What is the difference between a broker and an agent?
In real estate, an agent is an individual who is licensed to sell property in their state. A broker is someone who is licensed to own their own real estate firm. A real estate agent cannot work on their own, they must work under a licensed broker.
Do brokers make money from agents?
Brokers earn money two ways: A percentage of the commission earned by the agents they sponsor. One hundred percent of the commission from their own deals.