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A real estate agency is a company that specializes in helping individuals or businesses buy, sell, or rent properties such as houses, apartments, commercial buildings, or land. Real estate agencies can also provide services related to property management, including tenant screening, rent collection, maintenance, and repairs.
Real estate agencies typically employ licensed real estate agents who work with clients to help them navigate the buying, selling, or renting process. Real estate agents can help clients determine the value of a property, negotiate with potential buyers or sellers, prepare and submit paperwork, and coordinate the closing process.
Real estate agencies may charge a commission or fee for their services, which is typically a percentage of the sale price or rental value of the property. The commission or fee can vary depending on the market, the location, and the services provided by the agency.
Some real estate agencies specialize in specific types of properties, such as luxury homes or commercial properties, while others may focus on particular geographic areas. Real estate agencies can also vary in size, from small independent firms to large national or international franchises.
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