Iristel Canada's Largest Telecom Enters Kenyan Market-CEO,Samer Bishay's Pitch

 

Words by Iristel CEO, Samer Bishay Pitch on matters kenyan market.

“Today is an exciting day as we are pleased to bring Kenya businesses carrier grade communication solutions. We will begin with our best-in-class wholesale services and expand our product offering in the coming months.” 5th jan 2023

for more updates visit their Kenyan webpage: https://kenya.iristel.com/

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Celebrating women change-makers: Expo 2020 Dubai unveils the Women’s Pavilion in collaboration with Cartier

 

Celebrating women change-makers: Expo 2020 Dubai unveils the Women’s Pavilion in collaboration with Cartier

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment, unveiling creative content and programming for the Women’s Pavilion in collaboration with Cartier, and reminding the world that only through the full and equal participation of women in all fields can a more equitable and just world be built.

The Women’s Pavilion’s exhibition, titled “New perspectives”, will honour the significant and often forgotten contributions of women, demonstrating that when women thrive, all of humanity thrives. Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General, Expo 2020 Dubai and Cyrille Vigneron, President and CEO of Cartier International, discussed Expo 2020’s role in offering a global platform to empower women and girls and to drive awareness of the Sustainable Development Goal of gender equality and women’s empowerment during a conversation with Becky Anderson, anchor for CNN. A diverse community of creators and artists have contributed to the pavilion’s design and curation:

Nadine Labaki The Lebanese actress and first female Arab director to be nominated for an Oscar in the category for Best Foreign Language Film will create a short film for the Women’s Pavilion. Mélanie Laurent The French actress, filmmaker, singer, and pianist takes over the pavilion’s second floor with an immersive exhibition showcasing stories of women and their experiences, from all over the world. El Seed The French-born Tunisian artist uses Arabic calligraphy to spread messages of peace, unity and to underline the commonalities of human existence, transforming the lower part of the pavilion’s façade. Laura Gonzalez The French Architect uses inspiration by references from Cartier’s creative heritage to reimagine the upper part of the pavilion’s façade.

From 1 October 2021 to 31 March 2022, the Women’s Pavilion will host an array of events, programming and meaningful dialogues that will not only enhance knowledge and understanding of gender equality and women’s empowerment, but also invites visitors from around the world to join the making of a new world. Book the Expo Dubai Entry Tickets with us Today! Call us/WhatsApp: +254764446210 Email: bisnapbiz@gmail.com Book online with us, or leave us a message at: https://bisnapbiz.business.site Bisnap Conglomerate LTD a proud Tour & Travels management for UAE destinations will deliver your Accommodation, Entry Tickets, Visa ...During and After the EXPO Dubai 2020 (1st October 2021-31st March 2022) A 6 Months World Expo Like No Other! Don't miss our amazing Offers! Follow us on Facebook: Bisnap Tours and Travel Nairobi, Kenya

 

Realtor vs. Real Estate Agent

 BY JD ESAJIAN | @JDESAJIAN

Key Takeaways

• What is a real estate agent?

• How to become a real estate agent

• What is a Realtor?

• How to become a Realtor

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What is the difference between a Realtor vs. real estate agent?

If you are relatively new to real estate, chances are you have asked yourself about the differences between today’s most popular real estate professions. You may have noticed various industry titles being thrown around, such as real estate agent, Realtor, broker, or salesperson. This can get very confusing, especially as some of these titles are often used interchangeably, even though there are distinct differences. Understanding the distinctions between “Realtor vs. real estate agent,” as well as real estate broker, can clarify what type of real estate professional may best suit your needs.

Difference Between Real Estate Agent And Realtor

The biggest difference between a real estate agent and a Realtor comes down to the certifications for each. You may have heard the terms used interchangeably, and perhaps you have wondered what the difference is between the two. Simply put, while they complete similar jobs, they are held to different standards as established by the National Association of Realtors. To better understand “Realtor vs. agent,” let’s take a closer look at the role of a real estate agent, followed by the role of a Realtor and the qualifications necessary for each.

