agent will teach you what you can afford, help you set a budget, provide some insight on the current conditions of the market, and explain what you should expect while shopping for a home. During the shopping period, you’ll meet with your Broker for tours of homes in which you might be interested. They will give your insight into the floor plans, the home’s pertinent selling points, and the overall crime rate of that neighborhood. They will also give you the rundown for local activities, restaurants, shopping centers, and schools nearby. Your Broker is responsible for ensuring inspections of the homes are complete, as well as the disclosures therein. They’re also in charge of ensuring coordination and completion is done through the roof inspector, attorneys, lenders, and all other professionals involved with the purchase of the home. All Brokers hold the same responsibility, which is to inform their clients of all potential risks that could arise due to conflicts of interest.
HOW REAL ESTATE BROKERS ARE P KERS ARE PAID
The compensation structure for real estate Brokers can vary, especially with recent regulatory changes that offer more flexibility and transparency. Brokers are required to disclose their compensation arrangements clearly in the buyer agreement. This ensures that you, as a buyer, understand exactly how your Broker will be compensated and can make informed decisions. Possible Compensation Structures Here are some of the ways a buyer’s agent can be compensated:
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