real estate brokers are required to keep copies of pertinent documents for several years (the time requirement varies by state) in California brokers are required to keep a transaction file for five years. This file is made up of true copies but not necessarily the original documents. Documents these days can be signed electronically, scanned or faxed or signed in ink- all are acceptable in the typical real estate transaction.
A real estate broker can waive a commission at will.
Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
The Broker Of Record is the Broker covering the listing or buying side in a Real Estate transaction. He/she is registered as the person responsible for the conduct of a brokerage and the agents who work for it.
Yes, a person can be a real estate broker and agent working for themselves. By acting as both, the real estate broker and agent, the fees for other corporations, agents, and commissions, are eliminating, providing more profit for the owner.
Not sure but broker may keep records for a week. Improve answer ... How long does a real estate brokerneed to keep real estate transactions in Texas? The answer is three years.
3 yrs
A real estate broker can waive a commission at will.
Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.
10 years
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
in the state of Florida, a real estate broker must keep transaction records for five years. this may vary from state to state.
in the state of Florida, a real estate broker must keep transaction records for five years. this may vary from state to state.
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Yes, texas real estate broker can take a net listing.
No, the term "real estate broker" is not typically capitalized unless it is at the beginning of a sentence or part of a title.
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