Thread: What is the role of a broker in buying & selling of a house?

Hey Friends.
Can Any one brief me about the role of a broker in buying & selling a house.
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The role of a broker or brokerage is to handle and protect you from all of the pitfalls and from your states laws being broken. Last year I got my real estate license for Michigan and you would be amazed how needed a broker really is. They are worth their money ten fold in the end.

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It is ethical in the profession, I think they will have the responsibility of a broker.
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The essential purpose of a stock broker is to buy and sell stocks, and usually also bonds, futures, mutual funds and other investments, which they usually do on behalf of clients. Because of their experience and expertise, however, stock brokers may be in the position to give investment advice, and others may be given permission by their clients to act on their behalf at their own discretion.

Hi,

Brokers are professionals who play an important role in mediating between a lender and a borrower. Brokers collect personal information about the client for the lender including employment and medical history. They also provide the clients' financial and credit information to the lender.

The relationship between an investor and their broker is important. If working with a full-service broker, consider their past success and the recommendations of other clients. Be specific about goals and expectations. Many small to medium-sized investors increasingly choose to forego the cost of full-service brokerage and manage their own money in discount brokerage accounts, but this decision should be balanced by an individual's knowledge of markets and temperament in dealing with the high stress of money management.



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