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A real estate broker is a term in the United States which describes a party who acts as an intermediary between sellers and buyers of real estate (or real property as it known elewhere) and attempts to find sellers who wish to sell and buyers who wish to buy. In the United States, the relationship was originally established by reference to the English common law of agency with the broker having a fiduciary relationship with his clients.
Estate agent is the term used in the United Kingdom to describe a person or organization whose business is to market real estate on behalf of clients, but there are significant differences between the actions and liabilities of brokers and estate agents in each country. Beyond the US, other countries take markedly different approaches to the marketing and selling of real property.
In the US, real estate brokers and their salespersons (commonly called "real estate agents" or, in some states, "brokers") assist sellers in marketing their property and selling it for the highest possible price under the best terms. When acting as a Buyer's agent with a signed agreement (or, in many cases, verbal agreement, although a broker may not be legally entitled to his commission unless the agreement is in writing), they assist buyers by helping them purchase property for the lowest possible price under the best terms. Without a signed agreement, brokers may assist buyers in the acquisition of property but still represent the seller and the seller's interests.
In most jurisdictions in the United States, a person is required to have a license in order to receive remuneration for services rendered as a real estate broker. Unlicensed activity is illegal, but buyers and sellers acting as principals in the sale or purchase of real estate are not required to be licensed. In some states, lawyers are allowed to handle real estate sales for compensation without being licensed as brokers or agents.
Ok, don't mind the title. This is an article that every real estate agent should read when considering launching their own web site. This blogger talks about real estate agents shooting themselves in the foot when purchasing cookie cutter template web sites for real estate brokers. Ring a bell? Get out while you can if you plan on having any succes
Colorado Springs is one of the best places to live in the U.S. This is particularly due to the high quality of life and the growing number of educational and job opportunities in the area. Every year, thousands of people are relocating to or within Colorado Springs, which has increased the demand for relocation companies and real estate agents.
Think real estate agents make too much money? There are alternatives out there that give you all the service but not all the cost. Check out this great article about a Colorado real estate company like the one featured on 60 minutes.
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