What is the limited agent doing?
Limited agent, also known as a dual agent, works for buyers and seller in real estate transactions. Among the work duties of an agent with a limited agent, the help of sellers is to set real estate prices, find real estate for buyers for purchasing and negotiations among buyers and sellers. In addition to the fact that the limited agent works for the buyer and the seller, the job description is similar to a description of any other real estate agent. After the property is decided, the paperwork must be completed so that the document or title is converted to a new owner.
This work means helping sellers to determine the right price for the property they sell. Limited agent helps owners of real estate to come up with this number of real estate prices in this area, by examining any special properties of the property and consulting with other evaluation experts. The dual agent often begins with representing the seller and then ends up by the buyer's representation if he or she nee reaLitno agent.
Limited agents will also find real estate for buyer purchase. This means spending time working outside the office, looking at various properties and creating extracts. Once the buyer tells the agent what he is looking for, the agent can show the buyer different real estate. A limited agent often shows the buyer the characteristics that the agent represents at the sellers. This means that the agent must have a good knowledge of the qualities he has for sale.
As soon as the property is found, the task of a limited agent is to negotiate the price between the buyer and the seller that includes things such as the cost of closing and the data of the move. It is necessary to take care of further legal paperwork, such as the transfer of acts and titles to the new owner. In addition, the agent acts as the main communication line between the buyer and the seller during the process.
In some parts of the world, it is not considered to be an ethical work as a limited agent because the object isHe / she is evident in representing the competitive parties in the real estate store. Since the seller is trying to make a real estate profit, the agent must try to sell the limited property at the highest possible price. The agent also represents the buyer trying to buy the property at the lowest possible price. It may be difficult for the agent to represent both parties successfully without creating an unethical situation.