Why is there an agent needed for both the seller and the buyer in real estate? What do realtors actually do?
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Well the buyer has usually believed that their broker works specifically for them. Maybe today with the new law changing who pays the commissions to the brokers, things will be different and everyone has their own representation vs everyone working for the seller.
But what the broker actually does is solve & resolve the myriad of issues that come up in every RE sale. Even the simplest of deals can go south in the blink of an eye and this is what a real estate broker is for. They help to keep the ball in play and hopefully move to sale along to, and thru, the closing.
90% of people believe they don’t need a RE broker, esp in a “hot market” and so they try doing a For Sale By Owner (FSBO). Almost 100% of them will contact a listing broker within 3 months.
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