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Realtor:
A real estate broker is a party who acts as an mediator
between sellers and buyers of real estate and attempts
to find sellers who wish to sell and buyers who wish
to buy. In the United States, the relationship was
originally established by reference to the English
common law of agency with the broker having a fiduciary
relationship with his clients. Estate agent is the
term used in the United Kingdom to describe a person
or organization whose business is to market real estate
on behalf of clients. In the US, real estate brokers
and their salespersons commonly called "real
estate agents" or, in some states, "brokers"
assist sellers in marketing their property and selling
it for the highest possible price under the best terms.
When acting as a Buyer's agent with a signed agreement
or, in many cases, verbal agreement, although a broker
may not be legally entitled to his commission unless
the agreement is in writing, they assist buyers by
helping them purchase property for the lowest possible
price under the best terms. Without a signed agreement,
brokers may assist buyers in the acquisition of property
but still represent the seller and the seller's interests.
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