I have observed many "To-Let" posters with phone numbers on road side walls. I just called one of them and asked about the rental houses.He said that he had many houses which are vacant for rents.He said he had single bedrooms,Double bed room and Triple Bed room flats information which are ready to lend for rents.I enquired how much he will charge for his services.I was stunned and wondered by listening the amount he uttered.He asked one month rent for providing these services.That means if we want to take a 2 Bed Room flat in prime areas which were of 8000 Rs per month rent,you have to give same amount to the broker/agent.Some brokers take 2 months,1 and half month,1 month and half months rental amount.
How do Agents Deal with Apartments:
These agents will have huge network in their local areas.They will have tie ups with watch mans of Apartments.When a flat was vacant they will provide this information to the agent/broker.Broker will pay some commission to these watch mans.If owner keeps a To let board to the gate.These watch mans removes that To let board to avoid people to know that there is vacant flat available in that Apartment.If some one comes and enquire about vacant flats they will give brokers phone number to contact.
How do Agents Deal with Individual Houses:
Here the agents/brokers will have an understanding with House owners.Agents assures immediate occupancy for their vacant houses and getting good party(Tenant) who pays huge amount of monthly rent.Some greedy owners listens to these agents and don't even display a To let board in front of their vacant house.If we enquire about any vacant portion in their house they say that there is no vacant portions.Here Agents get some commission from owners apart from Tenants payments.Here Agents are getting more amount by taking amount both from owner and tenant.
How Brokers/Rental Agents coming into Picture:
We are the reason allowing these Brokers to come into picture.These days every one want every thing to happen instantly.Instant food,Instant Services,Instant Information we are expecting every thing to happen instantly,Without putting any effort,cant we spend some time at weekends to search our convenient house?.Many friends who are coming from many other metro places are depending on these rental agents.This made Brokers to come into picture.
How can we avoid Rental Agents/Brokers while finding rental houses.
- Best way is to search to search our convenient house at weekends.
- Contact your friends and colleagues who are living in that particular area you are planning to move.They may no some vacant houses/flats for rents.
- Make maximum use of office internal sites and friend’s office sites.
- Search for "To Let" section in Classifieds of popular News Papers like Eenadu and Deccan Chronicle (Especially Sunday Editions).
- Search for Rental properties in Property Portals.
Note: Tenants are the final loosers who are being exploited by every one. We our self can bring the change,to avoid this Brokerage system. Lets make a pledge not to give Rental commissions to Agents/Brokers.Don't pay Brokerage and Don't encourage Brokerage.
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The main difference between a realtor and a real estate agent is credentials. People use the terms REALTOR® and real estate agent interchangeably, but that is incorrect. There are differences between REALTORS® and real estate agents. They are not the same. Although both are licensed to sell real estate, the basic difference between a real estate agent and a REALTOR® .As such, the main difference that you hear a lot about -- but are likely confused about -- is that a REALTOR® must subscribe to the REALTOR® Code of Ethics. But what does this mean to a consumer? A realtor has more training and experience in the real estate market than does a real estate agent. Where both a realtor and real estate agent have licenses, the realtor has gone the extra mile in obtaining a further level of expertise in their professions. Realtors® follow a code of ethics and typically receive many helpful tools from the Association including a legal hotline and official contracts to write offers. When you hire a real estate agent you are essentially hiring the brokerage. The broker is your agent and his salespersons are his agents. So when you go out looking at homes with a salesperson, you are essentially dealing with your agent’s agent. However, usually everyone down the line is a Realtor® because every agent in that company is a member of the Association of Realtors®.For more view- realtydigest.blogspot.com
Well written and very thought provoking
Thanks for the information. Is there any forum where we can post our experiences regarding the owners of the houses. I want people to be aware of owners who behave very nicely while taking huge amount of advance but changes completely when the same needs to be returned!!
Infact you are at write site/blog where you can post you comments sharing you experiences. Feel free to post your comments here.
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True,I also come across the similar agents.They were asking for 2 months rent as commission.
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