In the United States and Canada, the term ‘real estate broker’ refers to a party (individual or an organization) who acts as a mediator between sellers and buyers of real estate. The primary role of a real estate broker is to find sellers who wish to sell and buyers who wish to buy a real estate property. In the United States, the relationship was originally established by reference to the English common law of agency with the broker having a fiduciary relationship with his clients.
A real estate broker and his/her sales team, commonly called as ‘real estate agents’ help the sellers in marketing their real estate property in a way to get the highest price under the best terms. On the other hand a buyer’s real estate agent works to help the buyer to find the real estate property for the lowest price and the best terms. There usually exists a verbal or a written and signed agreement between the two parties (the seller or buyer and the real estate broker).
In the United States a person must posses a valid license to receive payment for services rendered as a real estate broker. Unlicensed activity is illegal, but buyers and sellers acting as principals in the sale or purchase of real estate are not required to be licensed. In some states, lawyers are allowed to handle real estate sales for compensation without being licensed as brokers or agents.
Whether you do it on your own or hire the services of a Colorado Springs REALTOR, buying a Colorado Springs real estate property is the best real estate investment you can do. Colorado Springs real estate is a hot selling cake these days, with more and more people looking for homes for sale in Colorado Springs. If you are specifically looking for some great Colorado Springs commercial real estate please contact Mike Stuard.
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