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.