What’s the Difference Between a Broker and a Client Advisor? - Voit Real Estate Services (2024)

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The truth is experience matters. For over 50 years, Voit has developed a reputation for excellence in Southern California commercial real estate.

And although we’re in the CRE brokerage business, the title ‘broker’ doesn’t quite cover what our professionals do for our clients. As a result, we like to refer to our brokers as “client advisors”.

For those who aren’t familiar with the term “client advisor”, we’re here to help—and to explain how they make Voit different.

What is a Broker?

By definition, a broker is “a person or firm who arranges transactions between a buyer and a seller for a commission.” Although this definition is not inaccurate, at Voit we believe there’s so much more to being a broker—or client advisor, as we call them.

Brokers are transactional in nature, focused on their own business rather than the client. Brokers tend to approach partnerships with the question “what’s in it for me?” in mind.

Moreover, brokers are hyper-focused on the commission, completing a lease or sale without the intention to necessarily repeat business with a client.

What is a Voit Client Advisor?

Here’s how client advisors are different from brokers…

Voit client advisors are relationship-focused as opposed to transactionally focused. Client advisors work with a long-term perspective in mind and are creative to reach the clients’ objectives whereas brokers tend to go with the easiest, quickest path just to get a deal done and move on to the next.

At Voit, our client advisors are fiduciaries to their clients. Client advisors, in fact, will usually have some kind of engagement agreement with the client to ensure we’re representing their best interest.

Eric Northbrook, Executive Managing Director and Partner at Voit San Diego, puts it this way: “When you work with Voit, it’s really a personal relationship.”

“We are not transactional,” he continues. “We are relationship-oriented. I know that phrase gets overused but it’s really the truth. We take the time to really understand your business first before we do anything.”

Understanding one’s business and its unique needs are fundamental to Voit and how we serve. “If we don’t understand the business,” says Northbrook, “We’re just taking you out in the car and now we’re a glorified tour guide!” he laughs. “That’s not who we are.”

Our client advisors at Voit have a deep knowledge of the markets in which they operate. This considered, they have the ability and skill to adjust course very quickly as the market demands.

As for location, client advisors don’t have geographic boundaries in which they must stay, as some brokers do at other firms. As a result, our client advisors can support clients in any market that they are interested in exploring.

Lastly, Voit is a broker-owned firm, which means that every decision is made with the clients in mind—not for shareholder profit, like in the case of many publicly traded firms.

For all of these reasons, we brand our brokerage professionals as client advisors.

What’s the Difference Between a Broker and a Client Advisor? - Voit Real Estate Services (1)

Voit Culture

So, we’ve got our client advisors, but what’s the additional difference between us and the larger firms you might see championed around Southern California? “We have a lot more fun here!” says Northbrook.

Our brokers are some of the happiest, most well-supported CRE brokers in this industry. But how do we know this? We listen. We trust our client advisors to keep us on the cutting edge of efficient practices and technologies.

Voit is the place our professionals choose to stay. Read on to learn why we don’t require long-term broker employment contracts at Voit.

At Voit, we offer a variety of services, including:

  • Landlord and owner services
  • Tenant and buyer services
  • Investment advisory services
  • Debt and equity services

Voit is here as a resource to help and provide solutions.

We do this by keeping our three fundamental core values close to us:

  1. Relationships
  2. Value
  3. Transparency

Our service-first approach is all about building relationships, and our extensive network of working relationships is at your disposal from start to finish. Our resources are your resources, no matter how simple or complex the transaction might be.

Additionally, the culture instilled in our client advisors is centered on being good listeners who are open to feedback because, at Voit, we value transparency and integrity.Read on to learn more about the importance of company culture at Voit, plus how it affects productivity.

What’s the Difference Between a Broker and a Client Advisor? - Voit Real Estate Services (2024)

FAQs

What’s the Difference Between a Broker and a Client Advisor? - Voit Real Estate Services? ›

Voit client advisors are relationship-focused as opposed to transactionally focused. Client advisors work with a long-term perspective in mind and are creative to reach the clients' objectives whereas brokers tend to go with the easiest, quickest path just to get a deal done and move on to the next.

