What are the differences among a real estate agent, a broker and a realtor?

You may not think that knowing whether your chosen agent has a real estate license or a broker license particularly matters, but in actuality it does. Many lay people do use the terms interchangeably when talking about anyone who are real estate Florida Investing Jacksonville, but there is a difference in the services they can offer legally and it’s important to know which is the best suited to your particular needs.

So what is a Real Estate License holder allowed to do?

These particular real estate license holders are entitled to offer the services they do because of the real estate licensing exams they have passed. It’s really the most all-encompassing of the possible real estate professional qualifications, and offers the starting point for many people entering these careers. They can be known by the name real estate associate. That said, it’s a more junior position then others available in the industry. See more : http://www.iceinnovation.ca/real-estate-investing-tips-in-jacksonville/.

Wait…is this a realtor?

No, a real estate license holder is not a realtor. A realtor is a member of the National Association for Realtors. This means abiding by the association standards and the code of ethics they encompass. If you want to take that a level further, the real estate broker has undertaken further education to gain a broker’s license, which allows them both to hire other agents and to work as independent agents themselves. This distinction is one of the largest there is. Brokers may work independently, whereas either of the other two categories have to work under a broker.

There is one time where that needn’t be the case- and that’s when you are dealing with a real estate associate broker. This is someone who holds their real estate license but is working towards their broker’s license. In other words, it’s a bit of a hybrid wat to operate. They do have to work closely with a licensed broker, but can go further than a simple agent and can share in brokerage profit as well as agent commission. One day, they will be a real estate broker, once all qualifications have been passed.

Why do I need to know this?

Firstly, it’s important to understand how the hierarchy of real estate sales work. In the end, the person benefiting most from your property sale will be the one who holds a broker’s license, and there are times when going straight to the person with the most vested interest is the best way to go. Likewise, using a realtor- someone who is held to a higher code of ethics and stricter standards- can be very important under certain cases. In others, it doesn’t matter, and you can accept a real estate license as all you need.

Overall, finding the best real estate Florida Investing Jacksonville, whether it’s someone with a broker’s license or not- is the way to get the results you want from your property sale, so be sure to get the right professional for the job.


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