The number of real estate transactions is growing every year, especially in large cities. Someone needs to rent / rent housing, someone plans to profitably buy or sell real estate. Each of these processes requires a competent approach and comprehensive knowledge of the nuances of a particular procedure, and this applies to representatives of both sides of the transaction. Before agreeing on the details, you need to find its second participant (seller, landlord, buyer, etc.). Not everyone is able to cope with this task on their own, and it’s scary, because so many scams today are trying to cash in on easy money real estate transactions.
A broker comes to the rescue in this situation. This is a person who will become an intermediary between the parties in the exchange, rental or sale of real estate. As a rule, he has professional knowledge in this field, has extensive experience in conducting a variety of transactions (both in features and in complexity) and established contacts. Due to the fact that the broker is a person who maintains continuous contacts with sellers and buyers of real estate of different categories and is well oriented in this market, he will quickly find the most suitable option according to your requests and financial capabilities.
What are the benefits of including a third party in a deal? After all, he has his own interest (in monetary terms), which will ultimately increase the cost of real estate transactions for both parties. In fact, the first reason is that it is the broker of the apartment that makes the deal possible (that is, it brings the buyer and seller, the landlord and the tenant). The second reason - the purpose of his work is the result that will be beneficial to each of the parties (that is, the broker helps to agree on the terms of the transaction). Thirdly, as a rule, the conclusion of an agreement with the participation of an intermediary is safer, that is, each participant is insured against the loss of his money. Agree, these reasons are worth it to pay for them.
What the broker receives is a commission (usually charged on two sides, less often on one). And if this person is really a professional in his field, with rich experience and established connections, then he earns on such transactions very well. By the way, a real estate agency (which is represented by a realtor) can also act as a broker. Contacting an office or an individual is a personal choice for everyone, in both cases there are pros and cons (which, however, depend on specific firms and specific brokers).
What other objects does the broker work with? Houses and apartments are not the only subjects of transactions in which the intermediary participates. It can be a link between the two owners (present and future) of anything. Surely everyone knows (at least from foreign films) stock brokers, who know the quotes of exchange rates and securities. Here they record the verbal consent of the brokers of the seller and the buyer to complete the transaction.
There are brokers in insurance, where they become intermediaries between the insurer and the insured. They may be insurance agents. A trading broker is a person who helps to profitably sell / buy any goods or services. In each of these cases, the result of the work of the intermediary is the conclusion of the most favorable agreement (transaction) for all, and for himself - receiving a decent reward.