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#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)

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

Registered: 04/12/08
Posts: 7719
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"

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#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.

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#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)

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#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.

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#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.

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#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.

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#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.

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#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

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#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

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#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

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#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.

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#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

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#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.

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#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.

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