![]() ![]() When you sign an agency or listing agreement from your real estate agent, you will actually be signing with the agent’s broker. A significant responsibility is ensuring all the agents under the brokerage license follow fair housing guidelines. The licensed broker ensures that the real estate agent’s transactions fall within federal and state real estate laws. The broker that the agent has chosen will have legal responsibility for dealing with any disputes the agent could get involved in. Real estate agents have to be overseen by a broker. Agents deal with clients, helping them through the transaction, and brokers ensure this is done correctly. Real estate agents must work for a broker or brokerage and cannot deal with transactions themselves. ![]() Agents Need to Work for Real Estate Brokers Just like an agent, a broker can work for a brokerage, but they can also run or own a real estate brokerage. This means the broker checks all the paperwork, ensures money is correctly transferred in and out of escrow accounts, and that these transactions are reported and documented.Ī licensed broker can also work for themselves, something that a real estate agent cannot. The main difference between a licensed broker and a real estate agent is that the broker has to ensure the transaction is legal and correctly recorded. A broker is qualified to deal with real estate transactions but can also help buyers and sellers in the same way a real estate agent would. They are a licensed real estate agent but also hold a broker’s license. What is a Real Estate Broker?Ī significant amount of people ask what a real estate broker is and how their role in real estate works.Ī broker in real estate has the same qualifications as an agent but is able to do more. By the time you’re done reading, you’ll understand the definition of a real estate broker and a real estate brokerage. We will pull apart this industry terminology to better understand the difference between real estate brokers and agents and what they do. While the differences in these distinctions might not cause big problems ordinarily, it is something that you should know in case you have issues in your real estate transaction. Real Estate brokers are distinctly different. The word “real estate broker” is often used interchangeably with Realtor®, real estate agent, buyer’s broker, and seller’s broker. Sometimes, when someone refers to a real estate broker, they are actually talking about a real estate brokerage instead of an individual. When you begin the process of buying or selling a home, you may not realize there is any difference between a real estate agent and a broker. Realtor Upton MA | Real Estate Agent Upton Massachusettsĭo you know what a real estate broker is and how they work?.Realtor Westborough MA | Top Real Estate Agent Westborough Mass. ![]()
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