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Where to Celebrate Fourth of July 2014 in Dallas

I wanted to pass along this great list written by Chris Mosley and Alison Matlock of D Magazine on July 1st.  There’s sure to be something for everyone.

English: Fireworks on the Fourth of July

Fireworks on the Fourth of July (Photo credit: Wikipedia)

Dallas Wind Symphony’s Star-Spangled Spectacular (July 4). Ever since Archibald Willard decided to toss a flute into his 1875 Yankee Doodle painting, The Spirit of 76, the wind instrument has played an important symbolic role in the tradition of American patriotism. The Dallas Wind Symphony takes Willard’s idea and runs with it, for an entire evening of tunes that are sure to stir the citizen in you.

Fair Park Fourth (July 4). The graceful art deco confines of Fair Park are already a great place to watch a traditional fireworks display, but the best part of this family-friendly event? It’s free. The clearest sightlines will be right inside the Cotton Bowl, but plenty of alternatives will be provided around the park grounds. While you’re waiting for the big show, kill some time at one at the attraction’s multiple museums; This free event is full of  live music, water features and access to rides, games and concessions in the State Fair of Texas Midway.admission will be discounted for attendees. Musical performances include Razzmajazz Dixieland Band, Trio Grande and more. The fireworks show will begin at 9:30 pm.

Fort Worth’s Fourth (July 4).  A night of free fun including live music featuring Party Machine and Larry G(ee), food, tubing, jet skiing and fly board shows. There will also be many kid-specific activities including pony rides, bounce houses, face painting, water slides, and more. There’s even zip lining, which I had no idea was something you could do in this area.

Kaboom Town (July 3). Let’s not dress it up: We like one thing above all else  when it comes to the 4th: Blowing stuff up. We like it more than the hot dogs, more than the swimming pools, more than the stars-and-stripes speedos. Addison’s Kaboom Town is probably the most-self explanatory of all Independence Day celebrations. It’s a fireworks show set to music while vintage warplanes conduct flyovers. Forget the geopolitical and psychological implications and embrace your inner munitions expert.

Willie Nelson’s Fourth of July Picnic at Billy Bob’s (July 4). Does it get any more American than Willie Nelson at Billy Bob’s, on the Fourth of July, in Texas? “Icon” isn’t even big enough a word for the 81 year-old singer, who has made a career out of uniting the disparate worlds of cowboys and hippies, conservatives and leftists alike. So no matter your political stripe, head out to the picnic and embrace the cultural unity that one of our state’s living musical treasures represents.

Just Fireworks

Fireworks Extravaganza at Lake Grapevine (July 4).  The show can be viewed from any lakeside location, or from a boat, should you be so lucky. The explosions begin at 9:30 and will continue no matter what our unpredictable weather has in store.

Lone Stars and Stripes (July 4).  This event will feature live music, a ford truck-themed giveaway and a firework show, following the race, of course.

Old-Fashioned Family Fireworks Picnic  (July 2—4). Fort Worth is not a place to be outdone by the aforementioned wind instruments and grandiose firework shows of neighboring municipalities. For three straight days in July our sister city will take full advantage the gorgeous backdrop of their celebrated botanical garden, while unleashing their entire symphony orchestra on our nation’s most sacred tunes. Don’t be surprised if a bald eagle flies over when they hit the high note. So pack a picnic and come celebrate Independence Day in a truly patriotic fashion by watching marches, military salutes and the inevitable fireworks show.

Texas Rangers Fan Sleepover and Fireworks Show (July 3). Ever dream of sleeping under the stars on a baseball field? No? Keep reading. Yes? You’re in luck. Pack a bag and come camp out in the outfield and watch the Rangers live broadcast followed by fireworks in the park. Bring your sleeping bags and pillows to get comfortable.

Out in the ‘Burbs 

Farmers Branch Independence Day Celebration (July 3). Along with a low-level fireworks display, there will be concessions, live music by Groove Knight and a kid-hospitable area featuring face painting, bounces houses and more.

Plano’s All-American Fourth (July 4). Tune in to 97.5 FM for a simulcast to accompany the big show.

Plano Lions Independence Day Parade (July 4). The Plano Early Lions Club, named 2012-2013 District Club of the Year,  is hosting its 34th annual Independence Day parade. It begins the Plano ISD Administration Building and end at Plano Senior High School.

