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What’s the Difference between a Real Estate Agent and a Broker? | Omaha NE Homeowner’s Guide

Real Estate Agent vs Broker: The Differences Explained

There are a lot of professional designations in real estate. Two of the most common include real estate agent and real estate broker. What is the difference between these two important titles?

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The main difference between an agent and a broker is their experience and required education.

Both licenses are state-specific and each state has its own requirements for pre-licensing education, years of experience, and exams.

Typically, new real estate professionals begin as real estate agents. After taking a few real estate courses, they are required to pass an exam and complete an application to become licensed. A licensed agent can work on behalf of a buyer or seller during the home buying or selling process. A new agent will often work with an experienced agent or under a broker to learn the business.

After a few years of experience, some real estate agents choose to get their broker’s license. This requires additional classes and a more extensive licensing exam. A broker is able to work independently, even adding real estate agents to their team to work on their behalf. Some brokers work for a well-known company, such as RE/MAX, while others open an independent brokerage. Brokers often specialize in a region or type of real estate, such as commercial buildings or luxury properties.

Whether you work with a real estate agent or broker, the most important thing is that you trust your agent is working on your behalf. This means everything from doing a good market analysis to keeping lines of communication open. Recommendations from trusted neighbors and friends is one of the best ways to find an agent or broker who is a good fit for you and your needs.

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