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What is a real estate broker?
What's a real estate broker? What's the difference between a broker and agent? Is it better to work with a broker?
Asked By Lucretia | Reno, NV | 456 views | Terms Definitions | 1 year ago
Answer(8)
Josephine & Raj Sharma
Legacy Homes Realty
Hi Lucretia, a real estate broker is a licensed professional who acts as an intermediary between buyers and sellers of real estate properties. They are authorized to negotiate and facilitate real estate transactions on behalf of their clients.
A real estate agent is also a licensed professional who works with buyers and sellers of real estate properties. However, the key difference is that agents typically work under the supervision of a broker and do not have the same level of autonomy or authority as a broker.
Whether it is better to work with a broker or an agent depends on your individual needs and circumstances. A broker typically has more experience, knowledge, and resources compared to an agent. However, an agent may be more accessible and offer a more personal approach.
Ultimately, the most important factor is to work with a licensed and reputable professional who can effectively represent your interests and help you achieve your goals in the real estate transaction.
- 1 year ago
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Thom Lemon
AustinHomeStore.com
A real estate agent is licensed to help people buy and sell real estate, and collects a commission when a transaction is complete. An agent may represent through their sponsoring broker either a buyer or seller.
A real estate broker does the same job as an agent but is licensed to work independently and may sponsor agents. Brokers are paid by commission and also receive a percentage of the commissions of agents who they sponsor.
A REALTOR® is a member of the National Association of Realtors (NAR) and may be an agent or a broker.
Thom Lemon is a Broker in Texas and is also a REALTOR®. Thinking about buying or selling real estate in Austin, TX? Call/Text Thom at 512-346-7355 or email him at [email protected]
- 1 year ago
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Raymond Cabral
MVP Realty Associates LLC
A real estate broker is a licensed professional who acts as an intermediary between buyers and sellers of real estate. They help clients buy, sell, and rent properties and handle negotiations, contracts, and other details involved in a real estate transaction. Brokers may also manage and oversee a team of real estate agents.
- 1 year ago
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Mary Castro
EXP Realty
Hi Lucretia,
In a few words, an agent is an individual who is licensed to sell property in their state vs a broker is someone who is licensed to own their own real estate firm. Hope that helps : )
- 1 year ago
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Jermaine Parker
Coldwell Banker - Old City
Basically, In real estate... you have to be a Broker or work for a Broker to Do transactions as a Real Estate Agent. A Broker is an agent also, but he hires other agents who are typically not Brokers and take a percentage from their sales as payment for allowing them to close deals under his Brokerage name. So, in short a Broker is a Real Estate agent who has a qualified number of years experience, qualified number of sales and have taken and passed a Brokers Licensure exam.
- 1 year ago
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Glenda X Bozett
RELI
A real estate broker is a licensed professional who acts as an intermediary between buyer & sellers of real estate property . A real estate agent is also a licensed professional but works under the supervision of a broker and do not have the same level of authority a broker . Is better to work with a licensed and reputable professional who can effectively represent your interests.
- 1 year ago
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Gloria Mitchell
Wilkinson Triad Realty
A real estate broker is a professional who helps people buy and sell real property. They are licensed to negotiate deals between buyers and sellers, provide guidance and advice to their clients, and manage the complicated paperwork associated with real estate transactions.
- 1 year ago
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Jim Rossi
RE/MAX 2000
This can very from State to State but typically an agent is sponsored by a Broker(Managing Broker) which gives them the ability to perform real estate services on behalf of the Brokerage they have an Independent Contractors Agreement with. In some States Broker and agent mean the same thing and they work under a Managing Broker.
- 1 year ago
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