Traditionally, real estate brokers have performed virtually all services related to buying and selling a home, including:

  • Marketing the home.
    • Marketing services include listing the property in the local multiple listing service (MLS), placing advertisements in local media and on the Internet, and hosting open houses.
  • Reviewing contracts.
    • Contract review might include providing advice on pricing, home inspections or other contractual terms.
  • Negotiating with potential home buyers and sellers.
  • Locating potential properties for prospective buyers.
  • Arranging for prospective buyers to inspect properties.
  • Providing prospective buyers and sellers with pertinent information about a community such as relative property values, most recent selling prices, and property taxes.
  • Apprising potential buyers of financing alternatives.
  • Assisting in the formation and negotiation of offers, counter offers, and acceptances.
  • Assisting with the closing of the transaction.
    • Closing services might include assistance with handling paperwork.

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