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Buying Or Selling Your Home? Get Help From The Right People

Todays Date: December 17, 2018

The main distinction between an agent and a broker is that the broker should complete more coursework. Both hold licenses and are allowed to sell houses. Because brokers spend a little longer studying, they can do some things that agents cannot do. For example, they can manage a brokerage.

If you work for a real estate company, you can be an agent and sell houses. But, if you are independent, you must be a broker. In layman’s terms, brokers have more power and more responsibility than agents. They complete more schooling and therefore have more knowledge of the industry. Usually, agents work under brokers.

Don’t Knock Your Agent

Now, it’s beginning to sound like agents are simply brokers’ henchmen, cleaning around the workplace, making coffee, often smiling at customers as they walk in. While it’s true that agents are basically the salespeople of a brokerage, this does not mean that they’re generic hired help. Agents are capable of doing for you much of the same things brokers do.

In an actual real estate brokerage, they do largely the same work. Agents may be buying properties to list, acting as intermediary between buyer and seller, securing financing from lending establishments, searching titles and more. They will also have complete knowledge of neighborhoods, costs, tax and zoning laws, and buyers’ needs. In fact, they will be the only one you see from the beginning to the end of the entire process. Brokers aren’t wizards with the magic powers to make a house yours. With all of their extra knowledge and schooling, what they can do is own a real estate company. Their extra training is in how to run this business, manage staff, and basically run the show.

A Few Words Of Warning

As if it weren’t confusing enough, several people use the 2 terms interchangeably. Even real estate professionals will sometimes mix them up. It benefits you to understand this bit of knowledge, so that you can understand what’s going on throughout your house buying adventure. Another word of warning – in Canada, the 2 terms ARE interchangeable. Both broker and agent are known as “agents.”

Finding Good Real Estate Agents And Brokers

All agents and brokers must be qualified and licensed. This guarantees that they have been through the training they need and that they follow a strict code of ethics. It’s about finding the one who can understand your standards and desires and is great to work with throughout the entire process.

The best way to find a good one is through referrals. Happy customers will always tell you about the company that helped them get their dream house. Ask around the neighborhood of the property you are interested in buying. You can also do an Internet search. There’s a plethora of websites that’ll help you find a good local agency. Another way is to attend open houses. They will always have an indication and plenty of information about other listings as well. You can always drive around and scope out signs, too. Now that you’re armed with this knowledge, you are prepared to search. Happy house hunting!

Another great article by Woodbine Homes

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