Who is real estate agent?
The real estate agent is responsible for connecting buyers and sellers to facilitate the sale of real estate or real estate. Professional industry agents who take and pass all government-related courses and meet licensing requirements. The agent is able to represent both buyers and sellers about real estate transactions. Additionally, the agent operates under brokerage and cannot operate independently.
Who is real estate broker?
Brokers often complete more training than real estate agents. Their training allows them to independently manage real estate transactions or have a brokerage, directing other agencies. The primary function of a merchant company is to act as a mediator assisting or representing buyers and sellers in the transaction process. A real estate agent hires someone else to work under their direction. Retailers are able to oversee more technological components of real estate transactions.
Can a broker work independently?
Yes, and this is a big difference between a real estate agent and a real estate broker. A real estate broker can work independently, but it is generally recommended that new sellers work as partners in a company that has already been established to gain the necessary knowledge.
Both of these positions have their pros and cons, but it is often considered that being a Broker is a “stepping-stone” to becoming an agent. The main difference between a real estate agent and a seller is that agents cannot work independently and must pay a percentage of their commission to the seller. However, this buys agents in the formal administration, managing the company and its employees, as well as other daily customer service activities.