Function

A real estate agent facilitates transactions on behalf of the broker. The agent works under the broker’s guidance and legal protection for real estate transactions. Brokers rarely engage in real estate transactions personally.

Misconceptions

Many individuals believe that a broker is better than a real estate agent. A broker, in fact, is more of a manager for a company, but not necessarily a better agent.

Requirements

Real estate agents are required to undergo education pertaining to real estate law and ethics. Brokers have to undergo more extensive education in relation to business management.

Potential

Many agents will obtain a broker’s license after several years of real estate practice and branch out on their own, or become a co-broker of the same company and share in the management responsibilities.

Benefits

References

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