2007-01-21 14:45:16 · 5 answers · asked by 23and4 1 in Business & Finance ➔ Renting & Real Estate
Different levels of licensing requirements.
2007-01-21 14:52:28 · answer #1 · answered by Richard H 7 · 1⤊ 0⤋
Can't speak for other states in the Union, but in Florida here are some of the key differences:
A Real Estate Agent is called a Sales Associate. They work for a licensed Broker. When one deals with that agent, they are really signing contracts with the broker.
A Broker Associate is someone who has the qualifications to be a broker, but chooses not to work on their own, instead they also work for a broker.
The education and in some instances experience are different. While it is not true that every broker is more experienced than every sales associate, they do have to take and pass more state licensing exams and a sales associate must wait a certain amount of time before they can become a broker (I think it is a year).
Normally brokers run their own shops - but not always.
So, depending on which state you are referring to, you will get different answers.
Best of luck...
2007-01-21 23:32:37 · answer #2 · answered by Joe K 3 · 0⤊ 0⤋
A broker has taken more classes then a regular agent and taken a test to earn his or her broker's license. Just because they have a broker's license doesn't mean they will work on their own even though they can if they choose. Most of the time they will work under another broker...for example a coldwell banker branch.
2007-01-21 23:20:08 · answer #3 · answered by Anonymous · 1⤊ 0⤋
In general, an agent works for a broker.
2007-01-21 22:59:44 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 0⤋
an agent works with a real estate agency and a broker operates independently
2007-01-21 22:48:56 · answer #5 · answered by daizzddre 4 · 0⤊ 0⤋