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A real estate agency is a company that specialises in helping individuals or groups buy, sell, or rent real estate, such as houses, apartments, offices, or land. Real estate firms may also provide services for managing rental properties, including tenant screening, rent collection, maintenance, and repairs.
Real estate agencies frequently use licenced real estate agents to help clients through the buying, selling, or renting process. Real estate agents can assist clients in determining the value of a property in addition to assisting clients in negotiating with potential buyers or sellers, preparing and submitting paperwork, and organising the closing process.
Real estate agencies may charge a commission or fee for their services, which is frequently a percentage of the sale price or rental value of the property.
Real estate companies may concentrate on specific geographic areas or types of properties, such as commercial real estate or luxury homes. Real estate agents can range in size from small, local businesses to sizable, international franchises.
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