Rick Lopez

How Real Estate Agents Are Paid For Their Service?

If you want to sell or buy a house, then either you can go to search for a house or you can hire a real estate agent for this job. A real estate agent has the knowledge of the properties for sale in a particular area and he can guide you to a house within your budget. Most agents are paid for the services they provide, through commission, which is the percentage of the selling price of the property. This commission is divided between the seller's agent, buyer's agent, and their brokers after the deal of sale of the house are completed. The percentage of commission varies for different states and agents.

Responsibilities of real estate agents

Real estate agents are not paid on an hourly basis and they collect their commission after selling the property. The seller's agent who is called the listing agent and the buyer's agent have different responsibilities. The listing agent provides services to the seller and is responsible for staging the house, listing the property on a multiple listing service, and marketing the house. Whereas the buyer's agent set up inspections, coordinate with lawyers, and bargain for the price of the house. If the residents of Oshawa want to sell a house, then they can search for a real estate agent, who charges a low commission in Oshawa.

Tips to sell property

When you decide to sell your property, it is not an easy task and if you want to sell it faster then you should remember a few things. The first thing to do is to know the market trends, it will be helpful to quote the right price. Secondly, you should quote a price that buyers may find attractive and by doing some repair work you can increase the asking price. The third thing to remember is the size of the house, as a 2 BHK house is easily sold than the other sizes. People of Brantford can search for houses for sale in Brantford if they want to buy a house. Another thing to do is to display your property on different online websites.

Author Resource:-

Rick advises people about real estate, property investment and affordable housing schemes. You can find his thoughts at house for sale Ontario blog.