What a Real Estate Broker and a Real Estate Agent Is
February 19, 2010 by John38 · 14 Comments
Real estate agent and real estate broker has many distinguishing marks. Some of these differences are the number and kind of exam that both professions are required to have, their responsibilities and job descriptions.
The Cebu real estate industry has recently become a fast growing business resulting to the increasing number of people becoming real estate agents or real estate brokers. But what is the difference between the two? A lot of people probably think that a real estate broker and a real estate agent are one and the same. That is not true. Although, both professions are required to take exams, their differences are several.
Who Works for Whom
A real estate broker is a person or a company that has the license to operate real estate transactions. The real estate company may have several real estate agents working for it but may also just have one licensed broker. In other words, a licensed broker may have a number of agents working under him and using his license as a broker.
Requirements to Become a Real Estate Broker
To become a real estate broker, an agent has to do the following: additional coursework of 60 to 90 hours field training, a time-period of actually doing real estate marketing, and take and pass a comprehensive written examination. The exam is about the basic laws and transactions of real estate. And the length of real estate marketing experience required may range from one to three years. So a real estate broker has more schooling and more experience compared to an ordinary real estate agent.
Work Responsibilities
The burden of responsibility lies with the real estate broker and not with the real estate agent. Though transactions can be made by the real estate agents, ultimately at the end of the day – responsibility is shouldered by the real estate broker that all transactions are well done and preserved.
Capabilities of an Agent
It is usually the agent who meets up with buyers and sellers, and not the real estate brokers. It may seem to the consumers that there is very little difference in what a real estate broker and real estate agent does. That is because an agent has the license and capability in doing the basic chores that consumers need to do but mostly want to be done for them. Real estate agents are the ones who will assess the needs of the clients, the property listing they desire, and in filling-out the contracts. They also handle negotiations among two parties. So for example, if a buyer is looking for a house, the agent can show him many different houses and also get him a good deal for the property. Similarly, if a seller wants to sell a real estate property, the agent has access to all the same network as the broker that the agent is working for.
Having a real estate broker aside from the real estate agent is beneficial to the client because they can go to them when a problem occurs. It guarantees security on the part of the clients. For more information about Cebu real estate, please visit PhilCebu Properties
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California Home Listings Online
May 31, 2009 by John38 · 9 Comments
Do you know how many homebuyers use the Internet to find a home? You should if you want to sell your home in a reasonable amount of time. The answer is 71 percent.
There has been a revolution over the last several years in the real estate industry. It is called the Internet. Long gone are the days of buyers wasting weekends driving around looking at homes. Now, they sit at their desks and view homes on the Internet. If your home isn’t on the net, there is a good chance a person interested in your home will never find it.
When listing your home for sale, you’ll be able to provide a bevy of information to potential buyers. Essentially, you’ll get to provide everything you would in a typical MLS listing such as bedrooms, bathrooms, garages, appliances, price, square footage, contact information and so on.
There is, however, one major advantage to listing on a California Home Listings Online site compared to regular MLS listings – photographs.
The key to selling any piece of real estate is curb appeal. Curb appeal is simply the notion that the first view of a home is the key to making a sale. Using online sites, you can create curb appeal that will have a buyer running for the car keys.
Photographs are the key to making this happen. You should only list your home on sites that allow you to upload at least 10 photographs. The photographs should highlight the best aspects of the home as well as unique characteristics a buyer isn’t going to find anywhere else. Buyers drive to homes to get a first impression. They sit in their bathrobe, drink coffee and click away. A buyer who likes what he or she sees in your photographs is already half way to making an offer. If you don’t upload photographs, you are wasting your time listing your house anywhere.
The Internet revolution in the real estate industry is charging ahead at a full steam. Don’t get left behind!