What is the difference between a real estate team and a real estate brokerage?
Real estate teams have 2 or more agents working together. Often, one specializes as a working with sellers and the other may be a better at working with buyers, they both work under the same broker. There are some agents who have multiple team members with different task assigned to each person. The buyer specialist may not be a buyer’s agent if they ask the buyer to sign a Transaction Broker Notice, they would not represent the buyer exclusively.
Real Estate Teams must include the brokers’ company name in their advertising. This is to prevent the customer from thinking the team member is also the broker responsible for the office.
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