What is the Difference Between a Real Estate Agent and a Real Estate Broker?

When one starts the process of selling or purchasing a home, it is not long before they realize that it can be an overwhelming task. There are many steps that are involved with the process that can often be quite complicated to the novice. Fortunately, there are professionals that can handle any home selling/buying situation and can take the burden off of your shoulders. Two such professionals are the Real Estate Agent and the Real Estate Broker. Before enlisting their services, it is important to understand the differences between each and their role in the process of buying and selling a home.

Real Estate Broker

A real estate broker is a person who acts as a liaison between sellers and buyers of real estate. They work to locate sellers who want to sell their property/houses and buyers who want to buy property/houses. Brokers help sellers with the marketing of their property and selling it for the best price and the best terms. For buyers, they assist them with purchasing for the lowest possible price with the best terms. In most states, one is required to have a license in order to be a real estate broker. In a few states, attorneys are permitted to conduct real property sales for compensation without being licensed as brokers or agents.

When one acquires a broker's license, they can run their own brokerage company and hire licensed agents. One has to pass a broker's exam to get licensed.

Real Estate Agent

Real Estate Agents help people with the actual locating and purchasing of a home as well as the selling of a home or property. Agents perform such duties as taking potential buyers to view homes that are for sale, offer advice to home buyers about where to acquire a home loan, submitting an offer for a home, locating the type of home that the buyer is looking for, has knowledge about the community where the home is located, and filling out specific forms that legally show that the house has been purchased. Both the buyer and the seller of the home sign these forms. An attorney is normally involved with the signing of pertinent documents.

The agent must be aware of the value of the home, all features of the home and if there are any problems with the home and property such as damage or a poor foundation, and they must be aware of the neighborhood and surrounding community. They should be able to answer any of the home buyer's questions. As well, they must have knowledge about the laws related to buying and selling a home. For home and property sellers, they help assess the price of a home and list it.

Real estate agents can be self employed or work for a company. They receive a commission for the sale or purchase of a home. Commission fees will vary among agents.

When you plan to buy or sell your home or property, you should enlist the services of professionals such as real estate agents and brokers. Understanding their role in the process and their differences will help ensure that the process is much easier and less complicated.

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What You Should Know About a Real Estate Broker Career

What is the role of a real estate broker? A real estate broker career can be a fulfilling experience for an individual and it's a career that demands both leadership and interpersonal skills. They are someone who knows the real estate market of a certain area, both inside and out. They are familiar with the estimate appraisal value of a certain property in a certain area at the given market conditions. However, the greatest distinguishing trait between an agent and a real estate broker is that a broker can run their own firm.

A broker should be able to look for a property that meets the specifications given by the purchaser at a given budget. Of course, it would mean that the broker needs to know how to negotiate a price until both parties involved in the transaction come to a mutual agreement. A broker can work independently or hire a team of real estate salespeople to work in their firm. A broker working for a buyer means that he should help the buyer acquire a piece of property at the lowest price possible. While when a broker is working for a seller, he should be able to sell a property at the highest price possible. At such demands, the broker must have the ability to be flexible to each need.

What does it take to be a broker? Before you can lead a career as a broker, you must fulfill certain experience and educational requirements. First, you have to get a license. The state must protect both the professional and the buyer from illegal transactions thus; they require those who want to practice the profession to get a license.

Getting a license as a broker requires you to study for the exam. It is recommended for someone who'll be taking the exam to read real estate exam guides or take an online broker course. Becoming a broker is a mix of hard work, patience and determination. Mentorship from a knowledgeable real estate broker can provide added benefits to your new career. There are things that you don't learn in a classroom environment. Things such as obtaining networks and field know how could only be achieved with on an on the job training.

Obtaining a license would allow you to broaden your horizons. Plus, you may discover that you want to shift your career path. For example, why not consider home appraisal? Staying on the job however does not mean that your learning must stop. Invest in yourself by attending extra classes. It would add to your credibility and value as a broker.

To learn more about Real Estate Broker Career and How to become a broker.

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9 Reasons For Hiring an Exclusive Real Estate Broker

The following are 9 reasons why you can financially benefit by retaining an experienced broker as your agent. A broker with many years of experience can help you objectively evaluate all the alternatives without potentially self-serving points of view. A broker's market knowledge is a critical factor in assuring you will be submitted all the available properties for your consideration. Maximize your broker's knowledge base by having them focus on you.

