Popular Estate Agencies
- Realogy: One of the largest real estate holding companies in the US, Realogy operates several well-known brands including Century 21, Coldwell Banker, and Sotheby’s International Realty.
- Keller Williams: A franchise-based company with over 180,000 agents across the US, Keller Williams is known for its extensive training and education programs for agents.
- Redfin: A technology-focused brokerage, Redfin uses data and digital tools to help buyers and sellers navigate the real estate market.
- Re/Max: A franchise-based company with a global network of agents, Re/Max is known for its strong marketing and support for agents.
- Compass: A full-service brokerage with a technology-forward approach, Compass has quickly grown in popularity in recent years.
Qualifications and/or Licenses for Estate Agents in the United States
In the United States, each state has its own regulations for becoming a licensed real estate agent. Typically, this involves completing a certain number of real estate education classes, passing a licensing exam, and undergoing background checks. Agents are also required to renew their license on a regular basis and complete continuing education courses.
Breakdown of Estate Agent Fees
in the United States
In the United States, estate agent fees are typically paid by the seller. The commission is typically a percentage of the sale price of the property and is split between the listing agent and the buyer’s agent. The commission rate can vary, but it is typically around 5-6% of the sale price, with half going to the listing agent and half going to the buyer’s agent.
Other Resources for Property for Sale in the United States
- Zillow: One of the most popular online real estate marketplaces, Zillow allows users to search for properties and get a sense of home values in a particular area.
- Realtor.com: A website operated by the National Association of Realtors, Realtor.com is another popular destination for searching for properties.
- Redfin: as mentioned before, Redfin is a technology-focused brokerage, also offer a property search platform.
- Homes.com: A website that offers a wide range of resources for buyers and sellers, including a property search tool and information on local real estate markets.
Use of a Buyer’s Agent in the United States
The use of a buyer’s agent is common in the United States. A buyer’s agent is a licensed real estate agent who represents the interests of the buyer in a real estate transaction. They typically work on a commission basis, with the commission being paid by the seller.
Organizations for Foreign Property Buyers in the United States
- National Association of Realtors: A professional association for real estate agents and brokers in the United States, the National Association of Realtors offers resources and information for foreign buyers.
- National Association of Exclusive Buyer Agents: This is a professional association of real estate agents who specialize in representing buyers.
- American Society of International Law: An organization of international legal professionals, including lawyers, judges, and academics, the American Society of International Law offers resources and information on international property transactions.