Types of Services That A Broker Can Provide
Since each province and state's laws may differ from others, it is generally advised that prospective sellers or buyers consult a licensed real estate professional.
Some Examples:
- Comparative Market Analysis (CMA) — an estimate of the home's value compared with others. This differs from an appraisal in that property currently for sale may be taken into consideration (competition for the subject property).
- Exposure — Marketing the real property to prospective buyers.
- Facilitating a Purchase — guiding a buyer through the process.
- Facilitating a Sale — guiding a seller through the selling process.
- FSBO document preparation — preparing necessary paperwork for "For Sale By Owner" sellers.
- Real estate appraisal — but only, in most states, if the broker is also licensed as an appraiser.
- Home Selling Kits — guides to how to market and sell a property.
- Hourly Consulting for a fee, based on the client's needs.
- Leasing for a fee or percentage of the gross lease value.
- Property Management
- Exchanging property.
- Auctioning property.
- Preparing contracts and leases. (Not in all states.)
These services are also changing as a variety of real estate trends transform the industry.
Read more about this topic: Real Estate Broker
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