Types of Real Estate Brokers and Agents

A real estate agent, real estate broker or realtor is someone who sells or buys of real estate either directly or indirectly. While a real estate broker can work alone, most agents working today generally work under a licensed brokerage to represent several clients. In some states there are no restrictions on the type of license that a real estate agent has to have in order to sell or buy real estate.

There are a variety of real estate agents or brokers out there today. They can be found on the Internet and in most large towns and cities. They can be found by doing a simple search. Many agents or brokers offer their services directly to buyers and/or sellers, which can make finding and applying for a loan and looking for a property a little more difficult. Because of this, it may be helpful for potential buyers or sellers to use the services of the Belfountain realtors . These individuals can be found on the Internet and through other mediums.

While there are a variety of different types of real estate agents and brokers available today, four types are most often associated with brokers or agents: mortgage agents, realtors, contract realtors and estate agents. Mortgage brokers can be found through banks and lenders. Some have additional licensing required by state law in order to legally practice as a mortgage broker in specific states while others do not. Most mortgage brokers will be found on the Internet.
Contract realtors and real estate agents are independent salespeople who have their own offices and business. Contract realtors are typically referred to as "third party" specialists. There are a variety of different types of contract realtors such as private sellers, absentee realtors, limited party sales agents, public sellers and contract brokers. These experienced Dundalk realtors can be found on the Internet and through various other media sources.

A third type of real estate agents or broker is the National Association of Realtors or the NAR. The NAR has developed standards of ethical conduct and business practices to ensure that its members are held to higher standards than other brokers and agents. To become a member of the NAR, one must become a dues paying member. The fees that one pays to become a dues paying member of the NAR contribute to its budget. In return for being a dues paying member, the NAR offers its full members valuable advertising opportunities and educational materials, among others, that pertain to the real estate and foreclosure market.

While there are certainly a great number of different types of agents and brokers available today, these four general types of agents are the most common. They are essential tools used by agents and brokers in today's marketplace. As such, understanding what each type of agent and broker does can help one to determine which type may be the most effective for one's individual needs.
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