Generally speaking, commercial and residential real estate is our job. In previous posts, we talked about real estate salespersons and brokers. In this post, we would like to explain What Is A Brokerage? We are working with both categories of buyers and sellers. This is the reason that we are doing our best to have win-win transactions.
A brokerage company primarily acts as a middleman to connect buyers and sellers to facilitate a transaction. The real estate industry also functions using a brokerage company format, as it is customary for real estate brokers to collaborate, with each company representing one party of the transaction to make a sale. In this case, both brokerage companies divide the commission. In addition, each salesperson or broker should be working under name of one brokerage. As a result, buyers don’t always know who the sellers are and which is offering the best price. Likewise, sellers are in the same position. Brokerage companies exist to help their clients match the other side of a trade, bringing together buyers and sellers at the best price possible for each, and extracting a commission for their services.
In addition, we made a team of experienced agents in both categories, residential and commercial. Our brokerage is Century 21 Heritage Group Ltd. There are many explanations for these companies. Additionally, we will explain more about each part, such as the trust account. In this way, buyers and sellers can understand the process of buying or selling. Please reply, if you need our help!
BABAK MEHRABI, Real Estate Salesperson