Real estate agents or Realtors are professionals who help in connecting the buyer to the seller. Finding a quality Realtor could take some work. A good place to begin is by asking your family and friends if they know a great Realtor.? The web is also a good place to find a local Realtor.? If they have a great looking website with high-quality information then they probably know what they are doing.
People, who want to sell/rent their real-estate, leave the details of their property with the real estate agent (and in fact, even leave the keys of the home so the realtor can arrange for viewings without them getting into any hassle). The other interested party (i.e. the buyer/tenant), gets access to this information by contacting the realtor. That?s how the realtors become a center of information.
Lots of realtors also organize rentals in which they link tenants to landlords and even maintain the property on the behalf of the landlords. The real estate agents work by connecting together the two interested parties and receiving a commission for their services.
For sales, they charge commission only to the seller but for rentals (i.e. agent managed rentals) the commission is charged to both parties involved in the deal. Realtors generally calculate their fee as a percent of the selling price (in case of sales) and as part of the rent (for rentals).
A great deal of home seekers, including real estate investors, use the services of real estate agents not only for getting good deals but also getting them quick. Since realtors are almost certainly most knowledgeable about the market situation in their region of operation, it makes sense to talk to them to have an idea of the going rate for homes in that area. Real estate agents would normally know the prices of various properties of differing types and at various locations in the region.
A home seller can possibly get several thousands more for his/her house utilizing the recommendation received from a good realtor. A great realtor will also study the requirements of a home for the buyer/tenant and provide recommendations on what kind of home might be available to them within their budget. So a good real estate agent won?t just throw a listing of available properties to the buyer/ tenant but will actually discuss their requirements and make a suggestion. This, in fact, works in the favor of realtor in two ways. Initially, if the realtor can sell the house they get their commission and secondly, if they make the buyer happy too they gain a good reputation and hence more business.
Source: http://bestcharlotteinspector.com/working-with-and-finding-good-realtors-in-your-area/
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