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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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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 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 do you call someone who sells real estate?
A person who sells real estate is called a real estate agent or real estate agent. These professionals are licensed to facilitate the purchase and sale of real estate. Real estate agents play a critical role in the transaction process by helping clients navigate complex markets, negotiate deals, and ensure regulatory compliance. They often work for real estate agencies and earn commissions based on successful real estate transactions. Their expertise and knowledge of the local market make them valuable partners for individuals looking to buy or sell real estate.
What is the purpose of a real estate agent?
Real estate agent mostly help you to sell your home fast as possible. You find the real estate agent who have a lot of market experience. Main purpose of your real estate agent is Sell you house fast with 100% cash back to you and no commission involved. Actually mostly Peoples very worried how choose the agent who give you big profit. Property Friends Tn is one of the trusted real Estate agency peoples trust on them Their purpose is to buy house fast is-as condition, No Renovation, No commission and Fully cash back to the customers.
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"
In real estate the person who acts for and with the authority of another is called?
In real estate, the person who acts for and with the authority of another is called an "agent." The agent represents the interests of their client, often referred to as the principal, and is responsible for facilitating transactions, negotiations, and other activities on behalf of that principal. The relationship between the agent and the principal is typically formalized through a written agreement, outlining the agent's duties and responsibilities.
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 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 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.
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 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
