What Does a Real Estate Broker Agent Responsibilities? What are their duties and what do they do? In Texas

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What is a Real Estate Broker

What Does a Real Estate Broker Do For Me?

Broker: A Broker represents the buyer or seller when purchasing real estate. A Real Estate Agent or Realtor must hold their license with a Broker.

When representing a Buyer—The Broker becomes the buyer’s agent, with a written buyer representation agreement and will assist you with locating the property that will match your needs as well as lender requirements. This means finding a home in the location, size and price range that meets the buyer’s goals. Once the buyer is satisfied with the property the Agent (Broker/Realtor) will assist with negotiations and completing necessary documents for the real estate transaction. The buyer’s agent represents the buyer’s interests.

When representing a Seller – The Broker becomes the Seller’s agent, with a written listing agreement and will assist you with gathering information by conducting a CMA (Competitive Market Analysis). They will offer advice on how to make your home ready for sale. Complete necessary documents pertaining to representation. Market your home by placing real estate signs, listing your home on MLS (Multiple Listing Service), websites and various print advertisements. The seller’s agent represents the seller’s interests.

Intermediary – A Brokermay act as an intermediary between buyer and seller. With written consent to act as an intermediary, and may not disclose confidential information.

Brokers/Realtor/Agents are not home inspectors, appraisers, nor attorneys. A Broker should present you with a form entitled “Information about Brokerage Services” to help understand the duties and obligations of a licensed Broker in the State of Texas.

TAR: Texas Realtor Association - Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have questions, please contact TREC at P.O. Box 12188, Austin, Texas78711-2118 or call 512-465-3960512-465-3960

Hope this helps with questions regarding the Texas Real Estate Broker and what their duties and responsibilities are.

About the Author:

I am a Texas Realtor located in the Austin, Cedar Park, Leander and Round Rock area

Brigitte Thompson, Realtor, Austin Texan Realty


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Comments 4 comments

gailhybrid 6 years ago

This article is useful for real estate agents. It provides an overview of ways to represent buyers or sellers side while dealing with property. Nowadays, people can find number of agents working in real estate market. They help people in finding homes in preferred location and reasonable price. Those who are looking for residence in NCR can get useful help from real estate agents NCR dealers. In order to contact agents people can call at 0120-4338222 or 800-232-2343 or can go through below mentioned website.

http://www.ncrdealer.com/


okmom23 profile image

okmom23 6 years ago from Midwest, U.S.A.

Very helpful and well written hub.


tparkin68 5 years ago

Really good information. Here's another article that explains it quite well as well.

http://www.sundaybell.com/classroom/differenece-be...

Tim


garymitchell profile image

garymitchell 3 years ago

Excellent post. I would like to add the the best real estate broker goes above and beyond for their client, walks them through each and every step of the process, and fights for them when it comes to the negotiations.

As a leading real estate broker in Weston MA (http://www.teriadler.com/real-estate-weston-ma), this is one way that my real estate company differentiates ourselves from the rest of the competition. We truly care and our customers appreciate it. As a result, we get a tremendous amount of referrals and Word of Mouth.

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