Looking for a real estate agent in Australia? Consider these factors ...

Most often than not, many people do not know the difference between?real estate agents - a realtor and broker. Though at times some have interchangeably used these words, understanding the thin-line between them is helpful in finding the best agent here in Australia. As a big country and an ever-growing economy, Australia has seen a lot of boom in the real estate industry with most developers concentrating on the commercial and residential properties. To visit the definitions a bit, a broker simply acts like a go between the seller of property and the interested buyer. Though the agent actually does the same, they are not capable of doing their business without being under a broker and are further divided into different groups.? The term realtor on the other hand just point to the fact that the?property managers?are registered with the relevant body and are therefore dully licensed to transact. An illustration would be a lawyer being registered by the law society.

Prior to looking into the characteristics of a good real estate agent, it is beneficial to know the type of such agents available in major Australian cities (such as Sydney or even Brisbane). There is the Seller Agent whose main expertise lies in finding suitable property buyers. They are always acting on behalf of the property seller and thus must serve their employer?s interests. Seller Agents are also known as Listing Agent and are governed by listing agreements signed between them and the property owners.

The other type of a real estate agent Sydney would be the Buyer Agent who, as the name suggests acts on behalf of those who want to purchase property. They can however work for sellers on other deals separate from where they are buyer?s agents. Though not always appreciated and may be illegal, there are cases where an agent can be both a listing and buyer?s agent if both are need for a transaction to take place. This type of agent is commonly referred to as ?Dual Agent?. Finally, there is the Transaction Agent who in essence does not represent any party during the sale of a property but rather restricted to the facilitation of the transaction process.

Factors that define good?property management?Brisbane begin with respect for the client, being practical and always able to come up with solutions to different problems facing the client. Consistency and humility are virtues that are conspicuous in a good property management too. In addition, there are things that a buyer or a seller should also confirm from an agent before settling on them. First, the reputation of the agent and how many properties they have closed. It is preferable to work with agents who have worked with a family member or close friend.

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Source: http://blondblue.com/looking-for-a-real-estate-agent-in-australia-consider-these-factors/

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