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So you’re thinking about buying or selling a house. You’ve heard the terms real estate agent and broker thrown around, but you’re not sure what the differences are. Don’t worry, you’re not alone! Many people actually don’t know the difference between these two professions. In this blog post, we’ll clear things up by explaining the differences between real estate agents and brokers. In addition, we will also discuss which one you need for your next real estate transaction. So, whether you’re buying or selling a home, read on to learn more about real estate agents and brokers!

What is a Real Estate Broker?

A real estate broker is a professional who helps people buy and sell a property. In order to become a broker, one must first complete certain educational and licensing requirements, such as completing a real estate course and passing a state exam. Once these requirements are met, brokers can work independently or they can choose to work for a real estate brokerage firm. Brokers can help their clients in a variety of ways. For example, they can assist with the purchase or sale of a home, provide advice on pricing and marketing a property, and help negotiate deals. You would need to work with a real estate broker if you are looking to buy or sell a property. In addition, brokers can also help you find a property to rent.

How do Real Estate Brokers Get Paid?

Real estate brokers typically earn a commission on the sale of a property. The commission is usually a percentage of the total selling price of the home and is paid by the seller at closing. In some cases, the buyer may also be responsible for paying a commission to the broker. It is important to note that commissions are negotiable, so be sure to discuss this with your broker before beginning the process of buying or selling a home. However, most brokers will charge a commission that is between five and six percent of the total selling price of the home.

What is a Real Estate Agent?

A real estate agent is a professional who works with clients to help them buy or sell a property. It is different from being a broker in that agents typically do not have their own real estate license. Instead, they work under the supervision of a licensed broker. In addition, agents are not allowed to work independently and must be affiliated with a brokerage firm. Real estate agents can help their clients in many of the same ways that brokers can. For example, they can help you find a property to buy or rent, assist with the purchase or sale of a home, provide advice on pricing and marketing a property, and help negotiate deals. You would need to work with an agent if you are looking to buy or sell a property.

How do Real Estate Agents Get Paid?

Similar to brokers, agents typically earn a commission on the sale of a property. The commission is usually a percentage of the total selling price of the home and is paid by the seller at closing. In some cases, the buyer may also be responsible for paying a commission to the agent’s brokerage firm. However, most agents will charge a commission that is between five and six percent of the total selling price of the home. On the other hand, it is also possible for agents to charge a flat fee for their services. This is typically only done in certain situations, such as when an agent is helping to find a rental property for a client.

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What about Realtors?

Now that you know the difference between real estate agents and brokers, you might be wondering what a realtor is. A realtor is a professional who is a member of the National Association of Realtors (NAR). The NAR is a trade organization that provides its members with resources, such as education and training, to help them in their real estate careers. In order to become a realtor, one must first be a licensed real estate agent or broker. Once an agent or broker becomes a member of the NAR, they can use the term “realtor” to describe themselves.

People need realtor services when they are interested in buying or selling property. Realtors can help their clients in many of the same ways that agents and brokers can. For example, they can help you find a property to buy or rent, assist with the purchase or sale of a home, provide advice on pricing and marketing a property, and help negotiate deals.

Which One Do I Need?

Now that you know the difference between real estate agents, brokers, and realtors, you might be wondering which one you need to work with when buying or selling a home. The answer to this question depends on your specific situation. If you are looking to buy or sell a property, you will need to work with either a real estate agent or a broker. Both agents and brokers can help you with the purchase or sale of a home, provide advice on pricing and marketing a property, and help negotiate deals. However, only a broker can work independently. If you are looking to buy or sell a property, it is important to choose a professional who is experienced and who you feel comfortable working with.

Can I Buy/Sell the House on my Own?

The answer to this question is maybe. In some states, you may be able to buy or sell a property without the help of a real estate agent or broker. However, it is important to note that the process can be complicated and there are many risks involved. If you are considering buying or selling a property on your own, it is important to do your research and speak with an attorney to find out if it is legal in your state.

The bottom line is that real estate agents, brokers, and realtors can all be helpful when you are looking to buy or sell a property. However, it is important to choose the professional who is right for you and your specific situation. If you are looking to buy or sell a property, make sure to do your research and work with a professional who you feel comfortable with.

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