Brokers are basically the middlemen who assist in sale of a property. Traditionally, brokers played a crucial role in the real estate industry as they connected sellers and buyers but this came at a heavy price. They charged heavy commissions on rent and sales which amounted to thousands and lakhs.
People usually relied on brokers when they ventured into any transaction. They expected brokers to have complete knowledge of all the rules and regulations and get all the paperwork done.
But these days, when so many online real estate portals are available, brokers and brokerage policies have almost become redundant. A few reasons for this statement are:
The real estate online portals provide complete and reliable information free of charge
Online real estate websites offer sale, purchase and rental services without charging hefty brokerage or commission.
Whereas, brokers charge 2% or more of the property’s price as their commission in case of a sale.
The brokers usually do not provide the complete knowledge of the property. Sometimes they hide the flaws as their sole purpose is to sell the property anyhow.
In today’s time, when social distancing is so important, these online portals are a wiser choice and most certainly highly economical.
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Why is broker important?
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2021-04-23T16:58:59+00:00 2025-04-30T19:31:39+00:00Comment
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