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Can a residential real estate agent do a commercial transaction?
Wiki User
∙ 10y ago
Yes. It is advised that an attorney draft the contracts so that they are legally binding, but the real estate agent can advise on the deal.
Wiki User
∙ 10y ago
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Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
that completely depends on the agreement between the broker and the agent.
What companies employ commercial real estate agents?
Companies that are searching for commercial real estate space to purchase or to rent will use the services of a commercial real estate agent. An example of a commercial real estate company is Sealy Real Estate Services, Shreveport, LA.
How is a real estate broker different from a real estate agent in California?
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
What COBA does stand in real estate?
COBA: Compensation to Buyer's Agent COTB: Compensation to Transaction Broker CONR: Compensation to Non-Representative
Is a real estate agent a party to the transaction?
Usually a real estate agent is not a party to the transaction, unless that agent is either the seller or buyer or has an interest in either side. The fact that he may be representing either the buyer or seller or even both does not make him or her an interested party in the agreement. Most states real estate laws clearly state that should an agent have an interest in either side of the tranaction then both parties must be notified for that interest. Thats why you often see and agent sellling his own home, even as a for sale by owner, the advertising and signs should mention that the home is agent owned. Its all about ethics more than the law. From www.zerotorealestatehero,com
What are the duties of a commercial real estate agent?
The duties of a commercial real estate agent are similar to those of a residential real estate agent. For example, listing the property and showing the property to potential buyers.
Where can I find shops for sale?
If you are located in Canada then consider looking online at mls.ca. You can also contact a real estate agent at no cost to you. The agent has the experience to help find commercial real estate in your area. Do not confuse a residential and commercial real estate agent as they have different skills and areas of expertise.
Where can I find some information on commercial properties for sale?
You should hire a real estate agent to help you with your search for a commercial property. An agent will also help you with the transaction to ensure a smooth sale.
Who usually pays a real esate agent a commission?
In US residential real estate the Seller pays the real estate agent's commisssion.
How does one get a job in commercial real estate research?
Researching commercial real estate is usually part of the job of a real estate agent. So if you are a real estate agent you most likely need to be have knowledge of researching commercial properties.
What is the Texas real estate market like?
Depending on the price points and the type of real estate you are looking into (residential versus commercial), the real estate market will vary. The most informed person you could turn to, especially when looking into area and location specific real estate, would be a real estate agent. A real estate agent can provide you with solid information and comparable listings over a specific period of time.
How much can commisions be in real estate?
Commissions paid on the sale of real estate can be any amount agreed upon by the seller and the agent he/she is hiring to sell the property. Typically, residential real estate is 4 to 7 percent. Commercial property and vacant land sales vary.
Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
that completely depends on the agreement between the broker and the agent.
What companies employ commercial real estate agents?
Companies that are searching for commercial real estate space to purchase or to rent will use the services of a commercial real estate agent. An example of a commercial real estate company is Sealy Real Estate Services, Shreveport, LA.
Who was esher as a person?
Esher estate agent, Knight Frank, handles residential property for sale and to rent.
How can someone get a commercial real estate job?
You can get a commercial real estate job by having an educational background in business administration, finance and economics. Some, but not all jobs as a commercial real estate agent require a college degree.
Where can one find a real estate agent for Frisco Homes?
Frisco is a city in the counties of Collin and Denton, which are in Texas. You can find a real estate agent through the site realtor or Coldwell Banker Residential Brokerage.
