Real Estate Broker
Is a company: no
Is a proper noun: no
- real estate agent
Definition of Real Estate Broker
- A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it and collect commissions for the work. Most brokers have agents working for them and collect a portion of their commissions in exchange for providing office space, marketing and other overhead.
Related Terms and Acronyms
- Real Estate Agent — Definition,
- A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
- Broker (Bkr) — Abbreviation,
- A person or firm who acts on behalf of another.
- Open Listing — Definition,
- A property that a number of brokers can market and sell for a commission.
- Seller Broker — Definition,
- One who earns a commission from the seller of a property in exchange for finding a buyer and assisting in negotiation.
- Mortgage Broker (MB) — Acronym, Important,
- One who finds clients perspective lenders at generally no cost. Mortgage Brokers have a special relationship with lenders and can offer their clients the best rates and service. CanEquity goes through great lengths to ensure you are serviced by the best Mortgage Brokers in Canada.
- Subagent — Definition,
- A real estate agent who finds a buyer for a property, and is not the property's listing agent. The subagent usually earns a portion of the commission.
- Buyer Broker — Definition,
- One who earns a commission from the buyer of a property in exchange for finding a seller and assisting in negotiation.
- Cooperating Broker — Definition,
- A real-estate broker who finds a buyer for a property and initiates a negotiation and shares in a commission.
- Commission (comm) — Abbreviation,
- An agent's fee for negotiating a real estate or mortgage loan transaction, often expressed as a percentage of the selling price.
- A fee paid to a salesperson for selling a product to a customer.
- Exclusive Listing — Definition,
- A legal agreement giving one real-estate agent the right to sell a property for a specified period, but owners retain the right to sell their property themselves without paying the agent commission.