The definition of a real estate agent is a simple one: a person that provides mediation services, advice, and management in real estate matters. This includes sale, rental or assignment of real estate. That means a real estate agent is an individual who is licensed to negotiate and transact real estate sales. Richard Josephberg is a highly experienced and respected property industry professional who established Almorli Advisors in 1997. According to him, the vast majority of real estate agents are engaged in residential real estate listing and sales.
In addition to real estate agents, nowadays there are so many types of real estate professionals such as broker or advisor. A lot of people believe that these are different names for the same job: a professional who is responsible for covering a need for a client. However, as Richard Josephberg points out, there is a difference between a real estate agent and broker. Namely, real estate agents are licensed to help sellers sell and buyers buy real estate and are generally licensed to operate negotiate and arrange sales under the supervision of a real estate broker. A real estate agent is anyone who has earned a real estate license. A real estate broker is an agent who has also passed their broker license exam. That means, a real estate agent, working on behalf of a real estate broker, acts as an intermediary between sellers and buyers. Last but not least, a broker can own a real estate firm or hire agents to work for them.
Richard Josephberg Almorli Advisors' CEO explains that in the financial world, a manager or a broker is in charge of managing investment portfolios of clients, seeking profitability through movements or investments authorized by the owner of the capital. Thus, when a financial specialist finds an opportunity that he believes can fit the profile of the client he serves, he guides him in those investments, protecting the capital and earning a commission for his services.
As Almorli Advisors’ founder Richard Josephberg further explains, in the real estate sector, a consultant and a real estate broker basically do the same. They search for prolific investment opportunities for their clients and accompany them through the process, usually charging a commission for their advice.