There are several different real estate professionals with varying roles. Brokers and agents are the most commonly discussed real estate professionals among people in the market for buying or selling properties. Although brokers and agents do similar work, brokers and agents play different roles. Understanding their roles and responsibilities is important for buyers and sellers.
Real estate agents and brokers help people buy and sell real estate properties. Both have professional licensure to do this. But real estate agents must work for a sponsoring broker. Brokers are real estate agents who have completed additional training and licensing requirements, such that they can work independently and hire real estate agents to work for them. So, the main difference between a real estate agent and a real estate broker is that a real estate agent must work under the supervision of a broker, while a broker can work as an independent contractor (or own a brokerage firm).
The duties of real estate agents and real estate brokers overlap. Both are responsible for seeking and securing potential clients whom they then advise on property prices, mortgages, market conditions, and other related information. They also are responsible for making comparisons of properties so as to determine competitive market pricing. Besides these responsibilities, both agents and brokers generate lists of properties for sale, highlighting the features of each; promote properties via print and online advertising; host open houses; accompany prospective buyers on visits to properties; present purchase offers and mediate negotiations between buyers and sellers; and prepare and manage contracts and deeds. Agents and brokers can represent a buyer or seller in a real estate transaction.
Knowing the roles of real estate professionals can help you when you’re in the market to buy or sell a home or other property. It is critical to learn about their responsibilities and duties to their clients because having a knowledgeable, experienced, and qualified real estate agent or broker will make a significant difference as you navigate the market. Make sure you research agents and brokers before choosing who you want to help you.
If you are in the market for buying or selling property in Corpus Christi or other communities along the Texas Gulf Coast, you should reach out to a licensed real estate professional, like those at the Corpus Christi-based WEICHERT, REALTORS® – The Place of Houses. The Weichert team can help you with your market research and answer any questions you have. If you need guidance or advice about the process of buying or selling a property, consulting competent and experienced professionals is key. To discuss your real estate needs regarding properties on or near the Texas coast, WEICHERT, REALTORS® – The Place of Houses is the professional real estate team to call. This knowledgeable team employs well-trained, seasoned real estate specialists who are committed to providing excellent support to all their clients. Contact WEICHERT, REALTORS® – The Place of Houses so the expert real estate team can help you explore all your options with efficiency and ease.