Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Many people believe that real estate brokers and real estate agents are two names for one position. Do u agree? And why?

user-image
Question added by Asim Azaldeen Abdalrahman Mhammed , Property Manager , TAAM PROPERTY
Date Posted: 2016/03/26

in some countries they are the same position. But by definition it depends on to whom this person work or in behalf of who. If a person is working to search for properties for me and locate sellers? or if he is working on behalf of sellers looking for buyer? or if he just try to be an intermediate between any two, a seller and a buyer. 

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

A real estate broker or real estate agent is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy. In the United States, the relationship was originally established by reference to the English common law of agency, with the broker having a fiduciary relationship with his clients. A real estate broker typically receives a payment called a commission for successfully matching a seller's real estate with a buyer such that a sale can be made. This commission can be divided up with other participating real estate brokers or agents when applicable.

An estate agent being used as a term in the United Kingdom means a person or organization whose business is to market real estate on behalf of clients, but there are significant differences between the actions and liabilities of brokers and estate agents in each country. Beyond the United States, other countries take markedly different approaches to the marketing and selling of real property.

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

wait more details from experts

 

Rami Abbas
by Rami Abbas , Sales Manager , Al Houda Contracting and Real Estate Development

As Mr.Zughaibi said in some countries they are the same but it really depends on how is he working for and what is the responsibility on his behalf.

Thanks for the invite, I apologize for the answer, I do not know, I leave the answer to the specialists.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.