We Buy Houses - Riverside, California

We Buy Houses - Riverside, California

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  • Licensing Requirements: In the United States, real estate agents must be licensed by their state to perform activities related to buying or selling property for compensation.

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    This requirement ensures that only qualified individuals handle real estate transactions.

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  • Commission Structure: Real estate brokers generally receive a commission for completing a sale successfully. The commission usually ranges from 5-6% of the property's sale price but can vary by state and region.

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    Broker vs Agent: A broker may work independently, whereas an agent usually works under a broker's supervision. Both brokers and agents must disclose their relationship with clients according to state laws.

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    Historical Licensing Changes:

    • Some states have eliminated the salesperson's license, automatically granting all licensees a broker's license.

    • Lawyers can sometimes handle real estate transactions without being licensed as brokers if it is incidental to their legal practice.



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    Multiple Listing Service (MLS): Before MLS was introduced in 1967, the term "real estate salesperson" was more appropriate since brokers primarily represented sellers by providing legal documentation services.

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  • Educational Requirements:

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