Compare: Types of Real Estate Agents
If you are thinking about purchasing a house in Denver, CO, you have absolutely the right idea in your mind. The housing market is vibrant and choices are plenty. You are more than likely to purchase a valuable property at a great price. However, if you are not an experienced player of the real estate world you will need the help of a real estate agent to pick the right property. This is where it starts to get a little tricky. There are many different types of real estate agents in Denver, CO who advertise themselves as the best choice for you. You need not worry, as we are here to help. Let us run through the various types of real estate agents, so you can make an informed decision.
Real Estate Broker
Real Estate Broker is a highly experienced individual who has been licensed by the state to own, manage and operate a real estate agency or a brokerage firm. These professionals are allowed to work as brokers only after gaining extensive experience in the market as real estate agents themselves. They need to take a course and pass an exam before they receive their valuable license. Sometimes also referred to as “Principal Brokers”, they are the ones who manage a team of real estate agents.
Real Estate Agent
Real Estate Agents are the individuals who work in the field. These are the people who you will deal with on the day-to-day basis. To get their license they also have to pass an exam that tests their knowledge of the local laws pertaining to real estate and property business. Real estate agents in Denver, CO do not work independently but are usually employed by the real estate brokers.
REALTOR is a trademark term. Real estate agents who are members of the National Association of REALTORS are conveniently called REALTORS. They have to follow the code of ethics provided by the said association. You should keep in mind that not all agents are realtors but that all realtors are agents.
Simply put, a real estate agent in Denver, Co is an individual that is authorized to sell and buy commercial and residential property in the estate. They either represent the seller of the property or buyer of the property and in some states, they are authorized to represent both at the same time.
Seller’s Agent is a real estate agent who works in the best interest of the seller, helping him to find the best deal for his property. If you have entered the Denver housing market in search of a dream property, you are more than likely to find a seller through seller’s agent. He is also referred to as a “Listing Agent”. If you are a seller in Denver, you can expect the seller’s agent to:
- List your property on MLS (Multiple Listing Services).
- Help you prepare your property to be viewed by potential buyers and eventually sold.
- Negotiate on your behalf with the prospective buyers.
A buyer’s agent as the name suggests solely represents the buyers. You can expect a buyer’s agent in Denver, CO to work for you to get you the best possible property available in the market. You can look forward to being guided step-by-step through the entire property purchasing process, by a good buyer’s agent. He will:
- Help you find the perfect house for you in your price range.
- Recommend professionals like home inspectors, who can help you judge the true value of the property.
- Help you with the paperwork.
- Negotiate with the seller’s agent.
These are some of the important types of real estate agents in Denver, CO. Now you know what and who to expect when buying or selling a property in Denver.