Real Estate Consultant
Want to understand exactly what is a real estate consultant?
Well, it’s hard to define a real estate consultant by its duties, because it’s very similar to that of a real estate agent. What really defines a real estate consultant and sets it apart from a real estate agent is the fact that the former can charge you for his time and expertise and through a commission, while the latter will generally only charge for the potential sale through commission.
Real Estate Consultants are professionals responsible for providing data, analysis, and advice for homebuyers, real estate companies and professionals via research aligned with their extensive experience in the housing industry. And they make themselves necessary for better understanding the market, whether you are a company in need of an unbiased point of view, or a homebuyer who’s wondering if a house should be put for sale or renovated, for instance. In both examples, notice how a real estate agent would not fit, as there could be no sale at all for him/her to profit a commission from. A real estate consultant has only one horse in the race: presenting a good research/analysis/advice for you. His/Her money is guaranteed independently from the amount of the sale or from the occurrence of a sale at all.
It’s hard to quantify all the knowledge required by a real estate consultant. A knowledge threshold is more likely to be estimated: real estate consultants should have experience and applicable and theoretical knowledge of how things generally work in the real estate industry in all levels. The more or less above this threshold, the more complete or incomplete that professional is.
Real Estate Tips:
Search through The OFFICIAL Real Estate Agent Directory®; you might find several Real Estate Consultants there!
Popular Real Estate Terms
Actual notice to one or more individuals to cease and desist from performing a particular action. For example, a homeowner begins constructing several new rooms onto an existing house ...
Method of finishing edges of walls, window jams, doors, or projections with decorative strips of wood to give a better appearance as well as providing protection from jagged edges and ...
To confirm, ratify, verify, and accept a transaction that can be canceled. ...
The definition of net sales price in real estate is the combined total cost to the buyer of a listing, excluding any auxiliary costs such as the sales fee, appraisal fee, real estate agent ...
The most common definition of economies of scale refers to the decrease in production costs of a single item due to a business enterprise’s expansion. In short, mass production can ...
That which remains. As applied to real estate, it is the profit derived from rentals after subtracting all operating costs from the gross rental revenue. ...
The definition of a master planned community in real estate is a community planned from the ground up with the purpose of being as convenient, aesthetically appealing and luxurious as ...
Incontrovertible reality forcing a judge in a trial to find evidence to the contrary unsupportable. ...
Cash payment to a lender so as to lower the interest rate on a loan a borrower must incur. The lower rate may apply for all or a part of the loan term. ...
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