Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Good Idea!
The ultimate marketing tool

Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28270040
No new orders today 13101785
Stupid MLS comments. 3276669
What do you know about Froy Candelario, top agent in USA 1189439
Stupid QC comments and BPO requirements. 1061115
New HUD Listing Brokers---Any Update? 1028137
Is there religious content in Buffini class? 822595
Let's talk about our cars 670961
Name that Flick. Great movie Lines. 602702
Pay it Forward - BPO/REO Tips & Tricks I & II 592386
Most common items found at an REO 575958
EML 459232
REOTRANS 440734
Main Street 419423
asset val seminar in colorado 407149
assist 2 sell or 1 percent realty? 340437
HOMONYMS - There, Their, and They're 306768
Evalonline 300191
Land America 285052
Mainstreet 261859
Matched Content
Page 1 of 3 1 2 3 >
Topic Options
Rate This Topic
#396819 - 12/14/11 04:06 AM Real Estate Agent And Broker ***
RockleAchhari Offline
Member

Registered: 12/05/11
Posts: 16
Loc: US
What is the difference between a real estate agent and a real estate broker?


Edited by RockleAchhari (12/14/11 04:20 AM)

Top
Advertisements
#396823 - 12/14/11 05:05 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7717
Loc: Vermont's North-East Kingdom
Originally Posted By: RockleAchhari
What is the difference between a real estate agent and a real estate broker?

An Agent (Salesperson) works under the auspices of a Broker, who is vicariously responsible for the actions of the Agent. An Agent is NOT Licensed to act alone; but receives his/her authority ONLY "through" the Broker who holds his/her License.

I consider being an Agent tantamount to being an Journeyman Apprentice working under a Tradesman. With certain documented "experience" the Agent can then seek to be licensed as a Broker.

The details of how this procedure works and what constitutes "experience" varies by jursidiction and Licensing Authority . . . . which is charged with the responsibility for protecting the Public Interest from newly licensed and inexperienced Real Estate Agents.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#396867 - 12/14/11 03:44 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Andy Perkins Offline
Member

Registered: 05/14/10
Posts: 317
Loc: Los Angeles
At least locally, there is no legal difference between a real estate broker and a real estate agent. Technically, the broker IS the agent, and ONLY the broker can have an agency relationship with a buyer/seller/landlord/tenant. The broker may choose to employ licensed salespeople to work under him/her who are authorized to perform acts requiring a real estate license; even so, the client's actual agency relationship is with the broker, not the salesperson.

In terms of day-to-day use, either a salesperson or a broker could be considered an agent. Since the education and experience requirements to get a broker's license are steeper, most "agents" here have a salesperson's license.

Top
#396997 - 12/16/11 05:01 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
RockleAchhari Offline
Member

Registered: 12/05/11
Posts: 16
Loc: US
Thanks Keep Touching.....
http://www.movepinellas.com/


Edited by RockleAchhari (12/16/11 05:07 AM)

Top
#397229 - 12/21/11 02:16 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
katherine123 Offline
Member

Registered: 12/20/11
Posts: 30
Loc: Connecticut
Hi,
Brokers are generally required to have more education and experience than real estate agents.

The person one normally deal with is a real estate agent or salesperson. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker's name, not the agent's.

A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or agents working for him or her.

Top
#397555 - 12/27/11 06:35 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Jessica123 Offline
Member

Registered: 12/19/11
Posts: 45
Loc: Glastonbury, CT 06033
Hi,
A [b]Real Estate broker[/b] is its true sense is the party who acts as an intermediary between sellers and buyers of real estate and a [b]Real Estate agents[/b] required to have certain credentials when it comes to acquiring a license but it is far lesser than a broker.

Top
#399015 - 01/17/12 01:09 PM Re: Real Estate Agent And Broker [Re: Moris Memo]
Bay Area Brian Offline
Veteran Member

Registered: 06/09/07
Posts: 613
The simplest and most accurate is the broker is licensed to be an agent to the public, and a salesperson is licensed to be an agent to the broker. Thus the salesperson in not licensed to offer agency to the public which most agents think they are licensed to do but they are not, they are simply acting on behalf of the real agent, the broker.

Top
#405745 - 04/27/12 11:51 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
shurdul Offline
Member

Registered: 04/26/12
Posts: 47
Loc: USA
1st of all Real Estate Agent And Broker must be educated and experienced, active and punctual as well.