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What Is A Real Estate Agent?

A real estate agent is a professional who assists in the buying and selling properties and has obtained a real estate license to do so. Real estate agents can work with residential as well as commercial properties depending on their specialty. Agents can also practice with a certain focus like a listing or buyers agent and a rental agent. The difference between a listing and buyer agent comes down to their primary clientele: listing agents work with sellers to list a home, while buyers agents help aspiring homeowners search for properties. On the other hand, Rental agents work with potential tenants to find rental units within a given area.

To become a real estate agent, professionals must pass a state examination after taking the required coursework. Although licensing requirements vary by state, the average real estate agent will have completed 30 to 90 hours of coursework and must become knowledgeable about local, state, and national real estate laws and practices. Depending on the state, agents are often required to continue their education and renew their licenses every one to two years.

How To Become A Real Estate Agent

1. Research the age and education requirements in your state.

2. Enroll in approved real estate education courses either in person or online.

3. Submit an application (and necessary paperwork) to take the final licensing exam.

4. Take the real estate license exam and meet the minimum score in your state.

5. Work with a licensed real estate broker and gain experience.

6. Apply for your license to begin practicing as an agent.

7. Continue your education and renew certifications as needed.

What Is A Realtor?

A Realtor is a real estate agent who is an active member of the National Association of Realtors (NAR). Founded in 1908, the NAR is the largest trade association in the United States. Active real estate agents who would like to join the organization must have a valid real estate license and an immaculate professional conduct record. Real estate agents have an incentive to join due to its good reputation, attracting more clients. All Realtors are required to adhere to an extensive Code of Ethics, so consumers may feel at ease knowing that they are working with agents who are thoroughly vetted and have sworn to uphold certain professional standards.

According to the NAR, about half of all real estate agents in the United States are certified Realtors. Many real estate agents choose this path because the organization actively works to protect its members’ interests. As a trade association, the NAR has strong bargaining power in both state and federal governments. This influence can be used to obtain better legal protections and benefits for Realtors across the country. Essentially, while it is not required to become a Realtor, some real estate agents will find this path to be in their best interest.
Two other ways Realtors are different than real estate agents is that they abide by a Code of Ethics as well as 17 additional Articles.

Code Of Ethics

The National Association of Realtors (NAR) created the Code of Ethics as an enforceable set of ethical guidelines that realtors must uphold and are strictly enforced by real estate boards. It states realtors’ duties to clients and customers, the public, and other realtors, which are more limiting than state guidelines.

The Code of Ethics comprises 17 articles that cover different areas of professional standards of practice that must be upheld. Articles one through nine make up a Realtor’s duty to their clients and customers. Articles 10 through 14 state a Realtor’s duty to the public. And Articles 15 through 17 define a Realtor’s duty to other Realtors.

The following are summaries of the ethical duties realtors promise to abide by:

17 Articles

1. Promote their clients’ interests before their own and treat all parties involved honestly.

2. Avoid exaggerating, misrepresenting, or withholding facts about the property or transaction that are within the scope of their real estate license.

3. Cooperate with other brokers when it is in their client’s best interest.

4. Disclose with their client if they are working with another member of their existing client’s family.

5. Avoid providing professional services regarding a property they have an interest in, unless it is disclosed to the client.

6. Receive the client’s consent and knowledge before accepting any form of payment or commission.

7. Disclose to all parties and receive consent from their client if a payment is to be received from more than one party involved in a transaction.

8. Keep personal funds and clients’ funds separated.

9. Ensure all agreements are clearly and understandably communicated between all parties involved in a transaction, and that each party receives a copy of each agreement.

10. Refrain from discriminating against any person based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.

11. Competently abide by standards of practice in their real estate discipline, and do not provide services they are unqualified for.

