I am a new real estate broker in CA. I got my license fresh out of college because I have a BA degree and in CA they let you do that. I am working with a broker now to gain experience but I am only doing nominal things- not really gaining incite into what he does. Can anyone please streamline the process for me on what a real estate broker does, or provide a timeline of events in which the broker enagages? I want to open my own brokerage and need to be able to provide support for the agents. I am preferably looking for an answer from someone in the real estate field or an active real estate broker themselves. Thanks.
1. A real estate broker or real estate agent is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy. The broker has a fiduciary relationship with his clients. 2. In the United States, real estate brokers and their salespersons (commonly called real estate agents or, in some states, brokers) assist sellers in marketing their property and selling it for the highest possible price under the best terms. 3. When acting as a buyer's agent with a signed agreement (or, in many cases, verbal agreement, although a broker may not be legally entitled to his commission unless the agreement is in writing), they assist buyers by helping them purchase property for the lowest possible price under the best terms.
