The real estate industry works because thevalue of real estate tends to rise. As a result, people are able to make a profit by buying and selling real estate. Agent and brokers capture a portion of this profit by selling a service to those engaged in a real estate transaction.
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How does the real estate industry work?
The real estate industry works because the value of real estate tends to rise. As a result, people are able to make a profit by buying and selling real estate. Agent and brokers capture a portion of this profit by selling a service to those engaged in a real estate transaction. Not clear enough?
What does a real estate agent do when selling a house?
When a seller wants to put their property up for sale, they檒l generally contact a real estate agent to act on their behalf. With the seller best interests in mind, the real estate agent will use their knowledge of the market to accurately price the property, list it and market it to potential buyers.
How do you work with a real estate team?
Rather than working with one real estate agent, you’d work with the team as a whole. There are no set procedures that all real estate teams must follow, but team members almost invariably pitch in for each other and share the team spirit. A client can contact any other team member for assistance if one particular agent isn’t available.
How do real estate agents make money?
Real estate agents make money by charging a commission for their services that is usually paid out as a percentage of the final property selling price. This commission is split by the buyer and seller agent and it is only paid out when a sale is complete.