Feb 12, 2021

Posted by in Business, Real Estate | Comments Off on Real Estate Agency Services – Brief Notes

Real Estate Agency Services – Brief Notes

Real estate agency services have been defined as services of a licensed real estate broker that are performed on behalf of another person or company to sell, purchase, lease or transfer of real estate. https://easyhouseremodeling.com/2013/10/know-market-five-trends-happening-real-estate/ is an excellent resource for this. The classification of such service therefore depends greatly on the type of activity performed by the agency itself. For instance, a real estate agency and, hence, a real estate agency, performs the function of an agent on behalf of the brokerage firm while a broker performs the function of an agent on behalf of a purchaser who wants to buy a house. The terms “real estate agency” and “real estate Broker” therefore do not have an identical meaning as the words “agent” and “broker”.

There are many persons who consider themselves brokers but in reality are not licensed brokers as they are only real estate agents. This is also known as an “Income Tax Broker” as the income they earn from real estate agency services is exempt from income tax. Most people who call themselves brokers actually are not licensed brokers as they are only real estate agents.

Real estate agencies offer various types of services like estate planning, property management, credit counseling, escrow, title insurance, building maintenance, contract review, estate planning, creditor relations, real estate investment, trust administration, and real estate financing. Some agencies offer specialized types of real estate agency services like foreclosure prevention, prepaid cash loans, short sales, and tax lien investments. Some provide other types of services like legal assistance, education, research, and counseling. Whatever may be your need, be sure to contact a competent and reputed agency so that you enjoy real estate agency services without hassles.