Is the broker a necessity or an extra link in the transaction process?

Every year the number of real estate transactions is growing, especially in large cities. Someone needs to rent / rent a house, someone plans to buy or sell real estate profitably. Each of these processes requires a competent approach and comprehensive knowledge of the nuances of a procedure, and this applies to representatives of both sides of the transaction. Before agreeing on the details, you need to find the second party (seller, landlord, buyer, etc.). Independently to cope with this task under force far not to everyone, and it is scary, after all so many swindlers today try to make profit on operations with the real estate of "easy" money.

The broker comes to the rescue in this situation. It is a person who will become an intermediary between the parties in the matter of exchanging, renting or buying and selling real estate. As a rule, he has professional knowledge in this field, has extensive experience in carrying out a variety of transactions (both in terms of features and complexity) and the connections that have been established. It is thanks to the fact that the broker is a person who maintains continuous contacts with sellers and buyers of real estate of different categories and is well-versed in this market, he will quickly find the most suitable option according to your requests and financial possibilities.

What are the advantages of including a third participant in the transaction? After all, it has its own interest (in monetary terms), which will eventually increase the cost of real estate transactions for both parties. In fact, the first reason is that it is the apartment broker that makes the transaction possible (that is, reduces the buyer and the seller, the landlord and the tenant). The second reason is that the goal of his work is a result that will be beneficial to each of the parties (that is, the broker helps to agree on the terms of the transaction). Third, as a rule, the conclusion of a contract with the participation of an intermediary is more secure, that is, each participant is insured against losing his money. Agree, these reasons are worth paying for them.

What the broker receives is a commission (usually charged on two sides, less often on one). And if this person is really a professional of his business, with rich experience and established connections, he earns on such deals very well. By the way, as a broker can act and a real estate agency (which is a realtor). Contacting the office or private person is a personal choice of each, in both cases there are pros and cons (which, however, depend on specific firms and specific brokers).

What other objects does the broker work with? Houses and apartments are not the only items of transactions in which an intermediary participates. It can be a link between two owners (present and future) of anything. Surely everyone knows (at least for foreign films) stockbrokers, who manage the quotations of exchange rates and securities. Here they register the oral consent of the brokers of the seller and the buyer for the transaction.

There are brokers and in insurance, where they become intermediaries between the insurer and the insured. They can be insurance agents. A merchant is a person who helps to sell / buy any goods or services. In each of these cases, the result of the mediator's work is the conclusion of the most beneficial agreement (deal) for all, and for him the receipt of a worthy reward.