Whats a Real Estate Brokerage?
Needles in a haystack are hard to find, especially if those needles are homes for sale and the haystacks are neighborhoods. That’s where a real estate brokerage can come in handy. • If you’re in the market for a home, a real estate broker can show you properties that meet your space and design needs and budget. • If you’re selling a home, a broker can give you an estimated sale price, offer advice on fixing up your property to attract buyers, create ads and list your home on databases, promote the home to potential buyers, and offer you advice to close a deal. Though brokerages work with both homebuyers and sellers, in truth most represent sellers, who pay a 6% commission on their home’s sale price. A smaller number of brokerages represent buyers, who in turn owe them a commission. There also are discount brokers who accept a flat fee or a commission lower than 6% simply to place your house on a multiple listing service (MLS) and negotiate with a buyer. However, you’ll have to prepare