Accountability

Your own broker is directly accountable to you. You will not receive as much responsiveness, dedication and accountability with a non-exclusive broker.

Added Value at No Cost

Think of the real estate broker as your very own real estate department without paying for it. The owner of the property typically compensates the real estate broker. Most owners already have included a real estate fee in their leasing plan for the property.

Broker Selection

Using an exclusive broker allows you to select and retain the best professional available. Consider interviewing at least three (3) brokers prior to the relocation project. Your broker of choice may not be the broker that has been currently calling on you. Retain the real estate professional with the best track record in the area, regardless whether or not they're the first in the door.

Indicates a Serious Prospect

Hiring an your own agent will indicate to the owner's and brokerage community that you are a serious prospect. This may place you at the head of the pack if you find yourself competing for a property.

Negotiating Experience

The experience of a broker in negotiating a lease or purchase will result in obtaining better terms and conditions for you. The broker's "deal making experience" is vital to you achieving your economic goals.

Efficiency/ Minimizes Legal Entanglements

An exclusive broker provides you with a single point of contact. Without an exclusive broker you are faced with wasting your valuable time screening a multitude of brokers, ownership calls and or proposals.

Extensive Industry Contacts

An experienced broker will have extensive contacts with the owners of properties, vendors/contractors, and the brokerage community. These long term contacts in the industry will save you time and money.

Lease Ownership Analysis

A knowledgeable broker has the financial analysis tools and access to information which will help you evaluate the best real estate solution for your company.

Selection and Coordination of Space and Design Firms.

An exclusive broker can assist you in the selection and coordination of space planning and design firms.

use of your own agent ill maximize the leverage you will need to strategically plan and relocate your facility at the best economic terms and conditions possible. Your relocation will be fully documented and best of all, most of the time the property owner pays the commission. An experienced exclusive broker with a "deep bench of contacts" on your team could potentially save your company well above a hundred thousand dollars ( $100,000) against the bottom line. TRY USING AN EXCLUSIVE BROKER ON YOUR NEXT LEASE OR PURCHASE.

For more information on this article, Please Contact:
Dan Weil
(310) 792-9400
dan@weilcommercial.com

Market Knowledge
Since 1981 Dan Weil worked as an industrial real estate broker in the greater Los Angeles area at 2 major commercial real estate firms and in 2002 started his own firm Weil Commercial Properties, Inc. Dan offers 27 years of experience with many long term client relationships. For assistance with your commercial industrial need, please contact Dan at 310 792-9400 or visit the web site at: http://www.weilcommercial.com/resources.html

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A How to For Real Estate Broker Marketing

As real estate broker marketing is one of the essential things for you to do. This is what will increase property exposure. Consistence is important when you are distributing the materials, which will alert others to the services offered as well as the existence of the business. While you are choosing among the many marketing materials available you want to choose the ones that will work best.

There are a few things to keep in mind before you go and buy any kind of real estate broker marketing materials. Signs for the open houses and for the listings are important for marketing of houses, so they are something to think about for the times that you are selling. Otherwise, you should have magnets for the vehicle you drive in order to advertise the services that you offer.

Reaching others is something you can do by many different ways, such as online. Potential clients and real estate agents are the people that you will reach through your real estate broker marketing. You want to reach as many people as possible and can do this by things such as promotion materials and direct mailings as well.

With real estate broker marketing, selling will involve the use of signs on properties in order to draw attention to them. The signs should use bold letting and have appeal. Place banners and signs for open houses in an area that others can easily see them.

As part of real estate broker marketing, direct mailings are another aspect to utilize and should consist of things such as door hangers, magnets, business cards as well as other marketing materials. Agents are someone to advertise to and when you are selling you will definitely want to advertise to those who are potential clients. The materials you use should have a message, which is clear and easy to see.

Online is one area that will open up a whole other arena for your broker marketing, while giving you access to a whole other area of customers. When you have a site, you should have a person that is a professional create it, so it will be easier for you and a customer to use. With this option, you will also have access to the ability to send electronic mail too.

Use a variety while working in real estate marketing. As a broker, you are sure to sell at times and should always offer services to agents.

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Be Wary Of The Scamming Real Estate Broker - Tips

Prospective real estate investors may have heard, or experienced unusual selling pitches or come-ons, like offering buyers the chance to learn how to become a real-estate investing millionaires, by offering dubious rates, extra perks or add-ons.

