The majority of the public is not necessarily familiar with the real estate agent profession. And the fact that various agencies are likely to offer a variety of services, at different fees, sometimes contributes to misunderstanding. The basis of the relationship between buyer and seller remains the mandatory sales mandate.
An owner entrusts in writing net given, said price net seller, to which are added the fees of the agency (these must be displayed in agency). If you are going to become real estate agent have some advice from Realtors in Tampa .
This mini contract binds the parties. They are then free to renegotiate the terms according to market developments or proposals from potential buyers.
The property is advertised by the agency on specialized media, on the internet, regional advertising newspapers … It is also the agency that takes care of the visits and the eventual negotiation. The property may be given exclusively to an agency over a specified period. Agencies can also collaborate with each other.
The real estate agent also writes most of the time (but this can also be done at the notary’s) the sales agreement between buyers and sellers, taking care to explain all the terms, the possibilities of retraction, the receivers … It is also up to him to inform the notary or the notaries of this transaction and to keep the liaison until the final signature at the notary’s office.
Other services may be provided by the agency, such as recommendations to certain trades or other expertise necessary for sale.
These points are important for understanding the differences between the professional market and the retail market.
Indeed, the number of transactions that do not succeed is multiplied by two when it comes to sales between individuals.
This is partly explained by the work and the follow-up of the real estate agent who deals with the transaction.