Lots of people have a real estate venture that they would like to pursue. Whether it be the sale or the purchase of a property, many people decide to recruit a real estate broker to help with their research.
However, others remain hesitant to trust these experts because they do not really understand their role. This is a shame as they can be vital to leading a real estate project to success.
To equip you with more knowledge in the property world and help you achieve your project, our realtors in Joliette will explain what exactly their job is.
Real estate broker: definition
A real estate broker is a professional who specializes in facilitating real estate transactions between buyers and sellers. Their role goes far beyond simply showing houses or apartments. In fact, real estate brokers act as qualified intermediaries with a thorough knowledge of the local market, real estate trends, and current laws and regulations.
Their expertise includes pricing properties, negotiating contracts, and managing the complex paperwork involved in real estate transactions. As counselors, they also provide sound advice to buyers and sellers to help them make informed decisions.
What truly sets a good real estate agent apart is their ability to understand each client’s unique needs and guide them through the process with professionalism, transparency, and integrity.
The real estate broker must be licensed
In Quebec, real estate agents are regulated by the OACIQ. The mission of the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) is to protect the public by supervising the practice of real estate brokerage and ensuring the competence and integrity of brokers.
Real estate brokerage licenses must be renewed annually. In addition to holding a license, real estate brokers must comply with the OACIQ’s Code of Ethics. These rules are designed to protect the public and ensure quality service.
Here are some examples of the ethical rules that real estate brokers must respect:
- Act with integrity and competence.
- Protect the interests of their clients.
- Provide accurate and complete information to clients.
- Not make false statements.
- Not engage in unfair competition.
Skills of a realtor
The expertise of a real estate broker is vast and extensive. They have a wealth of knowledge about the real estate market, as well as superb interpersonal, legal and judicial skills.
Here are many tasks where a real estate broker’s knowledge and expertise can come in particularly useful:
- Suggesting the best properties for sale in your region and finding you good investment opportunities
- Validating information about a property (area, standards, date of renovations, etc.)
- Finding out about current municipal taxes
- Ensuring that there are no hidden defects in a property
- Helping you to prepare all the documents required for the sale of a property
- Providing you with the various legal documents and ensuring that they are properly completed and reflect your wishes
- Advise you on the negotiation of a property (counter-proposal, price revision, etc.)
- Examining a purchase offer received
- Helping you estimate the market value of your property
The above are the principle tasks of a real estate broker. However, it is not an exhaustive list as a real estate broker’s expertise can extend to many other situations!
The realtor’s role is to accompany you in your real estate project
Helping and accompanying you in your project is the first mission of a real estate agent. Whether you’re buying or selling a property, the broker’s role is to put his experience and expertise at your service.
In particular, the real estate broker will inform you about properties for sale in the area and suggest the ones that best suit your needs. All according to your budget, your needs and your profile. Because, yes, the realtor’s role is also to know YOU perfectly, so that he can help you and offer you coherent solutions.
If you’re a seller, the broker’s advice will help you increase the value of your house, making it easier for you to sell.
The realtor’s role is to inform you and prevent others from ripping you off
The real estate market is still a market, and everyone wants to make the most of it. But the intervention of a broker helps to rebalance the forces because he or she knows the true market value of a property.
As trusted professionals, real estate agents are committed to protecting you from any attempts at fraud or manipulation by other market participants. Their goal is to ensure that you don’t fall victim to unpleasant surprises or dubious transactions. They can help you by asking the right questions when you visit a house.
The realtor’s role is to make your life easier
The real estate broker also plays the role of facilitator and representative in your project. For example, he’s the one who takes care of the administrative formalities, which are often tedious and complex for many players. The stress of buying real estate often causes buyers or sellers to lose their nerve.
For example, if you’re selling a house after a death and you find yourself as the executor of the estate, this role will entail a great deal of management and responsibility that you may not want to take on in the first place. The broker’s role is to assist you, take the pressure off you, and even listen to you. That’s the philosophy of Guillaume Tremblay’s team. Organizing visits and negotiations, providing administrative assistance, and analyzing your exact needs are just some of the tasks he will take care of in order to relieve you of additional stress.
The realtor’s role is to remain transparent and act in your interest
Finally, the role of the realtor also means loyalty. This is a legal obligation that they must adhere to. For instance, due to a duty of disclosure, the real estate broker must encourage you to do a pre-purchase home inspection before buying it. If the broker does not present you with a property that seems to correspond to your needs, they must explain why.
Remaining transparent throughout, the real estate broker must inform you of any situation that causes a conflict of interests for them. In other words, if a situation presents an advantage to the broker, they must inform you.
Essentially, the real estate broker also plays the role of an ally, staying loyal and transparent. Their actions must always be in your best interests and in compliance with the law and all other parties involved.
In need of an expert real estate broker? Contact Courtier Immobilier Lanaudière!
If a real estate broker’s commission may seem high, you’ll have understood that we’re not talking about one role for real estate brokers, but rather many.. Their expertise and experience make them an important person to have onboard when carrying out your real estate project. Since they have the duty to be loyal and transparent with you, they are also your ally and must inform you of everything regarding you and your project.
Working with a real estate broker is more than simply a professional relationship. It is also a personal, human relationship since the success of your real estate project is as important to them as it is to you!
If you want to invest in a property within the Lanaudière region and you’re in need of a real estate broker, consider contacting Courtier Immobilier Lanaudière! Guillaume Tremblay and his team of REMAX brokers will be happy to take charge of your case and help you carry out your real estate project, whether it be a property sale or a purchase!
