Every business or profession makes subtle distinctions in rank. The difference between an associate professor and an assistant professor, for example, has considerable meaning in the academic world. So it is with real estate. Before starting your search for the best of all possible agents, you should know the significance of the different terms you will encounter.
An agent is a person who is empowered to act for another. A real estate agent is a limited agent, retained by you for a single purpose—to find a buyer for your property. It is worth noting that the person you hire is your agent and not the buyer’s. Real estate agents are licensed in two general categories, broker and salesperson; their licenses are issued by the state. |
