Unless you’re immersed in the real estate world every day like we are, it can be tough to decipher the meaning behind all the industry jargon typically thrown around.

Not sure what the difference is between a brokerage or a team? You’ve come to the right place.

First Things First…Why Does It Matter?: The important distinctions between teams and brokerages aren’t just formalities…they’re fundamental factors that could impact your homebuying or selling journey.

What’s A Team?: A real estate team is a group of people, most or all of them licensed agents, who serve the same group of clients under one united brand. Teams can comprise just a handful of people, or can stretch to dozens or even hundreds of team members, especially if the team leader expands into a new market.

How Are Team Duties Divided?: Some team leaders divide up team member duties exactly and specifically, while others are looser in their approach. But most of the time, team duties are clearly defined; every team member knows exactly what their scope of responsibility is and where their other team members will be expected to pick up the slack.

Usually, teams are divided into buyer’s agents, listing agents, and the support staff, which can include listing coordinators, marketing specialists, administrative leads, operations professionals, and more.

What’s A Brokerage?: A firm that provides intermediary services in purchasing or selling real estate. Agents belong to brokerages in order to practice real estate, although they’re considered independent contractors rather than employees. Wondering which brokerage we belong to? Compass, a company that’s revolutionizing the way people search for and sell homes.

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➤ Interested in learning more working with a real estate agent for your next transaction in DC? Have a look at these posts:

• Why Work With An Agent To Buy Your Next Home?
• What To Look For In A Real Estate Agent
• Why Your DC Real Estate Agent’s Approach To Marketing Matters

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More About Compass: Compass is building the first modern real estate platform, pairing the industry’s top talent with technology to make the search and sell experience intelligent and seamless.

A Brokerage Of Unparalleled Agents: As an innovative residential real estate firm, Compass empowers agents so they have more time to spend on their clients. With the solutions-driven mindset of a startup and the sophistication of a luxury brand, Compass is the future of real estate.

A Tech Company Reinventing The Space: To lead the industry requires the smartest tools built by the brightest minds across engineering, design, and strategy. Through their proprietary platform, Compass is changing how agents and clients navigate the process of finding or selling a home.

With Compass agents now serving vibrant communities across the entire US, Compass is now the country’s largest independent real estate brokerage.

Got more real estate questions on your mind? We’re here to help! Book a consultation here!