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What is the difference between a broker and a realtor?

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August 18 - Apopka
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 Good question...
In some cases nothing.  Let me explain.  Florida has two types of real estate license.  The first is for a real estate agent.  A real estate agent must work under the supervision of the second type of license a real estate broker.  You have to have a broker license to own your own real estate company and have agents work for you.  But if you have a broker license you do not have to open your own place - -you can still work for someone else i.e. Broker/associates. Now you do not have to be REALTOR to be a real estate agent or broker.
A REALTOR is an agent or broker who has joined the National Association of REALTORS and the state and local levels which encompasses the local 'Board of REALTORS - which own and operates the local Multiply Listing Service (MLS).  Without joining the local Board of REALTORs and agreeing to level of professionalism, and standards of practice, the Board holds all REALTORS to, you cannot have access to the MLS.  That is to say you cannot list your listing in the MLS - you do not have access to sold or expired data which is critical in helping you complete a proper Market Analysis for Pricing.  You would only have the same access as the general public.  That is to basic data on active listings.
Hope this helps…Kimberly
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August 18
Profile picture for nealadler
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Kimberly's answer is spot on.  Not all agents/brokers are REALTORS(R).  In California there are two types of licenses, sales and brokers.  The sales person must be under a broker.  In California there are roughlys450,000 R.E. licensees, however there are roughly 100,000 REALTORS(R).  To be a REALTOR(R) one must be a member of the National Association of REALTORS(R).
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October 31
Profile picture for pwildcon
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All these answers are correct, and the broker is also held to a higher standard in court, they are to be of a higher professional standard.

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October 31
Profile picture for TeamForss1
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To become a broker you have to take additional courses and pass a more extensive test to get the brokers license.  All the info below is correct. 
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October 30
Profile picture for Valrico REALTOR
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Not every agent is a REALTOR.
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October 29
A broker has the option of owning or managing a real estate office while a realtor works under a broker. You can also choose to be a broker associate meaning simply that while you do sell real estate you do not own or manage a real estate office.
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August 20
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A broker is a Realtor that owns or can own his own real estate business. A Realtor associate works under the broker.
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August 18
 

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