If you’re purchasing a house in Texas, there are several factors to consider, including the cost, location and size. Getting assistance from a real estate professional is the best option in this position. They have the expertise and knowledge to help you find a property meeting your criteria. However, choosing the appropriate type of real estate professional is important.
The role of a real estate agent
When an individual wants to help people find the right home, they can become a real estate agent. To do so, they must complete the requirements to obtain a license and sell a property. Becoming licensed requires them to take classes and pass an exam. Once completed, they can become employed by a real estate broker. Real estate agents are not permitted to work independently.
The role of a real estate broker
A real estate broker has the license necessary to own and operate a real estate company. They will typically act as a real estate agent to gain experience. In some states, an attorney can become a real estate broker without having experience as a real estate agent. Real estate brokers can employ licensed real estate agents or work independently. They can also work as an associate broker for a real estate agency.
What is a realtor?
The terms “realtor” and “real estate agent” are often considered the same, which is incorrect. “REALTOR®” is a registered trademark of the National Association of Realtors®. To become a realtor, a real estate agent must follow a specific code of ethics.
Understanding the differences between a real estate agent, real estate broker and realtor should make it clearer who to talk to when you want to purchase a home. They can steer you in the right direction and help you with the process.