A real estate brokerage is a company that is used to find potential buyers and sellers in the area of real estate.
When a real estate brokerage is employed, a broker is sent out to meet with the person employing them. In the case of a seller, the real estate broker will take a look at the property and assess the value. They will also look at the details of the property and take note of all of the imperfections of which individuals should be aware. Furthermore, they will help to market the real estate in order to draw in potential buyers.
In regards to being employed by a potential buyer, the real estate brokerage sends out a broker to help gain information about the type of housing in which the individual or family wants to move. This may include the style of housing, the size of the housing, and the desired location. The broker can then help find them the best alternatives that fit the housing they desire. From there, if a house is found, the real estate broker can help to facilitate the terms of agreement and the price of the house in order to give the buyer the best possible price while securing an adequate sum for the seller.