The Legal Difference between Real Estate Agent and a Broker
The national association of realtors active members have been increasing year after year; this have been noticed in the previous few years. Due to this, the real estate agents and the brokers have increased in number in this field. Most home buyer and sellers are in dire need of such qualified persons who will help them undertake the tricky and complex transactions. However you should first know that there is a difference between real estate agents and the brokers not only in the about the titles but also the responsibilities they bear. The following article by BrokerBreakUp describes the differences between real estate agents and the brokers.
To begin with, you should realize that there is a difference on who the boss is between the real estate agent and the broker. It is wise for us to settle on what it means to be a real estate and also a broker; the real estate agent is a person who represents the broker and has a license; the law requires them to be affiliated to a particular broker. However, some real estate agents are also brokers but not all real estate agents work as brokers. We can also conclude that the brokers can also stand in as an agent but most of the times they have agents working for them. Therefore we can give a general observation that when a person chooses to work with a real estate agent, he chooses a broker too. This is because there is a need for the real estate agents to give an account of his job to a broker for him or her to be a professional.
Secondly, you should take note of the difference of what it takes to become a real estate agent and a broker. There are strict requirements for one to become a real estate agent, you have to take pre-licensing courses in the required number of hours. Becoming a broker is not always the same as for real estate agents because they go a notch higher to become smarter and better.
There is also a need to research the roles instigated to the real estate agents and the brokers. The people who want to sell or buy homes have the most dealings done for them directly by the real estate agents more than the brokers; their roles include; negotiating the prices, managing the transactions and doing some marketing.
Finally, you should consider looking for the level of knowledge for both the real estate agents and the brokers. Brokers always have a better place when buying and selling real estates because they are well exposed and informed about the market and their experience is better and longer than for the real estate agents.