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The Real Estate Broker VS Other Agents



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By : Leticia Carvalho    99 or more times read
Knowing the difference between a home broker from other agents will help many buyers and sellers who are looking to make a good property deal.

Agents

A general term for those who give real estate advice or manage transactions, usually for a commission. If a homeowner seeks advice he may want to make sure that the agent he goes to is licensed and can adequately address his concerns. One may check an agent’s name, license number and violations in most state websites.

Brokers

Middlemen who may negotiate the contracts of foreclosed homes and other property between buyers and sellers. In general, a real estate broker has formal education in real estate. They work alone or employ real estate salespersons. Qualifications for brokers may vary in each state.

Broker Associate

A real estate broker who works for a real estate company or another broker.

Real Estate Agent

Licensed salespersons who work for real estate brokers. Qualifications to be a real estate agent may differ from state to state.

Listing Agent or Seller’s Agent

When selling a foreclosed home, one can go to a listing to listing agent. They are the seller’s representatives who may be brokers or real estate agents.

Buyer’s Agent or Selling Agent

These are licensed agents who search, evaluate, and negotiate property in behalf of the buyer. An exclusive buyer’s agent only represents the buyer.

Dual Agent

When an agent acts as both seller’s and buyer’s agent, then he is a dual agent. This may happen when the seller’s agent and buyer’s agent are employed by the same home broker. This is not legal in all states though.

Transaction Agent

If dual agency is illegal, agents may choose to be a transaction agent or someone who simply facilitates the deal.

When making a transaction with an agent or a real estate broker, be sure to keep appointments and keep communication lines open. This simple tip may go a long way in securing a good property deal.
Leticia Carvalho has been educated in the finer points of the foreclosure market over 5 years.

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