Finding An Agent
When you are looking for that new home in St. Paul, Minnesota, you want to be sure you have enough information and resources to make an informed decision. That is where a good real estate agent can help. Finding one who is knowledgeable about the St. Paul area, and the real estate market in general is important, especially if you are new to the city. Choosing an agent who will be able to meet you needs is also crucial to the home buying process, and should be done carefully. 
Functions Of An Agent
There are several considerations that should be given to this first step in what will likely be a lengthy process. The first questions you should ask yourself is what function or functions should the agent serve? Knowing this prior to conducting your search will help you make the choice more quickly, thus expediting the process in a more timely manner. The second question you should ask is what type of agent do you need?
Choosing An Agent
St. Paul, Minnesota real estate agents serve different functions depending on the specific situation. Choosing the right realtor for your specific situation is a very important decision, and should not be taken lightly. There are four main types of agents from which to choose, all of whom perform slightly different functions.
A Sellers' Agent
A Sellers' Agent, (also called a Listing Agent), is someone with whom a seller has signed a listing agreement, thereby, enabling the agent to show the house or property to potential buyers. Here, the agent is working on behalf of the seller. Commissions are paid to the agent by the seller, .
A Buyers' Agent
A Buyers' Agent is a person who has entered into a buyer agency agreement with a buyer, and is working on behalf of that person. Commissions are paid to the buyer agent's broker by the seller or the buyer. This depends on the agreement that is made during the offer to purchase.
A Dual Agent
A Dual Agent is a person representing both the buyer and seller in the same transaction. Commissions are paid to the Dual Agent's broker by the seller or the buyer. Again, this depends on what is decided in the offer to purchase.
A Real Estate Broker
A Broker is a person or firm that employees real estate agents. Each agent works on behalf of his or her clients to come up with agreements that meet the needs and specifications of all parties involved in the buying and selling process. Broker firms usually employee several realtors that are able to meet a wide variety of needs and serve many clients.
|