what is the difference between a real estate agent and real estate broker?
Posted by admin on 12 Dec 2008 10:06 am. Filed under Renting & Real Estate.
vee
im interested in getting my real estate license. I just registered for an online class, but i wanted to know what is the difference between an agent and a broker?
also why and how much do you have to pay to get your license (CA)?
id like as much info as possible.. thanks
thanks for the replies..
one more question.. ive read that on average you get 6% commission, so would i have to split that with the broker?
im interested in getting my real estate license. I just registered for an online class, but i wanted to know what is the difference between an agent and a broker?
also why and how much do you have to pay to get your license (CA)?
id like as much info as possible.. thanks
thanks for the replies..
one more question.. ive read that on average you get 6% commission, so would i have to split that with the broker?
On December 13th, 2008 at 9:14 am
The agent sells the houses, the broker has an office where they enlist other people to sell.
On December 15th, 2008 at 8:14 pm
The terminology used to identify real estate professionals differs a little from state to state. Brokers are usually required to have more education and experience than real estate agents. The person you normally deal with is a real estate agent. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker’s name, not the real estate agents.
On December 15th, 2008 at 11:10 pm
Generally, the agent has a lesser license than a broker. In some states an agent can have his or her own office, but in most an agent must work under a broker’s supervision. Normally, a professional must work several years as an agent before he or she can be considered for a broker’s licence.
On December 17th, 2008 at 2:41 pm
Depends on the state. I am in a Broker only state (NC) I took my regular RE classes and got a provisional broker status meaning I have my Broker in Charge over me. I have to take 3 more classes to get the provisional removed. I have 3 years to do this but can do it as quickly as I can. I have been in RE for just under 2 years and I am about to take my 3rd class. To be a independent broker I have to have 3 years experience.