What is the difference between a broker and an agent in commercial real estate?

The difference between a broker and an agent in commercial real estate in Florida can be confusing, as both positions involve working with property owners and tenants. A broker is a person or entity that is licensed to negotiate, manage, and facilitate the sale or lease of real estate. Their primary duty is to represent the best interests of their client, such as providing advice on pricing, inspections, and potential tenants. On the other hand, an agent is employed by the broker to assist in the handling of real estate transactions. They are responsible for seeking out potential buyers or tenants, providing research and market analysis, and marketing and advertising properties. Agents also often present offers to the broker, which the broker then presents to the client. In Florida, both brokers and agents must be properly licensed before conducting any real estate transactions. The license requirements vary from state to state and a broker typically must have more experience and education than an agent. Additionally, brokers are usually responsible for supervising agents and ensuring they comply with all rules and regulations. In summary, the key difference between a broker and an agent in commercial real estate in Florida is that the broker is the party that is licensed to conduct the actual transactions, while the agent is the party that assists in that process.

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What is the difference between a broker and an agent in commercial real estate?

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