A real estate agent is a person who helps clients to buy, sell or rent real estate. A real estate salesperson's licence is the official term for a real estate agent's licence. Therefore, the terms real estate agent and real estate salesperson are often used interchangeably. They basically mean the same thing.
An associate real estate agent has the same licence as a broker, but works for another broker as a salesperson. Although being a broker has its advantages, it also means having all the responsibility. To sum up what a real estate agent is versus a real estate broker, a real estate agent is a real estate professional with a valid license. Agents help people to buy and sell both commercial and residential properties.
Agents can also become Realtors, active and paying members of the National Association of Realtors (NAR). In this sense, there is generally no difference between real estate agents and Realtors, except for the distinction between NAR members and non-members in terms of professional obligations. Agent, let's take a closer look at the role of an estate agent, followed by the role of an estate agent and the qualifications required for each. Real estate agents usually have to practice for several years before they can sit for the agent exam.
Brokers are responsible for managing real estate companies and their agents, ensuring compliance with the law and reviewing contracts. They must consider the fundamentals of running a business, such as how much to invest in marketing, how to control office costs and what policies to have for agents. If you have ever bought a house or signed an office lease (or talked to someone who has), you have probably heard the terms real estate agent, broker and (perhaps) sales agent. This influence can go a long way toward better legal protections and benefits for real estate agents across the country.
A real estate agent is anyone who has completed the three pre-licensing courses and passed the state exam. However, unlike an agent or salesperson, a broker can legally sign sales contracts and do anything that involves that real estate transaction. Any type of buyer or seller should consider working with a real estate professional because of the unique skills and knowledge they can offer. Bound by the NAR Code of Ethics, real estate agents promise to be transparent and honest and to uphold the interests of their clients in all transactions.
Once licensed, salespeople are qualified to work in the industry, although they must be supervised by a licensed real estate agent. While the difference between a real estate agent and a real estate broker comes down to professional certifications, the difference between a broker and a real estate agent is much more significant. Real estate agents earn money through commission every time they help clients successfully buy or sell a home. A real estate broker is a real estate agent who continues his or her education and successfully receives a real estate broker's license from the state.