Real estate broker vs real estate agent: What are the differences?

A real estate broker or agent help to streamline the process and to ensure you get the most out of your real estate services. To sell or buy a new property, you will often require the assistance of experts in the field of real estate. Granted, you could find new buyers by yourself through your circle of friends, or you could perhaps chance upon your new home on a walk around the neighborhood, but it will take a lot of time and effort for you to do so.

However, if you are new to the world of real estate, there are many terms that might confuse you. Will you need a real estate broker or a real estate agent for your needs? To help you make an informed decision, here are some differences between a real estate broker and a real estate agent.

What does a real estate agent do?

When you first call a real estate agency, you will probably be talking to a real estate agent first, not a real estate broker. These real estate agents will then listen to your needs while proposing solutions and offering you the right real estate services. Real estate agents can sell or buy properties on your behalf, and it is their responsibility to find the most suitable property or buyer for you, depending on your needs. Real estate agents can also join the National Association of Realtor to earn the Realtor designation, giving them more credibility.

What does a real estate broker do?

A real estate broker is simply a real estate agent with more managerial responsibilities. A real estate broker can be the supervisor of many real estate agents, so they often have more knowledge and experience in the field. The requirements to become a real estate broker are also much stricter. To become a real estate broker, you will have to pass a difficult broker exam, which you cannot take unless you have already had a college degree and taken several real-estate courses.

Real estate brokers take on a more arduous role as compared to real estate agents. They won’t directly sell you properties or find potential buyers for you, that’s the agents’ job. Rather, they will manage a team of agents to help you find the right solution for your real estate needs. Furthermore, they will be the persons who review your contract and resolve issues whenever a problem arises. For these reasons, they are often more well-paid than real estate agents.

Most of the time, you do business with a real estate agent and not a real estate broker. Real estate agents understand you more than real estate brokers, as they’re quite busy with managerial tasks. However, if there are big issues that need to be addressed as soon as possible, the real estate broker will jump in and handle the matter for you. If you are looking for the best real estate services, then you have come to the right place! Our experts will make sure to give you nothing but satisfaction through our comprehensive services. Call us now for more information.

 

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