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 North Carolina is that a broker is a person who is licensed to negotiate and act in real estate transactions on behalf of a buyer or seller and receive a commission for doing so. An agent, on the other hand, is someone who works for a broker and is responsible for managing the day-to-day business activities related to commercial real estate transactions. A broker’s responsibilities typically include researching available properties, negotiating contracts, and providing advice to clients during the buying or selling process. They are usually required to obtain a special license from the state in order to engage in such activities. Licensed brokers can also work as agents, but they are expected to perform all the duties of an agent in addition to their broker responsibilities. Agents are expected to be knowledgeable about the local market, law and regulations, and industry guidelines. They are responsible for managing listings, advertising, paperwork, and liaising with clients and other parties involved in the transaction. Agents are usually employed by a broker and cannot practice independently. In North Carolina, brokers and agents are expected to comply with state and local laws and regulations, as well as industry standards of practice. Both brokers and agents are required to obtain a license to practice in the state and must adhere to ethical standards established by the North Carolina Real Estate Commission. Both have an important role to play in the real estate market and together they provide an important service to clients.

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

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