what does a real estate broker do

Are you interested in buying or selling real estate but are unfamiliar with what a real estate broker does?

A real estate broker oversees agents and can be a crucial part of ensuring that your real estate deal goes through without a hitch. There are more than 86,000 real estate brokerage firms in the United States. But what does a real estate broker do?

Read on to learn more about a real broker's function and how they can help you in your next real estate transaction!

Prepare Your Home For Sale

Putting your home up for sale is a process that an experienced real estate broker knows well. 

This is important because selling your home isn't just a matter of putting a "For Sale" sign out front. To receive the best value for your home, it needs to be ready before it's put on the market.

Real estate brokers will arrange for an inspection of your home to find issues that may be a cause of concern for a potential buyer.

They will then work with their agents to prepare a strategy for how to sell your property. This includes making any necessary maintenance or repairs, while also staging it in the most effective way.

Perform Market Research

The best property brokerage also requires performing extensive market research.

There were approximately 5.4 million homes sold in the United States in 2018. The sheer number of homes up for sale each day in your area can have a big impact on your selling price.

Your broker will spend time researching comparable homes or other properties in your area. This way you can be confident your you price your property to sell when it hits the market!

Negotiate Contract Terms

Brokers are also valuable in a real estate deal because they have the training to prepare and negotiate contract terms.

Real estate broker license holders are people that have passed the licensing exams needed in the state where they work. Through this exam process, a broker has learned about the laws governing real estate transactions.

A broker can work with you to identify potential problem areas in your contract for sale and propose ways to change these to work in a favorable way.

This is important because you do not want to have a contract that favors one side over another in an unfair way.

Wrapping Up: What Does a Real Estate Broker Do?

When you ask, 'What does a real estate broker do?', it's important to understand that there is a lot going on behind the scenes in a real estate transaction.

The licensing requirements and experience on the job will help a broker represent your interests in the best way. But finding the best broker isn't only a matter of seeking out someone with experience.

You need to ensure that the broker you work with makes you feel comfortable and takes a sincere interest in your transaction.

Check out our blog post to learn more about how Yuma Realty Professionals can help you sell your property today!