Tuesday, November 29, 2022

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difference between a realtor and a broker

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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.
What does a broker do?
A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
Is a realtor or broker the same?
Brokers are real estate agents who have completed additional training and licensing requirements. ... A Realtor is a licensed real estate agent or broker (or other real estate professional) who is a member of the National Association of Realtors (NAR).