Many people ask, "what does a real estate agent do" in Brooklyn, New York. Really! So, I usually ask, "Was that a trick question"? However, since most people tend to ask this question, let me take a moment to explain.
Real estate agents are professionals who help in connecting the buyers and sellers. Real estate agents also do rentals wherein they connect tenants to landlords and even become the exclusive listing Agents for the property on the behalf of the landlords.
The real estate agents work by linking together the two interested parties and charging a commission for their services. For sales, they charge commission only to the seller but for rentals the commission is charged to both parties involved in the transaction.
A real estate agent usually represent either the buyer or seller in a real estate deal but can also represent both parties upon their consent.
At the first point of contact, before getting into the nitty-gritty of the transaction, a real estate agent will give the seller or buy an agency disclosure form to sign which disclose who he is representing in the deal.
Real estate agents generally calculate their fee as a percentage of the selling price, in the case of sales, and as part of the rent, in the case of rentals.
People, who want to sell or sublet their property, leave the details of their property with the real estate agent.
In fact, they even leave the keys of the house so that the real estate agent can arrange for viewings without them getting into any hassle.By now it should be clear in your mind about what does a real estate agent do in Brooklyn, New York.
The other interested party, that is, the buyer or tenant, gets access to this information by contacting the real estate agent. That’s how the real estate agents become a hub of information.A lot of home seekers, including real estate investors, use the services of real estate agents not just for getting good deals but also getting them quick.
Since real estate agents are probably most familiar with the market situation in in various communities in Brooklyn, it makes sense to approach them to get an idea of the going rate for properties in your in these communities.
Real estate agents would generally know the prices of various properties of different types and at various locations in in Brooklyn, New York.A property seller can possibly get a few thousands more for his or her property by using the advice received from a good real estate agent.
A good real estate agent will also analyse the needs of a home buyer or tenant and provide suggestions on what kind of home could be available to them within their budget.However, a real estate agent can not give his or her clients legal advice. Clients would need to contact their attorney or mortgage banker.
So, what does a real estate agent do in Brooklyn, New York? A good real estate agent will not just throw a list of available properties to the buyer or tenant but will actually discuss their needs and make a suggestion.
This, in fact, works in the favor of real estate agent in two ways. Firstly, if the real estate agent is able to sell the house they get their commission and secondly, if they make the buyer happy too, they earn a good reputation and hence more business.
I hope this gives you a better insight on the question of what does a real estate agent do in Brooklyn, new York.