Mineral Rights Buyer vs Mineral Rights Broker
Do you own mineral rights and have an interest in selling or leasing them? If so, you may want to look over our list of helpful FAQs to learn what some key terms like “mineral rights buyer” mean.
Selling or leasing mineral rights isn’t for the faint of heart or the uninformed because a lot of money might be at stake. If you’ve never traded in minerals rights, so to speak, you may want to partner with Enfield Minerals to avoid leaving bankable money on the figurative table.
Buyers
As a seasoned mineral rights broker, Enfield Minerals is distinct from a buyer. A mineral rights buyer is an entity that purchases the mineral rights that belong to another entity. Mineral rights buyers may or may not purchase the surface rights to the land for which they buy mineral rights. Even if they don’t purchase a parcel’s surface rights, mineral rights owners have the right to access the surface under which rest the resources they intend to extract.
Brokers
Mineral rights brokers operate differently than buyers do. Instead of purchasing another entity’s mineral rights, brokers represent either the seller or purchaser of those rights. Regardless of the party they represent, brokers will earn a commission off the sale they work out between the entities involved in the transaction.
When they represent a seller, mineral rights brokers have four primary responsibilities, which include:
Marketing their client’s mineral rights
Negotiating the sale of those rights, hopefully in a way the benefits their client
Reviewing all relevant legal documents
Collaborating with mineral appraisers
When they contact our mineral rights brokerage, some people ask why it’s necessary to market their mineral rights. Marketing is necessary because it creates competition among buyers, which can result in a higher sales price.
Negotiating is a must because it, too, can net more money in your pocket. Our team will review all legal papers associated with an upcoming sale to ensure there’s no small print that might negatively impact you or your surface rights. Consulting with mineral appraisers is necessary to establish the value, not necessarily the market value, of the minerals located underneath the surface of your property.
As is the case with many mineral rights brokers and some buyers, we have specific areas of interest, such as Texas, Pennsylvania, Louisiana, and Wyoming. To see if we can broker a deal for you, reach out to the mineral rights experts at Enfield Minerals today.