Upload
needyevidence597
View
132
Download
1
Embed Size (px)
Citation preview
The Roles Played By Estate Agents
Discussing The Roles Played By Estate Agents
An estate agent will be responsible forseveral aspects of placing someone in aproperty. It might be that they arepurchasing the home, or have chosen tolease for a time, but whatever the choicewas, there's someone to give advice andhelp sort out issues. By and large, when asale is involved, estate agents are calledupon to help and they'll cause drawing upthe paperwork, and liaising having asolicitor who'll ensure that everything is in order.
As estate agent must be constantly updated of changes that are occurring in the area , as newdevelopments or the opening and closure of corporations could drastically change house prices.They need to understand how much a seller can realistically make, and what a buyer can expect as areduction. There is strict regulation surrounding the business and it's the responsibility of the Officeof Fair Trading to ensure that agents work in a mode that is transparent and honest. Laws are beingupdated, therefore it is clear that will understand the things they're doing.
As they will vary for a property that's being bought than one that has been rented, understandingthe fees charged can be a minefield.
There is lots of obligation on the broker as they must not only be certain that they are selling/leasinga property that's fit for purpose, but the person who will reside there's not going to be an issue forneighbors or the landlord. A survey set up a couple of years ago showed that estate agents will oftenbill just under 2% of the cost of the home. There were concerns at one time the role of theprofessional would decrease with properties appearing for sale online.
However, the means that lots of people find out about properties for sale is via the signs erectedoutside the house. So it appears that agents all will be trading for some time to come. One thing thatthese real estate experts continually get criticized for is how a property is described by them.Everything is http://www.statons.com made to seem better than it is in order to not offend the seller.It is because of this a property should never be bought without survey and a screening.