Agents & Brokers
You’ll need to decide whether or not you want to enlist the service of an agent or broker:
- Real Estate Agent: Anyone who earns a real estate license. There are different state requirements, but all states require aspiring agents to take a minimum number of classes and pass a test to earn their license. An agent must work for a broker.
- Real Estate Broker: Someone who has taken his or her real estate education beyond the level of that of an agent. Real estate brokers not only have higher education requirements than agents but also must have experience working as an agent. Brokers must also pass a broker’s license exam. Generally brokers will hire agents to work for them.
All agents and brokers are required to carry a copy of their real estate license with them. For the rest of this guide, we will refer to all real estate professionals as “Agents”.