Real Estate Agent vs. Mortgage Broker: An Overview
Real estate agents and mortgage brokers share similar job attributes. As licensed professionals in the real estate industry, both help their clients obtain residential or commercial properties. But their specific duties are quite different. A real estate agent helps buyers and sellers find or sell a physical property, and a mortgage broker helps buyers find the financing to purchase a property.
Key takeaways
Real estate agents put buyers and sellers together; mortgage brokers put buyers and lenders together.
Depending on whom they represent, courtier immobilier aylmer real estate agents help their clients purchase a property or sell a property, and mortgage brokers help their clients find financing for the property.
Mortgage brokers must study credit reports and lending contracts; real estate agents are less concerned with financial details (other than purchase prices).
Both jobs may require working nights and weekends; compensation for both careers is based on productivity.
Both jobs require obtaining the proper license by the state in order to practice and to keep the license up to date via renewals and further education and testing.
Real Estate Agent
Because the real estate industry can be extremely competitive, if you want to become a real estate agent, an outgoing personality, a desire to be helpful, maturity, and trustworthiness are essential qualities. A residential real estate agent should also be able to present a house and sell the features it provides in a pleasing manner. A creative eye for design and detail …