Table of Contents
- 1 What is a brokers role in real estate?
- 2 Which statement best describes the role of a broker acting as an intermediary in Texas?
- 3 What are the duties and responsibilities of a real estate agent?
- 4 Are there two levels of intermediary in Texas?
- 5 What term is used to describe a licensed broker who works for another real estate broker?
- 6 Do you have what it takes to become a real estate broker?
- 7 Which real estate broker should I work for?
What is a brokers role in real estate?
A Real Estate Broker, or Managing Real Estate Broker, is responsible for overseeing real estate transactions between buyers and sellers. Their duties include drafting contracts for buyers and sellers, negotiating sale prices between buyers and sellers and leading a team of Real Estate Agents to help them close deals.
Which statement best describes the role of a broker acting as an intermediary in Texas?
Which of the following statements best describes the role of an intermediary broker? disclose any confidential information to either party without prior written permission. You just studied 8 terms!
What is the best definition of a real estate broker?
A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients.
Which best describes the role of an intermediary broker quizlet?
Which BEST describes the role of an intermediary broker? The answer is the broker offers representation to both parties. A broker must agree to act as an intermediary if agreeing to represent a buyer or tenant and a seller or landlord in the same transaction.
What are the duties and responsibilities of a real estate agent?
Real Estate Agent Responsibilities
- Generate client leads to buy, sell, and rent a property.
- Counsel clients on market conditions, prices, and mortgages.
- Develop a competitive market price by comparing properties.
- Create lists for real estate sale properties, with information location, features, square footage, etc.
Are there two levels of intermediary in Texas?
The title to the post is a bit of a misnomer, because Texas does not have dual agency, but rather what is called “intermediary” – which is essentially the same thing as dual agency in other states.
How do I find a broker to work for?
Review the following five steps to learn how to choose a real estate broker.
- Step 1: Ask about the commission split.
- Step 2: Evaluate the brokerage culture.
- Step 3: Decide between a franchise or independent brokerage.
- Step 4: Learn its reputation and niche.
- Step 5: Make sure it will offer support.
Which of the following duties best describes what an agent owes customers?
Chp 5 Unit 1
| Question | Answer |
|---|---|
| Which of the following duties best describes what an agent owes customers? | Fairness, care and honesty |
| When a home is listed, what is the most limited agency that can be created? | Special agency |
What term is used to describe a licensed broker who works for another real estate broker?
A broker-associate is an individual licensed as a real estate broker, but who works in the capacity of a salesperson for another responsible broker or corporation.
Do you have what it takes to become a real estate broker?
Depending on their state’s requirements, prospective brokers must spend one to three years working as a real estate sales agent before they can apply for licensure. It may take additional weeks or months to complete the required training course and pass the broker licensing examination.
What makes a good real estate broker?
What Makes a Good Real Estate Broker? 1. Intuitive Business Acumen. Having intuitive business acumen means being able to understand the bottom line of the… 2. Excellent Organization Skills. Being a real estate broker or sales agent requires handling a heavy load of… 3. Excellent Knowledge of the
How hard is it to be a real estate broker?
Becoming successful and making a sustainable income as a real estate broker or sales agent is hard work and, in most cases, requires a substantial commitment of time, effort, and even money. For one thing, although many of the job functions are similar, there are two different levels of a real estate professional.
Which real estate broker should I work for?
Based on these criteria, we found Keller Williams to be the best real estate broker to work for. The well-known brand offers agents a generous commission structure with affordable desk fees, ongoing training opportunities for professional growth, and profit sharing.