Farmland is a niche real estate market that deals with the purchase and sale of cultivable land. This niche requires real estate agents to have very specialized knowledge about the land and agriculture industry. Real estate agents or brokers specializing in livestock should be knowledgeable in the following areas: Urban, county and state regulations of agriculture. Agents should be familiar with P & amp; L for farms. Farmland can be very large: some agricultural land more than 100 hectares.
The agent should be familiar with farms and crop farms to determine the value of the property market.
The value of the property is determined by the expected return on investment from the agricultural business. Agricultural machinery is often included as part of transactions. In many cases, farm machinery is worth more than $ 1 million.
Agricultural transactions are very complicated. There are several lenders available to finance the farm.
A seller or state broker license is required to represent the seller or buyer.
A real estate seller or broker should have at least 5 years experience working with experienced agricultural brokers before asking for their own farm clients.
Video Farm land (real estate niche)
References
Source of the article : Wikipedia
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