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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Broker-in-charge or Principal broker : These roles most closely align with designated brokers.

Agents 448
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Mortgage lenders need to lean in to consumer expectations

Housing Wire

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Phil King is vice president, principal product manager, EXOS Valuations at ServiceLink. if the option was available to them. To contact the author of this story: Phil King at Phillip.King@exostechnology.com.

Mortgages 448
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Exterior Safety Inspections

AAOA

Theres an easy way to avoid both of these problems: Inspect your faades, great or small, and everything attached to them, on a regular basis. The scheduling of inspections is generally dictated by local government and other regulatory agencies, as well as lenders.

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Fees and Costs Associated With Selling a House in 2023

HomeLight

Staging and prep costs 1%-4% Inspections and repairs varies Title, settlement, and taxes 1%-3% Seller concessions 0%-6% Get a Free Home Value Estimate Enter a few details about your home and we’ll provide you with a preliminary estimate of home value in less than two minutes. Install fresh mulch for another $1,749 boost.

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Closing Costs for Sellers: A Breakdown of How Much You’ll Pay

Redfin

However, there are some costs associated with selling your home, like repairs, staging, and pre-listing inspections, that may also need to be paid before closing. Most of the closing costs for sellers are typically deducted from the proceeds at closing, meaning you wont need to pay upfront. How much are closing costs for sellers?

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Agent, Realtor, Broker: What Do You Call a Person Who Sells Houses?

HomeLight

According to NAR, there are three types of brokers : Each real estate office has a principal/designated broker , who oversees all their licensed real estate agents, ensuring they are in compliance with local and federal laws and assuming all the liability of the real estate transactions. Coaches you through the transaction and closing.

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How Do I Sell My House? Top Methods, Main Steps, and a Checklist

HomeLight

Staging and taking photos. When you sell to an iBuyer, you skip staging and showings and will likely close faster due to the lack of lender involvement. You’ll also want to calculate your equity — the value of your home minus the total principal owed on your mortgage, if applicable. Order a home inspection. David Ernst.