You can also manage your subscription preferences. By: Kathleen Brennan. What is a Sales Agent? What is a Realtor? The Difference Between a Broker, a Sales Agent and a Realtor The terms broker, agent and realtor are often used in casual conversation when discussing real estate transactions and listings. According to the TREC website: The Texas Real Estate Commission safeguard[s] consumers in matters of real property transactions and valuation services… Together TREC and Texas Appraiser Licensing Certification Board oversee real estate brokerage, real property appraisals, inspections, home warranties, right-of-way services, and timeshare.
In order to become a real estate agent , you must meet licensing requirements by taking the required number of prelicensing courses. Be sure to check with your real estate commission for the most up-to-date requirements in your state. The process for becoming a broker is tougher and takes longer. For more details about this process, read how to become a real estate broker. Here are some examples of how real estate agent versus broker licensing requirements vary by state:.
Real estate brokers have more experience, undergo more training, and make more money than real estate agents. They are also the only real estate professionals who can open their own brokerage or property management firm. It offers directly relevant and easy-to-understand licensing courses for both real estate agents and real estate brokers that are designed to help you generate better income and work more efficiently.
Click below to get started. Visit McKissock Learning. Kaylee Strozyk is a regular contributor for Fit Small Business, specializing in real estate.
Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. Fit Small Business content and reviews are editorially independent. We may make money when you click on links to our partners. Learn More. Real Estate Agent vs Broker at a Glance. Brokers negotiate, arrange, and oversee real estate transactions. Type of Real Estate Agent. About the Author. Most states maintain a website where consumers can look up an agent's name, get a license number, and check on any violations filed against them.
California Department of Real Estate. Accessed June 14, Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile.
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Learn about our editorial policies. Reviewed by Lea D. Lea Uradu, J. A listing agent represents the homeowner through the selling process. Their duties can include:. Sellers also value listing agents for some qualities over others:. In some instances, an agent may represent both the buyer and the seller — essentially becoming a facilitator.
When a lead they sent to a real estate agent closes on a sale, the referral agent gets paid a referral fee. The requirements to become a real estate agent or broker vary by state. Check your local licensing board for your jurisdiction to see the requirements for your area.
In general, you may need to:. These are usually broad requirements, such as being over 18 years old and having a high school diploma. Complete real estate prelicensing courses. Prelicensing courses typically cover both state-specific and federal laws and regulations. Work under a licensed broker. Obtain a real estate license. You may also be required to submit to fingerprinting and a background check.
These may include:. Completing broker licensing courses. General course requirements range from 75 to credit hours and vary by state. Just like the real estate license exam, the minimum passing score will vary by state. Join a brokerage. Consider factors like its reputation, culture and specialization. Start your own brokerage. Many licensed brokers want to branch out and start their own brokerage. Options include opening a franchise or starting your own brokerage from scratch.
For more articles, tips and data, visit our Zillow Premier Agent homepage. Get the real estate agent tools you need to win and wow your clients. Get free scripts to help you convert leads and connect with clients.
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