Understand the role of realtors in the real estate market

It can be affirmed that the role of real estate brokerage is very important in the development of Vietnam's real estate market today. They are the bridge to meet the market supply and demand, helping the market develop more sustainably. However, a significant part of the so-called "stork" practicing with a common negative image has affected the real estate brokerage industry in general, so we need to look to understand correctly the role of the environment. real estate real estate for the current field ...

Understand the role of real estate brokers

Real estate brokers acting as intermediaries for parties to conduct transactions related to real estate have the following basic roles:

1. Collecting and providing information about real estate and information related to real estate

Information about real estate or information related to real estate is an important basis to address the needs of interested customers. In which, rights and interests of parties in real estate transactions are guaranteed. The first thing a real estate broker needs to do is to collect fully and accurately all information related to real estate. As follows:

- Information about the type of real estate and the location of the real estate

- Information on policies and planning related to real estate

- Area and scale of real estate

- Features, properties, quality and utilities of the housing

- Information on infrastructure, technical services, social infrastructure related to real estate

- Legal issues including papers, records, ownership of real estate use and other related documents (history of ownership, creation of real estate, use of real estate, ...)

- If necessary, provide limited information on ownership and use rights.

- Update information on price, rental price or real estate transfer, ...

- Other relevant information such as feng shui, design, investment consultancy, ...

For real estate brokers, their mission is to disclose all information collected fully and accurately to create trust for customers. If broker information provided is incorrect or appears fraudulent, it will be considered as a violation of law.

Specifically: A customer is in need of buying a private house, brokers will find out information and advise Mr. A about prices, suitable areas, utilities, the possibility of future price increases, architectural design. , feng shui feng shui and procedures to complete transactions, ...

3. Role as a bridge between supply and demand of real estate

Real estate brokers will have a role to collect information from the seller or capture the needs of buyers then connect supply - demand appropriately. However, it is not simply their job to help find and supply, but they are the helpers to complete the best transaction. Real estate assets have great value, so issues related to transactions and legal documents need high caution. Already relevant to the law should require at the buyer and seller a certain level of understanding.

4. The role of increasing the number of real estate transactions for the market

From the function of real estate brokerage service, we can see that real estate is the bridge between real estate supply and demand through information collected to solve real estate issues. . Thanks to brokers, supply-demand meets quickly and effectively to create favorable conditions for the real estate market to operate stably or become more vibrant.

5. Brokers open up a transparent and transparent market of real estate to help the real estate market develop stably and sustainably.

Professional brokerage activities need to have a high responsibility for what they do. Especially, professional ethics comes first. Brokerage information provided to customers must be complete, accurate, public and transparent. This contributes to the development of the real estate market in general, more stable, healthier and more efficient. When all information is made transparent, it will create a premise to help lawful transactions, avoid stagnant transactions in the market.

Therefore, the role of brokerage is extremely important for the overall development of the real estate market in the direction of sustainability and efficiency. Promote the role well in the overall development of the national economy.

6. Brokerage with the role of helping the State perfect the management activities in general and the real estate market in particular

Thanks to the activities of real estate trading companies and real estate brokers, they have contributed to improving the legal status of State management of the real estate market. Real estate brokerage is in the real estate business, this is also the place where conflicts arise and clearly reveal conflicts of interest of market participants. The legal environment is not tight and effective, the conflict will arise more intensely, resulting in the collapse of the market.