A real estate agent, realtor or broker is someone who traditionally represents buyers or sellers of commercial real estate or residential real estate. While in the past agents were typically one-way between buyer and seller, these days, with the advent of the internet and new technologies that allow for greater accessibility and inter-office communication, agents have become multi-presenters. An agent can now work independently, while an agent at one office typically works at least part-time in another office representing multiple clients. This is becoming more common because it allows for greater flexibility and accountability.Feel free to find more information at Merrick Property Group – Real Estate Agent.
If you are in the market for a commercial or residential real estate transaction, one of your first steps should be to find a real estate agent to assist in the transaction. Many agents will work directly with a client, but others will not; it depends on the specific agency and what kind of transactions the buyer needs. Typically, an agent representing a buyer will not present any offers to sellers, but will simply give their perspective on the market and negotiate a fair price based on the current market and what the buyer is looking for.
In some cases, when a real estate agent works for one specific buyer and in other cases they work for many different clients, they are considered to be full-time brokers. Real estate brokers do not engage in any sales or marketing activities, unless they are involved in the licensing process and are officially licensed as a real estate broker with the appropriate state seal. While these agents may be involved in the process of selling a property, they still need to pass the state and federal licensing exam. After the licensing exam, which can take up to eight hours, real estate brokers must wait for up to two years from the date of the exam to reapply for their real estate brokerage license and remain on active duty until the exam is granted.