Stars and Stripes Southlake (July 3). There will be live entertainment, candy art, balloon artists, crafts, games, an inflatable obstacle and fireworks. Are you still with us?

Red, White and Boom (July 4). The day will kick off with a parade and car show, followed by food, family activities, live entertainment and last but definitely not least, fireworks.

Restaurant Parties 

Brass Knuckle Corn Dog Beatdown at The Libertine  (July 4). I can’t really vouch for the tastefulness or subtlety of this event, but it should be entertaining, if not a little stomach-turning at times. Now in its sixth year, the contest includes the totally safe combination of corn-dogs and tequila. Warning, there are no fireworks involved here, save for whatever happens to the major organs of the contestants.

Driftwood Anniversary Lobster Boil Bash  (July 3). Kick off your Fourth of July festivities early by joining Driftwood for an anniversary lobster dinner. Dinner will include wine and beer pairings, and this sounds like a lovely respite from the bang-happy proceedings elsewhere in town.

Fourth of July at Double Wide  (July 4). As with many holidays, the Double Wide becomes an unofficial safe place once the formalities of the day are over. Expect some rowdiness, along with performances by Pink Smoke, Gabriel Mendoza, and more.

Taking Stress Out Of Home Buying

New home search fulfilled – THIS is the objective!!

By: Hank Bailey
From: Realty Times,
January 2014
Full Article








Buying a home should be one of the most fun times of your life, not stressful. As you look for your first home, next home, or dream home, keep in mind these tips for making the process as peaceful as possible.

  • Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the Buyer’s Agent you chose is both highly skilled and a good fit with your personality. One thing to look for is responsiveness. Looking at sites with agent reviews like Zillow is a good way to see what others have found from their experience regarding agent responsiveness, local knowledge, process expertise, and more!

  • Remember, there’s no “right” or perfect time to buy. When you find that perfect home, don’t try to second-guess interest rates or the housing market by waiting longer — especially if your purchase timeline is for 3-5 years or longer or you risk losing out on the home of your dreams. In a low inventoried market like we are in right now with less than 4 months of housing supply in much of our market, this can cause others to jump in and make offers and you might miss out! Zillow is predicting housing prices up 4% nationally this year so the 2014 housing market probably won’t change fast enough to make that much difference in price except for up, and a good home won’t stay on the market long. Last fall mortgage rates showed us just how quickly they can go up! Rising 150 basis points or so from the lows of last summer, we now see rates in the 4.5%-4.625% range and probably moving higher over the next six months. As the economy perceptively improves so will mortgage rates move higher!

  • Know that no house is ever perfect. I have built homes before that I still saw things I would change or do differently next time. If it’s in the right location, the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the roof needs repair. Make a list of your top priorities and focus in on things that are most important to you. Ask the seller to address them upon inspection and prior to closing or if unimportant, let the minor ones go.

  • Don’t try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price in a market like this one where inventory is so low we are back in a “Seller’s Market” or by refusing to budge on your offer may cost you the home you love. Negotiation is give and take and meeting in the middle! This is a distinctly different market than it was 2-3 years ago when there was 15-18 months’ supply of housing sitting on the market and aging rapidly with high days on market. Seeing in certain areas of our market homes going under contract in “days” once again!

  • Plan ahead and “first things first!” Buyers contact me every day wanting to know when we can go see a specific property! I always try and educate Buyers I work with that the first thing that needs to be done, is to get pre-qualified for a mortgage. Takes minutes and hours not days anymore! Most of the time it can be done online without ever having to go to a mortgage company or bank! Don’t even need financial docs most times to get pre-qualified! The lending process is drastically different than it was 6-8 years ago. If it has been that long (or longer) since you last purchased a home, don’t assume because it was no problem before to get financing that today is going to be the same. Also, and this is important for first time home buyers, getting a mortgage is more than having a good credit score and a job! It is about a combination credit score, “documented income,” access to down payment funds, and falling into a precise range of “debt to income” ratios that determine how much house you can afford! Waiting until you’ve found a home and made an offer to get approved for a mortgage, investigate home insurance, and consider a schedule for the home inspection is too late! Too, it makes your offer weaker, and in the presence of this being a “Seller’s Market” once again with multiple offers, low inventory, and homes not staying on the market long it might cause you to miss that purchase you are looking to make on that next, first, or dream home because you weren’t ready to fully make the strongest offer you could. Presenting an offer contingent on a lot of unresolved issues will make your offer much less attractive to sellers.

  • Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be costs. Don’t leave yourself short and let your home deteriorate.

  • Look at differences in MI or Mortgage Insurance. Most are still going FHA. FHA mortgage MI has gotten much more expensive over the past six months. Look at differences between FHA and a Conventional mortgage as to whether you can qualify and the cost of doing both!

  • Accept that a little buyer’s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big financial commitment. But it also yields big benefits. Don’t lose sight of why you wanted to buy a home and what made you fall in love with the property you purchased.

  • Choose a home first because you love it; then think about appreciation. While U.S. homes are expected to appreciate at an average of 1-2 percent annually above inflation between now and 2020 from one report I recently read, a home’s most important role is to serve as a comfortable, safe place to live.

  • For more information about the home buying process please contact me! Let me take your stress so you can relax and enjoy your new home!

    Housing Outlook, 2014: Home Prices Head Higher

    By: Pat Mertz Esswein
    From: Kiplinger’s Personal Finance, January 2014
    Full Article

    The housing recovery has pushed up home prices nearly everywhere. Over the past year, home prices rose in 225 of the 276 cities tracked by Clear Capital, a provider of real estate data and analysis. (See how home prices are shifting in 276 metro areas.) Prices nationwide rose by 10.9%, pushing the median price for existing homes up by $30,000, to $215,000. For people who have waited to sell their home or refinance their mortgage, that’s good news.

    SEE ALSO: The Outlook for Mortgages

    Rising home prices in Seattle enabled Mike and Kristin Litke to refinance their first mortgage last summer and pay off a second mortgage that had an 8.2% interest rate. The Litkes, who bought their three-bedroom, 1.5-bath home for $512,500 in 2007 at the peak of Seattle’s housing market, had used the second mortgage to avoid paying private mortgage insurance. In 2010, just as home prices in the area hit a trough, they refinanced their first mortgage to a 30-year fixed rate of 4.375% but were stuck with the second mortgage because they didn’t have enough equity to do a “cash-out” refi.

    This time, however, their home appraised for $521,000, allowing them to refinance into one 30-year, fixed-rate mortgage of $416,800 at 4.25%. They have reduced their monthly payment by $360, giving them some wiggle room in their budget and providing an infusion of college-savings funds for their kids: Stephen, 3½, and Stella, 10 months.

    What’s Ahead

    In 2013, a sense of urgency drove traditional buyers hoping to take advantage of still-affordable home prices and historically low mortgage rates. Buyers found selection limited, and were often forced into bidding wars with investors and other buyers who paid cash. Sellers reaped the rewards in terms of quick sales, often above the asking price. Almost half of the cities tracked by Clear Capital experienced double-digit increases in home prices, led by Las Vegas, with a gain of 32%. Such spikes reflected a continuing “correction to the overcorrection,” says Alex Villacorta, vice-president of research and analytics for Clear Capital. Buyers and investors rushed in to snap up homes with prices that had fallen too far. Homes continue to be affordable, despite recent run-ups—on average, prices are still 31.5% below their 2006 peak. The percentage of monthly family income consumed by a mortgage payment (assuming a mortgage rate of 4.1%) is just 15.6%, on average, compared with 23.5% in mid 2006. “Houses are very cheap,” says David Stiff, principal economist at CoreLogic, a property and mortgage data analytics company.

    Dallas Plans New Farmers Market

    View from Taylor and Pearl

    View from Taylor and Pearl

    Re-blogged from: http://city hall blog.Dallas news.com

    By Robert Wilonsky
    rwilonsky@dallasnews.com
    8:40 am on December 2, 2013

    Update at 10 a.m.: As expected, the Economic Development Committee voted to send the Dallas Farmer Market’s five TIF agreements to the full council for a December 11 vote. But that was after an hour-long discussion during which council member Jerry Allen wanted to make sure the new ownership group wasn’t just building a “an apartment development around an entertainment thing called a farmers market.”

    Said Allen, he was especially concerned about the loss of Pecan Lodge, which is moving to Elm Street in Deep Ellum.

