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

In Oregon, the terms “commercial real estate broker” and “real estate agent” are often used interchangeably. However, there are some differences in the services they provide. A commercial real estate broker is typically someone who focuses on larger commercial property transactions, such as those involving office buildings, retail stores, and warehouses. They often provide more comprehensive services than a real estate agent, which can include helping a client find the right property, negotiating the terms of the deal, and managing the closing process. A real estate agent, on the other hand, typically focuses on helping individuals buy and sell residential properties. They may offer similar services to commercial real estate brokers, such as helping a client find the right property and negotiating the terms of the deal. However, their expertise is generally limited to residential real estate transactions, such as single-family homes, condominiums, and townhouses. In Oregon, both types of professionals must be licensed by the state in order to practice, and they must follow certain laws and regulations when dealing with clients. Both commercial real estate brokers and real estate agents can provide valuable services to help individuals achieve their real estate goals. However, when selecting a professional to assist with larger commercial real estate transactions, it’s important to make sure that the person chosen has the experience and knowledge to handle the job.

Related FAQs

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

Related FAQs

Related Blog Posts