The last few decades have witnessed a steep rise in the development and enhancement of the real estate as a profession, and today a few big companies such as cresford bring innovative timeless luxury condo projects like HALO RESIDENCES which help making vertical cities on skyscraper.
- It provides shelters to people.
- It provides people with ample of employment opportunities.
- It serves as the backbone of the economic system of the country.
Besides these points, the real estate essentially serves as the basic foundations of any country since the country’s economy is highly based on the development of the real estate. People tend to get worn out while in search for their appropriate land or property on their own. Thus, the real estate agencies help people in obtaining their dream houses by making their work of searching homes quite simpler and easier.
Thus, the job of an intermediary or a link between two different people or parties is performed by the real estate agents or workers. Here, one of the parties is the seller or trader of the property while the other is the probable buyer of the same land. Both these sellers and buyers are brought down to an agreement of making a deal, which is essentially the work of the real estate. It is their job to ensure that the sellers get the right price for their land and consequently obtain a perfect deal. For this job, the real estate workers are paid a tremendous amount of money (or brokerage) from both the parties after finalization of deal. This compensation is usually spread amongst the lot of people responsible for making the deal happen. The services given by the agents are based on many points like:
- It basically depends on the contacts of the real estate corporation. The corporations are most often started by a group of individuals who are well aware of the things in market that require attention, while they develop the business.
- Promoting their job on the basis of their clients and their supports is perhaps the most important task for getting clients interested in trading different types of land, homes, etc.
- The techniques and methods employed to handle customers and to attract more customers are unique and vary with states and countries. Thus, an agent is responsible for performing various roles. While a few agents choose to favor and help the purchasers, others choose a more balanced path and try to make a just and ideal deal.
- The agents choose to offer remarkable services to the buyers interested in properties. They often choose to go out of the way to help the sellers or buyers and represent the former in front of the latter and vice versa. It is seen that a singular real estate agent can help both the parties reach common grounds during the deal but this situation does not occur often. This service offered by associations is called a dual agency.
The combined development and growth of a country in brought about by the real estate as they are in fact, the most real and fundamental economic developers.