    ” That’s one of the top barbecue spots in Texas, but it’s an attitude,” he said. “Those guys attract so many folks to the market. That creates an attitude. When we lost that deal that perked my ears up.” He asked Brian Bergersen to explain his “true vision” for the market.

    “We’ve always said the most important part of this redevelopment is Shed 1,” Bergersen told him. “That is the farmers market. The retail and restaurants compliment that. But the most important part of the farmers market is making sure we have fresh produce and it’s year-round.”

    He said they have a coordinator working with farmers, and that they’re attempting to bring back folks who’ve left in the last couple of years. Council member Rick Callahan also wondered what constitutes a “local farmer.” Said Bergersen it’s someone within 400 miles, but they’re hoping to limit that to 150 miles — though they will bring in “fresh” produce that’s not necessarily grown in Texas during peak seasons. At which point he mentioned Hatch chilis, because Central Market.

    He also reminded the council that on its eastern side, Shed 1 will have a band shell — and it’s being developed and assembled by none other than Angus Wynne.

    The committee was concerned about spending so much public money on a single project in an area of downtown lacking density — but not concerned enough to delay sending the item to council.

    Dallas, though, needs to “connect the dots” between Victory Park, the Perot and the market, said chairman Tennell Atkins, reiterating one of his favorite themes.

    “Right now there is a disconnect between the farmers market and the Arts District,” he said. “That’s something we need to do — infrastructure. The market is sitting on an island by itself.”

    - See more at: http://cityhallblog.dallasnews.com/2013/12/a-very-specific-look-at-the-upgraded-dallas-farmers-market-and-how-it-will-be-funded.html/#sthash.M04hjKlo.dpuf

    10 Questions for Purchasing a Condominium

    Condo living in Uptown Dallas

    1. How long will I be there?
      Purchasing a condominium is like any other real estate purchase. You’ll need to own the Condo for at least a couple of years in order to recoup the closing costs. For shorter term needs, leasing may be a better option.
    2. What amenities are offered at the complex?
      There are a broad array of potential amenities to a condo complex. Some are sparse with simple covered parking and a little landscaping. Others have grand work out facilities, picnic/barbeque areas, work out facilities, playgrounds, pools, common libraries, media centers, laundry facilities, etc. Determine what extras you are looking for before you begin your search.
    3. What are the current condo market conditions?
      The condo market may be quite different from the single family housing market at any time. And like all real estate, the location of the condo will also make a large difference in the value of the unit. Study recent sales in the neighborhood and building you are seeking. Be sure to account for the differences in amenities between the complexes/buildings when studying these figures.
    4. What is the reputation of the building you are considering?
      Different condominium buildings/complexes have different senses of community. There are many buildings that are principally owner occupied, while others have a stronger tenant base. Some communities have very stable populations while others see more turnover. For example, condo complexes closely located to a large university will likely have a younger population and frequent turnover as students move in and out each year. Determine the characteristics that are important to you and talk to some of the neighbors.
    5. Do the owners get along, or are they at each others throats?
      Condominium ownership is a cooperative community effort. The common areas and structures of the community are supported by payments from all of the owners. By requesting copies of the HOA minutes, you can get a feel for how unified the residents are. No one wants to move into an atmosphere of strife and turmoil. Look to see if there are any hot issues that are burning in the community.
    6. How well funded is the HOA?
      As an owner, you are ultimately responsible for the common maintenance of common amenities and structures. You will pay a monthly HOA fee representative of your “fair share” of these costs. In the event that major repairs or maintenance is required, a special assessment may be charged of all owners
      if the HOA account does not have sufficient balance to cover the expense. You will want to make sure that the HOA is financially sound so that you don’t get hit with an immediate assessment upon buying into the property.
    7. What is the history of Special Assessments?
      Request the Special Assessment history for the last ten years. Take a look at the patterns that have emerged. A well managed condominium should not see regular special assessments.
    8. Are you comfortable with the association rules and by-laws?
      Closely review the rules of the community and make sure that your lifestyle matches with the community that they have developed. Talk with the condo association and the residents to see how closely these rules are enforced. This will be the community that you are joining. You will want to be sure that you like the structure set in place, and that it actually occurs.
    9. What are the parking arrangements for guests?
      As an owner, you will have parking for your vehicles. You will be limited in how many vehicles you can park on the property. Generally, guests will be directed to specific parking places. In some complexes, that parking available for guests may not be either convenient or plentiful. Make sure you understand how parking works, and that it is sufficient for your lifestyle. This seems to be one of the leading sources of aggravation in a condominium community.
    10. Who actually manages the condo property, and what services do they provide?
      Some condominium complexes are self-managed by the owners while others employ a professional management company. For owner occupants, the idea of self-managing can be quite appealing. Who has a more vested interest in the property than the unit owners that live there. For landlords, it is frequently easier to deal with a professional management company than with local owners. Along with association management, be sure to also explore association insurance. Make sure that in the event of catastrophe your investment is protected.

