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03-03-2010, 10:03 PM #1
Banned
- Join Date
- Jul 2009
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Difference between Broker, Realtor and a Real estate agent
Hi everyone,
Here is the difference between broker, realtor and a real estate agent.
A Real Estate broker and a Real Estate agent are two terms that you will hear from time to time. But what exactly is the difference between the two? For starters, an agent may be a person who works under a registered broker. Or in certain cases, a broker does not have anyone working under him and he prefers to be the agent as well. In most cases the person that you deal with when finalizing Real Estate deals is a Real Estate agent.
A Real Estate broker is its true sense is the party who acts as an intermediary between sellers and buyers of real estate and attempts to find sellers who wish to sell and buyers who wish to buy.
Both these people have licenses but the realtor/broker has more credentials to his name. The training and the experience that one needs in order to be a realtor is much more when compared to a Real Estate agent.
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03-04-2010, 01:19 AM #2
Fixer Upper
- Join Date
- Jan 2010
- Posts
- 42
very good post .... this is very clear information about that ….real estate agent and a real estate broker is the fact that they hold different licenses…. Although many people use the terms real estate agent and real estate broker interchangeably, a broker actually has more schooling and bears more responsibilities throughout the transaction… Since a broker has more education and experience, real estate agents actually work beneath the broker….
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