what does a real estate broker do

What Does a Real Estate Broker Do?

A real estate broker is a person who provides advice to buyers and sellers about buying or selling real estate. They can act as a buyer’s advocate for the seller, provide leads to potential buyers, negotiate for better terms on financing, provide referrals to investors and provide other types of advice to clients. There are two types of brokers: independent and affiliated.

An independent real estate broker works for themselves. They have no affiliation with any one firm and are usually independent contractors. They have their own office or they work from home and meet with clients when they are convenient to them. They do not deal with mortgage lenders or finance companies. The job description of an independent real estate broker includes providing advice on buying and selling real estate.

An affiliated real estate broker is a member of a particular agency or institution that represents the firm in connection with the sale of real estate. These firms often maintain separate but closely related websites, sometimes called real estate networks, that provide information, contacts, resources and opportunities to all brokers who work with them. An affiliated real estate broker acts as an advocate for the firm and helps to build a referral system.

There are several types of real estate agents. Some specialize in specific types of real estate. For example, an agent may be an attorney who specializes in buying commercial real estate. An attorney will be more experienced in negotiating financing and closing costs for a loan. A real estate agent who specializes in purchasing residential properties will be less knowledgeable in negotiating financing or closing costs.

A real estate broker must be licensed by the state in which he or she is engaged. In many states, the license is called a real estate broker’s license. This license does not need to be renewed. Many states require brokers to pass a written exam in order to renew their license. The exam is not difficult to pass and most brokers finish it in one session.

Some states require that a real estate broker to receive at least one continuing education credits in order to stay registered and certified. The states generally consider the number of continuing education credits the broker receives as part of the continuing education requirement. In some states, the broker may have to submit a written statement to the state detailing how the credits were used in the broker’s current business. The broker may also be required to submit a list of activities that were covered in the continuing education activities.