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Frequently Asked Questions

  • Residential Real Estate
  • Commercial Real Estate
Residential Real Estate
What is a Residential Real Estate Agent?

A licensed professional who assists in buying, selling, or renting homes, providing market advice, handling paperwork, and negotiating deals.

What services do they provide?
  • Market Analysis
  • Property Listings
  • Home Search
  • Negotiation
  • Transaction Management
  • Closing Assistance
How do they get paid?

Through Sellers & Buyers depending on the selling / buying scenario, mostly negotiated

What qualifications do they need?

Agents must complete pre-licensing courses, pass state & national exams, and meet ongoing education requirements. Some pursue additional certifications.

How do I choose the right agent?

Look for experience, local knowledge, good reviews, and personal compatibility.

What’s the difference between an agent, a Realtor®, and a broker?
  • Agent: Licensed to assist with real estate transactions.
  • Realtor®: An agent who’s a member of the NAR.
  • Broker: A higher-level licensee who can manage their own business and supervise agents.
What should I expect when buying a home?
  • Pre-Approval
  • Home Search
  • Making an Offer
  • Inspection and Appraisal
  • Closing
How can an agent help me sell my home?

Agents help with pricing, marketing, staging, negotiation, and closing.

Do I need an agent to buy or sell a home?

While not required, an agent’s expertise and market knowledge can help you get the best deal and avoid pitfalls.

What costs are involved in hiring an agent?

Mostly negotiable

Commercial Real Estate
What qualifications and experience should I look for in a Commercial Real Estate Agent?

A qualified Commercial Real Estate Agent should have a valid real estate license, a degree in real estate or related field, and a solid understanding of commercial property aspects. They should have substantial experience in the commercial real estate industry, preferably with a proven track record of successful transactions. Also, look for agents with strong negotiation skills, excellent communication abilities, and in-depth knowledge of the local market.

How does a Commercial Real Estate Agent assist in determining the value of a property?

A Commercial Real Estate Agent uses various methods to determine the value of a property. They conduct a comparative market analysis, comparing the property with similar ones recently sold in the area. They also consider factors like location, size, condition, and potential for income generation. Additionally, they may engage professional appraisers for a more detailed valuation.

How does the Commercial Real Estate Agent facilitate negotiations between buyers and sellers?

The Commercial Real Estate Agent acts as a mediator between the buyer and seller, facilitating open and effective communication. They use their negotiation skills to ensure both parties reach a fair deal. They handle offers and counteroffers, provide advice on terms and conditions, and ensure both parties fulfill their contractual obligations.

Can you explain the role of a Commercial Real Estate Agent in the due diligence process of buying or selling a property?

During the due diligence process, a Commercial Real Estate Agent guides the buyer through property inspection and financial analysis. They coordinate with other professionals like attorneys, accountants, and inspectors to ensure all potential issues are identified and addressed before the transaction is finalized.

How does a Commercial Real Estate Agent help in understanding the local market dynamics and trends?

A Commercial Real Estate Agent provides insights into local market dynamics and trends. They analyze data on recent sales, property values, and demand trends, helping clients make informed decisions. They also offer advice on the best time to buy or sell, potential growth areas, and factors that could affect future property values.

Can you elaborate on how a Commercial Real Estate Agent assists in the legal aspects of a real estate transaction?

Real Estate Agents are not permitted to practice legal role in a transaction, all legal aspects are to be handled by the buyer / seller's legal counsel

How does a Commercial Real Estate Agent help in marketing and advertising a commercial property for sale?

A Commercial Real Estate Agent employs various marketing strategies to advertise a property for sale. These may include listing the property on multiple platforms, arranging professional photography, organizing open houses, and leveraging their network to find potential buyers. They also craft compelling property descriptions to attract interest.

What kind of network and connections does a Commercial Real Estate Agent typically have and how can they benefit me as a buyer or seller?

A Commercial Real Estate Agent typically has a broad network of connections, including other agents, potential buyers, sellers, and industry professionals. They can leverage these connections to find potential buyers or sellers, negotiate better deals, and get expert advice. As a client, you can benefit from their network to speed up your transaction process and get better terms.

Can you explain how a Commercial Real Estate Agent can help in managing the financial aspects of a commercial property transaction?

A Commercial Real Estate Agent helps manage the financial aspects by providing a realistic estimate of the property's value, advising on the best financing options, and guiding clients through the process of securing a mortgage. They also help negotiate the best price and ensure all financial obligations are met on time.

How does a Commercial Real Estate Agent ensure a smooth and efficient transaction process from start to finish?

A Commercial Real Estate Agent ensures a smooth transaction process by coordinating all the necessary steps, from initial consultation to closing. They handle paperwork, arrange inspections, negotiate terms, and liaise with other professionals. They also keep their clients informed about the progress and address any issues that arise, ensuring a hassle-free experience.