    Right Size Your Life – The Time is NOW!!

    Another home SOLD by Keller Williams

    It has been a banner year for real estate sales in the DFW market. We are experiencing activity levels not seen in many years, and events with which many agents are not familiar. In Collin County, homes priced in the typical range for first time home buyers are receiving multiple offers, frequently on the day which they are listed. During a recent search in which I represented the Buyer, I had conversations with several listing agents indicating they were unfamiliar with how to handle the influx of offers they were receiving. It has been many years since homes attracted multiple offers, and quite frankly, agents who have only been in the market for 3-5 years have never experienced this phenomena.

    In east Dallas, the activity levels are also similar. I had the pleasure of representing a Seller who was able to convey their existing home at the highest $/square foot seen in over 5 years. This allowed them to purchase a much larger home, and they got a great deal on the mortgage. For while sales prices are high, interest rates are still at historical lows. This combination makes today the perfect time to right size your life!

    Whether you need to increase the size of your living space, or step down into a smaller home and save a little money, there has never been a better time to act.

    Our Sacred Honor

    As tomorrow is 236th anniversary of our separation from the tyranny of King George, I found myself reading the Declaration of Independence for the first time in many years. I am struck by a number of powerful thoughts in this document:

    a) When in the course of human of events it becomes necessary… Quite simply, this is a big deal. In fact the change is so significant that the signers felt absolutely compelled to provide a thorough explanation of grievances. No hiding, no subversion. They had the absolute courage to stand up and say “this is wrong and we are going to change it”.

    b) We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness… Now, here’s our beliefs. These are the things that above all must remain true.

    c) But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security… And since you have seen fit to disregard and trample upon the most basic rights of humanity, we have no other choice than to force a change. This is not a “wouldn’t it be nice” decision, rather, this is a compelling obligation.

    d) And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor. We are so firmly committed to this decision that we will stake EVERYTHING to see it through.

    The passion, clarity and commitment these men held to our well being is staggering. They had about as much chance of being successful as would Chad, Sierra Leone or Burkina if they launched a war with the United States today. Yet they believed in what they were doing, had a vision for a great country, and they pressed forward despite insurmountable odds.

    So, remember these men tomorrow. And the next day, take a mere fraction of their passion into your community and make it a better place. It’s the least we can do to honor the memory of those who gave us so much.

    Full text of the Declaration of Independence

    Golf Course Real Estate Still Has a Pulse in the Heart of Texas

    Aerial View - Ols AMerican Golf Course

    Aerial View - Old American Golf Course

    For many, it’s the American Dream: Life, Liberty and the Pursuit of… Golf Course Living. In 2011, the first Baby Boomers turn 65 and the demand for golf course real estate in Sunbelt states will likely skyrocket as Boomers look for homes in a climate conducive to their hobby.

    But those who have long dreamed of living adjacent to fairways and greens could be disappointed. Development of a golf course community is exceedingly rare in this slumping economy. After almost two decades during which new golf course communities spread like wildfire across the Sunbelt, both the real estate and golf industries have suffered major setbacks.

    In 2010, builders started on 15,000 homes in the Dallas-Fort Worth area, according to Ted Wilson of Residential Strategies, Inc. That’s down nearly 70% from the 51,000 housing starts in 2006.

    New golf course construction has also taken a major hit. The overbuilding of courses in the 90’s and early 00’s oversaturated the market. When the recession descended upon the industry, many courses were forced to close, some in the middle of construction.

    With every rule, however, there is an exception. In 2010, only one course opened in The Metroplex. What vaults this course from exception to veritable anomaly is it is part of a residential community.

