Did you know it’s a seller’s market right now? If you want to sell your house but are confused by the different real estate agent types, we can help.
In this guide, we’ll go over the types of real estate agents to consider.
Want to learn more? Keep reading.
Real Estate Broker
A broker is the main person in a real estate firm and leads the entire operation. Real estate brokers take courses so they can manage a real estate firm.
Real estate agents must practice for a few years before they can take the exam.
Broker exams will differ from state to state. The coursework covers topics like operating brokerages, construction, investments, and legal issues.
A broker takes responsibility for all the agents they hire. Brokers need a specific license. Some licensed brokers prefer to work in another broker’s firm. In this particular case, they’re called an associate broker.
Real Estate Agent
A real estate agent sells commercial and residential properties.
An agent needs to meet their state’s requirements to get a license to sell houses and properties.
Agents will work under a broker. They are also sometimes called real estate salespeople, sales agents, or subagents.
Some agents will have a specific focus like a rental agent, buyers agent, or listing agent.
Listing, Rental, or Seller’s Agent
Listing agents work with sellers to list their homes. Rental agents will work with tenants to find rental units in a specific area.
The seller’s agent (also called buyer’s agent) help buyers find a property. The selling agent will represent the buyer and signs an agreement to work in their best interest.
What About a Realtor?
A Realtor is an agent who’s part of the National Association of Realtors.
Real estate agents want to join the association because of its robust reputation. The reputation can attract new clients.
Realtors must follow a thorough Code of Ethics. Consumers might feel more comfortable working with agents who have been vetted. Realtors agreed to uphold specific professional standards.
How to Pick an Agent
When you search for a real estate professional, ask your network for recommendations.
Once you have a list of names, you’ll want to have a consultation and ask a few questions. This meeting will help you narrow down your list of potential agents.
Ask the broker or agent if they have their license. Drop those who can’t show a valid license. Ask how long they have worked in real estate. You can ask to see examples of homes they’ve closed on recently.
A reputable agent will help you sort through houses for sale and narrow down your choices.
Now You Know More About the Types of Real Estate Agents
We hope this guide on types of real estate agents was helpful. Now that you know about the different kinds of real estate agents look for a reputable local agent.
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