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Duties and Responsibilities of Real Estate Companies
Real estate agencies often do a lot of work behind the scenes that buyers and sellers don’t see. When you list your house, sell it, transfer it, and buy a new one, there are contracts and other paperwork that the real estate agent has to take care of.
There are a lot of responsibilities and duties required of real estate companies by federal and state law, and non-compliance can lead to fines and other more serious penalties. Your local real estate firm should have a list of these duties in a visible location for clients to see. Here are some of the duties and responsibilities of real estate companies:
Licenses
Real estate agents need to be appropriately licensed and trained to be legally recognized in the real estate industry. Not being trained and licensed can be in contravention of the laws around fair housing and environmental regulations, and can lead to the agent and the agency being fined.
Practicing as a real estate agent or joining a real estate company requires specially regulated licenses and registrations to ensure the consumer is protected. It is the duty of the real estate company to ensure all agents are appropriately trained either before being hired or before being ... more

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