by Joseph Malek

Created on: May 12, 2009

In order to promote the Sale of another person's Real property one must pass a State administered examination. After that person passes that test that person is duly licensed by the State to, for a fee, promote the sale of another person's Real property. That is, if that person passes the Real Estate Brokers examination within the State in question. A person who becomes a licensed Real Estate Broker must first satisfy a minimum education requirement.

That being, within most States that person must first have a college degree that includes study in the area of Real Estate valuation. Then again, some States allow a Real Estate agent to take and pass the brokers test after having worked for a Real Estate broker for a certain period of time and if that person also satisfied the formal education requirements for those Real Estate valuation courses.

Keep in mind that those State requirements vary from State to State. Being a licensed Real Estate broker you now can open a Real Estate office and actively seek the sellers and buyer of such property who either sign an agreement with the broker to promote the sale of such property or pay that broker to seek out a particular property for that buyer. So to, those who desire to purchase Real Estate can simply walk into your office and request to see what is available, usually within your area of operation, for purchase.

The main difference is that a Real Estate agent cannot simply go into business as one who is a Real Estate broker. Real Estate agents work for brokers. So too, agents can contact sellers who desire to sell their property and offer to act as the agent for the seller for a stated period of time or until the property is sold. However, such a listing agreement between the seller and the agent will not become valid until the Real Estate broker signs the agreement.

You see, the broker agrees to advertise the property, and that costs money. As a result, the broker will not usually promote a property for sale or lease if the asking price is too high or the property has a major defect or defects that must be disclosed to any potential buyer. The State laws governing the sale of Real property must be obeyed. Otherwise, that Real Estate broker, together with any of his or her Real Estate agents, who were directly involved with the transaction, could very well be sued and/or end up in jail.

Then again, a Real Estate broker is liable, in some cases, for the misconduct of the agents who he allows to work within his place of business. For those of you who desire to enter the Real Estate business you must first learn a whole lot about that profession before you decide to change your means of earning a living.

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