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Diffences Between a Tooele County Real Estate Agent & a Broker?
Diffences Between a Tooele County Real Estate Agent & a Broker? What is the Difference Between a Tooele County Real Estate Agent and a Broker?
You’ve probably heard the terms real estate agent, broker, REALTOR®, listing agent and buyer’s agent. But do you know what they mean and the differences between them?
Here are the definitions of terms you may encounter on your Tooele County real estate agent search:
1.Real estate agent: Agents are licensed sales people. They are not real estate brokers. In fact, they must work for an employing broker and cannot work independently. An agent works under the broker's guidance and legal protection. Real estate agents are required to undergo education pertaining to real estate law and ethics.
2.Real estate broker: A real estate broker has more education than an agent, they can work independently, and they can hire other real estate agents. While many of the responsibilities of an agent and a broker are interchangeable when it comes to customers, the role and qualifications for each are incredibly different. Typically, a broker is more of a manager for a real estate company. Brokers have to undergo more extensive education than agents in relation to business management.
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