Real Estate Question: What’s the difference between a Broker and an Agent?

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Real Estate Question: What’s the difference between a Broker and an Agent?

You may find real estate titles a little confusing. Sometimes we use these titles interchangeably, but there are important differences between the roles of the professionals, as well as different requirements.

Titles for Real Estate Professionals: The real estate profession is regulated by state governments, which have different requirements for earning a license.

  • Real Estate Agent: Anyone who earns a real estate license can be called a real estate agent, whether that license is as a sales professional, an associate broker or a broker. State requirements vary, but in all states you must take a minimum number of classes and pass a test to earn your license.
  • REALTOR®: A real estate agent who is a member of the National Association of REALTORS®, which means that he or she must uphold the standards of the association and its code of ethics.
  • Real Estate Broker: A person who has taken education beyond the agent level as required by state laws and has passed a broker’s license exam. Brokers can work alone or they can hire agents to work for them.
  • Real Estate Salesperson: Another name for a real estate agent who has an introductory sales professional license.
  • Real Estate Associate Broker: Someone who has taken additional education classes and earned a broker’s license but chooses to work under the management of a broker.

A broker will step in if there are any problems! Real estate brokers not only have higher education requirements than real estate salespersons, but they must also have years of experience working as an agent.

[Ashley D. Stanley – Real Estate Broker/Owner/Founder with 13 years of real estate industry experience!!!]

2 responses »

  1. Super post. Let’s be honest I had no idea the difference in most terms. I did understand broker vs. agent but that’s it. Thank you for writing this.

    Like

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