Lowenthal couldn’t have said it better himself. Although Real Estate Agents are hired to be of assistance, it is important to remember they are still trying to make their living, and with that sometimes sloppy situations follow. Transaction Brokers do NOT work in this manner. They are hired to actually prevent a behavior as such. It is important when working with a Transaction Broker to instill trust in them, they are hired to be honest and helpful.
Real Estate Transaction Brokers make an average of $82,380 a year (Real Estate Transaction Broker: Job Description and Requirements). It’s important to look at average salaries when considering who you want to work with. Compare the Transaction Broker salary to the Real Estate Agent salary and see which occupation is the “bad guy”. Real Estate Agents can be notorious for taking clients’ money, but Transaction Brokers are not. Transaction Brokers have a fixed percentage that they take from sales and it is important to keep this is mind, when considering working with a Transaction …show more content…
One of the major benefits from working with a Transaction Broker opposed to the traditional agent, is that clients are not held responsible for any legalities. When working with a traditional agent, clients are held accountable for most situations throughout the transaction, with a Transaction Broker, clients are not held accountable at any point. One other benefit of working with a Transaction Broker is working with lower rates, percentages, and prices. Considering Transaction Brokers have no fiduciary liabilities, they can offer people services at a much lower price. Transaction Brokers provide flexibility on all aspects that they