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Under federal law, it is the person or company that takes in the buyer and lender monies on behalf of the buyer and the evidence of title on behalf of the seller, and effects the intended transaction, upon which the evidence of title is given to the buyer and the purchase monies are delivered to the seller, plus or minus closing prorations agreed upon by the parties. Sometimes the transaction is a land exchange, or a sale-leaseback. In a short sale, it takes in seller monies needed to pay off the seller's loan and then takes direction from the seller's lender to remit all funds necessary to pay off that loan, and the seller walks away with nothing. In a foreclosure sale, the bank that foreclosed is the seller. But the settlement agent's function remains identical in all these variations. Sometimes the agent is referred to as an "escrowee".
What else can I help you with?
Where do you get a copy of the hud settlement sheet?
You should be able to get it either from your real estate agent, your attorney or the title company.
When does real estate agent earn commission?
The real estate agent earns the commission for selling a home or for representing a buyer who has a completed the purchase and sales agreement and ultimate closing on a piece of real property. The commission is paid to the broker of record at the closing, or settlement in some states, has occurred.
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 is 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.
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.
Greatest Real Estate Agent in the World?
Team Eric has a list of that could include the Greatest Real Estate Agent In The World - http://www.ericonsearch.com/greatest-real-estate-agent-in-the-world-your-name-here
Who usually pays a real esate agent a commission?
In US residential real estate the Seller pays the real estate agent's commisssion.
Can a real estate agent host open house for different company?
No, a real estate agent has a relationship with one brokerage.
How much does a real estate agent make in san Diego?
The average annual income for a real estate agent in San Diego is $77,000. The average annual income for a real estate agent in Des Moines is $71,000.
Where can someone find a real estate agent for Brentwood?
You can find a real estate agent for Brentwood at the realtor website. You can browse around on their website to find listings for real estate agents.
Can I act as my own real estate agent?
Yes, you can act as your own real estate agent, but it may be challenging as real estate transactions involve complex legal and financial processes. It is recommended to seek guidance from a professional real estate agent to ensure a smooth and successful transaction.
