Summary IEB CONSUMERS ESTATE AGENTS

ROLE OF ESTATE AGENTS


Give info about:
 Schools
 Medical facilities
 Shops
 Amenities
 Crime levels
 Nature of real estate market in community

Estate agent will also:
 Advise on fair market value of the property.
 Will help buyer to find a suitable property for needs and financial
resources.
 Assist buyer with purchasing documents.
 Negotiate price of property.
 Assist buyer with home loan application.
 Disclose all facts about property, including defects.
 Ensure all money received is receipted and paid into correct
accounts.

SOCIAL MEDIA CHAGING ROLE OF ESTATE AGENTS:
- Connects people from all around the world.
- Virtual tours are now available, so buyer does not need to be taken
to house physically with estate agent.
- Potential buyers can do own research and comparisons.
- Easy to buy homes without using an estate agent.
- Estate agents can also do their own research with social media thus
saving time.
- They can advertise listings online which can increase sales.
- Bad service from estate agent can be shared quickly so they need to
provide great service.