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This question is about what a real estate broker does, what an agent does, and real estate broker.
Real Estate Broker vs. Agent
A real estate broker is someone who works to negotiate and arrange real estate deals between a client and a seller, while an agent is a real estate professional that assists and represents clients during the buying, selling, or renting of property.
A real estate broker can work independently or at a real estate brokerage firm with real estate agents working under them. At brokerage firms, they are responsible for recruiting, training, and managing real estate agents. They also supervise real estate transactions. However, their key function is to serve as an intermediary between a buyer and a seller of property.
A real estate agent works at a real estate company. They provide guidance to their clients in the process of buying, selling, or renting a home. Another key duty of an agent is to organize and submit paperwork for their clients. They may also facilitate contract negotiations for their clients.
Here are the key differences between a real estate broker and a real estate agent:
A real estate broker must pass a broker license exam
An agent works under a real estate broker
A real estate broker can work at a firm or independently
An agent can only work at a real estate firm
Real estate brokers make higher salaries and commissions than agents
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