12. Remain truthful in their advertising and marketing materials.

13. Do not practice law if they are not authorized to do so.

14. Present all evidence and cooperate if charged with unethical practice.

15. Refrain from making false or misleading statements about other real estate professionals.

16. Do not interfere in another realtor’s contractual relationships.

17. Handle disputes with other realtors through arbitration instead of litigation.

Is The Word Realtor Always Capitalized?

The word “Realtor” is always capitalized, as the National Association of Realtors has trademarked the term. This is one nominal difference between Realtor and agent, though it can be helpful to note. In 1916, the NAR coined the term “Realtor” as a way for members to distinguish themselves from non-members, later obtaining a copyright and trademark in 1950. The trademark is still upheld by the U.S. Patent and Trademark Office today.

How To Become A Realtor

1. Identify and join the local chapter of the NAR in your county or state.

2. Pay your dues to be a part of the association.

3. Take and pass an online course on the Code of Ethics.

4. Adhere to the NAR’s standards of practice throughout your career.

5. Retake the online course every four years to maintain the certification.

Broker Vs Realtor

To summarize a real estate agent vs. a Realtor, a real estate agent is a real estate professional with a valid license. Agents help people buy and sell both commercial and residential properties. Agents can also become Realtors, active and paying members of the National Association of Realtors (NAR). In this sense, there is generally no difference between real estate agents and Realtors, other than distinguishing between members and non-members of the NAR when it comes to professional duties.

Key professional differences do, however, come into play when looking at a real estate broker vs. Realtor. A broker is a professional who has taken additional education and has passed a special broker’s licensing exam. Although broker exams differ from state to state, the coursework covers in-depth topics such as legal issues, operating brokerages, investments, construction, and property management. Real estate agents are often required to practice for several years before they are qualified to take the broker’s exam. Brokers are responsible for managing real estate firms and their agents, ensuring legal compliance, and reviewing contracts. There are three main types of real estate brokers:

• Designated Broker: Almost every real estate office has a designated broker who ensures the agents are following real estate law. The designated or principal broker is responsible for making sure operations comply. They are paid a commission on top of a base salary.

• Associate Broker: Associate brokers work under designated brokers to help with real estate law. They do not, however, oversee real estate agents or Realtors directly.

• Managing Broker: Managing brokers are in charge of the day-to-day operations at real estate firms, such as managing and hiring agents. In some offices, managing brokers also manage the administrative work.

While the difference between a real estate agent and a Realtor comes down to professional certifications, the difference between broker and Realtor is much more significant. The roles and responsibilities handled by each professional are different. Although Realtors can become brokers (and vice versa), the two terms are not interchangeable.

Why Should I Work With A Real Estate Professional?

Any type of buyer or seller should consider working with a real estate professional, due to the unique skills and expertise they have to offer. Here are just a few of their qualifications to take into consideration:

• Experience: A real estate professional’s sole job is to understand the inner workings of property buying and selling processes. They will inform clients so that they may navigate the process as smoothly as possible.

• Location-specific knowledge: A professional will know the ins and outs of local markets, including comparable properties, price points, schools and crime rates. They can also help determine prices that are fair and competitive, respective to the market and property type.

• Negotiation: Another advantage to working with a real estate professional is their ability to serve as a buffer between parties involved. Acting as the middlemen during the negotiation process, agents often help keep waters calm between buyers and sellers.

• Professional Connections: Real estate professionals maintain a network with other professionals and previous clients they have worked with. They can provide you with references, as well as help connect you with interested buyers or sellers if so desired.

However, that all being said, it is possible to work autonomously and without the help of a real estate professional. Those who do not mind putting in a lot of time conducting research and mind their due diligence can experience success in their endeavors.

Summary

By this time, hopefully, the difference between “Realtor vs. real estate agent,” as well as the distinction between agents and brokers, has been clarified. The real estate industry is robust, with talented professionals taking ownership of each of its unique niches. Whether or not you decide to work with an agent or broker or navigate buying a house on your own, it is important to acknowledge the important work done by real estate professionals.

