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Who is Real
Estate Agent? |
Real Estate Agent is person who acts as a go-between for the owner and the
buyer, assisting with their negotiations to reach an agreed sale price for
the property. The real estate agent continues to follow up with the owner
until the property is legally transferred to the new owner. For these
services the real estate agent receives a payment (known as a commission)
from the owner.
In
Malaysia, Real Estate Agents are governed by The Board of Valuers,
Appraisers and Estate Agents under provision of Valuers, Appraisers and
Estate Agents Act 1981. Its primary function is to regulate the Valuers,
Appraisers and Estate Agents practicing in Malaysia.
The ?real property? could be undeveloped land sites, residential homes,
commercial or industrial buildings, units, townhouses or apartment
complexes, retail centres or vacant parcels of land. Most real estate
agents deal with residential property such as houses, home units,
townhouses and vacant land. Some firms, however, specialize in types of
real estate, which are used to generate income for investors. These
include shopping centres, hotels, motels, industrial complexes, home unit
or townhouse developments, office blocks, etc.
Real Estate Agents offer a range of services depending upon the type of
property they have been appointed to sell, lease or manage on behalf of an
owner. The agent must always consider the owner?s wishes about price,
contractual conditions and the marketing of the property. The real estate
agent, once appointed to sell a property, begins a marketing campaign to
attract potential buyers to the property. They then take prospective
buyers to view the property and supply additional information.
Real Estate Agents are also involved in the letting of property for
owners. The agent markets the property for lease and arranges for
potential tenants to view the property. The agent acts as a go-between for
the owner (landlord) and the tenant in negotiation of the rent payments
and terms of the tenancy agreement. The Real Estate Agent normally draws
up the tenancy agreement between the landlord and tenant. By agree from
landlord, the
agent could arranges repairs and maintenance for the property and finds new
tenants when necessary.
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