| You've decided that you want to get your real | | | | |
| estate license. You've heard of a broker | | | | - Assist sellers in marketing their property |
| license too. What is the difference between | | | | and selling it for the highest price. |
| these two real estate professions? Unless | | | | |
| you've been involved in a real estate | | | | - Assist buyers in purchasing suitable |
| transaction or are familiar with the careers, | | | | property for the best possible price. |
| you might not know the exact differences. | | | | |
| | | | - Acts as an intermediary between the buyer |
| If you want to pursue your real estate | | | | and seller. |
| license, you should thoroughly understand the | | | | |
| similarities and differences. | | | | Real Estate Broker – A person licensed |
| | | | by his or her particular state to charge a |
| All states require that real estate sales | | | | fee for bringing a buyer and a seller |
| professionals, including salespersons and | | | | together to purchase real estate. |
| brokers, be licensed by that state. Brokers | | | | |
| will generally be required to complete more | | | | - Assist sellers in marketing their property |
| real estate education and experience than a | | | | and selling it for the highest price. |
| salesperson. | | | | |
| | | | - Assist buyers in purchasing suitable |
| A real estate agent is usually an independent | | | | property for the best possible price. |
| contractor who provides his or her services | | | | |
| to a licensed real estate broker on a | | | | - Acts as an intermediary between the buyer |
| contract basis. In return, the real estate | | | | and seller. |
| broker pays the salesperson a portion of the | | | | |
| commission earned from the agent's sale of | | | | - Buys and sells real estate for a company or |
| the property. | | | | individual on a commission basis. |
| | | | |
| Real Estate Salesperson – An individual | | | | Real estate salespersons and brokers perform |
| who can show property for sale on behalf of a | | | | many of the same duties including: obtaining |
| seller, but who may not have a license to | | | | listings, determining sales price; showing |
| transact the sale and collect the sales | | | | properties; assisting with financing; selling |
| commission. | | | | property; overseeing inspections, and more. |