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3 BHK Flats in Kharadi Pune: Differences between Brokers and Realtors

by Jai S. Builder

Differences between Brokers and Realtors

A real estate broker is a professional who usually represents a real estate firm or franchise. The broker is in charge of looking interested in selling their goods and works with the help of real estate agents, who are in charge of getting potential buyers.

On some occasions, and through a special contract, the broker may represent the buyer, but usually they take care of the part that sells.

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The broker is responsible for conducting market research, arranging paperwork, drafting documents, appraising properties, intervening in auctions, arranging available properties to display and managing commissions with the agents in charge.

It is very common that in a real estate transaction are involved two real estate professionals. One will take care of the relationship with the buyer and another of the link with the seller. The commission of both professionals is usually incorporated into the value of the property in question.

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In general all real estate brokers start as agents. Agents can be buying or selling. In some countries brokerage of real estate requires the approval of a specific course after which a broker license is obtained.

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In all cases it is important that both the buyer and the seller know the contractual relationship that binds them to their agent or broker. In the hands of the broker and his agents will be deposited the destination of his patrimony, so it is important to verify that they are responsible professionals with a current and active license to engage in real estate brokerage.

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About Jai S. Advanced   Builder

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Joined APSense since, January 16th, 2017, From Jaipur, India.

Created on Dec 31st 1969 18:00. Viewed 0 times.

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