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Difference Between Real Estate Agent and Real Estate Broker
The real estate industry continues to grow and thrive. For each transaction, both buyer and seller have a representative that works on the negotiations, legal work and closing. These representatives are compensated well, especially for larger transactions that are more complex and have a smaller market of people. There are two main types of representatives including a real estate agent and a real estate broker. Each of these jobs have different licensing requirements and responsibilities. However, they share the same fundamental goal of completing as many property sales as possible. 

Real Estate AgentReal estate agents are licensed to sell homes and take a commission percentage from the sale. They have to fulfill all of the standard tasks including helping market the property (or represent the buyer), advertising, dealing with inquiries and negotiating the sale. They must work on the closing documents, the title transfer and the trust account. However, the agent does not work for themselves. They work in an agency in an employee capacity and follow the instruction of the real estate broker that they work for. Ultimately, the broker has final say on how to market the property, negotiate and close the deal. For that reason, many real estate agents ... more

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