Rentals in 94107>Question Details

Agmaynard, Renter in San Francisco, CA

What is the difference between a Broker and Agent? Is it costly? Which is a better bet? Like who would have a better resource?

Asked by Agmaynard, San Francisco, CA Thu Oct 17, 2013

We are getting close to the wire here with lease ending date. So it's starting to get tough with seeing posting of available properties, and the scamers seem to be So, new to looking for an apartment...grr

0 votes Share Flag Rentals in 94107

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Those who have obtained a BROKERS license have completed and passed stringent competency testing. However, RESULTS are the better measure.
Of real concern is whether the individual who holds the BROKERS license is filling the role and position of a broker (manages a real estate office with more than one agent). Such a person will have responsibilities that could interfere with your goals.
HOWEVER, since you are looking to need an AGENT who works rentals. Most do not. You may soon realize, you don't have thousands and thousands of agents or brokers from which to choose.

Best of Success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
0 votes Thank Flag Link Fri Oct 18, 2013
Brokers can have agents working under them that do most of the selling. An RE agent/salesperson must hang their licensed with only one broker in order to engage in RE transactions of any kind. Brokers don't have to have agents and can work alone or hang their license with another broker. Bottom line in order to be a broker you must have had at least 4 years of experience as an agent/salesperson or be a college graduate or both.
0 votes Thank Flag Link Fri Oct 18, 2013
1st off, what is that you're trying to accomplish?
Without this info, everything is basically an uneducated guess...

Brian Kelly 415 846 5017
0 votes Thank Flag Link Thu Oct 17, 2013
Like to start with getting a new apartment. So trying to get a better resource. Thank you
Flag Thu Oct 17, 2013
A broker has to take college level courses to obtain their license. An agent takes a lesser amount of courses not at a college level to get their license. Also a broker car have other agents work for them as long as they conform to the legal and Bureau of Real Estate requirements. It is not more costly to work with either. The better bet is the one who has the most experience. Ask for references.
0 votes Thank Flag Link Thu Oct 17, 2013

Many use the word Broker and Agent synonymously. There are additional courses to obtain a Broker's license, but in terms of ability to help you with the home buying process, I would say you want to find an agent, whether they are a broker or not, that is knowledgeable, honest and advocates for you in the home buying process.

The great thing when you buy is you do not have to pay commission! In the state of CA the seller typically pays the commission of both sides, so when you buy you get the professional expertise, but do not have to pay directly for it.

Many when starting the process will ask friends, colleges and relatives who they used when they buy. You can also check online resources like Yelp, Trulia, etc. You may want to reach out to a couple of agents to get a good feel for who you think can best represent you.

I find when working with first time home buyers, having an initial consultation to review the home buying process is imperative. Having an understanding of the current market and how to best prepare yourself for the home buying process is imperative. It can be a complicated and often bumpy process, so as much education and advice prior to diving into looking at homes is a great way to prepare yourself so there are not as many surprises along with way.

Below are links to the CA state requirements for both agents and brokers for a broad highlight of the two types of licenses.

Keep in mind, passing the exam does not necessitate a good agent per se.

Hope this helps!

Lisa Cartolano
Alain Pinel Realtors
BRE 01715440
0 votes Thank Flag Link Thu Oct 17, 2013
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