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Regarding Real Estate Agents

What is the difference between a real estate agent and a real estate broker?

real_estate_agent_sold_sign_hg_clrMost states require real estate sales professionals to be licensed by the state, so that they can control education and experience requirements and have a central authority to resolve consumer problems. In Mexico, AMPI is working with the state and federal governments to establish regulations similar to those of the United States. The best way to ensure that you are getting a professional real estate agent to assist is to choose one that is a member in good standing of the local AMPI chapter. AMPI members are committed to a higher level of standards than other "so-called" real estate agents.

The terminology used to identify real estate professionals varies a little from state to state and in different parts of the world.  Brokers are generally required to have more education and experience than real estate salespersons or agents.

The person you normally deal with is a real estate agent or salesperson.  The salesperson is licensed by the state, but must work for a broker.  All listings are placed in the broker's name, not the salesperson's.

A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or real estate agents.

I have a family friend who is a Realtor. I like her and she is a help but she gives me one price to sell my home for and I think it is too low. So I called another agent who suggested a price more in line with my expectations. Who do I choose?

You might want to consult a couple more Realtors on the market value of your home. Most of the estimates should be in the same ballpark.

It could be that your friend is being more honest with you about the value of your home and the other Realtor gave you a higher number because he already knew you expected it. T

Or it could simply be that your friend is a good friend, but not that great of a real estate agent.

Mixing business and friendships is always risky to the friendship. On the other hand, if your friend is truly competent and was providing wise advice, she may be offended if you ignore the advice and choose another agent.

Baja Sands / Rosarito Sun Fest 2010

Baja Sands / Rosarito Sun Fest 2010