What is the difference between a broker and an advisor? ›

A broker-dealer is a firm or individual licensed to sell individual securities. Typically, a broker-dealer also files a notice of which securities it will sell. An investment adviser cannot sell securities but acts more like a consultant, giving advice on what securities a person should invest in.

What is the difference between a broker and a real estate agent? ›

Key Takeaways

Real estate agents are licensed to help people buy, sell, and rent real estate and must work for a sponsoring broker or brokerage firm. Brokers have additional training and licensing requirements and can work independently or hire other real estate agents to work for them.

What is a client advisor? ›

Client advisors offer business or investment advice to help guide clients in making critical decisions. They assess risk and suggest strategies designed to minimize or mitigate losses in the event of an unplanned negative event.

What is a client broker? ›

: a broker's employee who takes buying and selling orders and seeks to induce trading by advising customers and maintaining friendly relations with them.

What is brokerage vs advisory services? ›

Key Takeaways. Investment advisers are paid a flat fee or percentage of AUM to advise clients on securities and/or manage portfolios. Brokers are paid commissions to execute trades or buy and sell assets for clients.

How are advisors and brokers paid? ›

Many fee-based advisors not only receive pay from clients but also earn commission from brokerage firms, mutual fund companies, or insurance companies when they sell products. Fee-only advisors are a subsect of fee-based advisors who do not earn commission, so they are exclusively paid by clients.

Is it better to have a broker or not? ›

A Broker May Save You Legwork

Mortgage brokers have regular contact with a wide variety of lenders, some of whom you may not even know about. They also can steer you away from certain lenders with onerous payment terms buried in their mortgage contracts.

What do brokers do? ›

A broker is a person that facilitates transactions between traders, sellers, or buyers. Think of a broker as a middleman who ensures transactions can run smoothly and that each party has the necessary information. Brokers exist in many industries, including insurance, real estate, finance, and trade.

Is a broker the same as a seller? ›

The main difference between a salesperson and a broker is that a broker has additional training and experience and the broker may work independently where a salesperson must work under a broker. Before someone can become a real estate broker, they usually must have a few years of experience.

Is it hard to be a client advisor? ›

Is it hard to become a client advisor? Venturing into a career as a client advisor may not be overly complex, but it certainly demands certain qualifications and experience. Typically, you would need a bachelor's degree, preferably in a field related to business , economics or finance.

What is the objective of a client advisor? ›

Client Advisors provide information and help to customers. Essential duties of a Client Advisor are promoting the company, suggesting products and services, answering to client inquiries, referring customers to someone senior should they need it, and reporting to supervisors.

What does a Customer Service Advisor do? ›

The primary responsibility of a Customer Service Advisor is to answer customer enquiries and resolve customer issues in an efficient and timely manner. This may include providing information about products and services, taking orders, processing payments, addressing complaints, and troubleshooting technical issues.

What is the primary relationship between a broker and client? ›

The primary relationship between a broker and client is the

agency relationship.

Why would someone use a broker? ›

A broker will be able to offer you practically the entire finance market. If you want a home loan, a quality broker can identify the most appropriate loan for you, normally from over 30 lenders. A banker can offer one set of products from their own bank, nothing else.

How does a broker make money? ›

Generally, brokerages make money by charging various fees and commissions on transactions they facilitate and services they provide. The online broker who offers free stock trades receives fees for other services, plus fees from the exchanges.

Why would someone have a broker? ›

A broker is a person or company authorized to buy and sell stocks or other investments. If you want to buy stocks, you will almost always need a broker — essentially, a middleman — to place those orders on your behalf.

Is it better to hire a broker or agent? ›

For real estate investors, hiring brokers to negotiate and close a deal on a property is much easier and is less of a hassle for the buyer and the seller. This way, the agent is articulate and objective in the way they negotiate a discount to get a really good deal on your investment property.

Is an insurance advisor the same as a broker? ›

An Insurance Agent works for a company and thus represents it. However, an Insurance Broker/Advisor is chosen by you, the buyer, so they will always represent you and not any of the company policies they present to you. An Insurance agent works for the company, while a broker works independently.

Is it better to go through a broker? ›

A broker can make the mortgage experience easier but they don't have access to every lender. Doing it yourself takes more time, but when you've found the right loan and lender, you might end up with a better deal. A broker works on your behalf through a multitude of mortgage options, comparing rates, fees and features.

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