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What is the difference between a real estate agent and a broker?

Is there any major difference between an agent and a broker if I am trying to sell my home?
  • November 02 2013 - Nashville
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Answers (5)

An agent works under a Broker.  

You have to have been a Real Estate Agent for 3 years or 2 years and have a degree, to become a Broker.

Interview a few agents and pick the one that you feel will sell your home.  A Broker will not help sell your house any better than a Agent will.

Thanks
Greg Spackman
Keller Williams Realty
[Removed by Zillow Moderator. Please see our Good Neighbor Policy.]
  • June 29 2014
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I agree with Diane and may I say that she described  it perfect and easy to understand to all.
 I wish you all the best!
  • May 07 2014
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Just to clarify, a broker is still a 'real estate agent'.  All agents must hang their license and practice under the umbrella of a broker - who has completed the education, has at least 3 years experience, and passed the broker exam. 1. Some agents become brokers (by completing all the requirments) but still work under the umbrella of someone else - as they continue to help clients with buying and selling, as they always have. 2. Some choose to stop being an active agent, open a business of their own, and contract with agents (affiliate brokers/real estate agents) to supervise mentor, and have under their own umbrella. 3. Some choose to do both, have people work for them AND keep working with clients.  If you are the lead broker (umbrella), you usually are compensated by a commission split or a fee by those under you.
  • May 07 2014
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To become a Broker you have to demonstrate ability by completing a certain number of transactions.  You have to take additional courses which could entail up to a year before they are completed.  You then have to pass a rigorous knowledge test before qualifying for a Brokers license.

Short answer - the Broker is more experienced and knowledgeable than an agent.
  • November 04 2013
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In TN, a broker has to have their license for at least 3 years and has to take additional education regarding real estate law. A broker can run/manage an office. An agent must be under the supervision (although this is often very loose supervision) of a broker. More important than broker/agent is that individual's track record. In any given year about one half of all licensed real estate agents and brokers will not help a single person buy or sell a home. The average agent/broker will sell 4 hours in a year, for about 97% of the asking orice and anywhere from 90-150 days. What you want to look for is someone who does significantly more deals (12 should be a minimum in my opinion) and who sells homes quicker and closer to the asking price.
  • November 02 2013
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