There are different types of real estate broker services that are specific for either buyer or seller. They also give advice about pricing negotiations and may also provide rental management services for property owners who want to rent a commercial space, house, or apartment to tenants. Some real estate brokers specialize in both residential and commercial property services or in just one field.
If you are a buyer that has purchased a residential or commercial property as an investment to make income each month by renting them out you may hire a real estate broker who offers landlord services. This type of property agent will find and screen tenants along with collecting rents from the tenants.
One important reason that buyers and sellers like to use their services is that real estate brokers have access to information that they do not. The services of a real estate broker can include showing the sellers or buyers comparisons of similar properties within the same area.
These can help the buyers understand if the seller is asking a reasonable price on the property they are considering buying. For the seller they can help them to decide on a fair price to ask for the property that they are selling.
A broker also has access to the Multiple Listing Service (MLS) which is a list of properties, both commercial and residential, that are for sale complete with the information about the grounds and building, the property taxes due each year, and the prices of the properties.
One of the main services that a property agent offers is showing residential and commercial properties whether it is for the seller’s property to interested buyers or for the buyers to view properties for sale. Many times the real estate broker will represent the seller by include marketing services like planning and then administering an open house to get buyers to the property to view it.
Another regular service provide by such agents is giving their clients, whether it is a seller or buyer, advice. An agent must be objective and provide their clients with all the information that is known about the property. There are some cases where a property broker will offer services that include representing both the buyer and seller so this is why objectivity is so important in order to avoid a conflict of interest.
To know just what services a real estate agent offers and the fees charged a contract must be signed by both the seller or buyer and the real estate broker.