What Is The Difference Between An Agent And A Broker

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AGENT / BROKER
WHATS THE DIFFERENCE?
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Buying or selling a home may be just one of the
biggest financial deals you will make in your
life, add the key element of your lifestyle,
where and what area you desire to live turning
it into one large decision.
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As your real estate agent helps you in every step
of the buying or selling process, the skills and
qualifications of that agent can eventually make
a major difference in your real estate experience.
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There are three main titles that signify levels
of training and licensing in the real estate
profession, but several other forms of specialist
certification which may be relevant to your real
estate transaction.
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Real Estate Broker
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Although some of the requirements vary from state
to state, a broker is generally required to
complete over 100 hours of classes, have at least
a year's experience as a real estate agent, and
pass exams.
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Brokers are legally able to handle deposits and
escrow accounts.
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In most states, real estate agents must work
under the supervision of brokers.
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A licensed broker working under the supervision
of another broker is often called an "Associate
Broker."
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If choosing an agent who is not a broker, you
should make sure that the agent works for a
reputable brokerage.
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Real Estate Agent
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Like brokers, real estate agents must be licensed
by the state in which they are working, something
that requires completing a certain amount of
coursework, usually at least 50 hours, and
passing a licensing exam.
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While real estate agents can list and show houses
and work with customers, they are normally
employed or supervised by brokers.
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While all brokers must be real estate agents, not
all real estate agents are brokers.
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REALTOR
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To use the title REALTOR, a real estate agent
must be a member of the National Association of
REALTORS, and have agreed to follow its code of
ethics.
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Certified Real Property Appraiser
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Although a real estate agent is expert at
understanding the market, and helping you
determine selling prices and offers for
properties, if you intend to get a mortgage,
you must get an appraisal conducted by a
state-certified appraiser.
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Appraisers have a duty to be objective and
unbiased when evaluating properties.
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The Appraiser Qualifications Board sets training
standards for appraisers.
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Seniors Real Estate Specialist
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Members of the National Association of REALTORS
who have completed advanced training and passed
an examination on addressing the particular real
estate needs of seniors can obtain SRES
certification.
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Agents with this designation are adept at helping
seniors who may be downsizing, moving to
transitional living arrangements, or setting up
multi-generational trusts.
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Military Relocation Professional
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Relocating as a military family brings with it
unique challenges, especially in dealing with VA
financing and other aspects of the military
relocation process.
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This certification requires completing specific
coursework and passing an exam focused
especially on VA loans and military paperwork.
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National Association of REALTORS Green
Designation
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Many urban professionals are concerned about the
impact of their home choices on the environment.
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What is the Green Resource Council trains and
certifies real estate agents to work with
homeowners concerned with finding or selling
green housing.
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If you are looking for a condo to buy in Arizona,
We Know Urban Realty will help you find the
perfect place.
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Their realtors are experts when it comes to urban
living.
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Visit the site to see what's available right
now www.weknowurban.com
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Will Daly, Broker We Know Urban Realty, LLC 834 E
Claremont Street, No 3 Phoenix, AZ 85014 (480)
510-8755 Email Will_at_WeKnowUrban.com