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A good real estate agent often has excellent problem-solving skills, honesty and integrity, and an avid interest in houses or architecture. They will also be entrepreneurially motivated, pay attention to detail, have vast knowledge about the housing market and have an engaging personality.

Estate brokers that charge less than 1% should raise suspicion, as there is frequently a good rationale for their low prices. Estate brokers only sell roughly 50% of the houses on their books, so you should never pick any sale or any fee. Instead, don't gamble with such a sizable investment.

The average real estate commission is between 4 - 6% of the selling price of the property. The brokerage and the salesperson's agent both receive a portion of this sum.

While it’s possible to sell your house without an agent, it’s not advisable. A real estate agent will save you a great deal in overall costs and time, and you’ll have more peace of mind during the whole process.

An estate agent can advise you to anticipate staying in a property for at least five years before selling it in order to recover closing expenses, real estate agency commissions, and mortgage interest.

According to the 50% rule in real estate, buyers should anticipate that a property's operational costs would represent nearly half of its total revenue. Although it's not usually accurate, this is useful for evaluating the possible cash flow from a rental property.

A real estate agent is a licenced individual who works under the supervision of a real estate broker. A real estate broker has a higher level of education, certification, and experience and has the authority to handle real estate transactions independently.

It usually takes between 6 - 12 weeks to sell a house, depending on market conditions. The process can take longer if the house is priced too high and the market is slow.

Yes, real estate agents are required to have a licence in order to provide their services legally. Each state has their own requirements for licencing, but most require a certain number of hours of education and a final exam.