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Friday, June 5, 2009

Types of services that a broker can provide

ince each 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 "Sale By Owner" sellers.
  • Full Residential 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 re-engineer the industry.


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