Karen Kemmerer
701 W. Market Street
Perkasie, PA18944
Phone: 215-453-7653 x1125
Office: 215-453-7653
Cell: 267-446-7748
Fax: 267-354-6831
email: kkemmerer@remax440.com
RE/MAX 440
Karen Kemmerer

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Real Estate Transaction Roles Explained

December 12, 2014 4:21 am

Real estate transactions are complex and, at times, confusing. Clients can better understand this course of action by knowing who they’re working with and what role those individuals play. Whether seeking to buy or sell a residential home, expect several parties to be involved in the process. Brokers, agents and attorneys are among the most common:

Depending on whichever unique business model the firm utilizes, brokers typically have the same qualifications as an agent, but their roles are to primarily supervise other agents. Commissions from sales are often paid to the brokerage, then allocated to the agent involved in the transaction.

Agents
are at the forefront of the buying and selling process. Real estate agents work directly with clients to either secure a home at their desired price point and in a coveted location, or to generate buyer interest and ultimately find a new owner for your home. An agent can represent either a buyer or a seller, and both agents frequently communicate.

Once a transaction between a buyer and a seller is under contract, a real estate attorney facilitates a smooth close. The responsibilities of an attorney vary, but some common duties include explanation of the terms of the mortgage, review of purchase agreements and investigation of the backgrounds of properties.

Source: Zillow

Published with permission from RISMedia.

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