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► Difference Between a Broker, Realtor, and Real Estate Agent
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Americans are snapping up homes. In May 2021, sales of existing homes in the U.S. increased by 44% and average home prices increased by 23% from May 2020 to May 2021, according to the National Association of Realtors. These increases are because of low interest rates, a limited inventory, and high demand as lifestyle changes lead many to change their living situation. The decreasing availability of affordable housing has been allowing some homeowners to expand their properties or relocate to areas with more opportunities. The availability of low interest rates is opening new opportunities for potential home buyers. A real estate professional can make the home buying process easier and less stressful. Signing off on all aspects of your purchase, a real estate agent will work with your best interests in mind, seek out properties that suit your needs, help to negotiate an acceptable offer, and represent you during closing. So who are real estate agents, real estate brokers, and Realtors? What do they do, and do you need them to buy (or sell) a property? So if you want to know more about them, this video is for you.
For today’s video, exclusive for our Core members, we will be talking about the differences between a broker, a realtor, and a real estate agent. Real estate agent, broker, and realtor are popular professions for people interested in a career in real estate. Many people and professionals use these words interchangeably, but they mean very different jobs. If you're interested in what each profession entails, understanding the distinctions will help you decide on your preferred job field
1:37 - Real Estate Agent
3:33 - Two Types Of Real Estate Agents
6:54 - Real Estate Broker
8:00 - Three Types Of Brokers
9:35 - Realtor
11:07 - Brief Explanation
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Here are just a few YouTube channels that continue to inspire us.
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