It’s time to buy or sell a house. You jump online to find a representative who can help you navigate the world of real estate. Some identify as a real estate agent,
What is the difference between a real estate agent and a real estate broker?
Real Estate Agent
A real estate agent is someone who’s licensed to sell property in their state. Requirements for licensing usually involves taking classes and passing a state-administered exam.
Generally, a agent helps buyers throughout the home-buying process, from showing you homes, submitting purchase offers, finding the right house to the closing, negotiating with the seller, writing up the sales agreement and arranging the closing.can act on behalf of the buyer, the seller or both (thought this is not legal in all states and requires the consent of both parties). A buyer’s
A seller’s agent (also known as a ) works with individuals who are trying to sell their home. Their job is to represent the seller’s interests, help in establishing a selling price, list the property, and conduct open houses and negotiating offers.
Real Estate Broker
A real estate broker is someone who’s licensed to run their own real estate company. The requirements to become a vary from state to state but in general, you need to have experience as a real estate agent, complete an advanced real estate courses and pass a state-administered exam. The day-to-day duties of a real estate broker may vary but their primary role is to act as a mediator for buyers, sellers and their respective agents.
The main difference between an agent and a broker is that real estate agents are employed by a real estate broker and are not allowed to work independently, whereas real estate brokers can work independently or employ one or more licensed real estate agents.