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While both may do the same thing, there is a huge difference between a real estate agent and a real estate broker. Over the years, the real estate market like sengkang central residences singapore has grown at a rapid rate. This has boosted ways for so many real estate professionals. With the coming in of so many professions, the agents themselves have become confused.
Often certain titles have been associated with these real estate agents to help them figure out better. But, there are other problems as well. These real estate professionals have licenses to sell the property, but it is extremely necessary to choose one who can solve all the major problems.
Who is a broker?
A real estate broker is above the real estate agent. The broker is mainly aimed at finding a property and providing training and education in one particular field. The real estate broker may either be independent or work in association with a company. It is extremely necessary to hire the right real estate broker. Several agents work under a broker for better training.
The brokers need to appear for exams in order to receive their certification. The broker exams are considered to be one of the toughest ones as compared to others.
Who is a broker-associate?
A real estate broker associate is a broker working for either another broker or a firm. Although brokers can start their independent firm, many choose to start off with a bigger firm and then develop their own business. This helps them gain exposure in the bigger market which will eventually be helpful in the future. The broker associates too need to pay a certain fee to the main broker. This may either be in terms of a certain percentage or a certain employing fee.
Who are real estate agents?
The real estate agents are the licensed salesperson. They do not work like brokers. A real estate agent is entirely dependant on a broker and cannot do the property dealing on their own. Brokers however need to take responsibility for the agent’s actions. Any person above the age of 18 years can become a real estate agent. However, they need to appear for a valid exam to attain the certification.
Based on your requirement you may either choose a real estate agent or a broker. However, whatever you are choosing, you need to understand the fees that you will be paying. There are several qualified brokers and agents in Baudinet.ca who can help you get the best value for your property.
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