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.
What is the difference between brokers and realtors?
Key Takeaways. Real estate agents have a professional license to help people buy, sell, and rent real estate. They must work for a sponsoring broker or brokerage firm. Brokers are real estate agents who have completed additional training and licensing requirements.
Do brokers make money from real estate agents?
Brokers earn a percentage of the commission earned by the agents they sponsor or 100% of the commission from their own deals.