How do I educate myself with the real estate basics?
We have compiled a basic ebook on the process.
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What is the difference between a licensed real estate agent, real estate broker or advertising service?
Most provinces / states require those who transact in real estate sale on behalf of others to be licensed by the Real Estate board/Council in the province/ state, so that they can control education and experience requirements and have a central authority to resolve consumer problems.
Offering Advertising, Marketing & Presentation services does not constitute transacting in Real Estate.
The terminology used to identify licensed real estate agents varies a little from state to state. Brokers are generally required to have more education and experience than real estate salespersons or agents.
The licensed agent / salesperson is licensed by the Real Estate council/board in the province/state, but must work for a broker. All licensed listings are placed in the broker’s name, not the agents/salesperson’s.
A broker can deal directly with home buyers and sellers, or can have a staff of a licensed salespersons or agents working for him or her.
Why shouldn’t I use a real estate salesperson?
A licensed real estate agent is supposed to act on your behalf as your agent, providing you with advice and guidance and doing a job – helping you buy or sell a home. The value or perceived value of the service they offer is entirely up to you as everyone’s knowledge base, skill sets, risk management and schedules are different. For simple marketing or sales transactions you may already possess all the skills needed. For more involved transactions others may be required to participate in the transaction. (lawyers, accountants, engineers, inspectors, agents, etc)
The Internet has opened up a world of information that wasn’t previously available to homebuyers and seller.
Please view our ebook to better help you with the process.