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