Real Estate Broker
A real estate broker is a state licensed party that facilitates real estate transactions as an intermediary between buyers of real estate and sellers of real estate. United States real estate brokers and their representative real estate agents and realtors must have a state issued license in order to assist in the execution of real estate transactions. In order to receive a real estate license to become a practicing and commission earning real estate agent or realtor, one must take and successfully complete a certain criteria and curriculum to then qualify to take the state license exam, which upon successful demonstration of the knowledge, one can earn the real estate license. A real estate license to practice and earn commission from real estate sales and real estate transactions is valid for the entire state of which it is issued. A real estate broker has received both a real estate license as well as experience in the professional business of real estate sales and a real estate brokerage license also issued by the respective state. In order to run, operate, or own a real estate brokerage, and hire and manage other professional real estate agents, one must have a real estate brokerage license for the state in which the business is practiced, as real estate laws vary from state to state. A realtor is a license real estate agent that is a member of the National Association of Realtors. Real estate brokers provide a relationship that is commission based where the client is either the buyer of real estate or seller of real estate or both.
When representing a real estate seller real estate brokerages enter into a contractual relationship called a listing, which is entered into the Multiple Listing Service (MLS). In the circumstance when the real estate brokerage or real estate agent represents both the buyer of real estate and seller of real estate simultaneously, that real estate salesperson is referred to as a dual agent. Laws and regulations concerning the legalities concerned with dual agents vary from state to state however a potential conflict of interest is possible.
Real estate brokers and real estate brokerages provide many valuable services related to the facilitating of real estate transactions. As a leading national real estate brokerage, TheUSARealty.com can provide a comparative market analysis taking into consideration the value of a specific home compared to other homes of comparable stature, different from a real estate appraisal as the focus is related strongly to current real estate market conditions and real estate market trends. TheUSARealty.com real estate brokerage provides the maximum exposure for the property in marketing to prospective buyers.
Real Estate Brokerage and Sellers
TheUSARealty.com provides helpful plans, hints, and strategies to help meet the specific needs of its clients and while guiding the client through the entire real estate sales process and real estate transaction. The real estate brokerage prepares all of the paperwork and contracts, and in some cases can provide leases when applicable. Real estate agents or realtors prepare and coordinate various aspects of the closing of the real estate transactions. Commissions are paid to the real estate professionals at the closing of the real estate transactions representing both sides of the real estate sale. Whether a real estate agent, realtor or real estate brokerage is representing the buyer or representing the seller, the real estate professional must have solid negotiating skills in order to satisfy and achieve the specific needs of their clients.
Real Estate Brokerage and Sellers
After both the real estate agent and real estate brokerage and the individual or individuals desiring to sell the home have signed a contractual listed agreement, a commission is earned at the completion of the real estate sale. TheUSARealty.com negotiates the best possible price and terms for the seller of the real estate. The real estate brokerage and real estate agent or realtor may strategize several different tactics and techniques to aggressively achieve the desired result for the maximum price and best conditions for the real estate seller. The real estate brokerage will list the property or home on a Multiple Listing Service, prepare the necessary information and disclosures on the property, placing a “for sale” sign with necessary contact information, financially qualify prospective buyers, internet advertising, and set up and properly advertise an open house to generate the maximum amount of interest, exposure and traffic. Real estate brokers and real estate brokerages cannot receive any compensation for mortgage referrals and all compensation and commissions must be totally disclosed to all parties.
Real Estate Brokerage and Buyers
Real estate brokers and real estate brokerages as well as real estate agents and realtors representing the buyer enter into a signed “Buyer Agency Agreement” similar to the listing agreement as mentioned between the real estate brokerage and the seller. When representing the real estate buyer with the proper documented agreement, the real estate brokerage will attempt to locate real estate and homes to meet the buyer’s needs, price, and specifications. The real estate agent or realtor will physically show the buyer to the available property and home for sale, execute all necessary documents and negotiate the terms and conditions and price and submitting the offer of the real estate sale in hopes of procuring the best possible situation for the real estate buyer’s interest.
Real Estate Brokerage and the Internet
90% of all people in the United States begin to search for real estate and homes on the Internet. Additionally, the Internet makes the United States real estate market accessible globally and locally in the United States to millions of real estate consumers that can enjoy ease of function and “two clicks to search” technology with no fees or sign up forms by use of TheUSARealty.com. The Internet real estate applications are constantly acting as a catalyst for the evolution of the United States real estate market and all real estate related activities and transactions. The utilization of this technology contributes directly to the success of TheUSArealty.com and affiliate Internet real estate Web sites as the forefront authority on real estate transactions in the United States.