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Tips and Guides

Meet The 4 People You'll Encounter In Real Estate

If you're looking to invest in a new property, you're going to have to deal with these key people

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Original Article: Arlene Maslog Photography: Pixabay.com and Pexels.com

Whether you're a first-time homeowner or a long-time renter, it will come as no surprise that real estate is a tricky endeavor. After all, aside from having to make big decisions, you're going to come across different people who can help you with the process. While you can hope to have great chemistry with all of them, it's still best to be prepared to deal with each one should the need arise. To help you out, we've made a list of the key players and what they do: 

1. Developer

The person who develops or improves a project, be it a condominium or a subdivision. He may either be doing this for or in behalf of the property owner. In some cases, they are also in charge of buying land before renovation and selling it afterwards. 

2. Dealer

The principal person who engages in buying, selling, or at times exchanging real estate. Dealers may work on a full-time or part-time basis. Builders and contractors who flip finished houses are also considered dealers.

3. Broker 

The person who undertakes the selling or negotiating of the sale of real estate for another on commission or for some other compensation. He or she acts as a liaison between sellers and buyers of different properties and helps them negotiate money matters.

4. Salesman

The person who performs for or in behalf of the broker, any or all functions of a real estate broker. He is also a regular employee of the broker. 

Read the original article (Pine Living — "Property Players") in the March-April 2004 issue of Real Living Magazine. Download your digital copy of Real Living on the Real Living App. Log on to summitnewsstand.com.ph/real-living for more details.

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