Be on the lookout for the scamming real estate broker. However, not all real-estate investing seminars, or brokers are bad bets, of course. There are many who will help you learn about the business of investing and can be a worthwhile expert to ask for reference.

Recently, the U.S. Federal Trade Commission has issued advisories to consumers for them to be suspicious of claims that money can be earned fast, and investment growing rapidly high in short terms, despite lack of experience, and that making money using the flawed broker's formula is not truly a sure thing.

The number of seminars offered by real estate brokers to would-be property investors has exploded along with the booming real-estate market. These seminars are distinguished from professional or academic courses that focus on specific topics, such as real-estate demographics.

It isn't unusual to see ads for public seminars promising to teach you all about the art of buying real estate, like just in three days. Such seminars often usually free, and are intended to entice you to pay for additional knowledge at future conferences.

The real estate agents have a valuable source of potential deals for the real estate investor, in the Multiple Listing Service database. However, be wary that only real estate agents have a monopoly on this information, so keeping tabs on such list may be a necessary part of an investor's game plan.

Properly dealing with real estate agents can be difficult as an investor. Most agents would prefer home buyers with cash to put down, good credit and conventional buying power. Their main interest is getting a commission with a few hassles as possible. Most agents have never done a creative real estate transaction with an investor, so they are not often receptive to unusual offers. Most agents equate a nothing down offer with a buyer who is not serious.

Here are a few tips on keeping a keen eye on scamming brokers.

Stay clear of the bully, uncooperative broker types

If you cannot speak softly to a overbearing broker, don't be afraid to stand up to him. Some brokers are unethical and often refuse to present your offer. In addition, many times the broker will lie and tell you that your offer was rejected when, in fact, it was never presented. If this happens, do not be afraid to go over his head to the listing broker. If the listing broker is uncooperative, deal directly with the sellers themselves, and skip the middlemen.

Offer a short closing date to your broker

Another way to get an agent to take you seriously is to offer a fast closing time. Nothing makes an agent drool more than the thought of getting a commission check in ten days. If the agent has another offer presented to him, he will usually advise his client to take the offer with a larger earnest money and faster close than an offer which is higher in price.

Insist on doing your own computations

Sometimes you will get the other end of an uncooperative agent, that is, an overzealous broker. Be suspicious of any broker who tells you what a deal you are getting on a property. Should it be a good deal, then why didn't he buy it? Don't take the broker's word as to the value. Ask for printouts or info on comparable sales.

Be aware that information contained in the MLS database was entered by the listing broker and may be falsely inputted. If a comparable sale shows the same square footage as the house you are looking at, try visiting the area to see if it truly is accurate. Do your own assessments of property values.

Real Estate Press - http://realestatepress.org

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Benefits of Using a Los Angeles Real Estate Broker

Are you a Los Angeles resident who is interested in selling your home? If you are, have you made a decision as to how you want to sell your home? Homeowners who are interested in selling their homes have a number of different options. One of those options includes the use of a Los Angeles real estate broker.

Many homeowners wonder why they should use the services of a Los Angeles real estate broker. There are a number of benefits to using one. If you are about to sell your home, you should familiarize yourself with the benefits of using a Los Angeles real estate broker. Doing so will enable you to make an informed decision as to whether or not you want to sell your own home or seek assistance.

Perhaps, the most important benefit of using a Los Angeles real estate broker is the assistance that you will receive. Real estate brokers are often referred to as real estate agents. Each person, no matter which name they choose to go by, should be trained and experienced in customer service. This training will allow a real estate broker to offer you the utmost service, as well as potential buyers.

A knowledgeable and helpful real estate broker is important to the successful sale of a house. In addition to being trained in customer service, real estate brokers will assist you all the way through the selling of your home. This means that they will not only deal with potential buyers, but advertise the sale of your home, and work with lawyers or accountants. Basically, they will stay with you until the sale is officially completed. All of these features are beneficial to homeowners.

The proper advertising of your home is important because it enables potential buyers to visit your home or even know that it is for sale. Many homeowners are inexperienced when it comes to advertising and marketing. This is why many for sale by owner homes sell for less than they actually should. The knowledge and marketing experience that most real estate brokers receive will not only help your home sell, but it may also drive up the value.

