and sell property for the agency, but they work on commission, not salary. When a person decides to sell their property through a real estate agent, they will contact a real estate agency to list the property. The agent who lists the property is the listing agent, but other real estate agents, including the broker, can show and sell the property to prospective buyers, too.The agent who shows the property to the one who purchases it (the agent who 'closes the deal') is the selling agent.This can even be a real estate agent who works for another agency (broker), since it's rather common for one agency to list a property and another one to show and sell it.So, say John Brown wants to sell his house and contacts ABC Real Estate Agency. He speaks to the agent who was listed on the 'For Sale' sign and, after the agent meets the seller and examines the property, they decide on a price for the house, fill out all the paperwork, and it's now on the market. That agent is the listing agent.Then Simon Smith drives by the house, sees it, likes it, and wants to look at it. So he calls the agency who has it listed (ABC Real Estate Agency). But the listing agent isn't available, so another agent shows Simon Smith the house. Simon Smith loves the house, agrees on the price, and buys it. The second agent is the selling agent. In this case, the total commission of 6% on $250,000 is $15,000, and will be divided three ways. The broker will get 2% of the commission, which is $5,000. The listing agent will also get $5,000 at 2%, and the selling agent will get $5,000 at 2%, as well.But if the listing agent had been the one to also show and sell it, they would have received $10,000 commission, and the broker would have received $5,000. And if the broker had listed, shown and sold the house, he would have received the entire 6% commission of $15,000.
A real estate broker sold your house for 189000 The broker's commission was 4.5 percent of the selling price How much would you get for the house after the commission is paid?
$180,495
Who should pay the realtor for their job?
The person who hired her. If you want to buy a house, hire a real estate agent and let her find one for you. If you want to sell a house, find a real estate agent and have her find a buyer. by the way, the term, 'Realtor' refers to a real estate agent who is a member of the National Realtors Association.
Who is the person who joins borrower and lender for a real estate loan thereby earning a placement fee?
Typically if it's not an in-house agent of the lender, it's either a mortgage banker or a mortgage broker.
Can a real estate agent host open house for different company?
No, a real estate agent has a relationship with one brokerage.
How much should you pay a real estate agent when buying a house?
Standard commission in the US is 3% to selling agent, 3% to listing agent. The seller pays the commission.
What is a house seller called?
real estate agent
How do you sell your house?
First, contact a skilled real estate broker. The broker will then give his recommendations on what needs to be done as far as fixing your home. It will then be listed and the real estate agent will probably put a lockbox on it so that they can show it while you are absent. Hopefully, within a matter of weeks you will get an offer and you choose whether to accept or give a counter-offer.
How much to buy a house?
Depends on your city, and the market and what you're looking for. Best bet is to go to a mortgage broker to determine what you can afford and then talk to a real estate agent or check out mls online to find a house within your price range
How much equity loans do you have on your house?
Equity loans vary from owner to owner. To see how much equity loans you have on your home, you need to contact your real estate agent or broker. They can then give you the specifics on your equity.
