The Work of a Connie Lyon Real Estate Agent

Posted by on Jun 14, 2016 in Market Research, Real Estate Agent | Comments Off on The Work of a Connie Lyon Real Estate Agent

The Work of a Connie Lyon Real Estate Agent

People are usually confused about the payment system of a real estate agent they often think that the broker is getting the payment from the company. Technically this is not true. They are getting paid by the company but the money itself don’t originate from there. They are prohibited from getting payment in a form of commission from the client directly. The commission is first paid to the agent’s broker who then endorses it to the agent.
Not complicated as it seems.
This priority in the order of payment is complicated mainly due to the real estate license. The license of the real estate must be placed under the real estate broker’s license first. To avoid a breach of the contract all agent who deal with real estate business are bound to these rules and regulation.

Buyer broker contract explained.
privatewealth_shutterstock_46793218-300x232The agreement between the buyer and his agent is called a buyer broker contract. There are three types of these agreements. The exclusive one that binds the buyer and his agent is the most important one to remember about real estate business. Without owning a commission to a certain agent, you cannot buy a property. The Agent, who want to ensure that they will get their commission, often asks their clients to sign this exclusive contract. This way they can present their clients and focus on their purchase without the risk of losing the profit. Some clients that don’t agree to this contract can evade paying the commission to the agent and continue negotiations with the owner of real estate they want to buy. The only reason this agreement exist is to secure agents payment in a form of commission. An Agent that don’t have this exclusive agreement signed is not in obligation to show more than one real estate proposition to their clients.
A beautiful young real estate agent woman on the phoneThere are rules and regulation to take into consideration when starting a real estate business. The agent’s right must be protected as well as the clients. Every agent knows that sometimes seconds make the difference between a closed deal and a lost one. Client’s wishes are a top priority objective for an agent that wants to get paid in a form of commission. That is why they maintain constant communication with their clients, updating them on further steps of the plan in purchasing a certain real estate.

Market research.
Black couple walking on residential street with agentResearching and constantly monitoring the market is also critical responsibility for agents. It is their job to look for homes that are being sold for a long time that may lose their price. Another technique is to focus on one real estate and notice the increase and decrease in price over the years. Certain older houses that require a lot of investments of the interior or exterior are bound to drop in price to stay on the market. It is the targeted real estate type for clients with lower budgets. A lot of young couples aren’t prepared to get large loan credits from their banks. That’s why they chose cheaper houses that can be upgraded through investments.

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