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Real Estate Agent Vs Real Estate Broker

Real Estate Agent – A licensed real estate salesperson. Real estate agents work under the supervision of a real estate broker and are licensed by the state/province to perform real estate services for a fee.

Real Estate Broker – A real estate professional licensed by the state/province to sell real estate, and to supervise other licensees, both salespersons and brokers. The principal broker of a real estate business is generally responsible for the acts of the licensees under him or her. The real estate broker’s license is often more difficult to obtain than a salesperson’s license, sometimes entailing a minimum work experience period and a more extensive test.

Posted under Real Estate Terms

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