A real estate broker works tonegotiate and arrange real estate transactions. This licensed individual has daily duties that include writing contracts and overseeing transactions for sales and purchasing activities on homes,land and commercial properties.
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What does a broker do?
Brokers can take on two separate levels of responsibility. On the one hand, they can help clients buy and sell real estate – just like a traditional agent. In that case, their job duties would include: Marketing homes for sale
What do buyers and sellers look for in a broker?
For most home buyers, the broker isn the one maintaining the sales relationship. Typically, buyers and sellers look for a real estate agent, build that relationship, and then use whichever broker holds the license of their chosen real estate professional.
What is the difference between a real estate agent and broker?
While some may use the term real estate agent and broker interchangeably, in reality, a broker can have additional responsibilities beyond those of any agent. In light of that, this post will explain what a broker is and what their responsibilities may be. What is a broker?
What is a designated broker?
This license allows the broker to either work independently or to have other agents working underneath them. Every real estate transaction must be overseen by a specified real estate broker, known as the designated broker. Legally, the designated broker bears responsibility for the transactions of any agents who work under them.