The service of a real estate agent will be dependent upon the type of agency appointment.
The types of agency appointment are;
- Acting on behalf of a seller
- Acting on behalf of a buyer
- Acting on behalf of an owner
The services of an agent acting on behalf of a seller may include:
- Inspecting the property.
- Providing a market appraisal.
- Researching comparative sales evidence.
- Research the Certificate of Title and any documents relating to encumbrances.
- Provision of a marketing plan that would consider the price, the most suitable type of promotion and the attributes of the property.
- Recommend ways to optimise the appeal of the property.
- Recommend the most appropriate types of advertising.
- Determine and research any existing tenancy arrangements.
- Target buyers and how to reach that target market.
- Negotiate the purchase price and conditions of sale.