Anyone who has ever bought or sold a property knows how exciting and stressful the experience can be. How to make a good choice? What do I need to know? How can you ensure that you are well protected before, during and after the transaction? These are the types of questions that grip many owners or future owners. And with good reason!
Responsible for applying the Real Estate Brokerage Act, the company ensures the protection of the public by overseeing real estate and mortgage brokerage in order to reduce the risks inherent in a real estate transaction. Here are three tips to help you prepare to sell or buy a property in bishop west venice.
To make informed decisions, it is better to be well informed. The site is thus a valuable ally for anyone wishing to buy or sell a house, rent a commercial building or renew or acquire a mortgage. In a few clicks, you will find a wealth of information, in particular on the supervision of the practice of real estate and mortgage brokers and on the protections that you benefit from when you do business with a broker, but also on the certificate of location, the building inspection, remedies in the event of hidden defects, etc.
The company also produces the Buyer’s Guide and the Seller’s Guide, two checklists that can be downloaded free of charge from its site. These tools were designed so that consumers understand the various stages of buying and selling a property with a broker, such as the broker’s duties and obligations, financing, inspection, the promise to purchase or the seller’s declaration, and thus feel more confident.
In addition, the company designs and maintains some brokerage forms that only brokers can use, such as the promise to purchase, the brokerage contract to be signed with his broker or the seller’s declaration, which gives all the pedigree of the coveted property. These forms allow real estate transactions to be normalized and, consequently, to reduce their risks. They also reflect the duties of advice of the broker, who must explain to his client each of the clauses and their importance in the transaction.
Choose your broker carefully
More than 15,000 real estate and mortgage brokers practice in this country. As well say that there is a choice when looking for a professional able to guide us through the maze of buying or selling a property. But you still have to find the right broker, that is, one who will listen to us and advise us diligently and who will respect the ethical obligations he has under the Real Estate Brokerage Act.
To ensure that you are doing business with a qualified real estate or mortgage broker, check the with the Register of license holders, which allows you, among other things, to check whether the broker has a valid license and to find out what his fields are expertise based on the training he has attended (condominiums, riparian properties, etc.) and to see if his file contains disciplinary references.
71% of consumers believe they benefit, or do not know if they benefit, from the protections offered by the Real Estate Brokerage Act when doing business with assistance companies (sales without a broker) which are not supervised by the higher authority.