The real estate market has now become extremely organised with the presence of licensed real estate agents, real estate consultants and corporate type of offices where these agents and consultants do their business.
The people who deal in sale and purchase of industrial, commercial and residential properties and also rent and lease businesses are broadly categorised under the real estate dealers or brokers or real estate agents. A service that used to be once a bastion of the strong and mighty and those who used to have real muscle power – for the risks involved – has come to be a gentleman’s business of modern times.
Today, the real estate agent works as a help to a prospective buyer or a seller depending upon which side he is on. In case of a seller, the real estate broker works towards getting the highest possible rate for the property and on the best terms while when working for a prospective buyer, the efforts are to get the cheapest deal with the best of terms and conditions.
Meanwhile, a real estate consultant, who is a comparatively newer operator in the real estate market, limits his/her work to providing details and requirement-based analysis about the right places to invest or make deals after a thorough investigation about the property.
In such a case, even the rates of a consultant are pre-decided with respect to the kind and details of the services he is expected to provide which may include, showing the property with a detailed assessment of the value of the property, its mortgage options, providing renovation and restructuring contractors and many such services. The consultants, though a new face in the real estate markets, are making their presence felt due to people seeking their help for the detailed services they provide.
Licensed real estate agents are certified persons by either a state or a local administration to practice as real estate agents or brokers. Such people usually get the certification after gaining some real expertise in the real estate field and thus are considered eligible to assist others in the sale and purchase of properties.
The real estate companies deal with major property deals that include industrial, commercial and residential property transactions at a considerably big stage. For example they provide various kinds of services in this regard and prefer to deal with people who wish to be part of considerably big real estate projects like building apartments, dealing in big land acquisitions and sales and such kinds.
Meanwhile, the small real estate agents who usually function individually also provide details on the sale and purchase of property but at a smaller scale. In fact, they usually come into picture when there is a sale or purchase of a few apartment/plots in different societies etc. Meanwhile, these brokers or dealers are more visible in rental/lease market where the requirement is to strike a deal between individuals with regard to small and a fewer number of spaces.
The small real estate agents are becoming very much visible these days in most of the big cities across the world, where there is heavy movement of people with regard to work and then find an accommodation there.