States require people to take pre-licensing training from a certified institution before they can sit for the real estate licensing exam. The required number of training hours can vary significantly by jurisdiction: In Virginia, for example, real estate agents must take 60 hours of pre-licensing training, but in California they need to take 135 hours.
It’s important for consumers to understand whether a real estate agent represents the buyer, the seller, or both parties; obviously, the agent’s loyalty can greatly affect several details of the transaction, including the final price. State laws regulate whether an agent can represent both parties in a real estate transaction, technically known as “dual agency.” Agents must disclose their representation, so that buyers and sellers are aware of any conflicts of interest.
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The process of buying a home or selling a home is very complex and the help of a real estate agent will prove invaluable in the end. Real estate transactions are far more complicated than an online purchase. A lot of paperwork is involved, so when property changes hands, you must have a real estate agent by your side. And the best place to find one is by using our agent directory!