I was having dinner the other day with a client of mine and some distinguished guests of his. The night was going great for me as business opportunities we’re being discussed. I was focused and sharp with the details even though I had been showing houses the whole day. Then, it happened again. He introduced my occupation as an “agent in real estate” to his friends.
Honestly, I’m constantly peeved whenever this transpires. The lack of knowledge or care of some people to think that the two are the same has gotten me weary. I know that to the average home buyer or seller, these are just the same. It just isn’t right for people to be told what they’re not. So I’m taking time now to clarify how real estate professionals operate and work together in this wonderful world of real estate.
Let’s start with being a real estate agent. An individual with at least 2 years of college education may apply for a license with the Professional Regulation Commission (PRC). They will need to complete twelve units on real estate brokerage and hooked up with a licensed broker during this process.
To be a licensed Real Estate Broker nowadays, one must have a Bachelor of Science in Real Estate Management (BS REM) degree to qualify for the grueling broker’s licensure exam. After passing, they may now decide if they would work for a developer or start their own. Having a license confers certain privileges such as opening and owning a real estate office or work independently without one. An agent must work for a broker, who must look after the said agent’s actionrs. There is also a need to attend Continuing Professional Development seminars every year to keep up with the current real estate climate. It is a prerequisite for maintaining the license as well.
A broker or an agent can definitely help you in your purchase or selling of real estate. There are some amazing agents who far outwork other brokers. Find the most experienced and knowledgeable professional who can work with you. Just make sure he’s licensed by checking the PRC website and knows real estate well in your preferred area.
I know people will still make this honest confusion as both professions serve the same purpose. I just make sure before the meeting ends or that dinner in particular, I always shake their hand and say, “My team and I will take care of your real estate needs.”
By: Peter Norrdell
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