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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.
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.
How is a real estate broker different from a real estate agent in California?
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.
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 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.
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.
What do you call a person that sells houses?
A real estate agent. a realtor
Real estate broker?
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How much is a real estate brokers and agents commission and how is it split?
RE commission is between 4% and 6% usually. The amount ( say 6%) is what is "split" between the listing broker and the agent who brings the deal to the 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.
What is difference between real estate salesperson and real estate agent in nz?
A real estate agent can either be of these two : a real estate salesperson or a real estate broker. Before becoming a broker, an individual is required to get a pre license course for real estate through accredited training and pre-licensing courses available on their location. It could be an accredited one, as long as it is recognized by your state government. After passing the exam for the pre license course, you will then be getting courses fro real estate salesperson, and after a year, an individual can now get license for becoming a real estate broker.
