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Real estate broker. A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients.
A real estate agent is anyone who has earned a real estate license. A real estate broker is an agent who has also passed their broker license exam. The primary difference between a real estate agent and broker is that a broker can own a real estate firm or hire agents to work for them.
To summarize a real estate agent vs Realtor, a real estate agent is a real estate professional with a valid license. Agents help people buy and sell both commercial and residential properties. Essentially, the difference between real estate agent and Realtor comes down to professional certifications.
They might be associates, real estate consultants, salespersons, independent brokers, or REALTORs®but they are all licensed to sell real estate. There is some nuance, though. Real estate brokers can work as agents, but agents can't work as brokers (at least not without a broker's license).
A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. A broker also refers to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
A real estate broker works to negotiate and arrange real estate transactions. This licensed individual has daily duties that include writing contracts and overseeing transactions for sales and purchasing activities on homes, land and commercial properties.
Brokers facilitate a variety of business transactions, such as real estate deals, by acting as an intermediary between the parties involved. Brokers build and maintain customer relationships, execute sales and complete administrative duties, such as document preparation, and follow-up with customers.
Professional Real Estate Broker Job Description. A real estate broker helps home buyers and sellers with property transactions and advises on issues such as price, market outlook, mortgages and other information. The position typically involves soliciting clients for renting, buying and selling homes and properties.
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