I was wondering what the difference was between a real estate broker and a real estate agent? How long would you have to go to school to be either one?
2007-04-11 12:05:14 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I pretty much got my answer to this question. Can a real estate broker act as both a broker as well as the agent? I plan on starting my own realty but want to do both jobs.
2007-04-11 23:12:49 · update #1
As a real estate agent you have to have your licenses held by a real estate broker you are not allowed to do anything in your own name it has to be in your brokers name or the company's name.
To become a real estate agent you have to be at least 18, take the class and pass the state exam.
To become a real estate broker you have to be an active real estate agent for 1 year take a class and pass the state exam. After wards you can do anything that you like in your own name. You can even open your own real estate business
2007-04-11 12:16:11 · answer #1 · answered by Tmabel 3 · 1⤊ 0⤋
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.
2016-05-17 22:34:25 · answer #2 · answered by ? 3 · 0⤊ 0⤋
There are two different types of licenses in all the states. They are the licensee who can be a salesperson or a broker the broker has to have more education than the salesperson and can at some point become a Qualifying broker who is the one responsible for the licensee's. Most states are now moving to create one license name but keep the QB designation as a separate license. The QB is usually the owner of the real estate company although in most states you are not required to have a real estate license to own the company but you are required to hire a Qualifying Broker to qualify your company as a licensed real estate company to do real estate business in the state.
To find out what you need to do since you didnt say what state go to the link provided and check out the schools in your state and the requirements for licensing.
Real Estate Educators Association (REEA) includes search for real estate schools: http://www.reea.org/
Buena Suerte
2007-04-11 12:13:57 · answer #3 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
a broker can have their own business and make overrides from other agents. An agent works under a broker.
In my company I let the agent act like a broker, and let them over ride other agents, but without the headaches of being a broker. We need to talk. www.debjim.com
2007-04-11 12:15:47 · answer #4 · answered by northville 5 · 0⤊ 0⤋
Real estate salespeople and brokers play different roles in the real estate industry. What are the main differences between these parties, and what should you expect from one and not from the other? Both brokers and salespeople are real estate agents.
2014-03-04 23:03:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋
An agent works for and under the supervision of a broker.
2007-04-11 12:14:09 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