What are the duties of a real estate broker?

A real estate broker in Virginia is a professional who is licensed by the state to facilitate the buying and selling of real estate. Some of the duties of a real estate broker in Virginia include helping buyers and sellers find properties that meet their criteria, assessing market values for properties, and providing legal advice to buyers and sellers. One of the main duties of a real estate broker is to assist buyers and sellers with the buying and selling process. A broker will work with the buyer and seller, finding properties and researching market values to ensure that both parties get the best deal. The broker will also help ensure that the closing process goes smoothly, including coordinating inspections and repairs and providing paperwork for the transaction. In addition, real estate brokers often provide legal advice to buyers and sellers to ensure that they are protected and informed. They provide advice on contracts, deeds, mortgages, insurance, and more. They may also provide advice on zoning laws and other local regulations that could impact the buyer or seller. Finally, real estate brokers can also assist with leasing and renting properties. They can help tenants understand their rights and obligations under their lease agreement, help landlords screen tenants, and facilitate negotiations between the tenant and landlord. They may also provide advice on eviction procedures if necessary.

Related FAQs

How do I transfer ownership of real estate?
What is a leasehold estate?
What are the laws governing environmental issues in real estate?
What is an assignment of a deed of trust?
What is a purchase agreement?
What is a seller’s disclosure statement?
What type of deed is best for my transaction?
What are the laws governing real estate appraisals?
What is a broker-in-charge?
What are the laws governing real estate contracts?

What are the duties of a real estate broker?

Related FAQs

Related Blog Posts