Although there has been partly release of regulations during the recent years, in the business of real estate agency presently and traditionally this business is regarded as only an activity of marking contracts and agenting.
With the coming do "info...
Although there has been partly release of regulations during the recent years, in the business of real estate agency presently and traditionally this business is regarded as only an activity of marking contracts and agenting.
With the coming do "information society" period, every parts in the society meet with trememdous changes. Also, real estate agency meet with technique changes in agenting, for example, the usage of the internet.
The traditional way tat a agent approaches a buyer with a list of titles and complete a contract in the real estate market turn out to be no more effective in the present. An independent contractor relationship by the usage of internet without violating regulations of the real estate agency among the demanders has increased so that real estate agency cannot help searching alternatives on the condition of limited capital power in the estate market.
One of the alternatives is that agents can make a business of total service ,for example making the internet dealing system, in a individual way or in a cooperative way. In such a way to make relevance with the internet system, real estate agency will be able to maintain his business and make profits. Accordingly in this study, I study the usage of the internet that real estate agency can make
Secondly, I studied the special agency according to the kinds of real estate. Agents can deal with houses, a land for facilities and so on. Agent should be out of this mixed pattern of dealing : "Department Store Way". Agent cannot survive in the competition and maintain their business without selecting a specular part, making a special list of real estate and aggregating special knowledges and know how. Of course, in the traditional way agents can hardly deal with a certain list of real estate especially at fist on the count of poor financing. But with endurance and willingness, agents have to make a certain specialization of agency. in the search of a way to specialize their own agency in the real estate market, we can think that one would gain a big size office and in this office he or she make his own agency business as a special one. But presently in korea, there is no merit of which the regulation of the real estate agency ensure. And the founder and operator of a big size real estate agency would gain nothing but risk.
Finally I researched the amendment of agency institution. There is a certain limit on the agency business. A agent cannot make a improvement only with his own ability of management. Without logical amendment of agency institution, including the regulation of the real estate agency, we cannot expect that the agency would be developed and be specialized. The problem of agency fee has been discussed until now. In the capital system country, the real estate agency is one of many economic relationships by individuals. Without financial consideration, governmental regulation on the ratio of fee to the price of a real estate cannot be accepted even in a developed country and comprehensive.
Of course, these amendments of agency institution would not required simply because of the need of agents for the rationalization and developed of the real estate agency. So, resonable requirement that the committee of real estate agency make should be accepted by the government and the congress.