The Differences Between Real Estate Agents, Real Estate Brokers and Broker Associates
Many people think that real estate agents and brokers and associate brokers are one and the same. The truth is these three professions differ a lot from each other. Knowing these differences can really come in handy especially if you are considering to buy or sell a house. Real Estate Brokers In truth, brokers rank higher than agents in terms of education. They have to undergo a lot of training courses related to the real estate business before they can graduate. Brokers also have to take an exam first in order to get their professional license. Once they do, they can now handle business transactions with various buyers and sellers. Having a license also makes it legal for them to collect commissions from every successful transaction they make. One of the main differences between brokers and agents is that brokers can start their own real estate company while agents cannot. Real Estate Agents In a nutshell, agents are salespersons. They are usually the ones who deal with potentia...