What is the difference between a general contractor and a real estate broker?
The main difference between a general contractor and a real estate broker is their roles in the process of commercial real estate transactions. A general contractor helps in the construction of new commercial buildings, as well as remodeling or repairing existing ones. This can involve preparing construction plans, obtaining permits and inspections, and overseeing the construction or repair process. Conversely, a real estate broker is responsible for the commercial real estate process, including the purchase, sale, leasing, and management of commercial properties in California. They are the intermediary between buyers and sellers, ensuring that all of the necessary paperwork is completed and submitted. Additionally, they will typically handle the negotiation process, advising both parties on their best interests and helping to ensure the best possible outcome. The two roles, while closely related, are distinct. A general contractor is primarily focused on the construction process, while a real estate broker is primarily focused on the real estate transaction process. Both are integral in the development of commercial real estate in California, but their involvement typically occurs at different stages in the process.
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