In a recent agreement, the National Association of Realtors and several major real estate brokerage firms agreed to require buyers to sign a disclosure that says their agent will get paid a commission if they buy a home from one of their listings. This change is intended to counter lawsuits accusing the industry of artificially inflating homebuyers’ agent commissions.

Real estate advisors are professionals who help investors make the best decisions about their real estate investments and assets. They may have a background in real estate or other industries, including finance, accounting, law, insurance or asset management. They may also have professional designations, such as the Counselor of Real Estate (CRE) or Accredited Consultant in Real Estate (ACRE). For more https://www.pandaprohomebuyers.com/sell-house-in-foreclosure/

A real estate advisor may work for a firm that specializes in investment property or may work on a consulting basis independently. They usually charge hourly fees or on a flat fee basis for their services. Advisors often have the same education and qualifications as agents and brokers, but they focus on non-transactional aspects of real estate, such as research, analysis, planning, strategy, financing and other issues.

Whether you’re an investor looking to maximize the value of a current property, or you’re thinking about buying or selling your own home, getting expert advice can save you time and money. SmartAsset’s free tool matches you with vetted financial advisors in your area who specialize in real estate, and you can have a free introductory call with your advisor match to decide whether they’re right for you.

The cost of Realtor fees can vary widely by region. However, the benefits of working with a real estate agent are typically worth the expense. In a fast-moving market, or when your sale is complicated, the guidance of an experienced agent can help you close quickly and avoid costly mistakes.

Depending on your market, you might be able to negotiate lower real estate agent fees. In any case, it’s important to understand the commission structure and what it includes before making a decision about who to work with. It’s also a good idea to find out whether the agent you’re considering has dual agency, which means they represent both you as a buyer and the seller of your property. This arrangement is illegal in some states and can lead to conflict of interest.