Real estate broker in Egypt is responsible in selling or renting commercial property to both domestic and foreign businesses. It is not an easy job, though. There are many factors which affect the decision of a broker in selling or renting commercial property, such as location, condition, demand, price and availability of properties in the area.
For-profit companies, such as hotels, office complexes, service centers and for residential purposes, are usually planned to deal with commercial property by utilizing the commercial property brokers. Commercial real estate agent may buy, lease or sell commercial property to a developer planning for the project. For example, it can be real estate brokers who sell commercial land to developers. Usually, a commercial broker in Egypt is an agent who works for both commercial and residential projects.
There are also different types of real estate brokers in Egypt, according to the type of business that they are doing. For example, they can deal with both residential and commercial properties in the country. Some of the agents in Cairo and other cities deal only with residential properties. However, there are other agents who have specialized their activity on commercial property, such as those who deal with office complexes and shopping malls. They can even provide services on commercial land, such as property inventory, property management, maintenance and contract management.
The main responsibility of a real estate broker is to find the best property in the market which can help an investor in earning profit. However, the real estate agent needs to do market research as well. He should make an effective marketing plan so that he can effectively market the property and attract buyers and investors. He should know the latest trends in property development and be aware of the legalities and financial aspects of commercial property and real estate.
A real estate agent must understand the needs of both the buyer and the seller, including the requirements of both parties. A good broker must know how to properly market the property for both the buyer and the seller, including making all necessary contracts and agreements. He must also be aware of the legal issues involved in selling or renting commercial property and must be able to deal with creditors.
A real estate broker plays an important role in the business world. The role of broker depends on the type of investment and the kind of property that a person wants to invest or rent.