What is a Real Estate Broker?
A real estate broker is a professional who helps sellers sell a property. In other words, a real estate broker is an intermediary between buyers and sellers. In the United Kingdom, a real estate broker is also known as a estate agent. A real estate broker represents the buyer, but do not have power of attorney or the right to make important decisions on the client’s behalf. A real estate broker usually has salespersons, known as real estate agents, to assist him in the selling process. While it is possible for a real estate broker to represent the buyer by signing a special agreement, most work exclusively with sellers. A license is required to act as a real estate broker. This is especially important if money will exchange hands and if there are agents working under the supervision of the broker. Unlicensed activity is not permitted unless the buyer is acting as his own real estate broker, in which case there is no need for any further paperwork. To obtain a real estate broker license
Video Transcript What Is a Real Estate Broker? Okay you are officially a real estate agent, a realtor. You know it’s exciting and it’s wonderful and you’ve got that license, now what are you going to do with it? O’kay here it is, here’s my license, okay I’m looking at my license, where am I going to take this, do I just go out and start selling real estate? No you guys when you have that license in hand or even if you don’t what you’ve got now is a whole new journey and this is an exciting journey. You need to have a sponsor and that sponsor needs to be a broker. Now that sounds, what am I talking about, broker, what kind of broker? You see these big names in big real estate companies out there, that is a broker. I’m not going to name any names but Keller Williams. There is a reason I chose Keller Williams. Remember when I was going through my classes I didn’t tell you all this part. All these real estate agents from different brokers, and again a broker is the company, they are the na
A real estate broker is in the business of brokering real estate transactions. Finding sellers for those who want to buy real estate and finding buyers for those trying to sell real estate. Real estate brokers assist sellers in marketing their property and selling it for the highest possible price under the best terms, and assist buyers by helping them purchase property for the best possible price under the best terms. In many jurisdictions, particularly in the United States, a license is required to be a real estate broker.
