As it relates to buying and selling of Real estate in Indore, the real estate is one of the people with whom you will have the most interaction. They happen to be more than just smiling faces on the cover of a wealth magazine or billboard. They are professionals in their own right and they are certified to what they do. However, there happens to be a lot of agents that are trained in the aspect of home buying and selling. We will be looking at a few of them below and what exactly it is that they do. |
Real estate agent
This person is one who has gone through the ranks in terms of schooling and examinations to eventually be declared qualified enough to sell property. As it speaks to requirements from an educational view, they cover the specifics laws of real estate based on stipulations for each state. Based on your location, they may also be called salespeople, sales agents, sub-agents and in some confusing cases – brokers.
Real estate broker
An individual in this capacity is one who has met the state requirements related to managing, owning or operating a real estate company. To get licensing of this nature you will need experience as an agent and it also comes with a ton of advanced courses to study. So in simple terms, a real estate agent would be qualified to sell Plots in Indore for instance. On the other hand, the broker would be managing 3 or more people that would be selling via his company.
They are also known as listing agents and they usually work for the seller under exclusive terms. In most cases, you will communicate with the actual seller through this agent. Aside from those instances where you agree with an agent to represent you as the buyer, all agents should be considered as a seller’s agent. It should be noted that agency means representation and the agent is the representative. So going into an agreement would clearly indicate that both persons are clear on the fact that the agent will be acting as your representative.
As expected, the buyer’s agent is really the opposite of the previously mentioned seller’s agent. They are responsible for representing the buyer and ensuring that all his needs are met before decides to settle with Real estate in Indore or some other property. They will be a part of each transaction which includes the hunting, short listing and closing the deal.
A person in this capacity would take on the role of representing both buyer and seller for the same transaction. This not a problem in most states as long as both parties have agreed to it, but it does prove to be a conflict of interest from time to time.
Related Articles -
plots in Indore, real estate Indore, villas in Indore, plots in Bhopal, real estate Bhopal, villas in Bhopal,