![]() ![]() These agents help the buyer negotiate buying a house and preparing the purchase offer when the buyer finds his perfect home. The buyer usually works with a real estate agent and can be asked to sign an exclusive agreement (called a buyer-broker agreement), promising they will work only with that agent. The seller formally agrees to list their home for sale with a real estate agent and authorizes the agent to market their home to attract buyers and negotiate a satisfactory home sale. These tasks include coordinating property inspections, managing escrow and mortgage loans and appraisals, ensuring all documentation is submitted, keeping everyone updated on progress, meeting all necessary regulations, ensuring files are securely held, and more. They take care of the administrative side of real estate transactions from the initial contract to closing. The transaction coordinator supports the broker or agent by keeping the deal on track. Traditionally, the buyer and seller will each have their own agent to help them through the steps associated with transferring real property. On occasion, the agent can work for both the buyer and the seller during the same transaction. The real estate agent or real estate broker typically works for either the seller or buyer during real estate transactions. What Is Each Party’s Role in the Real Estate Transaction Process? The following people play a role in the successful closing of a real estate transaction: Who Are the Parties Involved in a Real Estate Transaction? But the buyer and seller must also complete their tasks on time. The real estate agents involved are primarily responsible for these tasks. Our simple yet effective system of checklists, automated deadlines and reminders ensures that you never miss critical requirements. ![]() Tracking all these tasks and documents can be tricky, which is why we created Paperless Pipeline. If you don’t then the deal could fall through. You must file the correct documents and paperwork for all these tasks at the right time. ![]()
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