MargaretPChef
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Real estate agents act as intermediaries between buyers and sellers in the home buying/selling process. They help buyers find potential homes that meet their criteria, and assist sellers in marketing and pricing their property. They also handle negotiations, paperwork, and facilitate the closing process.
Real estate agents typically earn a commission based on the sale price of a property. This commission is usually split between the buyer's agent and the seller's agent. The commission is paid by the seller at the closing of the sale.
In order to become a licensed real estate agent, individuals must complete a certain number of hours of classroom instruction and pass a state exam. They also must be sponsored by a licensed real estate broker. Some agents may also have additional certifications or designations, such as a Certified Residential Specialist or Accredited Buyer's Representative.
A real estate agent is licensed to help buyers and sellers with real estate transactions, but they must work under a licensed real estate broker. A real estate broker has passed additional education and licensing requirements and can work independently or hire other agents to work for them.
While it is possible to buy or sell a home without the help of a real estate agent, it is not recommended. Real estate agents have the knowledge, experience, and resources to help you navigate the complex process and ensure a successful outcome. They can also save you time and potentially negotiate a better deal on your behalf.