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Making Connections in the United
Kingdom
Chartered surveyor, the common name for real estate professionals in
the United Kingdom.Please keep in mind the biggest difference between the real estate systems in the United Kingdom and the United States—there’s no buyer agency system or areawide database of properties, like a Multiple Listing Service (MLS), that all U.K. brokers use to share listings. “The majority of U.K. buyers have no understanding of the U.S. system, where they can have an agent helping them with every aspect of finding a home,” . In the U.K., if you want to sell a house, agents do the same as they would in the United States,but if you want to buy, you traipse around [sales associates’] offices looking at signs in their windows, and agents in England will try to sell you only the homes their firm has for sale. Then, when you’ve found a home, you’re totally on your own in negotiating the contract and handling all the procedures of buying. Because most U.K. buyers don’t know about buyer agency or about the MLS, which eliminates the need to deal with multiple real estate companies, they may seem more likely to contact more than one brokerage. Definations; Deposit; Down payment Survey; Home Inspection Completion; Closing |
Real Estate Re-Invented
