Real estate agent
The seller signs a listing agreement specifing the commission to be paid, the term of the listing, and other details of the arrangement. The realtor representing the buyer is also paid a commission as specified in the listing agreement.
The listing agent works with the seller to get the property ready to sell and to market the home with a listing in Realtor.com, advertizing, open house, and similar techniques.
When an offer is received, the realtors work with their clients to try to reach an agreement. Once a completed contract is signed, the agents then work to keep the deal together though necessary inspections, appraisal, adjustments, and approvals.
Finally at the close, the buyer brings a check, and both realtors and the seller get paid.
Related Fool Articles
Recent Mentions on Fool.com
- Car Lease: How to Get a Great Deal That Works for You
- Tax Accountant: How to Have the Best Experience With One
- 5 Smart Ways to Sell Your Home Fast
- 6 Money Lies We All Believe
- Selling Your Home? Here Are 5 Common Mistakes to Avoid
- Strike Price vs. Goal Price: How to NOT Leave Money on the Table When Negotiating