Denver Real Estate Broker Duties, Home Purchase

What is the job of a real estate broker and what makes a good broker? These are two very good questions if you are considering hiring a real estate professional to help with the purchase of real estate.

There are four categories of skills that need to be managed by a competent real estate broker. These categories include; Guidance, Responsive, Accounting and Loyalty.

Guidance is an important attribute to a smooth and successful real estate transaction. Some of the areas of broker guidance center around the following:

  • Frame the property search around what’s most important to you
  • Recommend lenders for pre-approval that help determine an affordable price, strengthen your offer and lead to a faster closing
  • Search the MLS and network with other brokers daily to find new properties that match your criteria
  • Preview properties, schedule and accompany you to showings
  • Analyze comparable property values and advise you on current market conditions
  • Structure and prepare your offer, review disclosures and laws and deliver the contract
  • Negotiate skillfully on your behalf and promote clear and frequent communication among all parties
  • Review title commitment, recommend home inspectors, facilitate lender approval, insurance coverage, and recommend attorneys or tax professionals as needed
  • Accompany you on final walk-through

Responsiveness is the next area of management and includes:

  • Acting in good faith at all times
  • Adhering to your instructions
  • Returning all calls and emails promptly, keeping you informed
  • Closely tracking dates and deadlines

Accounting for money and information is extremely important.

  • Receive, deliver and monitor all earnest money deposits
  • Receive and deliver all documents in a timely manner
  • Review final settlement statements to ensure accuracy

Loyalty is the final attribute of a competent real estate professional.

  • Place your interests above all others
  • Keep your personal information strictly confidential
  • Ensure that all parties to the transaction are fully informed about any material facts that may affect the transaction

Your real estate broker has a fiduciary responsibility to you at all times and should service your specific real estate needs with good faith and professionalism at all times.

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