Question By: A real estate agent is a professional who works for a brokerage and arranges real estate transactions. A broker can operate alone to arrange real estate transactions or they can open their own firm and hire real estate agents.
Real Estate Agent :
Finally, a real estate agent is in charge of buyers and sellers come together in order to enable the sale of real estate or real property.
Agents are professionals in the field who have completed and passed all state-specific courses as well as met all licencing requirements.
In real estate transactions, an agent can represent both buyers and sellers.
Therefore, an agent is employed by a brokerage and is unable to act independently.
Real Estate Broker :
Brokers usually receive more education than real estate agents.
Their education qualifies them to arrange property transactions on their own as well as to run a brokerage and supervise other agents.
The basic function of a brokerage firm is to act as a go-between for buyers and sellers during the transaction process.
When a broker operates a brokerage, he or she hires other real estate agents to work for them.
More technical aspects of real estate deals can be overseen by brokers.
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