In the United States and parts of the Commonwealth (including Canada and Australia) as well as in many other countries, a real estate agent is a person who advises and represents others in transactions involving real estate. Practicing this profession usually requires a license. In the United Kingdom, the term estate agent is used. Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... A profession is a specialized work function within society, generally performed by a professional. ... A license or licence is a document or agreement giving permission to do something. ... Estate agent is a United Kingdom term roughly synonymous with the United States term real estate broker, a business that arranges the selling, renting or management of homes, land and other buildings. ...
The terms realtor and real estate broker are sometimes used to mean a real estate agent. However, a Realtor refers to a member of the National Association of Realtors, which claims a trademark on the term and states that realtor should not be used to refer to real estate agents who are not members. As for real estate broker, in some states the term is restricted to more experienced real estate agents who have a special license that allows them to operate a brokerage. In this type of licensing structure, individual real estate agents typically work for a broker. A real estate broker operates a brokerage to assist people in transactions involving real estate. ... Realtor is a registered trademark that identifies a real estate professional who is a member of the National Association of Realtors and subscribes to its code of ethics. ... The National Association of Realtors® (NAR) is Americas largest trade association, representing 1 million real estate agent members, including NARs institutes, societies and councils, involved in all aspects of the residential and commercial real estate industries. ... A trademark (Commonwealth English: trade mark)[1] is a distinctive sign of some kind which is used by a business to identify itself and its products or services to consumers, and to set the business and its products or services apart from those of other businesses. ...
Estateagent is the term used in the United Kingdom to describe a person or organization whose business is to market realestate on behalf of clients.
The use of a realestate broker is not a requirement for the sale or conveyance of realestate or for obtaining a mortgage loan from a lender.
Realestate brokers (and their agents) typically do not provide title service such as title search or title insurance, do not conduct surveys or formal appraisals of the property such as those required by lenders, and do not act as lawyers for the parties, although they may "coordinate" these activities with the appropriate specialists.
Realestateagents usually are independent sales workers who provide their services to a licensedrealestate broker on a contract basis.
Realestate is sold in all areas, but employment is concentrated in large urban areas and in rapidly growing communities.
Employment of realestate brokers and sales agents is expected to grow about as fast as average for all occupations through the year 2014, because of the increasing housing needs of a growing population, as well as the perception that realestate is a good investment.
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