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Sometimes confused with a real estate appraiser, a home inspector determines the condition of a structure, whereas an appraiser determines the value of a property. In the United States, although not all states or municipalities regulate home inspectors, there are various professional associations for home inspectors that provide education ...
In addition, a helpful buyer’s agent should be able to offer a list of reputable service providers who you may need during the home buying process, from inspectors and appraisers to surveyors ...
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
A property inspector primary task is to inspect a property to ensure that there are no structural flaws in the property. The inspector's task needs to be only on the surface level and he cannot make an intrusive check on the property. That is unless the inspector or his team find something that is just too extraordinary to ignore.
The typical commission on a real estate transaction totals somewhere between 5 and 6 percent of the home’s sale price, split evenly between the listing agent and buyer’s agent.
A real estate agent will look at comps — similar recently sold properties in your neighborhood — to get a sense of an appropriate list price. However, there’s nothing stopping you from doing ...
The real estate licensee, upon entering into a written agreement with a buyer, agrees to work for the buyer and in return, the buyer agrees to representation. [1] [2] At this point, a real estate brokerage owes the buyer the duties on Loyalty to the buyer by acting in the buyer's best interest.
Real estate licensing is subject to both the Real Estate Law and the Regulations of the Commissioner, which have the force and effect of law. In enforcing the provisions of the Real Estate Law, the Commissioner has the authority to hold formal hearings involving a licensee or license applicant. The Commissioner also has the authority to issue ...
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