What is the difference between a real estate broker and real estate agent?
April 21, 2010 by MrAuthor
Filed under Real Estate
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?
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.
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