A real estate broker is the person who operates a real estate service that is licensed by state to represent a buyer or seller to complete a real estate transaction.
The easiest way to look at a real estate broker is that they are the people who are educated, experienced, trained and maintain the most updated training to assist in the sale or purchase of a piece of real estate. They hire real estate agents to assist them in this process. They assist in the negotiations, marketing and contractual agreements for those real estate transactions.
If you choose to hire a real estate broker to help you make the most happen from your real estate transaction, it is likely to go smoother.
Once you have hired a real estate broker there are many things they will do to successfully get the best deal at the best price for the purchase or sell your property.
After you have decided that you will work with a real estate broker, you need to go through the process of finding the right one. Here are some simple steps to hiring the right broker.
1. Get names of brokers, through the Internet, through the MLS, through family and friends, or through homes listed for sale.
2. Interview three, ask questions
3. Set up a plan of action, explain your expectations, and then trust your real estate broker.
Now that you have a broker, here is what they will do to use their expertise for your benefit.
First they will communicate and examine your needs of the real estate transaction you are about to participate in. If you are purchasing a home, they will find out how big of a home you are looking for, how many rooms and bathrooms you need, what area you want to live in and any other amenities, or appliances you might be looking for.
Second they will get the most current listings available through their many options of listings to find out what will suit you best. This will include finding homes for sale that may not even be listed in any service yet. The way they do this is that as professionals, the brokers and agents will talk to each other about their needs of their clients and will then work together to complete the sale or purchase of their properties.
Third will be the viewing of the properties. This will be the time that your realtor will also obtain the right inspections, and property evaluations in addition to market analysis and appraisals are completed. The real estate broker will also inform you of any irreparable issues that will affect the overall value and safety of the home and property in addition to making sure the price of the home is fair.
Finally the real estate broker will make sure the negotiations of the purchase price is in your best interest. The broker is responsible for accepting and escrowing all funds. The real estate broker will make sure that all legalities, documentations, and contracts are completed accurately and completely.
Therefore, as your representative, the real estate broker will take care of your real estate transaction from start to finish. It is good to have a professional in your corner, because the person on the other end of the transaction does.