What is the difference between a general contractor and a real estate broker?

A general contractor and a real estate broker are two different roles in Maine when it comes to commercial real estate law. Although they are both involved in the commercial real estate industry, they perform different roles and have different responsibilities. A general contractor is a person or business entity who is hired to build and/or construct a structure or building. The general contractor is hired by the owner of the property to supervise and manage the construction project from start to finish. The general contractor will hire and oversee subcontractors to perform the actual labor, handle permits and licenses, and negotiate with suppliers for the necessary materials. On the other hand, a real estate broker is a professional who helps people buy and sell property. They act as an intermediary between buyers and sellers, helping to negotiate contracts and agreements. Brokers conduct research into the local real estate market, coordinate showings and tours of properties, and work to ensure that the contracts are legally sound and comply with local laws. They also advise their clients on the current market trends and present a variety of options for purchasing or selling properties. In conclusion, a general contractor and a real estate broker both work in the commercial real estate industry in Maine. A general contractor is responsible for building and constructing a structure while a real estate broker negotiates contracts and agreements to buy and sell properties.

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What is the difference between a general contractor and a real estate broker?

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