What is a Real Estate Broker

//What is a Real Estate Broker

What is a Real Estate Broker

There are so many different titles out there for people who sell homes, it is easy to get confused. We’ve discussed how Realtors and real estate agents differ, but what about real estate brokers? Are these the same? Is a real estate broker qualified to sell you a home in the Tampa real estate market? These are all valid questions that can seem overwhelming when deciding who to represent you. The basic definition a real estate broker is this: they are licensed to sell homes and represent buyers in real estate transactions. They are actually higher on the tier than a real estate agent; you will often see brokers with multiple Tampa realtor agents working underneath them. Brokers are highly trained and licensed and can be a great choice for you to buy or sell a home in the Tampa real estate market.

For sellers, a broker will list your home on MLS and other sites and get eyes on your listing in order to book showings. The broker represents you and your home in order to make a sale; this includes scheduling showings, relaying offers, working the negotiations, and finalizing contracts once the house is sold. In some states, you will see an agent underneath the broker will handle much of the day-to-day tasks, but you are officially represented by the broker you hired.

For buyers, the broker still handles everything for you. They schedule showings for homes you are interested in, help create an offer and submit any paperwork, and complete the transaction once an offer has been accepted. They will also help you set up inspections, appraisals, and negotiations to make sure your home is move-in ready.

Ultimately, a broker is much the same as a Realtor or real estate agent, though the title is different. A main difference you are likely to see is your broker may have agents working for them; this only matters if they delegate paperwork or other tasks to these agents. If you’re considering hiring a broker on https://www.kpthomes.com/, ask questions on typical procedures to see if it’s the right fit for you.

By | 2017-12-28T23:48:17+00:00 November 24th, 2017|Blog|Comments Off on What is a Real Estate Broker

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