Frequently Asked Questions
How Do I Become A Real Estate Agent?
How Do I Become A Real Estate Broker?
What’s The Difference Between a Real Estate Agent, a Real Estate Broker, and a Realtor?
A Real Estate Agent is the first step to being able to selling real estate. A person must pass a 63 hour course, state exam, submit finger prints, and submit an application to the state to qualify. (Complete Process Is Explained Here) Real Estate agent cannot technically collect a commission. Instead, they work for a Broker and the Broker and Agent share the commission.
A Broker is someone who has the Real Estate Agent’s license and progresses to get their Broker’s license. A person must have their Real Estate Agent’s License active for 24 months out of the past 5 years, must pass a 72 hour course, state exam, submit finger prints, and submit an application to the state to qualify. (Complete Process Is Explained Here) Broker’s can have other agents working for them, collect and distribute commissions, and open offices.
A Realtor is a designation that Brokers and Agents can have ONLY if they are members of the National Association of Realtors. Most agents and brokers are members. This association poses a higher standard of ethics, training, etc.