Saturday, August 3, 2013

Real Estate 101 - The Difference Between an Agent & Broker

"Many people mistakenly believe that a real estate agent and a real estate broker are the same, but this is actually untrue. While both a real estate agent and a real estate broker must undergo schooling and must pass a state real estate exam, there are some very significant differences between the two.
Considering Licensing

From a technical standpoint, the difference between a real estate agent and a real estate broker is the fact that they hold different licenses. In order to obtain the different licensing, a real estate broker must actually complete additional coursework beyond what a real estate agent must complete.

Although many people use the terms real estate agent and real estate broker interchangeably, a broker actually has more schooling and bears more responsibilities throughout the transaction.

Article Source: http://EzineArticles.com/815369