If and when your home receives a buyer, that individual will likely escrow the money for the home. Arranging and managing an escrow payment is a difficult task. Many home buyers have accountants or lawyers on hand. Dealing with these professionals may be overwhelming. If you use the services of a Los Angeles real estate broker, you may not even have to have contact with these individuals. Many real estate brokers in the Los Angeles area will process and monitor all payment methods used by potential buyers.

As a homeowner, you have the final say in whether or not you want assistance with selling your home. If you offer your home as a for sale by owner home and the process is not going well, you can always seek assistance from a professional if you need it.

Brad Horn is a writer for 1 percent realtor where you can find a great resource for information regarding a Los Angeles Real Estate Broker [http://www.1percentrealtor.com/los-angeles-real-estate-broker.html]

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Choosing a Reliable Real Estate Broker

Employing the services of a real estate broker is sometimes the best option when you are buying or selling a property. For this reason, it is crucial for you to find a broker who is dependable and with whom you can have a comfortable working relationship.

The potential broker should have the proper credentials including their years of experience in the trade. You may also want to check out their license to engage in the business as well as some references if possible.

Doing transactions with real estate brokers requires you to work closely with them, which means personality becomes an important factor in your relationship. Choose a broker who is easy to get along with and can communicate well.

You would feel more comfortable if your broker is quite familiar with the locality you are planning to settle in. Try to find out whether or not they have successfully served clients in the area in buying and selling property.

To make their jobs easier, real estate professionals use the Multiple Listing System, or MLS. You can avail of the benefits of this system's database through your real estate broker and use the information to your advantage.

Choose a realtor who knows how to focus on your needs and knows how to deal with different kinds of people. Remember that real estate business is one of negotiation and persuasion, therefore, your broker should have these skills.

Keeping a good communication channel with your realtor is essential to ensure you are constantly on equal footing. Even if your broker may sometimes be unavailable to answer your calls, they should be responsible enough to resolve matters in a timely manner.

Exercise caution when you are asked to sign any agreement. Never hesitate to ask questions before signing and try to understand details so you can keep yourself safe from ambiguous or hidden provisions.

Dave Manner has been writing articles about brokers for the past two years. He also enjoys writing about New York real estate topics, such as commentary about East Village apartments and Gramercy apartments.

Dave Manner

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Choosing the Right Real Estate Broker

Choosing the right real estate broker is important whether you are buying or selling, so make sure to shop around first. Talk to at least a few brokers before making your final decision, since you'll want to make sure you feel comfortable working with them.

It's also important to make sure any broker you select has the proper qualifications. Pay attention to how many years they've been a broker, and ask about their success rate.

Personality is also an important consideration since you'll be working closely with your real estate broker. Choose one that is easy for you to work and communicate with effectively and that will be reliable with respect to answering your phone calls or emails.

Make sure whoever you choose is familiar with the area you are interested in. Check to make sure they've actually completed real estate transactions, both buying and selling, in the neighborhood where you want to buy.

Real estate brokers have access to many tools that a home buyer or seller wouldn't have on their own, such as the M.S.L. Take advantage of these tools and use your broker to his or her best advantage.

Be sure your broker focuses on your needs and has good customer service and people skills. Real estate transactions often take a certain degree of negotiating skills, so keep this in mind as well when choosing a broker.

Maintain good communication with your broker through a variety of channels to make sure you're both on the same page at all times. Your broker might not always b e able to return your calls immediately, but they should at least be timely about it.

Pay close attention to any contracts that you may be asked to sign. If you have questions, ask before signing so that you protect yourself from any hidden terms.

Josh Craver has been writing articles about brokers for the past five years. He also enjoys writing about NYC real estate subjects, specifically providing commentary on Chelsea apartments and West Village apartments.

Josh Craver

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Commercial Tenant's Guide to Choosing the Best Commercial Real Estate Broker

Choosing the right real estate professional is the first and most important decision you will need to make when embarking on the commercial real estate leasing, lease renewal negotiating, subleasing or buying process.

As a prospective buyer or tenant of commercial real estate, it's important to take advantage of the valuable service a professional real estate advisor can add to a process can quickly become risky, expensive and time consuming. Like any large business undertaking, failure to seek professional advice on an area outside of your expertise may lead to misinformed decision making that will place your business at risk and certainly the lack of market knowledge and negotiating expertise to extract the maximum concessions from a transaction.

Fortunately however, most business owners are only faced with a corporate real estate transaction or challenge every couple of years. That being said, if you don't already have one, how do you go about choosing a commercial real estate advisor who's qualified to achieve your goals? And if you do, how do you determine your current representative is up to the job this time around?

