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.

What is a real estate worker?

A real estate agent, as defined by Cambridge Dictionary, is a person whose business is to arrange the selling or renting (learn more about renting here) of houses, land, offices, or buildings for their owners.

What is a professional real estate agent?

A real estate agent is a professional who assists in the buying and selling properties and has obtained a real estate license to do so. Real estate agents can work with residential as well as commercial properties depending on their specialty.

Who are the attorneys in a real estate law firm?

It is common in large law firms for real estate transactions to be staffed with attorneys at differing levels of experience. Small transactions typically consist of one law firm partner, one associate and occasionally a paralegal.

Where does the term realtor come from in real estate?

A Realtor is a trademarked term that refers to a real estate agent who is an active member of the National Association of Realtors (NAR), the largest trade association in the United States. Where does the term “Realtor” come from? NAR was founded more than a century ago, but it has only used the term “Realtor” for about 40 years.

When does a real estate agent represent a client?

An agent represents a client in a legal transaction, such as the purchase of a home. That is why real estate salespersons and brokers are commonly referred to as ‘agents’. Marcie has made a buying decision and asks Drew to submit an offer to purchase the property.

What do you call person who helps you buy, sell property?

A transaction broker assists buyers and sellers, treating each equally and fairly without being the agent of either party – a facilitator if you will. An agent, on the other hand, owes additional fiduciary duties to his or her principal. A dual agent curiously serves two masters.