In Maryland there are three types of real estate agents:
Buyers Agent – represents the purchaser
Sellers Agent – represents the seller
Dual Agent – represents both purchaser and seller in the same transaction (usually the real estate broker)
Benefits of Real Estate Agents
The primary duties of an agent are as follows:
- Assist homebuyer with mortgage loan pre approval before shopping for a property.
- Assists with mortgage loan processing.
- Arrange and attend all inspections.
- Assist with contract negotiations.
- Schedules, coordinates and attends settlement.
- Remains in contact with the mortgage company on behalf of the homebuyer.
- Explains the contract of sale to the homebuyer.
- Assist with the availability and application of closing costs programs.
- Encourages a home inspection.
- Informs the home buyer of current market conditions.
- Be familiar with financing options.
- Provides payment information and closing cost fees needed before contract signing.
- Assists home buyer in choosing companies to provide services as needed to complete the transaction.
More importantly, an agent should be trustworthy, easy to contact, patient, caring and not pushy.
It’s hard to know where to start when choosing a real estate agent. Belair-Edison Neighborhoods, Inc. (BENI) wants to help take the guess work out of the process. Meet our Premier Real Estate Agents and contact them today to help you on your homeownership journey today!