Below are eight hard and fast rules to thoroughly consider for choosing the best commercial real estate advisor for the job:

1. Choose a broker who will represent your best interests, not the landlord's or seller's, to avoid a Dual Agency situation.

First and foremost, choose a broker without the conflicts of interest associated with representing landlords and sellers. And whatever you do, don't choose the landlord's/buyer's broker to represent you! While this may seem obvious, it's the biggest mistake tenants and buyers make, often perpetuated by the listing broker who may claim you will save money because they don't need to pay your representative and you will save time as you can negotiate direct. It's important to understand the listing broker is motivated to create a dual agency situation because he will receive the entire fee for negotiating against you, the tenant or buyer, who lacks his negotiating expertise and market knowledge. Hence the landlord wins, you get a raw deal and can only hope that the listing broker assists you with the often time consuming tenant improvement and relocation process once the deal is closed and he's been paid.

While dual agency is perfectly legal in California and can sometimes result in a fair outcome, it is fraught with potential conflicts that must be managed by the broker to protect the best interests of both parties to the transaction and himself. Quite frankly, no matter how convinced the listing broker is that he can avoid conflicts of interest in a dual agency situation, it's practically impossible to do so. Thus, choosing a buyer/tenant representation specialist is essential to achieve optimum results. In doing so, you instantly avoid the conflict of interest risk and can be confident that you have an expert on your side (not the landlord's!) that will work hard and provide the expertise and knowledge to understand and achieve your needs and represent your best interests only. Would you hire the same attorney as your adversary to represent you in a lawsuit? Of course you wouldn't. Hiring a real estate representative should be treated in the same fashion.

2. Choose a broker who is a specialist in Tenant/Buyer Representation

Besides not having conflicts of interest to manage, a specialist in tenant/buyer representation provides many other services exclusive to his specialty and will provide a much higher level of service and commitment than a generalist that represents both landlords and tenants. With depth of experience and expertise in specializing in representing tenants comes the wisdom to apply the knowledge, tools and resources to achieve your objectives and to serve your best interests. A specialist will also likely be able to dedicate more time and energy to serving your needs than a broker that represents both landlords and tenants. They will not be overwhelmed with having to juggle as many transactions and constantly preparing time consuming marketing reports to landlords. They'll also be there for you to project manage any tenant improvements and facility needs you have either immediately after the transaction has closed or at any time during your lease.

3. Choose a broker who has experience in your immediate area.

There is no substitute for true market knowledge; knowledge, which can only be gained through extensive transaction experience in a defined geographic area. It is, quite simply, the only way to acquire the market 'intelligence' required to drive the hardest bargain for a tenant or buyer. An experienced tenant/buyer representation specialist who works in your target market knows not only what is available in your market before anyone else, they know every landlord's negotiating strategy, motivations, financial constraints, operating expenses and other key information he can use to your advantage. Be careful of tenant/buyer representatives who don't specialize geographically. They don't have the required market knowledge to get you the best terms, and must rely on unreliable and incomplete third party databases for market data.

4. Choose a broker who has experience in your particular product type.

The importance of specialization also applies to the type of property contemplated in the lease or sale transaction. There are stark differences between industrial, office and retail properties. The physical aspects of each are substantially different, as are the lease structures, term, conditions and operating expenses, among other things. For example, a full service gross office lease is a completely different challenge than a single tenant industrial triple net lease. So, make sure that the real estate advisor you choose has a track record of handling transactions like yours.

5. Choose a broker who has experience representing your type of business

Understanding how your business utilizes space and its specific operational requirements, as well as how your space requirements may change in the future, is an important component in choosing your next location. A broker who has experience in representing businesses like yours in your industry and location will help streamline the process of finding the right property, especially if your operation requires specialized improvements, proximity to other service providers or regulatory approvals. If your real estate broker does not possess a complete understanding of what you do, valuable time could be wasted and opportunities may be lost. The first thing your commercial real estate advisor should do is ensure he fully understands your business and, in turn, your real estate needs. Experience in representing similar companies will expedite this process and may even be able to offer valuable recommendations you hadn't considered.

6. Choose a broker who has a clearly defined process for achieving your needs and a high level of accountability to you throughout that process.

