A real estate agent, real estate broker or agent is somebody who represents buyers or sellers of property or real estate. An agent can work privately, but most often an agent works under an overall licensed broker to act on behalf of their clients. The majority of agents will also have other professional backgrounds such as accounting, legal and banking. Many agents will continue to obtain further education and training in order to continually improve their skills and provide the best service to their clients. check it out for some nice tips on this.

Services Provided by Real Estate Agents

A majority of real estate agents are independent contractors. This means that they are not employed by the company they work for, but instead work for themselves. Most of the time, a real estate agency will hire an individual to manage their marketing efforts while they handle other aspects of business affairs. In some instances, however, an individual can be hired to manage the marketing and selling efforts exclusively. This is sometimes called a “SEO” position.

One of the important roles of a real estate agent is to serve as a liaison between the buyer and the seller. The role is essential because without the expertise and experience from a broker or agent, a buyer or seller could end up purchasing a home with the wrong person or in the wrong location. Brokers and agents are licensed by the national association of residential lettings agents or by the Royal Institute of Chartered Surveyors (RICS). Chartered Surveyors also conduct examinations and tests to ensure that they maintain certain standards.

A real estate agency also offers valuable representation and advice to home buyers who are considering purchasing residential property. A broker or agent has vast experience in the residential property market and can help a client obtain the best home for the best price. They can advise the buyer, from the preliminary stages of the real estate transaction to the exit strategy, whether it is advisable to purchase the home.

In the UK, there is a dual agency agreement between the seller and the buyer. Under this arrangement, a buyer can appoint either a letting agent or a sales agent. Alternatively, a seller may appoint both a letting agent and a sales agent. A letting agent is licensed by the Royal Institute of Chartered Surveyors or by the National Association of Residential Letting Agents and is recognized by the government agencies which regulate the sale and purchase of residential properties. Sales agents must be registered agents with a regulatory body such as the Chartered Surveyor’s Regulation Authorities and must meet specific standards of training and performance.

One way to differentiate between a letting agent and a sales agent is to determine whether the agent is registered with a letting agency. If the agent is not registered with the relevant bodies then the agent is not legally qualified to conduct business. The Real Estate Agency Act regulates the conduct of real estate transactions in the United Kingdom. It contains definitions of terms that will be interpreted by the licensing bodies. Each licensing body has its own set of rules and regulations for the licensing of agents. Therefore it is extremely important that the seller and buyer understand the requirements of the licensing bodies.

The buyer’s agent will need to understand all the technical and legal requirements associated with the home buying process. The knowledge and understanding of these technical and legal requirements is essential to help the buyer understand their rights and obligations once the contract for sale of the property is executed. The buyer’s agent will need to assist the home buyers from the time they contact them until the time the contract is signed. The duties of the agent also depend upon the type of property being sold, for example: if the property is an older property, then the agent will need to know and understand about historic preservation.

While agents play an integral role in the purchase of a property, sellers should ensure that they are properly registered with the Real Estate Agency. This helps them to avoid being reprimanded or penalized for any improper transaction which might take place between themselves and the buyer. The buyer will need to keep all records pertaining to the purchase of the property by them, including the agent’s commission. These records will help the buyer and seller to analyze the true worth of the property in future.