Difference between an Agent and a Broker?

A real estate agent is licensed to help clients buy, sell, or rent property, while a broker has additional training and can operate independently or manage agents.

Here’s a breakdown of the key differences between the two roles:

🏡 Real Estate Agent

• License Level: Entry-level license after completing state-required prelicensing courses and passing an exam.
• Role: Assists clients in buying, selling, or renting properties.
• Supervision: Must work under a licensed broker.
• Limitations: Cannot operate independently or manage other agents.

🧑‍💼 Real Estate Broker

• License Level: Advanced license requiring additional education and a broker’s exam.
• Role: Can perform all agent duties plus manage their own brokerage firm.
• Supervision: Can work independently or supervise agents.
• Types of Brokers:
  • Principal/Managing Broker: Oversees brokerage operations and compliance.
  • Associate Broker: Holds a broker license but chooses to work under another broker.

🧠 Summary of Responsibilities