Clearing up some Confusion

Knowing the Difference Between a REALTOR®, a Broker, a real estate agent, and other terms

Real Estate Agent – Someone who has met the requirements of their state real estate department, bureau or commission, and passed the appropriate tests to broker real estate.  Someone who has passed the Sales or Broker Associate (Not something done in California, but is done in other states) test must conduct business with the assistance of a Broker.

REALTOR® – A licensed real estate professional that helps members of the public navigate the home and property buying process.  REALTORS® are members of the local, state and National Association of REALTORS® and subscribe to the NAR Code of Ethics.

Broker
 – A licensed real estate professional that is able to conduct real estate transactions by themselves, and is able to oversee Agents, Salespersons, and Broker Associates.  Some Brokers may also choose to work for another Broker as well.

Real Estate Salesperson – Another term used for a Real Estate Agent

Associate Broker – Some states do not offer a real estate sales license, but instead offer different standards for an associate broker – someone who works under a licensed real estate broker.

I hope that helped clearing up some confusing terminology..

Thank you for visiting me here

BB

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