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2018-07-18 12:23:25
Understanding the Titles for Real Estate Professionals

First time home buyers may be a little bit confused by the various titles Real Estate Agents use. Sometimes these titles are used interchangeably. however there are some important differences.

Real estate as a profession is regulated by the State that you live in as well as by the National Association of REALTORS®. Each State has different regulations that Real Estate Professionals must pass to earn a license. The most common titles  include:

  • Real Estate Agent: this title can apply to anyone that has passed a State approved test. While state requirements vary, each State determines the minimum number of classes before you can take and pass a test to earn a Real Estate License.
  • REALTOR®: A REALTOR® is a Agent who is a member of the National Association of REALTORS®, which means that he or she must uphold the standards of the association and it's code of ethics.

  • Real Estate Broker: This is a  person who has taken additional education beyond that which is required for a Real Estate Agent and has passed the brokers exam.

  • Associate Broker: This real estate professional-sometimes called a broker associate, has a broker's license but is working under a managing broker. This person typically is not responsible for the supervision of other agents.

  • Managing broker: This person oversees the day-to-day operation of the office and typically takes a hands-on approach to hiring agents, training new agents and managing brokers.
  • Principal/designated broker: Each real estate office has a principal/designated broker. This person oversees all licensed real estate agents at the firm and ensures that agents are operating in compliance with state and national real estate law. Consequently, this person is in charge of reviewing all real estate contracts.

    When you start looking for a real estate professional, look for and work with someone how is a member of the National Association of REALTORS®. This is someone who is committed to a strict code of ethics. Should you decide to work with someone that is new to the business it would be wise to ask to meet with their managing broker as well so you can feel comfortable that the person that is representing you has your best interests at heart.

    If you are looking for a company and broker/sales agent to represent you give Curb Real Estate LLC a call. Garn has over36 years of experience and over 1,000 transaction sides of experience to help you.
 
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