A Comparative Study Of Real Estate Agents VS Brokers In Chelmsford




As a buyer or a seller, you will often come across the two most popular terms- a real estate agent and a real estate broker. Often people consider these two roles to be synonymous and that’s why they don’t pay enough attention and end up hiring the wrong professional. In reality, a broker and an agent are not the same and their job roles and responsibilities are also different.

In the below article, we will talk about some of the major points of difference between the real estate agents and brokers in Chelmsford for better clarification and understanding.

Roles And Responsibilities:-

Real Estate Brokers

       The real estate brokers will guide every single type of professional working in a real estate firm.

 

       They are responsible for the management of the firm or real estate agency.

 

       A broker handles all the listed properties, market prices, and other aspects of the industry.

Real Estate Agents

       Estate agents Chelmsford are responsible for showing the buyers all the prospective properties that will match their requirements.

 

       They will be responsible to connect with the buyer’s agent and initiate a negotiation.

 

       The deal is usually signed with the real estate agents acting as mediators.

 

       It is the duty of an agent to propose different offers and reach a point where it will be a win-win situation for both parties.

Types Or Categories:-

Real Estate Brokers

There is no such category for real estate brokers. Therefore, when you look for a broker, you won’t have to deal with the hassles of learning about their subtypes.

Real Estate Agents

The estate agents Chelmsford can be categorised into three main types:

  1. Buyer’s agent who works with the property buyer or investor.

 

  1. The seller’s agent is responsible for handling all the work from the seller's side.

 

  1. The dual agent serves as a middle man between the seller and buyer.

Prices And Fees Involved:-

Real Estate Brokers

Hiring a real estate broker will involve consultation fees, service charges, and other types of overhead expenses according to the services you will avail of. For example, if you simply want legal services for a real estate property, you need to pay for that service only. But if you need legal assistance along with a conveyancing solicitor, the charges will increase further.

Real Estate Agents

With the real estate agents, you will have to pay only the quoted price. Usually, you can ask for a telephonic free consultation to explain what you are looking for. The agent will then give you a quoted price range including his fees, legal charges, and so on,

Final Thoughts

Now that you have a clear idea about who a real estate agent and a broker is, we are certain that you won’t repeat the same mistakes all over again. Make sure to choose the right professional as per your requirement during buying or selling a property in Chelmsford.

 

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