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Agent: Real estate agents rent, buy, or sell property on behalf of clients.
Broker: Brokers negotiate, arrange, and oversee real estate transactions. They may also own/run brokerages.
Realtor: A Realtor is an agent or broker who has earned the NAR’s Realtor designation.
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While real estate agents do not have any qualifications, they have complete knowledge of real estate law. Real estate agents have less responsibility in a brokerage firm as compared to brokers. Real estate agents earn less income, whereas brokers make more profit in the form of commissions and other payments.
Marketing opportunities are abundant with real estate agents. Real estate agents can't run a property management company, as they do not have the required licensing. On the other hand, brokers are qualified and licensed to do so
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If you are looking for a house, you may want to contact a real estate agent so that he or she can help you find a house. You can find a house on your own, but it is easier if you have someone representing you and doing that for you. There are real estate agents and then there are brokers. Brokers are real estate agents, but they are the ones who own the real estate firm.
Then they employ other real estate agents to help them out with the job. The best analogy to show you how real estate agents and brokers are different is by explaining that the broker is like the owner of a company and the real estate agents are the employees.
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