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A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. In North America, some brokers and agents are members of the National Association of Realtors (NAR), the largest trade association for the industry. NAR members are obligated by a code of ethics that go above and beyond state legal requirements to work in the best interest of the client. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency, and many states require written disclosures to be signed by all parties outlining the duties and obligations.
An estate agent is a person or business that arranges the selling, renting, or management of properties and other buildings. An agent that specialises in renting is often called a letting or management agent. Estate agents are mainly engaged in the marketing of property available for sale, and a solicitor or licensed conveyancer is used to prepare the legal documents. In Scotland, however, many solicitors also act as estate agents, a practice that is rare in England and Wales.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need of real estate to be cared for and monitored, with accountability for and attention its useful life and condition considered. This is much akin to the role of management in any business.
Countrywide PLC is the United Kingdom's largest property group, including residential property surveying, a collaboration of estate agents, and corporate services. It employs circa 10,000 personnel nationwide, working across 850+ estate agency or lettings offices operating under 65+ local high street brands, supplemented by 650 mortgage consultants. Countrywide is listed on the London Stock Exchange.
Affordability of housing in the UK reflects the ability to rent or buy property. Housing tenure in the UK has the following main types: Owner-occupied; Private Rented Sector (PRS); and Social Rented Sector (SRS). The affordability of housing in the UK varies widely on a regional basis – house prices and rents will differ as a result of market factors such as the state of the local economy, transport links and the supply of housing.
Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments, it is also capital intensive and is highly cash flow dependent. If these factors are not well understood and managed by the investor, real estate becomes a risky investment.
Rightmove plc is a UK-based company that runs rightmove.co.uk, the UK's largest online real estate portal and property website. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Connells Limited, trading as Connells Group, is a British estate agency and property services company headquartered in Leighton Buzzard, and a subsidiary of Skipton Building Society. Connells Group has around 600 branches across the UK and operates under multiple brand names including: Connells, Sequence, Allen & Harris, Bagshaws Residential, Barnard Marcus, Brown & Merry, Fox & Sons, Jones & Chapman, Manners & Harrison, Roger Platt, Shipways, Swetenhams, William H Brown, Sharman Quinney, Peter Alan, Burchell Edwards, Gascoigne Halman, Hatched, Rook Matthews Sayer and Kevin Henry.
Savills plc is a global real estate services provider listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Knight Frank LLP is an estate agency, residential and commercial property consultancy founded in London by John Knight, Howard Frank and William Rutley in 1896. Knight Frank together with its New York-based affiliate Newmark Knight Frank is one of the world's largest global property consultancies.
UK Property Shop Ltd – trading as UK Property Shop – publishes an online directory of UK Estate Agents and Letting Agents known as The National Directory of Estate Agents.
Foxtons Group plc is a British estate agency company dealing with both lettings and sales. It is listed on the London Stock Exchange.
Jonathan Michael Hunt, is a British billionaire property entrepreneur. He is best known as the founder of UK estate agency Foxtons, and is more recently known as the founder of Pavilion, the business members club chain. He has developed Wilderness Reserve, an area of restored natural lakes, parkland and woods situated in Suffolk's Yox Valley.
Globrix was a UK real estate search engine that was launched in January 2008. It was launched as a joint venture with News International, publishers of The Sunday Times, The Sun, The Times, The News of the World and Thelondonpaper.
LSL Property Services is the parent company of e.surv Chartered Surveyors, Your Move and Reeds Rains, and forms the second-largest estate agent chain in the United Kingdom.
Northwood is a network of letting and estate agents with over 85 offices across the UK dealing with residential property sales and letting.
John D Wood & Co. is a UK estate agents and lettings agency, established in London in 1872.
Hamptons International is an estate agent chain that has an international network of more than 93 branches. Hamptons International was bought by Countrywide in 2010 from real estate giant Emaar Properties.
OnTheMarket.com is a British property search portal that launched in January 2015. It covers the residential property market including sales and lettings throughout the United Kingdom. It is the third biggest property portal provider in terms of traffic and competes with companies including Rightmove and Zoopla. The key proposition of the business is the creation of an agent-backed, full-scale property portal by offering a premier search experience to consumers whilst charging sustainably fair prices to agents.
Naomi Heaton is chief executive of UK real estate investment advisory London Central Portfolio Limited. Dubbed "property queen" by the London Evening Standard, Naomi set up one of the first buying agents in the UK and was a pioneer of residential property funds targeting central London's rental sector, including the UK's first sharia-compliant residential fund.
References
- ↑ Norwood, Graham (26 April 2016). "London agent claims record sale price for specialist mews property". estateagenttoday.co.uk.
- ↑ "London's Top 50 Boutique Estate Agencies". primeresi.com. January 24, 2018.
- ↑ "Taunton MP defends vote to introduce threshold for free school meals". Somerset County Gazette. February 16, 2018.
- ↑ "Company's History" . Retrieved 16 March 2018.
- ↑ "Antione Lurot achievement award".
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