How a Real Estate Company Works


Real estate is property consisting of land and structures built on it, such as homes, buildings, or mobile home parks. It also includes the natural resources on the land, such as water and crops. The value of real estate generally rises over time, enabling people to make a profit by buying and selling it. Real estate agents and brokers help clients through the real estate transaction process.

Real Estate Company

The best real estate companies in New York are those that focus on the client and provide the highest levels of service. One such firm is Compass Real Estate, which offers innovative technology to its clients. Other top NYC real estate firms include the storied Corcoran Group, founded by Barbara Corcoran in 1973. More info

A real estate company can either be a brokerage or a property management group. Property management groups buy commercial properties and turn them into apartments or townhomes. Brokerages help clients buy or sell a home, and they follow the branding of their brokerage. Brokerages typically pay commission to their agents, and their agents can also offer backend support with legal matters and technical aspects of the sales process.

The responsibilities of a real estate team vary, depending on the structure and role of the team. For example, one agent might handle buyer phone calls regarding a listing, while another agent escorts buyers on home-showing tours and hosts open houses. Roles might overlap in some teams, and new agents can benefit from working on a team as they learn the business.