We at Signature Properties find it necessary to start this thread to educate the nairalanders how Real Estate Agent Works.
The scope of this t
responsibilities 3. His brief 4. What is Chains and reason for chains.
1. Who is an Estate Agent? An Agent is a person acting on behalf of the principal to carry out a contractual functions on his behalf and this principal is liable in as much the functions are carried out according to the instruction(s) of the principal.
So an estate Agent is person or co operate body carrying out the business of real estate agent, acting on the instruction of his principal/Client to look for house to let, lease or buy on his behalf and manytime conclude the transaction. However, he may act as dual agent where he act for the landlord and the tenant.
Duties of an Agent to the Landlord.
1. He/she hold the brief of the principal.
2. He let, interview, review and sometime3
4. He takecare of the of the property in making the property to be tenable at all time.
5. As the need arise he pays bills like water, cleaning, electricity etc on behalf of the tenants sometimes he settle conflicts among the tenant.
6. He serve as a medium of passing to and fro of information.
7. He initiate ejection process of bad tenants or good tenant turned bad.
8. He serves as general caretaker.
Types of Estate Agent
In every profession, we have types just as we have it in Real Estate Agent.
A. Direct Agent; a direct Agent is an agent that have the instruction/authourity of the landlord to manage the land....watch out to be continue on my way to conduct inspection.

I'm back untill the next day...Waiting for a Client to inspect an apartment in Ketu. Types of Agent Continue;
2. Indirect Agent; This is Type of Agent does not hold direct brief of the Landlord but he is acting on the information of the direct Agent or another Agent linked to the principal Agent.
What is Chain
You observe this when you are been taken from one Agent to the other untill you get to the principal Agent that hold the direct instruction of the principal. The chain may be long or short.
To understand how real estate works, you must understand that all Agents work on information given by either the principal Agent or the indirect Agent, the distance to the main source of the information determined the level of distortion on the informatiom. It is also important to understand that, many of the Agents do not border to visit the property before marketing...to be continue