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A real estate broker is a term in the United States which describes a party who acts as an intermediary between sellers and buyers of real estate (or real property as it known elsewhere) and attempts to find sellers who wish to sell and buyers who wish to buy. In the United States, the relationship was originally established by reference to the English common law of agency with the broker having a fiduciary relationship with his clients.
Estate agent is the term used in the United Kingdom to describe a person or organization whose business is to market real estate on behalf of clients, but there are significant differences between the actions and liabilities of brokers and estate agents in each country. Beyond the US, other countries take markedly different approaches to the marketing and selling of real property.
In the US, real estate brokers and their salespersons (commonly called "real estate agents" or, in some states, "brokers") assist sellers in marketing their property and selling it for the highest possible price under the best terms. When acting as a Buyer's agent with a signed agreement (or, in many cases, verbal agreement, although a broker may not be legally entitled to his commission unless the agreement is in writing), they assist buyers by helping them purchase property for the lowest possible price under the best terms. Without a signed agreement, brokers may assist buyers in the acquisition of property but still represent the seller and the seller's interests.
In most jurisdictions in the United States, a person is required to have a license in order to receive remuneration for services rendered as a real estate broker. Unlicensed activity is illegal, but buyers and sellers acting as principals in the sale or purchase of real estate are not required to be licensed. In some states, lawyers are allowed to handle real estate sales for compensation without being licensed as brokers or agents.
About me: Charleston SC Home for Sale - Daniel Ravenel has the community insights and contacts of a ninth-generation Charlestonian. The company is independent, locally owned and all or our counselors are native to Charleston or well-established residents.
Realtors from Charleston SC, Mount Pleasant SC, North Charleston and also over the world can easily share their real estate knowledge through this group. And people who joining in this group can easily get information and updates on real estate market.
Charleston is very well known for a community deeply involved in arts and culture, a favorite destination for both locals and tourists and this website really helps you navigate the real estate in the area from Summerville to Kiawah Island, Mt. Pleasant, Isle of Palms and so on. There are wonderful links that help you find just about anything.
Berkeley County experienced an increase in median price of 14.8 percent over August 2006 while the median price of a home purchased in the Lowcountry decreased overall by half a percent over August 2006. Sales slowed by 15.2 percent to 1,065 total units over August 2006, according to the Charleston Trident Association of Realtors.