| You've decided that you want to get your real | | | | licensed by his or her particular state to |
| estate license. You've heard of a broker | | | | charge a fee for bringing a buyer and a |
| license too. What is the difference between | | | | seller together to purchase real estate.* |
| these two real estate professions? Unless | | | | Assist sellers in marketing their property |
| you've been involved in a real estate | | | | and selling it for the highest price. |
| transaction or are familiar with the careers, | | | | |
| you might not know the exact differences.If | | | | * Assist buyers in purchasing suitable |
| you want to pursue your real estate license, | | | | property for the best possible price. |
| you should thoroughly understand the | | | | |
| similarities and differences.All states | | | | * Acts as an intermediary between the buyer |
| require that real estate sales professionals, | | | | and seller. |
| including salespersons and brokers, be | | | | |
| licensed by that state. Brokers will | | | | * Buys and sells real estate for a company |
| generally be required to complete more real | | | | or individual on a commission basis.Real |
| estate education and experience than a | | | | estate salespersons and brokers perform many |
| salesperson.A real estate agent is usually an | | | | of the same duties including: obtaining |
| independent contractor who provides his or | | | | listings, determining sales price; showing |
| her services to a licensed real estate broker | | | | properties; assisting with financing; selling |
| on a contract basis. In return, the real | | | | property; overseeing inspections, and |
| estate broker pays the salesperson a portion | | | | more.The state examination, which is more |
| of the commission earned from the agent's | | | | comprehensive for a real estate broker than |
| sale of the property.Real Estate Salesperson | | | | an agent, includes questions on real estate |
| - An individual who can show property for | | | | transactions and laws affecting the sale of |
| sale on behalf of a seller, but who may not | | | | property. Most states require that a real |
| have a license to transact the sale and | | | | estate salesperson complete between 30 and 90 |
| collect the sales commission.* Assist sellers | | | | hours of instruction. A real estate broker |
| in marketing their property and selling it | | | | needs between 60 and 90 hours of real estate |
| for the highest price. | | | | education and a specific amount of experience |
| | | | selling real estate (usually 1 to 3 years). |
| * Assist buyers in purchasing suitable | | | | Brunson is a lead marketing writer for Allied |
| property for the best possible price. | | | | Schools. She has a B.A. in Journalism with an |
| | | | emphasis on public relations. She has |
| * Acts as an intermediary between the buyer | | | | additional experience in technical writing. |
| and seller.Real Estate Broker - A person | | | | |