
It is common to find most of the people confusing between real estate agent and a broker. In fact, most of the people think they are synonyms but this is not the truth. This piece will shed light on what each of the term mean such that at the end of this, you will have a clear understanding on what is the main difference between the two such that if you considering getting into property business, you will know whether you are diving in as a broker or as a real estate agent. Read more now.
It is good to understand the difference based on their role and to start with, get to know the tasks which a real estate agent is responsible of. One, a real estate agent markets and shows homes to the tenants, represents buyers and sellers, do price negotiation and also prospects leads. In other words, these are the guys that you always think of any time you think of buying a house because they have a direct contact with both the sellers and buyers, where they try to persuade individuals to buy a house a better price for their customers.
On the other hand, the responsibilities of the broker tend to vary wildly depending on the position that he or she takes. In fact, a broker can even open a business and employ real estate agents. Basing on this, a broker can therefore have a number of task which include hiring and training agents, managing business, reviewing contracts, resolving disputes and keeping records. These are some of the tasks that always feature in the broker’s daily chores. Still, if a broker decides to be an associate broker, he or she can have the same list of tasks just as the real estate agent. The only thing here which a broker should keep in mind while planning to be an associate broker is, associate brokers are more educated and should be more experienced that the real estate agents.
Besides, it is good to know that a broker has a bigger room for growth than a real estate agent. This is because one can decide to be an associate broker, just as said before, can decide to be a designated property broker or can as well dive into managing real estate brokers. There is still room for growth for the real estate agent because they can become loan officers, appraisers or even architects. Get to know more at https://brokerbreakup.com/what-is-the-real-difference-between-a-real-estate-agent-and-broker/
Read additional details here: https://www.huffpost.com/entry/how-searching-for-the-right-real-estate-agent-is-like-trying-to-find-your-soul-mate_n_9154936