While every real estate transaction will have its unique challenges, the commercial real estate advisor you choose should demonstrate to you that they employ a logical, step-by-step process for handling your assignment. Unexpected surprises will be minimized if your broker handles the mechanical aspects of your transaction in sequence and in timely fashion before moving to the next step. As important as the process is, your broker should have a way of holding himself accountable to you as the transaction progresses, so that you are assured that nothing is overlooked and your interests are being thoroughly served from start to finish. Surprises are great at parties, but not in real estate transactions.

7. Choose a broker who has the necessary tools and support to give you the highest level of service.

Having the best information at your disposal is a key element in the making of a good real estate decision. Knowledge is power and, as such, your broker should have access to the best market information, analytical tools and human resources available to assist him in executing the transaction on your behalf. Ask for a list of these resources with an eye for their relevance to your requirement. The best real estate advisors at the top brokerages have access to the best resources and the most in-depth and timely information and they know how to use these tools to your advantage throughout the real estate process.

8. Choose a broker who you trust and you connect with on a personal level.

Choosing a real estate advisor with all the skills, experience and expertise for achieving your real estate needs is all well and good but don't overlook the personal touch. We all naturally associate with people we like and have something in common with. Once you've selected who you believe can best represent your needs, be sure you both get to know each other on a personal level as best as possible. With good instincts this shouldn't take long. If you and your real estate advisor get on great, not only will you both gain each other's trust, but your representative will likely have a higher level of commitment to you on an emotional level and will want to work harder for you than if you were just another one of his clients.

Finally, when a real estate advisor claims they are the most qualified for the task at hand, don't necessarily take their word for it. Always ask for references and to see case studies that clearly demonstrate their claims. Don't hire a real estate advisor unless they can prove they've achieved great results for someone like you!

You can click HERE to view some of our clients' success stories.

For free advice, a no-obligation consultation or lease audit to determine the cost-savings and real estate strategies available to you, call Stefan Rogers direct: (949) 263 5362.

By Stefan Rogers, MRICS: (949) 263 5362
srogers@voitco.com
Voit Commercial Tenant Solutions is part of Voit Real Estate Services - 2020 Main Street, Suite 100, Irvine, CA 92614

Our corporate real estate services provide strategies and solutions that optimize business growth and profitability, maximize time and money savings, and minimize exposure to risk.
http://www.voitcts.com

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Do You Trust Your Real Estate Broker?

The relationship between you and your real estate broker is similar to a marriage: it must be founded on trust and understanding.

Without this groundwork, the relationship is doomed to end up in failure. And between you and your agent, you're the one who has a lot to lose. So it is only practical to look after your own interests. The best way to do that is to look for a good real estate broker, someone you can definitely trust.

Knowing Where To Look

When in search of a good real estate broker, you certainly have to know where to look around. Knowing what you want may be important, but having at least an idea of the right places to look for an agent is just as crucial.

Before you set out on a search for a real estate broker, ask around first. You can ask your relatives, friends, or colleagues about their experiences -- good and bad -- with selling or buying properties. If they can recommend a good agent, then don't forget to jot down his or her number so that you can request for a future meeting.

You can also leaf through magazines and newspaper ads for reputable agents. This would give you the chance to do a check on a particular real estate broker, if you want to, prior to your actual meeting.

However, if you intend to purchase a home, instead of selling one, you might want to steer clear of property listings. The agents listed there would certainly represent the home seller and not you. And that would totally contradict your intentions of looking after your own interests.

Qualities of a Good Real Estate Broker

Know what you want: that is the first and most important rule that you should always remember. You should never settle for less than what you intend to get -- and so should your agent. Having said that, you should also look for certain qualities in a real estate broker before hiring him or her to represent you and your interests.

You must assess whether or not the agent truly understands your needs. He or she must show an eagerness to work with you until your needs are satisfied. In addition to that, he or she must also exude confidence and a sense of professionalism. And it would not hurt to have excellent feedbacks from his or her previous clients. So don't forget to ask for character references from past home buyers or sellers.

A knowledgeable and experienced agent -- someone who shows familiarity with the area you are interested in, as well as the price range you have set for yourself -- is a big advantage. Hiring an expert real estate broker may be costly, but at least it would increase your chances of getting what you truly want out of the professional relationship.

