Keller Williams Realty is the brokerage office to which I’m attached. Unless you are a Broker, you have to be attached to one. One cannot simply pass the exam, walk out of the hall and immediately list a house for sale. In the US, a real estate Agent has to work under a real estate Broker in order for the license to be active. Both can teach, and the Principal has a higher authority in a school. Someone who has taken the real estate exam and is freshly licensed starts off as an Agent.Ī Broker, in my simplified interpretation, feels like the difference in roles between a Teacher and a Principal.Ī Principal is not an entry-level profession- there needs to be a certain number of years of teaching experience before one could even apply for the job. To my foreign friends and aliens out there, this one is for you. What industry, and what exactly are you managing? So yes, I couldn’t believe it when I saw “Real Estate Facilitator”! Not again?! What specific part of the transaction does the Facilitator exactly facilitate?! Which, by the way, was the title of my first job- ha! It always invited a pregnant pause and an awkward elaboration after. It’s as vague as someone saying that they are a Manager. In real estate? Realtor.įacilitator is the most confusing, and annoying of all. Realtor… never heard of it, but presumably an industry term for a real estate agent. What’s a Realtor? And why on earth are people yelling it out and writing the noun in caps?! So necessary. So would every transaction require a Broker to broker the terms between two Agents? What’s a Broker? To say that someone brokered a deal is to interpret that the individual played a middleman’s role in bringing terms from both sides to an agreeable state. Through it all, we were the most confused by the unheard terminologies: Broker, Realtor and Facilitator. First of all navigating the myriad of platforms out there (Zillow, Trulia, Redfin, Craigslist), then figuring out typical area rents and finally trying (and failing) to get answers. I remember being very confused when we were looking for a place to rent. Prior to our arrival in the US, my husband and I knew of only one term that would describe the business facilitating real estate transactions: Real Estate Agent.
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