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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent? What does a real estate agent do? Let’s dive in!

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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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How to become a real estate broker & launch a brokerage — Advice from a KW mega broker

Housing Wire

Obtain a real estate broker license Your new chapter begins with ensuring you meet all legal requirements to operate as a broker. Educational prerequisites Most states mandate completing 60 to 150 hours of real estate coursework to become a broker. This includes legal, tax, and state requirements.

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7 Strategies for real estate agents to slash taxes before year-end

Housing Wire

While tax planning is a year-round task, real estate agents can take some specific actions before the New Year to significantly cut their taxable income. Identify business deductions Every business has ordinary and necessary costs, such as office equipment, marketing , accounting, and insurance , that are tax-deductible.

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First American fined $1 million for illegal perks to agents

Housing Wire

will pay a $1 million fine for improper benefits given to California real estate agents. The company also agreed to pay $185,000 to cover the department’s legal and investigative costs. California prohibits title agents from providing perks to real estate agents as business inducements.

Agents 459
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What do the D.C. attorney general’s actions mean for the future of title joint ventures?

Housing Wire

For more than two years, a storm has been brewing in the title insurance industry. The four firms in question all had joint ventures (JVs) or affiliated business arrangements (ABAs) in which real estate agents, who were also business referral sources, were investors. Unlike RESPA, the D.C. Unlike RESPA, the D.C.

Insurance 459
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How to get a Colorado real estate license — Tips from a mega broker

Housing Wire

The total estimated cost of getting a Colorado real estate license ranges from $1,080 to $1,800, depending on the real estate course you choose and the cost of your E&O insurance. It protects you from potential legal claims that a mistake on your part caused someone financial harm.