Author: Tired Dad Of Four
Broker, Agent, Realtor, what is the difference? You often times will hear people talk about a Realtor, Agent and Broker interchangeably. However if you used the same generalization in the medical field, you would be asking your nurse to conduct brain surgery, your Doctor to apply a Band-Aid and your nursing assistant to give you medicine.
Now it is not necessarily the case that if an Agent, Realtor or Broker makes a mistake, it can mean your life. Though, it can mean your financial wellness. Purchasing or selling a home is considered one of the largest and most significant purchases a person will ever make.
It is best to start with the explanation of what a real estate Agent is and what qualifications they have. A real estate agent is licensed in the state they are located in to lease, sell or manage real estate. The state that the real estate Agent works in has a real estate commission that watches over what happens with the work that is completed with the Agents.
A Broker is the person that a real estate Agent works for. An agent needs a Broker to sponsor them, in order for them to be able to work. A Broker usually has to be an Agent for a certain time frame, take an exam and meet additional educational requirements. An often time a Broker opens their own business and sponsors other Agents to work for them.
The best way to explain a Realtor is that they are licensed to sell real estate. Realtors have a significant difference from the real estate Agent. They have subscribed to follow a set code of ethics. They have specific rights through organizations to use tools like the MLS or Multiple Listing Service. A good way to find out if a professional is a Realtor is to check the local Association of Realtors.
So depending on whether you will needs some stitches, or just a Band-Aid, you will want to find the right professional to complete the job. A Realtor and Broker tend to have more experience than an Agent. Anyone can be an Agent. Not that an Agent would not do a great job. Though, they may not have the same connections and experience that you would receive from a professional with a longer history in the areas of real estate that you might need.
How do you find out if a person is a Realtor, Agent or Broker, and if they can meet your needs and expectations?
Well depending on what level of professional you are looking for will make a bit of difference in your search. The best way to start this process is going to be, knowing what you want.
Next, you will want to make a list of several names that you can choose from. You can find names for these professionals through friends and family, the Internet, or by driving around and getting names off of the signs in the area you want to purchase in.
Then you will want to interview at least three of these from the names that you have chosen. When choosing the ones you want to interview, it is a good idea to choose ones that have worked in the area you are going to be completing the real estate transaction.
During the interview process, it is a good idea to ask a few important questions.
- How much experience does this professional have in the area you will be completing the transactions in?
- Are they a Realtor, Broker, or Agent?
- What tools will they be using to help you meet the needs and expectations you have?
- What are their fees, and are they negotiable.
After you have interviewed these professionals, you will want to choose the one that will be able to support you in your real estate transactions.
Now that you know the difference and how to find out about the professional you will want to hire, you are ready to start your real estate transaction process.
Chuck Lunsford is the content for Tina Abraham, a well-known Wilmington North Carolina realtor. To learn more about how Tina can help you sell your house or buy the Wilmington NC real estate of your dreams click here or call us at (910) 790-7484.
Now it is not necessarily the case that if an Agent, Realtor or Broker makes a mistake, it can mean your life. Though, it can mean your financial wellness. Purchasing or selling a home is considered one of the largest and most significant purchases a person will ever make.
It is best to start with the explanation of what a real estate Agent is and what qualifications they have. A real estate agent is licensed in the state they are located in to lease, sell or manage real estate. The state that the real estate Agent works in has a real estate commission that watches over what happens with the work that is completed with the Agents.
A Broker is the person that a real estate Agent works for. An agent needs a Broker to sponsor them, in order for them to be able to work. A Broker usually has to be an Agent for a certain time frame, take an exam and meet additional educational requirements. An often time a Broker opens their own business and sponsors other Agents to work for them.
The best way to explain a Realtor is that they are licensed to sell real estate. Realtors have a significant difference from the real estate Agent. They have subscribed to follow a set code of ethics. They have specific rights through organizations to use tools like the MLS or Multiple Listing Service. A good way to find out if a professional is a Realtor is to check the local Association of Realtors.
So depending on whether you will needs some stitches, or just a Band-Aid, you will want to find the right professional to complete the job. A Realtor and Broker tend to have more experience than an Agent. Anyone can be an Agent. Not that an Agent would not do a great job. Though, they may not have the same connections and experience that you would receive from a professional with a longer history in the areas of real estate that you might need.
How do you find out if a person is a Realtor, Agent or Broker, and if they can meet your needs and expectations?
Well depending on what level of professional you are looking for will make a bit of difference in your search. The best way to start this process is going to be, knowing what you want.
Next, you will want to make a list of several names that you can choose from. You can find names for these professionals through friends and family, the Internet, or by driving around and getting names off of the signs in the area you want to purchase in.
Then you will want to interview at least three of these from the names that you have chosen. When choosing the ones you want to interview, it is a good idea to choose ones that have worked in the area you are going to be completing the real estate transaction.
During the interview process, it is a good idea to ask a few important questions.
- How much experience does this professional have in the area you will be completing the transactions in?
- Are they a Realtor, Broker, or Agent?
- What tools will they be using to help you meet the needs and expectations you have?
- What are their fees, and are they negotiable.
After you have interviewed these professionals, you will want to choose the one that will be able to support you in your real estate transactions.
Now that you know the difference and how to find out about the professional you will want to hire, you are ready to start your real estate transaction process.
Chuck Lunsford is the content for Tina Abraham, a well-known Wilmington North Carolina realtor. To learn more about how Tina can help you sell your house or buy the Wilmington NC real estate of your dreams click here or call us at (910) 790-7484.
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