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Wikipedia.org
Real estate broker (Wikipedia.org)

A real estate broker is a term in the United States which describes a party who acts as an intermediary between sellers and buyers of real estate (or real property as it known elsewhere) and attempts to find sellers who wish to sell and buyers who wish to buy. 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.

Estate agent is the term used in the United Kingdom to describe a person or organization whose business is to market real estate on behalf of clients, but there are significant differences between the actions and liabilities of brokers and estate agents in each country. Beyond the US, other countries take markedly different approaches to the marketing and selling of real property.

In the US, real estate brokers and their salespersons (commonly called "real estate agents" or, in some states, "brokers") assist sellers in marketing their property and selling it for the highest possible price under the best terms. When acting as a Buyer's agent with a signed agreement (or, in many cases, verbal agreement, although a broker may not be legally entitled to his commission unless the agreement is in writing), they assist buyers by helping them purchase property for the lowest possible price under the best terms. Without a signed agreement, brokers may assist buyers in the acquisition of property but still represent the seller and the seller's interests.

In most jurisdictions in the United States, a person is required to have a license in order to receive remuneration 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.

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Homebuyer credit helping the economy?. Real Estate Broker Connie De Groot argues the homebuyer tax credit has helped the market.
3m 16s |
3 weeks ago
FOX Business
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A bitter lawsuit between two fishing tour operators has lead to a criminal investigation of sex tourism in Brazil. The investigation centers on a real estate broker ...
3 days ago
New York Post
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Real estate agent rejects Qaddafi request for posh penthouse
2m 53s |
2 months ago
FOX News
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Steve Doocy
Brian Kilmeade
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Muammar al-Gaddafi
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Diamond District. Real estate broker Connie DeGroot on whether the first time home-buyers credit is essential.
5m 18s |
2 months ago
FOX Business
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Rebecca Gomez
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Top real estate broker Dolly Lenz says you need to be aggressive in this market, with Carmen Wong Ulrich
7 months ago
MSN Video
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Top real estate broker Dolly Lenz shows what to do if no one is biting, with CNBC's Carmen Wong Ulrich.
7 months ago
MSN Video
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A U.S. real estate brokerage firm asks its clients to cut their homes' listing price in the... 10/2008 Reuters
a year ago
The Ranger Online
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Oct. 10 - A U.S. real estate brokerage firm asks its clients to cut their homes' listing price in the hopes of attracting buyers during a 10 day markdown sale. As the economy falters and housing ...
2m 8s |
a year ago
Reuters
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Coldwell Banker
United States
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