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

Housing Wire

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. So, let’s start with the basics: What is a real estate broker vs. an agent? Summary What is a real estate agent?

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NAR to vote on Clear Cooperation Policy as legal threat looms

Housing Wire

And the decision comes under the shadow of a potential legal challenge. Michael Ketchmark , the lead plaintiffs counsel in the Gibson commission lawsuit against real estate brokerages, told Inman News that his firm is closely monitoring NAR s vote and will determine its next steps based on the outcome. What’s next?

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Real estate teams get most deals from their ‘sphere of influence’

Housing Wire

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. Legally speaking, most teams are either an LLC (38.9%) or an S-Corp (34.6%), while 15.7% are not a legal entity.

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Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

Youve likely heard about real estate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its important to understand how real estate teams work for you to decide whether its the right career move for you. How do real estate teams work?

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Are the legal risks of private listing networks real?

Housing Wire

And while most of the talking points espoused on both sides of the debate remain fairly consistent, those who are in favor of the policy have recently started to claim that an agent who doesnt list their sellers properties on the MLS may be exposing themselves to legal liability. Restraint on trade?

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Compass tells MLSs to change CCP or face legal exposure

Housing Wire

Ketchmark also said that anyone who is involved in upholding CCP will be subject to legal exposure. The Chicago areas Midwest Real Estate Data (MRED) MLS offers similar capabilities through its private listing network, according to Compass. NAR is expected to vote on CCP in the coming weeks.

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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. Related articles Real estate broker vs. an agent?