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#417351 - 12/22/12 07:40 AM Re: Real Estate Agent And Broker *** [Re: Bay Area Brian]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2238
Loc: Outer Banks
Originally Posted By: Bay Area Brian

I suspect your not even licensed.


Probably. This thread was created by a spammer which attracts more spammers.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#417441 - 12/26/12 04:01 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
James smith007 Offline
Junior Member

Registered: 12/26/12
Posts: 3
Loc: Florida, USA
The terminology used to identify real estate professionals varies a little from state to state.Brokers are generally required to have more education and experience than real estate salespersons or agents.

The person you normally deal with is a real estate agent or salesperson. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker's name, not the salesperson's.

A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or agents working for him or her.


Edited by James smith007 (12/26/12 04:01 AM)

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#421296 - 03/08/13 11:45 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Financialfergy Offline
Member

Registered: 03/03/13
Posts: 15
Loc: Toronto
An agent is someone who works for you to find or sell your property. He or she deals with the other party to come to an agreement to purchase or sell the home. A broker provides you with financing from a variety of lenders so that you can close the deal. More information can be found here: fergusonfinancial.ca/your-real-estate-team/

Devon

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#421561 - 03/13/13 12:21 AM Re: Real Estate Agent And Broker [Re: Financialfergy]
johnnyloans Offline
Veteran Member

Registered: 03/29/09
Posts: 870
Loc: Los Angeles ,CA
You are defining a mortgage broker, the post is about real estate broker.
_________________________
Johnny James
Real Estate Broker in CA
(855) 898-3354
Greater Los Angeles Area
www.PalmdaleRealestate.biz
Have Car Will Travel
For Those That Google JohnnyJamesBroker@gmail.com

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#430098 - 11/07/13 11:38 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
4cmortgages Offline
Junior Member

Registered: 11/07/13
Posts: 5
Loc: Dubai
Brokers are generally required to have more education and experience than real estate agents.

The person one normally deal with is a real estate agent or salesperson. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker's name, not the agent's. A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or agents working for him or her.

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#433274 - 02/20/14 08:26 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
BurtonCarys Offline
Junior Member

Registered: 01/17/14
Posts: 3
Loc: Glastonbury,USA
Real Estate Brokers have additional rights and responsibilities to serve the public that Real Estate Agents do not have.

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#436556 - 06/03/14 08:21 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Heine Offline
Junior Member

Registered: 05/02/14
Posts: 3
Loc: USA
The main difference between the real estate agent and broker is the ease of becoming one. Agents are the first step towards building your profile in the industry and brokers are those who are efficient and effective when closing different transactions.

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#437051 - 06/22/14 05:52 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
JamesJam Offline
Member

Registered: 06/15/14
Posts: 53
Loc: california
Hi,
Broker must stand to a high level of industry knowledge and competence as verified by examination. he is able to legally open a brokerage. he take all liability for issues with transactions, and bear additional operating expenses like insurance and legal services.
Real estate agent meet minimal standards of industry knowledge by examination must work for a licensed broker he has fewer responsibilities and accept fewer liabilities, and receive after-expense commission splits from brokers.

thanks
_________________________


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#437178 - 06/26/14 12:43 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Bay Area Brian Offline
Veteran Member

Registered: 06/09/07
Posts: 613
The main difference is a broker is an agent to the public and a salesperson is an agent to the broker and thus not being licensed to be an agent to the public the salesperson must work for a broker in order to work with the public.

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#447456 - 08/26/15 09:09 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Grace Keng Offline
Junior Member

Registered: 08/26/15
Posts: 1
Loc: CA
The real estate agent and real estate broker as for the purpose both are the same work.But one of the big difference, at least vary by state that only the broker may collect the commission, But the agent go through broker to deal with property.


Edited by Grace Keng (08/26/15 09:10 PM)
Edit Reason: some text change

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#452844 - 05/31/16 10:47 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Durise123 Offline
Member

Registered: 05/15/16
Posts: 45
Loc: Emirates, Dubai
An agent is well educated but usually haven't much experience about real estate business.

A broker has enough experience about real estate business though they have no liability for any issue.

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#452845 - 06/01/16 12:40 AM Re: Real Estate Agent And Broker [Re: Durise123]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7717
Loc: Vermont's North-East Kingdom
Originally Posted By: Durise123
". . . A broker has enough experience about real estate business though they have no liability for any issue . . ."

You really ought to check your sources because they're WRONG; exactly "how wrong" will vary by specific jurisdiction !

And when you're wrong on one item, everything else you post is cast into doubt.

Do you want that ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#453498 - 07/20/16 04:03 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
mtate4442 Offline
Junior Member

Registered: 07/20/16
Posts: 5
Loc: Canada
So it depends on a country. The first answer is totally appropriate for the USA but in Europe things are different: an agency has its own listings while a broker offers a client listings of its partners (estate agencies)

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#455693 - 12/01/16 01:37 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Marion James Offline
Junior Member

Registered: 11/30/16
Posts: 3
Loc: FL
The basic difference between the real estate agent and a real estate broker is nothing but, a real estate agent usual works under any licensed real estate organization, whereas, a real estate broker can work by himself/herself. While having adequate assistance regarding the buying of any luxury condominium, people widely prefer to hire the expert real estate agent. The service of this organization is quite amazing regarding this aspect. I took their services for buying a unit in a luxury condominium and acquired satisfactory service from their end.

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#455694 - 12/01/16 02:40 AM Re: Real Estate Agent And Broker [Re: Marion James]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7717
Loc: Vermont's North-East Kingdom
Originally Posted By: Marion James
". . . The basic difference between the real estate agent and a real estate broker is nothing . . ."

Maybe some minimal demonstrated level of "experience", as mandated by most jurisdictions, fills that void of nothingness Marion references . . . . luckily !

An Agent doesn't have to have any experience at all, just a License.

S/he may have (0) years of experience, or may have 20 years of experience; may have closed ZERO Transactions, or may have closed thousands . . . . the Customer will never know without doing some research.

Always consider your sources BEFORE you believe anything.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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