Real Estate Broker? -Brandon Sacia. What is Real Estate Broker? A real estate broker or real estate...

Real Estate Broker?

-Brandon Sacia

What is Real Estate Broker?

• A real estate broker or real estate agent is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy.

• To be a Real estate agent/broker person must have license of it.

• there are commonly two levels of real estate professionals licensed by the individual states, but not by the federal government i.e Real estate salesperson or broker

Which Service can Real Estate Broker provide?

• Comparative Market Analysis (CMA)• Total Market Overview• Facilitating a Purchase• Exposure• Facilitating a Sale• FSBO document preparation• Home Selling Kits• Leasing for a fee or percentage of the gross lease value.• Property Management• Auctioning property.• Preparing contracts and leases.

What amount you will have to pay to real estate broker

• The median real estate commission charged to the seller by the listing (seller's) agent is 6% of the purchase price.

• This commission is split evenly between the seller's and buyer's agents, with the buyer's agent generally receiving a commission of 3% of the purchase price of the home sold.

• .Real estate commission is typically paid by the seller at the closing of the transaction as detailed in the listing agreement.