In order to become a real estate agent and legally practice real estate, you must work under a supervising broker. Brokers are licensed by the state to oversee real estate transactions and ensure that real estate salespeople (that's you!) are adhering to the required legal and ethical standards.Think of it as a similar safeguard to how stockbrokers must work at a licensed firm to trade stocks, rather than just winging it on their own. Eventually, you could also apply for a license to become a real estate broker as well, but you will first want to get a few years as an agent under your belt.
Your passing grade on your state real estate licensing exam doesn’t quite mean you have a license yet. A real estate salesperson (agent) is licensed to act on behalf of a broker and may not act as a real estate agent independently. Consider finding a real estate broker early in your licensing process. Once you have completed your prelicensing education requirements and passed your exam, you and your broker will both need to complete final paperwork with the state. Once the form is accepted, your license will be issued, and you may practice real estate under the sponsorship of the broker. Keep in mind that there are a number of items to consider when finding the right real estate brokerage.
Whether you are looking to rent, buy or sell your home, Zillow's directory of local real estate agents and brokers in Stamford, CT connects you with professionals who can help meet your needs. Because the Stamford real estate market is unique, it's important to choose a real estate agent or broker with local expertise to guide you through the process of renting, buying or selling your next home. Our directory helps you find real estate professionals who specialize in buying, selling, foreclosures, or relocation - among many other options. Alternatively, you could work with a local agent or real estate broker who provides an entire suite of buying and selling services.
5. Agents perform tasks that take a lot of time, thus allowing their clients to focus on other things instead of wasting time trying to figure out how to do certain things on their own. Among the daily tasks are marketing the properties online or via the multiple listing services (MLS), scheduling showings, planning an open house, keeping in touch with the buyers/sellers/landlords, formulating offers, and so on.
A real estate broker is a step up the professional food chain. Brokers have additional training and education that have qualified them to pass a higher licensing exam; most states also require them to have a certain amount of recent experience as an active real estate agent. Brokers handle the technical aspects of the real estate transaction. A client signs a contract with a brokerage, not the individual agent. In many states brokers' additional certification authorizes them to handle other legal and financial aspects of a deal, such as handling the earnest money deposit and establishing the escrow account.
Brokers typically own a firm or a franchise. They can be solo practitioners, but they must attain another higher-level license if they want to hire agents or other brokers to work under them. As mentioned earlier, a real estate agent usually cannot work alone but instead must operate through a real estate broker; the exception is in states such as Colorado and New Mexico, which mandate that every real estate professional be licensed as a broker. Usually, though, agents work for brokers and split commissions with them.
Take your time to explore everything we have to offer. Our agent directory is filled with valuable real estate tips for home sellers, homebuyers and renters as well as for real estate agents. In fact, everyone who is interested in learning more about the housing market is welcome! Feel free to browse our blog, our FAQ section and our extensive glossary of real estate terms to go beyond the basics. Also, don't hesitate to tell your friends about our real estate agents directory!