What services do traditional, full-service brokers offer?
Traditionally, real estate brokers have performed virtually all services related to buying and selling a home, including:
- 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 including 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