A real estate broker is a person who is a go-between for buyers and
sellers of property. They have to seek out the people who wish to sell
and the people who wish to buy and then become their broker. Being a
real estate broker is a double edged sword. When working with a selling
party the broker must find a way for the seller to sell their property
for the highest price under the best term. But when a real estate broker
is working with a buying party they must find a way for the buyer to
purchase a piece of property for the lowest price under the best terms.
Most real estate brokers working within the United States are required
to have a license before dealing with prospective buyers and sellers.
Below is a list of the services a real estate broker can provide to a buyer or seller of a piece of property:
Comparative Market Analysis
Exposure
Facilitating a purchase
Facilitating a sale
FSBO document preparation
Full residential appraisal
Home selling kits
Hourly consulting
Leasing
Property management
Exchanging property
Auctioning property
Preparing contracts and leases
Exposure
Facilitating a purchase
Facilitating a sale
FSBO document preparation
Full residential appraisal
Home selling kits
Hourly consulting
Leasing
Property management
Exchanging property
Auctioning property
Preparing contracts and leases
Not all of these services are available in each and every state within the union and a handful of them come with a fee.
Below is a list of the services provided to a selling party:
Property listing
Paperwork prep
Adding a "For Sale" sign to the property
Advertising the property
Running an Open House for prospective buyers to tour
Negotiating the price
Representing the seller at the closing
Paperwork prep
Adding a "For Sale" sign to the property
Advertising the property
Running an Open House for prospective buyers to tour
Negotiating the price
Representing the seller at the closing
To be qualified for a
real estate agent's license an interested party must attend an
educational course that usually lasts 60 hours or more. At the
conclusion of the course the participants take a test and must pass
before receiving their license as a real estate agent. The new agent
must then use their license with an existing real estate firm before
going out on their own. If the real estate agent wishes to become a real
estate broker they must take another educational course and pass
another test to become a broker. This can only happen after the agent
has been an agent for a specified period of time, which usually differs
from state to state. A real estate broker can own and/or operate a real
estate firm and each branch office of a larger firm is required by law
to be managed by a licensed real estate broker.
