The main difference between a real estate agent and a real estate broker is that an agent has a professional license to assist people with buying, selling, and renting real estate. A real estate agent listing homes for sale in Aurora CO 80016 must work for a brokerage firm or sponsoring broker. A real estate agent is also limited to working within the state they hold a license in.
A real estate broker is an agent with additional training, which allows them to employ other agents to work with them. Also, a real estate broker is licensed to have their own firm. That means that they can work with and hire multiple agents. This way, they can ensure that they have many more clients and get many more listings. A real estate broker can work in multiple states.
An agent is a person you usually meet with when you want to buy or sell a property. They are the ones that do most of the engagement with potential clients and the ones that handle the paperwork for their clients.
To step up from agent to real estate broker, one needs to further their education. One has to get a special license to become a broker. After being licensed as a broker, the person can choose if they want to do what an agent does or go further and open up their brokerage firm. They can expand their business and even work with agents and other brokers from other states.