Let’s say a real estate agent finds a buyer. They’ll have to list and find the most relevant properties for the buyers, including things like:
- Facilities in that area – supermarket, hospitals, schools, office buildings
Once the buyer has decided on a property, a real estate agent must come with different attractive offers for both parties. Once the transaction is completed, a real estate agent will have to guide the buyer through the whole bureaucratic process:
- Closing the sale and taking care of legal documents
- Assisting with various inspections
- Facilitating repairs
Most of the time, brokers have the same responsibilities as real estate agents: scheduling showings, conducting negotiations, and closing the deal with the same tasks as real estate agents.
However, brokers handle the more technical parts of real estate transactions. Plus, they are responsible for training and finding networking opportunities for real estate agents that work under them. Apart from this, they have to constantly improve their marketing strategies to make their brand more visible on the Internet.
In conclusion, people think that being a broker is better than being a real estate agent. And in many cases, it’s true. Often, real estate agents want to become brokers because they want to be their boss. Others prefer to work as real estate agents because they benefit from high-quality training or have more networking opportunities.