Selecting the right realtor
When buying or selling a home it is important you select someone who understands your requirements and is capable of helping you attain your goals. There are close to 20,000 real estate agents in San Diego County. Having the right person on your side can be the difference between working out a favorable sale or not working out a deal at all.
Realtors, agents, and brokers
Most agents and brokers are realtors. To be a realtor you must be a member of the National Association of Realtors and subscribe to the Realtor Code of Ethics. A real estate agent must be employed by a broker. A broker is essentially a real estate agent with more training, responsibilities, and a higher certification.
Selling Agent Vs. Listing Agent
A selling agent represents the buyer. A listing agent represents the seller. Most agents work as selling agents and listing agents when they are working with a buyer or seller. It is common for real estate agents business to be 50/50 in working with buyers and sellers.
Single Agency vs. Dual Agency
In a single agency an agent represents either the buyer or seller. In a dual agency an agent represents both the buyer and the seller. Most transactions are single agencies. The buyer and the seller have to consent to a dual agency.
Cost to work with a realtor
The seller pays all real estate commissions. It generally costs a seller 5%-6% to sell a home. That means 2.5%-3% goes to the selling agent and 2.5%-3% goes to the listing agent. There is zero costs for a buyer to work with a real estate agent since the seller pays the commissions for both the seller’s agent and the buyer’s agent.
Brian Hall Properties
With 10+ years in real estate, I have always found success by putting my clients needs first at all times. Please give me a call if you are looking for an expert real estate broker to ensure you have a positive and successful experience.
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