Property Negotiators Flashcards
What are property negotiators?
Property negotiators specialise in transactions involving properties that are listed for the first time.
Which properties do property negotiators work with?
Commercial, industrial, and residential properties.
Where may property negotiators work from?
- Their own office
- Onsite at significant new property developments
What does the role of a property negotiator involve?
- Finding new property developers
- Marketing new properties
- Ensure that developments are in line with the buyers’ requests
- Keeping in contact with the buyers
What should a property negotiator develop when they find new property developers? Why?
Strong relationships, to demonstrate that they are the best agency to market the estate.
What does ‘off-plan’ mean?
Marketing a new property before it is complete.
Why are relationship management skills critical for a property negotiator?
Because property negotiators are involved in the property transaction for a minimum of two years.
Why do property negotiators need excellent organisation skills?
For keeping records of all the property specifications and ensuring these are delivered.
Which type of salary does a property negotiator have? Is the salary higher or lower than an estate agent? Why?
- A commission-based salary.
- It is typically higher than an estate agent’s pay to reflect the more involved nature of the position.
