Should I Hire a Real Estate Agent or Broker?

In case you intend to buy or sell a house, you may be in need of a real estate agent or broker. Although both of these two categories have a license to help you sell, rent or buy a home, there certainly are many differences between them.

Real estate agents are licensed for helping people rent, buy or sell houses or apartments. They have to be hired by a brokerage firm or a sponsoring broker. On the other hand, brokers are real estate agents who have completed further training, and fulfilled more licensing requirements. Brokers can work on an independent basis and hire real estate agents to do the job for them.

Real estate agents are virtually in charge with bringing home buyers and sellers together, and they receive a commission, which represents a percentage of the property’s value. Real estate agents help people throughout the transactions, while also keeping them informed about all the things that need to be done before buying or selling a house –home inspections, moving, closing, and all the important dates.

Fortunately, the fact that a real estate broker has additional education does not mean it will cost you more to hire him/her. You should look at things like good negotiating skills, online and offline reviews, and listening skills.

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