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How is a real estate broker different from a real estate agent in California?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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What makes a real estate broker different from a real estate agent?
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.
Can a person be a Real estate Broker and an Agent working for themselves?
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.
Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
that completely depends on the agreement between the broker and the agent.
What do you call a person who deals real estate?
Real Estate broker/agent or Realtor. Also, sales associate or sales person.
Can real estate agent's commission be paid by the broker to a corporation?
In most States the corporation would need to be a real estate licensee. Check with your State real estate licensing agency.
What makes a real estate broker different from a real estate agent?
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.
What is a US estate agent called?
broker
What are some different real estate job titles?
There are many real estate job titles. Among them are Broker, Agent, Associate Broker, Closing Agent, Loan Processor, Inspector, Loan Underwriter, and Load Documents Closer.
Can a person be a Real estate Broker and an Agent working for themselves?
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.
Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
that completely depends on the agreement between the broker and the agent.
What other field can a real estate agent pursue?
Real estate agent can be real estate broker he can open his office that should be registered.
What do you call a person that sells houses?
A real estate agent. a realtor
What are the differences between a broker and an agent?
A broker is a certain kind of agent, which is the broader term. While an agent has the power and authority to act on one's behalf, a broker is one's agent to act - financially ( buy/sell securities or real estate) for a commission.
What is the difference between a realestate agent and a realestate broker?
A realtor is authorized to assist with peopling trade land, and is paid a commission when an arrangement is finished. The specialist might address either the purchaser or the dealer. A land representative does likewise work as a specialist however is authorized to work freely and may utilize specialists.
How many days does a Florida real estate agent have to get a deposit check to the broker?
13
Can you quit a real estate agency with commissions pending and still get them?
No, the Real Estate agent is attached to the broker, the broker is the one the listings are with, an agent is not allowed to be paid directly in most states, so it is at the brokers discression or company policy, but not likely.
Does a real estate agent get the full commission that is itemized on the HUD settlement statement?
No. The HUD lists the total amount of commission paid to the listing broker and selling broker if they are different companies. The agent then has to split his commission with his office, sometimes the split is as high as 50/50.