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Types of Real Estate Agencies

Lesson Transcript

Instructor: Deborah Miller

Deborah is a licensed Real Estate Broker. She has a Post Master's Certificate in college teaching with all but the dissertation of her doctorate in philosophy complete.

In real estate agency and brokerage, the agent has the authority to act on behalf of the client. This lesson will identify the various types of agencies available in agency relationships and the power of authority an agent can have as a representative of the client. Updated: 04/07/2020

Agency Relationships

In real estate practice, the duties of an agent are clearly defined. The agent, which is a term generally applied to both broker and salesperson, represents the interests of the principal (also known as the client) in a real estate transaction. The relationship that exists between the principal and the agent representing them is called agency. In seller agency, the agent represents the seller in a real estate transaction, while in buyer agency, the agent represents the buyer. And finally, a situation in which both buyer and seller are represented by the same agent is called dual agency transaction.

Agency Relationships in Real Estate Transactions

An agency relationship is a fiduciary relationship of trust between the broker and the principal created by contractual agreement. As a fiduciary, or person of trust, the agent owes the principal the specific duties of diligent care, obedience to lawful instructions, accounting for all funds received or dispersed, loyalty to the interests of the principal, and disclosure that is informative and influential to the decision-making process. In dealing with third parties, the agent must obey the principal's instruction, act in good faith, and use professional judgement and ethical practice. They must also promote and protect the interests of the principal, avoid misrepresentations, and comply with federal housing regulations. In return, the duties of the principal include compensating the broker, disclosing material facts, avoiding misrepresentation, and complying with federal housing regulations.

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Real Estate Brokerage

Real Estate Agency

Often called a real estate agency, a brokerage is the business of uniting buyers with sellers in the lease, exchange, management, or purchase of real property. Brokerages may be established as a sole proprietorship, a limited liability company, a corporation, or a partnership. Regulated by the law of agency, the real estate broker is licensed to operate a brokerage, to employ agents, to provide agency, and to facilitate real estate transactions for a fee.

The broker has a fiduciary relationship with the principal that entitles trust, loyalty, and confidence in the agency relationship, the administration of services, the management of funds, and the management of property. As the agent of record in all transactions, the broker is liable for the actions of all agents hired as independent contractors under the broker's supervision.

The licensed agents that represent the broker cannot act without the supervision of the broker. The broker is the agent of the principal, while the salesperson is the agent of the broker and a subagent of the principal. The principal, also known as the client, employs the broker and has a contractual agreement for agency representation, while the customer doesn't. For example, a buyer who contacts a broker about a property listing is a customer. A customer may call to inquire about a home and nothing more. The agent may respond with information, but no further obligation to a customer is required until an agency agreement is signed. In some states, an agent is required by law to provide the client a copy of the 'Consumer Guide to Agency Relationships' and the 'Agency Disclosure Statement'. These documents are designed to inform readers about agency relationships, the role of the agent, and the types of transactions proposed. The Agency Disclosure Statement, otherwise known as the agency agreement, serves as an acknowledgement between the agents and the principals that agents have particular duties and responsibilities toward their clients.

The creation of agency between the principal and agent may be expressed or implied by the actions of the parties. Implied agency is created by the words or acts of a principal or agent operating under the guise of a formal agency agreement that doesn't exist. For example, a For Sale by Owner allowing a broker to market their property without authorization is a relationship implied by ostensible agency. Here, an unauthorized agent acts on behalf of a principal that allows the appearance of agency when no formal agency agreement exists. On the other hand, express agency is created by oral or written agency agreement. For example, a buyer agency can be created by oral agreement between the buyer and the agent prior to a written agreement being signed. An oral agency agreement is what it sounds like, by the way - a verbal agreement expressing offer and acceptance by words spoken between a principal and agent. By law, an agent's duty is to create written agency. Again, this is like it sounds - an agreement in writing signed by both parties disclosing the agency relationship between the principal and the agent. Until an agency agreement is created between the principal and agent, agency doesn't exist. A customer only becomes a client by agency agreement.

Real Property