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What mean Broker of record in real estate?
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.
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.
Can a Florida real estate broker pay referal fee to out of state real estate brokers?
Yes, a Florida real estate broker can pay referral fees to out-of-state real estate brokers, provided that the out-of-state broker is properly licensed in their respective state. The referral fee must comply with Florida's real estate laws and regulations, including the requirement that the fee is paid for a legitimate referral and that the Florida broker handles the transaction. It's advisable for brokers to ensure they understand and adhere to the legalities in both states involved.
What is co broker in real estate?
A co - broker works with the listing brokerage to help sell the property. It is commonly referred as selling broker which will bring buyer and the listing broker will work seller to help complete the transaction.
What does an estate broker do?
An Estate Broker is a person who acts as the middle man between buyers and sellers of real estate. They help with the transaction.
What mean Broker of record in real estate?
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.
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 long does a real estate broker keep transaction records in Texas?
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.
How long does a real estate broker keep transaction records in New York?
10 years
How long does a real estate broker keep transaction records in California?
The California Business and Professions Code Section 10148 dictates that a real estate broker must retain all records of transactions for three years, starting from either the closing date of the transaction, or from the listing date if the transaction is not completed.
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 is a principal real estate agent?
A person with a state/provincial license to represent a buyer or a seller in a real estate transaction in exchange for commission. Most agents work for a real estate broker or realtor.
How long does a broker keep records?
in the state of Florida, a real estate broker must keep transaction records for five years. this may vary from state to state.
How long does broker keep records?
in the state of Florida, a real estate broker must keep transaction records for five years. this may vary from state to state.
What are the regulations for a California 3-way transaction in real estate?
In a California 3-way real estate transaction, there are regulations that require full disclosure of all parties involved, including the buyer, seller, and intermediary. The intermediary must be a licensed real estate broker or attorney. Additionally, all parties must agree to the terms and conditions of the transaction, and the transaction must comply with all state and federal laws governing real estate transactions.
What is co broker in real estate?
A co - broker works with the listing brokerage to help sell the property. It is commonly referred as selling broker which will bring buyer and the listing broker will work seller to help complete the transaction.
