Brokerage in the process of buying and selling real estate is a process of mediation between the seller and the buyer with the aim of completing the transaction. Brokerage is a key role for the real estate agent, as he prepares and arranges the transaction and deals with the buyer and seller in both legal, financial and regulatory aspects.
Among the tasks performed by the real estate agent during the brokerage process in the buying and selling process, the following can be mentioned:
Property Valuation: The real estate agent evaluates the property to be sold or bought to determine its fair value in the market. This includes setting similar prices for neighboring properties and analyzing the economic factors and infrastructure of the area.
Marketing and Advertising: The real estate agent effectively promotes the property to be sold or bought to reach as many potential buyers as possible. This includes preparing photos and presentations of the property and publishing them in various media outlets and well-known websites.
Legal negotiation: The real estate agent negotiates between the seller and the buyer to reach a sale and purchase agreement satisfactory to both parties. This includes discussing contract terms, prices, duration and any other terms necessary under local laws and regulations.
Legal Transactions: The real estate agent arranges and follows up the legal transactions related to the transaction such as preparing the necessary contracts and documents, arranging the ownership transfer process, registering the property, and calculating the related fees and taxes.
Guidance and Consultation: The real estate agent advises and guides the buyer and seller on the process including reviewing the market, evaluating available offers and identifying the specific needs of each party.
In short, brokerage in the process of buying and selling real estate plays an important role in the completion of transactions between the seller and the buyer, as the real estate agent organizes and coordinates the financial, legal and marketing aspects to achieve the best result for both sides.
