Documents associated with the sale of a property.
The different types of real estate agent services are mainly divided into services for buyers or sellers. Brokers provide resources for home buyers and sellers, as well as advice on price negotiations. Many real estate agents also provide rental management services for landlords who want to rent a suite, house, or commercial space to tenants. Some brokers specialize in commercial or residential real estate services.
Real estate agents offer services beyond simply helping clients buy or sell their properties.
For buyers purchasing a commercial or residential property as an investment to earn a monthly income from renting the space, a real estate agent can offer a full landlord service. These real estate agent services typically include locating and screening tenants, as well as rent collection. The customer typically pays a monthly fee for services, as well as any necessary repairs or other property expenses.
Real estate agents have access to information that laymen normally don’t. Popular real estate agent services include showing buyer or seller comparisons or “offsets” of similar properties in the same area. Comps can help buyers understand whether or not the seller has a reasonable listing price for the property they are considering buying. They also serve as a guide for the seller to help decide on a fair listing price for the property they are listing.
Brokers also access the Multiple Listing Service (MLS), which is a comprehensive list of properties for sale with prices and information on building, land and property taxes. One of the main types of real estate services is the display of properties, either for the buyer to see or the seller’s properties for interested buyers. Brokers representing the seller often include marketing services such as planning and running an open house to attract groups of buyers to a home for viewing. Most open houses take place on weekends in the late morning or evening.
A broker opening is a similar event, but it is organized by a real estate agent representing a seller for other brokers to attend. This type of customer service is usually done to expand the network of potential buyers. Estate agents present may find that the property appears to meet the purchase criteria of one or more of their clients. Other real estate agent services that may be available to clients include home preparation techniques to prepare a home or condo to better suit many buyers, such as organization and light decorating. A real estate agent usually subcontracts to a professional broker for the job and the client pays for the service.
Customer advice is a regular service provided by real estate professionals. They must be objective and provide clients with all known information about a property. In the case of real estate services, including the representation of sellers and buyers, objectivity is especially important to avoid a conflict of interest. Many countries require strict contractual agreements that define the exact services a broker will provide to a client and at what rate.