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Guide to Finding the Best Real Estate Agent or Broker Near You

Locating the Best Real Estate Agent or Broker Near You

There are several types of real estate agents and brokers, and they each have their unique duties and responsibilities, so it’s important to know the difference between them if you’re looking to buy or sell a home soon. This page will give homeowners and investors all the information they need to know about real estate brokers vs agents; including how much they cost, what they do, and how they may assist you with buying or selling. Finding the best broker or real estate agent near you has never been easier!

Real Estate Broker vs Agent: The Difference Between Real Estate Agent and Broker

You’ve certainly heard the words real estate agent and real estate broker if you’re considering buying or selling a house. But what’s the difference between a real estate agent and broker? Simply put, real estate agents are licensed to represent buyers or sellers in a transaction, while brokers are licensed to manage their businesses, including hiring agents. 

The most significant difference is that brokers can work simultaneously with both sides of a transaction, whereas agents cannot. There are also differences in how much each profession earns. While commissions vary depending on the region, it’s not uncommon for an agent to make around 7% of the purchase price or sale price as a commission (though this amount can be lower). A broker typically makes anywhere from 15-25% of their business income as commission; higher than an agent, but they must pay office overhead out of that percentage. 

However, brokers earn more money because they have more time to market themselves and negotiate deals. One factor you should consider when deciding whether to go with an agent or broker is whether any added benefits are available. For example, if you live in California but plan on moving elsewhere, your best bet might be a broker who can continue helping you after your move.

Why Hire a Full-Time Realtor?

Whether you’re thinking about purchasing or passing on a property, you may question whether hiring a full-time real estate agent is worth it. After all, real estate agents only get paid when they help you buy or sell a property, so why not just save money and do it yourself? In principle, it seems like a fantastic idea, but here are three reasons why employing a full-time real estate agent is less expensive:

  • Full-time agents have more experience than part-timers.
  • Full-time agents are always on call 24/7.
  • The commission rate is typically lower with a full-timer than with an independent broker. 

The average salary for a residential broker can range from $60k-$120k, depending on where they work. On top of that, brokers can often make up to 20% on every deal they close (a typical agent earns around 10%). Full-time agents also tend to have access to more listings since they work day in and day out. 

So, if you plan on living somewhere for at least five years, a full-time real estate agent could be well worth your time and money! They’ll negotiate a better price, spend hours showing you houses in different neighborhoods until you find one perfect for you, then list your old house and ensure everything goes smoothly on closing day.

Tips for Finding the Best Realtor or Broker Near You

If you’re looking to buy or sell a home, the first step is finding a real estate agent or broker that’s right for you. Here are some tips to help you find the best real estate agent near me or a local broker for your needs: 

  1. Ask friends or relatives who recently purchased or sold a house for recommendations.
  2. Search review sites for the best real estate agents near me. Read reviews to find agents that meet your requirements.
  3. Remember your preferences. If price is vital, choose a low-cost realtor.
  4. Consider location, availability (do they work weekends?), and commission.

After narrowing down your list of possible agents, ask them about their strategy.

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