WORKING WITH A REAL ESTATE PROFESSIONAL
The international buying process involves a very important decision, but it can also be challenging and costly – especially when mistakes are made
Fortunately there’s help! Unlike many countries Real Estate professionals in the US are regulated by state governments. Each has to study and pass exams to qualify as an agent or broker. Thereafter there is a stringent continuing education program which must be followed in order to retain the license. Only licensed real estate professionals can earn money from a real estate transaction.
One of the great things about buying property in Florida, or in any other part of the USA for that matter, is that it’s simple to locate the homes you are interested in. There is no need to shop round several agents because each agent has access to all the listings on the market. All you need to do is find the right agent and provide that agent with your search criteria.
Another great thing is that agents who specialize in looking after clients from other countries is that they will have a network of ‘go to’ people who can help with such things as advice on financing, US tax, repairs or remodeling, bank account info, management, income and even furnishings.
And, of course, they are there at every step of the process to hand hold and provide advice over and above finding the right property, they will answer your questions through the whole process – right up to arranging home inspections and checking that all important settlement statement at the closing table.
Quite literally your Real Estate Agent is your on-site friend
BENEFITS OF WORKING WITH A PROFESSIONAL
Access and convenience. Real estate professionals can efficiently direct your home search
Experienced negotiations. With a great understanding of the U.S. marketplace, these professionals can potentially save you money
Legal protection. An experienced Real Estate professional deals with the same contracts and conditions on a regular basis
Truthfulness. State licensed professionals are held to a high ethical and legal standards.
HERE’S SOME TERMINOLOGY TO HELP YOU UNDERSTAND THE VARIOUS TITLES YOU MIGHT COME ACROSS
Real estate agent: Anyone who earns a real estate license can be called a real estate agent.
Real estate salesperson: This is another name for a real estate agent
Realtor: This is the official designation for a real estate agent who becomes a member of the National Association of Realtors, and upholds the standards of the association and its code of ethics.
Real estate broker: A broker is a professional who has taken education beyond the agent level as required by state laws and has passed a broker’s license exam. Brokers can work alone, or they can hire agents to work for them
Real estate associate broker: This professional has taken additional education classes and earned a broker’s license, but chooses to work under the management of a broker