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A person with a state/provincial license to represent a buyer or a seller in a real estate transaction in exchange for commission. Most agents work for a real estate broker or realtor.
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∙ 10y ago
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Who is the principal for whom a real estate broker works?
A real estate broker has only one fiduciary duty and that is to his or her client, also known as the principal. Real estate agents act as the broker's representatives -- always. In every part of a real estate transaction, he or she is the broker's agent. Therefore, despite the fact that the agent may have procured the client, he or she did so as the broker's representative. Therefore, the only principal for whom a broker works is the client -- the home buyer or seller.
Can a sellers real estate agent tell the buyers agent the exact price the buyer will accept less than the listing price?
They can, but only if their principal (the seller) has given them express permission to do so. If they do this without the seller's permission it is a breach of the agent's duties to his/her principal. If this happened in the US the seller should notify the Real Estate Commission in their state and file a complaint against their agent. This is extremely unethical.
What effect does the Real Estate Code of Conduct have on your own operations as an Estate Agent?
The effect of the Real Estate Code of Conduct on your own operations as a Real Estate Agent.
What is a Real State Agent?
Real estate agent - A person who is authorized and experienced in the buying and selling of real estate property. Real estate agent is provide all details about real estate property value, demands, all guidline and rules of all type of proeprty.
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.
Who is the principle in real estate?
Principal is a legal term. The principal is the person or entity who hires another(via contract) to perform a task on the principal's behalf. These people are called agents. Therefore: Homeowner= Principal hires the... Real estate "Agent"
Who is the principal for whom a real estate broker works?
A real estate broker has only one fiduciary duty and that is to his or her client, also known as the principal. Real estate agents act as the broker's representatives -- always. In every part of a real estate transaction, he or she is the broker's agent. Therefore, despite the fact that the agent may have procured the client, he or she did so as the broker's representative. Therefore, the only principal for whom a broker works is the client -- the home buyer or seller.
Can a sellers real estate agent tell the buyers agent the exact price the buyer will accept less than the listing price?
They can, but only if their principal (the seller) has given them express permission to do so. If they do this without the seller's permission it is a breach of the agent's duties to his/her principal. If this happened in the US the seller should notify the Real Estate Commission in their state and file a complaint against their agent. This is extremely unethical.
What other field can a real estate agent pursue?
Real estate agent can be real estate broker he can open his office that should be registered.
What is a real estate commission rate for a home 500K?
It varies by location and is ALWAYS negotiable between the Seller/Principal and the agent representing him/her.
What effect does the Real Estate Code of Conduct have on your own operations as an Estate Agent?
The effect of the Real Estate Code of Conduct on your own operations as a Real Estate Agent.
What is the symbol for Principal Real Estate Income Fund in the NYSE?
The symbol for Principal Real Estate Income Fund in the NYSE is: PGZ.
What is the yearly salary for a real estate agent?
The avreage salary of a real estate agent is about 62,595 dollars
In what year did Principal Real Estate Income Fund - PGZ - have its IPO?
Principal Real Estate Income Fund (PGZ)had its IPO in 2013.
What makes a real estate broker different from a real estate agent?
Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.
What is a Real State Agent?
Real estate agent - A person who is authorized and experienced in the buying and selling of real estate property. Real estate agent is provide all details about real estate property value, demands, all guidline and rules of all type of proeprty.
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.