Without these qualities, you would find it difficult to trust your real estate broker -- and trust is a very important word in the business of selling or buying houses.

http://realestatepress.org - Real Estate Press

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Easy Tips to Identify Good Real Estate Brokers

I know you are planning to invest in real estate, as it is the best investment avenue in the present modern world. In fact the real estate market has its own charm always, as there will be property transactions each and every day. Home is a primary requirement of any human being and many are out there in the market looking for great deals.

How can you be assured of getting a great deal?

I know that you know the answer. But I want to emphasize the importance of the real estate brokers. Real estate brokers can make great differences in your investment opportunities.

Distinguishing between good and bad

Many people ask me how to distinguish between a good broker and a bad broker. In fact you also asked the same question earlier, right?

Let me give you some effective tips for you to identify an excellent real estate broker.

o When you are looking for your dream home through a real estate broker, you have to approach a reputed real estate broker. He will gain the reputation only through many years of experiences and his admirable services to the buyers and sellers. He would have facilitated many buyers to get his dream home and for sellers to get good value for the property.

o Next factor to be considered is the experience. You make sure that your broker knows in and out of the real estate market in the locality of your interest. An experienced broker will know the good and bad of the property in that locality. He will know about the local market prices of the properties as well.

o Good real estate brokers will act as negotiators between the seller and buyer. He will never take the role of a spoke person of any one side, especially of the seller. He will be a patient listener to the needs of the buyer as well.

o You have to approach a real estate broker who has many properties listed for sale. Similarly he should have a good client base of sellers and buyers, so that the deal can be easily materialized.

o Good real estate brokers will have strong small group who are ready to serve the customers as and when requirement arises. They will do all processes on behalf of sellers and buyers, including the documentation.

o Good real estate brokers will classify the properties in to number of groups based on location, price tags, facilities and other factors. As a buyer this will help you in narrowing down the search.

o Good real estate brokers will always give good advices on the repairs and modifications required on the property. He will bring the notice of the buyer the disadvantages of the property as well.

You can check with your family members or friends who had dealings with the real estate brokers for a perfect selection. This is a best way to identify a good real estate broker.

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Finding The Right Real Estate Broker In Miami, Florida

Any person who has experience with the entire buying or selling process in the real estate market knows how difficult it can be, especially if you do it on your own. People who think that sticking a "for sale" sign in front of their house is enough to get them some potential buyers will find that this notion is far from what actually happens, in fact, this manner of selling is not only ineffective, but is simply an outdated form of selling a real estate property. There are a lot of factors to consider if you want to be able to succeed in your whole buying or selling experience with real estate properties, especially in Miami, Florida. A lot of preparation and planning is needed, as well as a considerable amount of skill and understanding of the real estate market in Miami if you want to succeed in your venture and give you a good real estate experience.

One of the things that people should try to do is to hire the services of a real estate broker, especially for a prime real estate such as Miami, which is considered to be one of the hottest pieces of real estate in the market today. There will be a lot of potential buyers and investors who will be eying your real estate property, so it would be best if you are able to put your best foot forward with this type of transaction, which is why you need the services of a real estate broker, especially since they will be able to supply you with the necessary information to guide you into making the right decision so you can make the most out of the deal.

Real Estate Broker Qualities

Before anything else, you should try to find at least three potential real estate brokers so that you will have more choices, but at the same time have a point of comparison between them. In order to determine if the real estate broker that you are planning on hiring is the right one for the job, you must first determine if he is a licensed real estate broker, just so you can be sure that he has the necessary knowledge and skill that any real estate broker should possess with regards to the real estate market. You need to check if he is in fact a legitimate real estate broker just so you can put your trust in his ability and knowledge.

Another factor that you should check is his experience. Ask about his previous clients and transactions, and check if whether he was able to perform in those dealings in the way that you expect of them. This is also the perfect time for you to ask for referrals and check from other people, more specifically from his former clients, his performance and their satisfaction with his performance.

Since Miami real estate is very well sought after, a lot of offers may come into play when you put your Miami real estate out there in the market. Due to this, you need to make sure that your potential real estate broker knows or has a substantial knowledge and understanding about the real estate market, more specifically, the real estate market in Miami. Having such knowledge will help him better handle the entire buying or selling process of your real estate experience, giving you the best possible transaction for your property.

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Five Key Condsiderations for Choosing The Right Commercial Real Estate Broker

Commercial Real Estate investing requires working with the right Commercial Broker to reach your investment goals. The following Five Key considerations will determine if a broker will bring you a stream of quality properties you are looking for and makes your business their priority.

Key consideration number one: Do your due diligence.

