Zoraida Velez Usera
Date Published: 2022-03-16
A Real Estate Agent or REALTOR® is an advisor that specializes in the buying and selling residential and commercial property. He or she is a member of the National Association of REALTOR®, a professional association with more than one million members in the United States and more than 39,000 in the state of Florida.
The advice of a Real Estate Agent when buying a property is essential, because they know the financial, tax and legal environment of Real Estate. An experienced Agent will respond to questions from customers, in addition to having the knowledge, contacts and resources needed for the sales transaction to be successful.
Who pays the commission of the REALTOR®?
In a purchase or sale of a property, there are generally two Real Estate Agents involved, one who represents the seller and another who represents the buyer. Usually the person selling the property is responsible for paying a commission that is usually between 3% and 6% of the sale price, which means that the buyer does NOT have to pay the commission and should not worry about this. Payment of the commission of the REALTOR® is included in the work of the “House of Titles”.
Costs of the advice of a Real Estate Agent
When you buy a property from a Real Estate Agent, this has no cost. The only one who pays the commission is the party who sells the property.
Brief and simplified explanation of the property purchase process:
The payment method to use for the purchase of a property will depend on the amount of money you have available to invest, as well as your credit reputation. The budget you have will help you choose the area, the type of land and the dimensions of your new property.
When you sell or buy a house you will find and even work with different people who, in addition, will have different tasks within the organization. Although the objectives of these professionals are similar, they have differences: