There are many real estate agents in the world. And while they all act as brokers, some have more experience than others. It can be confusing to know what kind of agent you're working with and how to find the right one for your needs. Here are four important things to know about the difference between a real estate agent and a real estate broker.
1. A real estate agent deals with residential properties only, not commercial ones like hotels or office buildings.
2. A real estate broker is an individual who represents multiple parties in the sale of commercial property or multi-unit residential buildings, such as condominiums, apartment complexes, townhouses, etc.
3. A real estate agent can help you sell your home or find another one that suits your needs better by providing market analysis and research on comparable sales within your area and surrounding areas in order to get a better idea of what is available and what's going on in that area at this time with regard to homes being sold or purchased there currently or in recent history (provided they're still available). They may also provide information about banks' lending policies that may affect whether or not you qualify for financing before making an offer on a house.
4. A third difference is that most agents are hired by the seller to find buyers for his or her property. They do this by working with other agents, listing the property on the MLS, and contacting prospective buyers. A fourth difference is that some agents have their own websites where they advertise properties for sale.
Real estate agents provide more than just a listing service and a broker's license. Real estate agents are experts in information technology, business management and marketing. They are trained to deliver the highest quality service possible to their clients, while they also maintain an active role in their local communities.
However, it is important to note that there are some differences between real estate agents and other professionals who provide services in real estate. Here are four important things to know about the difference between a REALTOR and Real Estate Agent.
The real estate market can feel like a jungle of jargon and acronyms. But the fact is, a REALTOR is a distinct entity from a real estate agent. To become a REALTOR, whether you're new to the field or have years of experience under your belt, there are some requirements that must be met. We hope this guide has helped shed some light on why having the designation of REALTOR can be beneficial to you, your career, and ultimately your clients.
Bottom line–if you're a buyer, your interests are best served by working with a REALTOR (who stands to gain nothing from deceiving you). If you're a seller, you may be more comfortable working with a realtor who can both help you with the sale, and represent you during the buying process. Whichever option is right for you, remember that knowledge is power—the more you know about your options, the better off you'll likely be.Posted by Jag Sidhu PREC* on