Start by doing the same kind of Due Diligence on your Broker Candidates as you would on properties themselves. This will increase the probability that the broker you choose will be the right broker. Make sure you create a guideline containing your specific goals and needs to qualify your broker candidates. I research the agents that I will potentially be working with. I read their brochures, promotional literature, websites, past closings, etc so I can cross reference credentials and history with other brokers in the marketplace. Remember, choosing the right Commercial Real Estate broker can potentially net you millions of dollars worth of time and money.

Key consideration number two: How long has the broker been in the business?

There are many brokers who cross over from Residential Real Estate into Commercial Real Estate in an effort to "make big money". What they fail to realize is that Commercial Real Estate is more than just selling or buying real estate. It requires an ability to understand and interpret profit and loss statements, rent rolls, third party contracts, and many more specific documents that are involved with each transaction. It's more than just writing up a contract. If your potential broker can not figure out the Net Operating Income of a building or can not tell you what the debt service coverage ratio is, then you need to keep looking.

Key consideration number three: Have they kept current with changes in their profession along with market changes?

Ask the commercial real estate broker about his or her credentials, certification and education in terms of selling commercial properties. Your Commercial Real Estate broker may have years of experience but they also need to be able to adjust to new selling or buying methods. If your broker is not in the loop about the newest trends of investors buying pools or how new technology is affecting the market trends, you may potentially lose out on a property. I never deal with brokers who have some commercial experience, it is important to know who you are working with in terms of their familiarity with the type of investment you are considering.

Key consideration number four: Make it a point to get to know the broker's staff.

It is important to ascertain the competency of their staff to see if your deal will be handled with professionalism and efficiency. The right broker will have key employees that have a wealth of knowledge about an area and the ability to make a transaction smooth. Things to consider are: Who do they know that will help me build my team? What type of relationships do they have in the industry? Do they maintain broad relationships that can assist me in developing market contacts?

Key consideration number five: Most of all, make sure the broker is loyal to your needs as an investor and is not in a conflict of interest.

A broker with a fiduciary interest in a property is incapable of putting my needs first. I am very careful to deal with business ambiguity up front in all contractual relationships and will work with someone based on their their loyalty to me being their first priority. Pay particular attention to how fast they return telephone calls after meeting. This may sound insignificant, but it says something about their professionalism and the way they do business. First, a broker will have information about the market that you will not, especially if they have worked in the area for an extended period of time. I have worked with brokers that have sold the exact same properties a number of times. They were able to give me history about building conditions and ownership that I was unable to get from other sources.

Interview as many brokers as needed to make sure they are a good match to do business. The right broker will find commercial properties that meet your investment and business criteria. In the long run this is a business relationship that grows over time, so make it a point to nurture this relationship. Clarity about your investment criteria will help reduce problems finding the right broker. Some resources that can help you begin your process would be The National Association of Realtors, recommendations from other investors, checking professional periodicals online and off, investment associations, and word of mouth from trusted allies.

SUMMARY:

-Choose your Broker carefully - do your due diligence here too

-Make sure they have specific Commercial education and experience

-Know the way they work and the times needed from contract to close

-Be clear on the properties you are looking for

-Make sure the Broker is always working in your best interest

-Evaluate their staff in the same way you do the Broker

-Close when you say you will - so they get paid

-Take good care of your relationship - it will get more and more valuable over time

Learn more from a proven Investor Education Resource:

Investor Tours University is a dedicated resource helping investors build wealth and achieve their defined level of success. We offer state-of-the-art commercial real estate investing education, tailored to meet the needs of investors with varied backgrounds and experience levels. Our faculty consists of a network of national experts in legal, tax, investment strategy, property management, acquisition and sales professionals who practice what they teach investors, which is how to achieve generational wealth using commercial real estate.

Monte Lee-Wen is an author, CEO and the Founder of Investor Tours University. His website is http://www.investortours.com

ITU is a subsidiary of the Partnered Property Acquisitions Group, The PPA Group, of Austin, Texas. The PPA Group has holdings of over $40 million in commercial real estate with a projected target of over $100 million in commercial real estate acquisitions by the close of the forth quarter of 2007. Visit http://www.theppagroup.com

The PPA Group does business in all 50 states. Monte may be contacted at (512) 651-0513. ITU is the #1 educational resource for in depth commercial real estate investment education offering a proprietary investment system taught by Monte Lee-Wen.

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