Q: Which other parties should I know about as an agent?

1. Solicitors

Solicitors prepare the sales, assignment, and mortgage documents for property transactions. Estate agents often need to coordinate with solicitors and advise clients to seek their legal advice.

2. Banks

Most buyers need a mortgage to purchase a property. Banks provide these loans. Estate agents help clients find mortgage options and introduce them to banks.

3. Developers

Before the late 1990s financial crisis, developers often sold their own properties. After the crisis, they started hiring estate agents to sell unfinished units, paying them commissions. This makes developers key clients for estate agents.

4. Building and Construction Sector

Builders construct properties, and estate agents sell them. Both depend on a healthy property market, making their relationship interdependent.

5. Property Management Sector

Building managers provide information on unpaid management fees, renovation costs, building orders, and more. Good property management increases property value, so it's important for buyers. This makes property management relevant to estate agents.