    The Old American Golf Club, located in The Colony’s The Tribute Resort Community, opened its doors to public play in September 2010. In addition to fairways, greens, bunkers and water hazards, The Old American features brand new residential lots alongside select sections of the course and dozens more just off it. In the desert that is the current landscape of new golf course development, The Tribute is an oasis, affording golfers the opportunity to live alongside the game they love.

    The Old American and The Tribute were brought to life by Matthews Southwest, a DFW-based developer that has transformed The Metroplex’s real estate market through urban redevelopment and suburban lifestyle development. In The Tribute, Matthews Southwest saw the opportunity to deliver a suburban community where people could enjoy their hobbies right outside their front door. The community’s location on the shores of Lewisville Lake, combined with The Old American and The Tribute Golf Club (opened in 2005), has provided residents with access to golf, boating and fishing.

    Even in the down economy, builders and homeowners have pounced on the opportunity The Tribute presents. Matthews Southwest reported a more than 100 percent year-over-year increase in residential lot sales at The Tribute in 2010. The community’s 1,150 acres showcase many of North Texas’ most prominent and distinguished builders, offering home designs that emphasize the Old World-themed atmosphere of The Tribute and begin in the 240’s.

    As Baby Boomers and golf enthusiasts search for a place to live in harmony with the game they love, they may be hard up as developers and builders continue to tighten purse strings. However, The Tribute serves as proof that golf course real estate still has a pulse in the Heart of Texas.

    How To Best Determine The Value of Your Home

    The best tool I have for determining the value of your home is called the Comparative Market Analysis (CMA). When performing a CMA, there are three big questions that I attempt to answer: a) At what price are homes actually selling?; b) What is the competition seeking in terms of price?; and c) How much is too much? The answers to these questions come from three different types of data.

    Homes recently sold will give you an answer to the first question. You normally will find a range of sold prices. At the low end are homes that were not in very good condition, and in a neighborhood that is rejuvenating, this may in deed be the value of the lot. At the middle of the range are homes that are structurally sound but still need cosmetic updating. At the high end of the range are the homes that have been remodelled.

    The answer to the second question comes from active properties. Here you can see where the competition is priced. In a neighborhood undergoing rennovation, it is very important to at least see pictures of these homes to determine the improvements that have been done.

    The final question is answered by homes that have expired. Generally, these homes expired because the seller was asking more in price than the market would bear for a home in that condition. They were asking too much.

    The art is to now place your home in the spectrum described. If your home is fully updated with new kitchen, baths, flooring, etc and is great structural shape then you belong at the top of the price list. In older neighborhoods I have heard these homes referred to as 1958 on the outside, 2011 on the inside.

    If your home is in average condition, meaning that it has been very well maintained, is clean, and may have a few updates then the value of your home is at or just above the average home value in the neighborhood.

    A final clarification on this process. It is vitally important to start with the right set of comparable homes. I generally define a neighborhood by looking at the boundaries formed by large roads, creeks, train tracks, utility easements or other barriers that suggest the edge of the neighborhood. In terms of the actual homes, I try to select homes that are within about 500sf of the target with a similar bed/bath count.

    What is the Difference Between Broker and Agent?

    A real estate BROKER is licensed to conduct a real estate transaction between a Buyer and a Seller and must be present in every transaction where real estate agents are involved. Most frequently, this person is the head of the real estate office where the agents work.

    A real estate AGENT is a professional with a license that must be sponsored by a real estate broker. They are the people that you as a consumer will encounter in the transaction. They work for the real estate broker, and can not complete a real estate transaction without the broker’s oversight.

    This creates an apprenticeship in the industry. In most states, a newly licensed professional must work for a broker for a certain number of years before they can qualify to become a broker themselves.

    There are also many very experienced agents who have never chosen to pursue a broker’s license. They like working “in the field” as real estate agents, rather than running an office as a broker. They can be very experienced and may have amassed as much or more real estate knowledge than the broker that they work for, but prefer the job of working directly with Buyers and Sellers to that of an office administrator.

    So to make a long story short, the broker is the person that runs the real estate office. The agents are the people who work directly with the consumers in the transaction.

    Finally, there are some people who are licensed as Brokers, but still perform the role of an agent. This is usually the result of a preference for field vs. office work – at least that is the case with me.