The appraised value of a property is crucial for selling or refinancing and is determined by an expert appraiser who considers factors such as location, size, condition, age, and market trends. Thorough analysis and the use of different calculation methods provide an accurate valuation, which serves as a critical foundation for real estate transactions.
Dual agency occurs when one real estate agent represents both the buyer and seller in a property transaction. While this arrangement can offer some benefits, it also raises concerns about conflicts of interest and ethical considerations, making it vital for both parties to carefully assess its suitability in their specific situation.
A real estate broker is an expert who guides clients through property transactions, assisting with negotiations and ensuring compliance with laws and regulations. They play a crucial role in facilitating successful property purchases, sales, and rentals, and collaborate with other professionals such as mortgage brokers, home inspectors, and attorneys.