What is the difference between a commercial real estate broker and a real estate agent?
Commercial real estate brokers and real estate agents are two different types of professionals in the real estate industry. Both work to help individuals or businesses buy, sell, or manage properties. However, they do differ in some key ways. Real estate agents typically help people buy or sell a home, in residential real estate transactions. Agents often mainly focus on the process of finding buyers and sellers, negotiating offers, and guiding transactions until closing. Commercial real estate brokers, on the other hand, focus more on commercial properties such as shopping centers, apartment buildings, warehouses, and office buildings. They typically involve more sophisticated transactions, with multiple parties involved, such as tenants, investors, and lenders. Brokers often help their clients through the entire process of buying, managing, and selling commercial properties. In Florida, commercial real estate brokers must be licensed by the Real Estate Commission to legally represent clients. Agents, on the other hand, must obtain a license from the Department of Business and Professional Regulation. Overall, the difference between a commercial real estate broker and a real estate agent is that the former works with more complex and larger-scale commercial transactions, while the latter primarily focuses on residential properties.
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