While real estate agents and real estate brokers specialize in helping clients navigate the process of buying, renting, and selling homes, a broker has more in-depth training and education than the average agent. Furthermore, brokers often have supervisory roles and oversee the agents that work for them. In either case, it’s always wise to work with individuals who have the best interests of the client in mind and who will help them achieve their individual goals compassionately and skillfully.
How do Real Estate Agents differ from Brokers?
Real estate agents facilitate property transactions under the supervision of a brokerage. While brokers often work independently to facilitate such transactions, many start their own brokerages and hire agents to work for them. Consequently, this means that the agent or the broker could be well-suited to assist you with your home buying, renting, or selling needs. However, no matter what type of property transaction it is, it’s important to know how real estate agents differ from real estate brokers.
Real Estate Agents
As a real estate agent, an individual must complete specific licensing requirements and pass a state exam in order to represent clients who want to buy, rent, or sell a property. Real estate agents who have the proper licensing typically work for a brokerage that supervises and supports them. The responsibilities of a real estate agent include:
- matching the buyer’s needs to the available inventory on the market
- negotiating home prices and submitting offers
- finalizing the purchase (includes completing all documents and paperwork)
Furthermore, there may be several types of agents involved in the buying and selling process such as listing agents (buyer’s agents and seller’s agents).
Real Estate Brokers
Real estate brokers usually have several years of experience as a real estate agent before they start training to be a broker. Additional educational requirements must be completed and the individual must pass a state licensing exam which makes their preparation for becoming a broker deeper and more intensive. Brokers have 2 primary responsibilities that include:
- performing every function that a real estate agent does
- guiding and supervising other real estate agents
While your community probably has numerous experienced and reputable real estate agents and brokers, you should interview several and review their credentials before committing to a specific one. Keep in mind that brokers are more highly experienced and trained than agents which often make the broker the better choice.
Buy a Home in Fort Lauderdale: Florida State Mortgage Group, Inc.
Our team is here to assist with your questions and walk you through the process. To schedule an appointment with one of our experts, call us today. To learn more, call Florida State Mortgage Group, Inc. at (954) 359-3000.