What Is The Real Purpose Of The Real Estate Agency?

[Dealbert]

What is the real purpose of real estate agencies? In what way these agnecies work as a medium between a tenant & the property owner? Why do people deal with agencies while they could just rent their own homes by themselves? Do these agencies take a percentage from the rental after getting control over the property?

[claudius]

sounds like you are asking about a rental agency, rather than a selling agency. the main reason people use rental agencies is that when they use a rental agency, their whole involvement in the process is reduced to approving the tenant, and depositing the checks. My mother-in-law moved to Oregon, from Montana, and rather than sell her home in Montana immediately, she hired an agency to handle the rental. she gets a check once a month, and if there is a problem, the agency takes care of it. I, on the other hand, when I was renting my house out, didn't use an agency(and didn't select my renters well, but that's a complicated story) so there were several times I had to take a day off work, to repair something that was broken at the house.

[Noel]

TheLightWorks said: 3 sounds like you are asking about a rental agency, rather than a selling agency. the main reason people use rental agencies is that when they use a rental agency, their whole involvement in the process is reduced to approving the tenant, and depositing the checks. My mother-in-law moved to Oregon, from Montana, and rather than sell her home in Montana immediately, she hired an agency to handle the rental. she gets a check once a month, and if there is a problem, the agency takes care of it. I, on the other hand, when I was renting my house out, didn't use an agency(and didn't select my renters well, but that's a complicated story) so there were several times I had to take a day off work, to repair something that was broken at the house. 50 months ago

[Risley]

One is to handle operation of a property that one owns and rents. Another is to find buyers for a property that one wishes to sell. One can do either of those oneself, but most people either don't want the hassle or don't want to learn how to. The fact is that finding a buyer can be very difficult(gentleman up the street from here has a very nice house that has been for sale for the past 2-3 years.) And, yes, in bother cases, the agency gets a piece of the action, a percentage of the money paid. danielpauldavis 50 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.