What is the difference between a general contractor and a real estate broker?
The difference between a general contractor and a real estate broker in Kansas is based on the different roles they play in the process of commercial real estate law. A general contractor is typically hired to complete the actual construction of a commercial building or other real estate project. They are responsible for providing the materials and labor required to build the structure according to plan. In Kansas, a general contractor must be licensed and insured to legally engage in such activity. On the other hand, a real estate broker is a professional who specializes in the sale, lease, and management of commercial real estate. In Kansas, real estate brokers must be licensed and knowledgeable about all aspects of commercial real estate law in order to legally engage in such activities. They are responsible for listing and selling commercial real estate, negotiating terms and conditions with buyers and tenants, and managing lease agreements. They must also keep up with all changes in market conditions and laws as they relate to commercial real estate. In summary, general contractors are responsible for the construction of a real estate project, while real estate brokers are responsible for the listing, sale, and management of commercial real estate. Both roles in commercial real estate law are necessary and require that the professional be licensed and knowledgeable in the laws and regulations that govern real estate in Kansas.
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