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Since each state's laws may differ from others, it is generally advised that prospective sellers or buyers consult a licensed real estate professional.
Some Examples:
- comparative market analysis (CMA) - an estimate of the home's value compared with others. This differs from an appraisal in that property currently for sale may be taken into consideration (competition for the subject property).
- Exposure - Marketing the real property to prospective buyers.
- Facilitating a Purchase - guiding a buyer through the process.
- Facilitating a Sale - guiding a seller through the selling process. Read More
The difference between salespersons and brokers
In the past, when brokers (and their agents) only represented sellers, the term "real estate salesperson" may have been more appropriate than it is today, given the different ways that brokers and their agents can help a buyer through the process rather than simply sell him or her a property. Legally however, the term 'salesperson' is still used in many states to describe a real estate agent.
Real estate education: In order to become licensed, most states require that an applicant take a minimum number of classes before taking the state licensing exam. Such education is often provided by real estate brokerages as a means to finding new agents.
Today in many states, the real estate agent (acting as an agent of the broker with whom he/she is employed) is required to disclose to prospective buyers and sellers who represents whom.
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