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LSDefine

Simple English definitions for legal terms

Real estate broker

Read a random definition: secundum allegata et probata

A quick definition of Real estate broker:

A real estate broker is a person who has a special license to help people buy, sell, or rent houses, buildings, and offices. They are different from regular real estate agents because they have more training and can work on their own or hire other agents to work for them. To become a broker, you need to have worked as an agent for a while and pass a test. Brokers get paid when they help someone buy or sell a property, and they do important things like preparing contracts and setting up special accounts to keep the money safe.

A more thorough explanation:

A real estate broker is a licensed professional who helps people buy, sell, and rent properties like houses, buildings, and offices. They have a higher-level license than real estate agents, which allows them to work independently or run their own brokerage firms.

To become a broker, a person must have worked as a real estate agent for a certain number of years and completed additional training and a written exam. Once licensed, brokers earn commissions on real estate transactions, often at a higher rate than agents.

Brokers handle the technical aspects of real estate transactions, such as preparing contracts and establishing escrow accounts. They also oversee agents who work for them.

For example, if someone wants to sell their house, they might hire a real estate broker to help them find a buyer. The broker would handle the paperwork and negotiations, and earn a commission when the sale is complete.

Real estate agent | real estate investment trust (REIT)

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starfishies
12:17
@RoaldDahl: i haven't gotten anything from them yet
starfishies
12:18
congrats gnome!
12:19
shoutout to the gnome
J-Reuben-Clark-Law
12:24
Easy one: https://www.youtube.com/watch?v=h48WY_P89wk
dasfi0990ut1
12:41
Call Rueben OJ cause his ass got LOCKED UP
RoaldDahl
12:45
ASU is the #2 ranked school in DC. People need to be talkingabout this
starfishies
12:50
i also recently saw someone mention this and was shocked
12:51
@RoaldDahl: Alert the presses
IrishDinosaur
12:53
Penn A
dasfi0990ut1
12:53
@IrishDinosaur: OMG COngratzz
starfishies
12:53
congrats!
dasfi0990ut1
12:53
PENN! WWWW in the chat for you
Congrats!!
If anyone else is waiting on villanova scholarship info I just called and was told 1.5-2 weeks from the decision email
RoaldDahl
12:55
@IrishDinosaur: go get your man
dasfi0990ut1
12:58
@RoaldDahl: Her harem has assembled. Male servants everywhere, ready to carry her to PA.
IrishDinosaur
12:59
i think i'll book a flight, thanks XD
13:07
Yeah but they all survived so who even cares
dasfi0990ut1
13:08
Their carry ons and luggage did not.
IrishDinosaur
13:09
guess im driving cross country
dasfi0990ut1
13:09
So don't 'yeah but' me
dasfi0990ut1
13:09
Simp centipede assemble!
Garbage-Cycle
13:09
Train is always the best. Even if they derail in Ohio.
IrishDinosaur
13:09
where is shaq i need to tell him we might be classmates!!!!
IrishDinosaur
13:26
???
TriplePuppy
13:32
hey
TriplePuppy
13:34
drinking a toasted marshmallow blonde latte with cold foam
TriplePuppy
13:34
and im eating strawberries
TriplePuppy
13:35
i will be in NYC march 8th
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