Describe the ways in which a real estate broker represents buyers versus sellers. What’s a typical...

Describe the ways in which a real estate broker represents buyers versus sellers. What’s a typical real estate commission?

Solutions

Expert Solution

Real estate broker can act as real estate buying agent as well as real estate selling agent for many of their clients

Real estate buying agent will be looking for all such properties which we are offering his clients the lowest possible cost and the best possible value and maximization of his overall benefits so he will be looking from the buyers perspective because he is an agent of the buyer and he will be trying to maximize interest of the buyer and the real estate buying agent are completely trying to look for cost cutting and best possible house as per the needs of the buyer.

Real estate selling agent will be looking for selling the property of the client by attracting the highest bid and he will be different from the real estate buyer agent as he will try to attract highest possible bid for the house is client is wanting to sell and he will be trying to look for the best possible bid and maximize the rate of return of its principal who is the seller.

hence it can be said that the duties of a agent from the perspective of the buyer and seller are different.

real estate commission will be the amount of charge made by the brokers from the buyer or the seller or when they are trying to facilitate them with their service of providing them with the assistance regarding buying and selling.

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Describe the general process one goes through to obtain their broker real estate license. please no...

Describe the general process one goes through to obtain their broker real estate license. please no hand written, mucho respect

A real estate broker is offering an apartment building for sale that has the following characteristics:...

A real estate broker is offering an apartment building for sale that has the following characteristics: The asking price is $3.5 million with the land valued at $500,000. The 160 apartment units rent for $250 per month with rent expected to increase by 4% per year starting in year 2. Vacancy and bad debt allowance is 6% of the potential gross income each year. Operating expenses are expected to be 32% of effective gross income each year. The real estate...

Which of the following are characteristics of a perfectly free economy? A. All buyers and sellers...

Which of the following are characteristics of a perfectly free economy? A. All buyers and sellers can freely and immediately enter or leave the market. B. There are numerous buyers and sellers, none of whom has a substantial share of the market. C. Every buyer and seller has full and perfect knowledge of what every other buyer and seller is doing, including knowledge of the prices, quantities, and quality of all goods being bought and sold. D. All of the...

Assume you negotiated the sale as a real estate broker and are entitled to a six percent commission.

Assume you negotiated the sale as a real estate broker and are entitled to a six percent commission. The offer and acceptance contract calls for a sales price of $230,000. The buyer has tendered $2,000 for earnest money. The buyer has received loan approval on an 80% loan to value ratio loan. The property is presently encumbered with an existing mortgage with a balance of $150,691.73. The interest on the loan has been paid through April 30, 2019. The interest...

In some states, including Alabama, a real estate broker is allowed to represent both the buyer...

In some states, including Alabama, a real estate broker is allowed to represent both the buyer and the seller in a real estate transaction. This is known as "dual agency." Do you see any potential problems with this arrangement given what you have learned about the duties of an agent to the principal? How can a broker simultaneously get the highest offer for a seller and the lowest price for a buyer? Your response should be between 150 and 300...

As a real estate broker you are interested in a quantitative, data-driven approach to setting rental...

As a real estate broker you are interested in a quantitative, data-driven approach to setting rental prices so that you can effectively price and lease apartment units. To aid you in this endeavor you have sample data on recently signed residential leases in your area, presented below. Your objective is to learn if there is a significant relationship/pattern between the size of an apartment and the rent charged. If there is a relationship/pattern, we want to quantify that relationship and...

At what point does a Montana Real Estate Broker become a buyer's agent for an out...

At what point does a Montana Real Estate Broker become a buyer's agent for an out of town buyer?

Assuming you want to be a Real Estate Broker, what types of things would be important...

Assuming you want to be a Real Estate Broker, what types of things would be important to you in choosing a broker, and why?

The real estate broker claims that “on average, 70 people passes by the store every hour.”...

The real estate broker claims that “on average, 70 people passes by the store every hour.” A sample of 12 hours revealed the following number of people passes by. 64, 66, 64, 66, 59, 62, 67, 61, 64, 58, 54, 66 What is the point estimate of the population mean, i.e. sample mean? What is the sample standard deviation? (I didn’t show you how to do this using your calculator this year, therefore, I am giving you the answer here;...

Consider a market in which there are many potential buyers and sellers of used cars. Each...

Consider a market in which there are many potential buyers and sellers of used cars. Each potential seller has one car, which is either of high quality (a plum) or low quality (a lemon). A seller with a low-quality car is willing to sell it for $4,500, whereas a seller with a high-quality car is willing to sell it for $8,500. A buyer is willing to pay $5,500 for a low-quality car and $10,500 for a high-quality car. Of course,...

Subjects