If you’re considering buying a home, your head is probably spinning thinking about a plethora of things. Perhaps you’ve created a “must-have” list that includes some of the non-negotiables that you desire in the home. These items might include a certain number of bedrooms, a particular number of full bathrooms, a large backyard, an open kitchen concept, and more.
If you happen to be in the real estate profession, you can advance your real estate career with a broker license. If you’re just house hunting, however, you must go through a real estate broker or use a regular real estate salesperson.
What Does a Real Estate Broker Do?
A real estate broker is often called a real estate agent or a realtor. Many individuals use these terms interchangeably. A real estate broker has a valid real estate selling license in their state. They can’t sell real estate outside of their state, or they’ll be required to obtain a separate license. Each state has its own test.
If you obtain a real estate broker license, that means you have completed some advanced training courses in real estate. You can open a real estate agency at that point, and you can have other real estate sellers work for you if you’re so inclined.
Should You Buy a Home Through a Real Estate Broker?
If you’re wondering whether you must buy a home through a real estate broker, you’ll quickly discover that it’s not required. You can purchase a house, condo, or apartment through an individual who can legally sell real estate in your area, but they don’t need a broker’s license. In some ways, you can think about the real estate broker’s license as a Master’s Degree or a Doctorate.
Can You Enjoy Any Benefits from Buying a Home from a Real Estate Broker?
If you purchase a home through a real estate broker, they will likely know the business better than someone who doesn’t have a license. You needn’t find a real estate broker to buy a home, but they may have some additional knowledge that can help you during this time.
During the home-buying process, you’ll likely want someone on your side who is aware of additional housing listings that not everyone has access to. A real estate broker would be inclined to have those listings. The broker can also tell you about HUD properties, liens, closing costs, inspections, and anything else that might preoccupy your concerns.
Someone who has obtained a real estate seller license can legally sell you a home, but a realtor has an extra skill set and industry experience that can make a big difference. If you’re buying your first home, or selling one and targeting a different neighborhood, you’ll be glad you located a seasoned realtor; he or she can quickly get you out of your current home and into one that fits your needs and lifestyle better.