Top
#406047 - 05/02/12 11:53 AM Re: Real Estate Agent And Broker [Re: Vermont]
johnnyloans Offline
Veteran Member

Registered: 03/29/09
Posts: 870
Loc: Los Angeles ,CA
The broker is the person responsible for the supervision of the agent. When a deal closes the broker is paid and the broker pays the agent. An agent can not do business unless his license is held by a broker. A broker can be the agent/associate of another broker or thr broker of his own company or the broker/owner of a franchise or corporation.
_________________________
Johnny James
Real Estate Broker in CA
(855) 898-3354
Greater Los Angeles Area
www.PalmdaleRealestate.biz
Have Car Will Travel
For Those That Google JohnnyJamesBroker@gmail.com

Top
#407857 - 06/02/12 10:05 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
pauljhon035 Offline
Junior Member

Registered: 06/02/12
Posts: 1
Loc: BD
Developers sold 38 new south beach condos in the second quarter of 2011, and in the process reduced the remaining unsold inventory from the real estate boom in the popular Miami Beach neighborhood to slightly less than 1,200 units, according to information obtained from Miami-Dede Public Records.


Edited by DueDiligence (06/02/12 11:44 AM)
Edit Reason: URL removed

Top
#408020 - 06/05/12 02:26 AM Re: Real Estate Agent And Broker [Re: pauljhon035]
jaspersmith656 Offline
Junior Member

Registered: 06/05/12
Posts: 2
Loc: U.S.A
Post removed.


Edited by DueDiligence (06/05/12 10:54 AM)
Edit Reason: Off-topic SPAM

Top
#409306 - 06/28/12 08:20 AM Re: Real Estate Agent And Broker [Re: RockleAchhari]
petter Offline
Junior Member

Registered: 06/28/12
Posts: 3
Loc: US


A real estate broker: Is a person who has obtained his certificate of practice and real estate broker who works on his own with his own independent brokerage firm. This is the person who has ultimate responsibility for all property transactions and the one who receives commissions.

A real estate agent: Is a person who has obtained his certificate of practice real estate agent. She is employed by a real estate broker in a brokerage house or an estate agency.

Top
#409656 - 07/05/12 01:30 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
mwds120 Offline
Member

Registered: 06/29/12
Posts: 41
Loc: Indiana
One big difference, at least in my state (Indiana) is that only the broker may collect the commission.
_________________________
Find 15,000+ homes for sale at www.msWoods.com - m.s.Woods Real Estate, LLC

Top
#417183 - 12/19/12 08:49 PM Re: Real Estate Agent And Broker [Re: RockleAchhari]
Ery Kendall Offline
Junior Member

Registered: 12/03/12
Posts: 4
Loc: New York, United States
A real estate broker owns the real estate company and has been a realtor for at least five years and has more schooling thus more real estate knowledge. A real estate agent works for the real estate agency and does not own the company. No you cannot be both at the same time.

Top
#417314 - 12/21/12 02:31 PM Re: Real Estate Agent And Broker [Re: Ery Kendall]
Bay Area Brian Offline
Veteran Member

Registered: 06/09/07
Posts: 613
I know New York is a independent country, but you don't have to have been a Realtor for 5 years, you never have had to be a Realtor ever. You may have to have been licensed for 5 years but membership in the NAR is not a legal requirement. And there is no such thing as a Realtors license.

Many brokers go to work for other brokers and thus they have a brokers license but do not own the company. They do not have to give up a brokers license and get a salesman's license to work for a broker.

I suspect your not even licensed.

Top
Page 1 of 3 1 2 3 >






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
Reguru1, Shaun225, Dr.Brim, james luis, Snapple
29795 Registered Users
Who's Online
6 registered (Long Walk, AnonymousWriter, Mr. G, RonnieEmz, Danny1, 1 invisible), 73 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 74
Vermont 39
estatereal 17
Flare616 16
Trouble 14
RonnieEmz 13
Snapple 12
Logan Five 11
Lucky Leonardo 11
Analog Man 10
waka 9
gitmonee 8
Mr. Clean 8
TheTexasGal 8
Flammable 8
Featured Member
Registered: 09/13/17
Posts: 5
Facebook

How To Advertise Here


This site presented by RNC Internet Services