Broker vs Realtor - What is a Broker?

Have you ever thought to yourself what does a broker do? What is a real estate Broker?

Well. . .in this video I tell you all about it and what a real estate broker job description is. I also explain the differences between a real estate agent, REALTOR, sales person, etc. . .

If you are wondering what the hierarchy in a real estate office looks like - this is the video for you!

Titles for real estate professionals

The real estate profession is regulated by state governments, which have different requirements for earning a license. In general, though, the titles you may come across include:

Real estate agent: Anyone who earns a real estate license can be called a real estate agent, whether that license is as a sales professional, an associate broker or a broker. State requirements vary, but in all states you must take a minimum number of classes and pass a test to earn your license.

Real estate salesperson: Another name for a real estate agent. A salesperson must take 60 hours of classes and pass an exam with both state and national sections.

REALTOR®: A real estate agent who is a member of the National Association of REALTORS®, which means that he or she must uphold the standards of the association and its code of ethics.

Real estate broker: A person who has taken education beyond the agent level as required by state laws and has passed a brokers license exam. Brokers can work alone or they can hire agents to work for them.

Real estate associate broker: Someone who has taken additional education classes and earned a brokers license but chooses to work under the management of a broker.

I am SO appreciative for all of my subscribers. Thank you for all of your support and watching my videos!

#MZSOLD #CHARLOTTESVILLE #REALTOR

[TheSchoellerFamily]

I didn't really know the difference until I watched this. Thanks!

[iffi]

Just remember that real estate investors will always always have more money and power than anyone else in real estate. You also dont have ANY boss and it requires barely any education.

[randomchanel]

I am interested of getting into this field thinking its just selling properties but as I watched this video I am already overwhelmed by so many branches and responsibilities of each title. I want to help people find a good home as a career because I want to find a good home too one day🙂🙂🙂

[MyRealtorKerri]

So interesting to hear Ashley!!! Yes our statuses were changed and it created a lot of confusion. We used to only have agent status and brokers were who held earnest money. Now all agents are brokers and the brokerage holds earnest money and we have managing brokers who manage the agents in the office. YES! Ha! Great video!

[neetrab]

Thank you for this video. Was wanting to be a broker (I thought)... and I needed to know the difference between that and a salesperson. Still think i want to do it, but I see I have to be a salesperson first.

[milapolecom]

So many titles. Good to know. Thank you - future Real Estate Agent

[leah]

I want to begin my career in real estate. Would it be wise to begin as an agent to get the experience and learn the business than after a few years take the courses to become a broker? I want to eventually become a broker, but I don’t think that is wise to do at first, but eventually work my way up to that point once I am comfortable with the business.

Thoughts? I am a young adult from the Midwest wanting to make a life for myself!

[tafsiarabi]

You're so right, there are so many different titles! Great information

[WiseMoveAZ]

You're so right, there are so many different titles! Great information, Ashley! 🙂

[georgiacoasthomes]

This was really great info and very thorough.

[RedManTez]

Aight, thanks. This gave me a deeper definition.

[MZSOLD]

What's a mortgage broker?

A real estate agent without the sense of humor.

[allenrubin]

You said that a broker must have worked as a real estate agent for 36 of the past 48 months but I see its 24 months. Which is it?

[gocpng]

Beneficial To Know How They All Deviate And Their Functions, Good Vid

[ShadowPuppet]

thax for the info. i learned a lot as am planning to buy a house :)

[Yzinger]

Thank you Ashley for the knowledge. I have a question if you or anyone can clarify a question? Can one become a broker instead of a realtor/sales etc. first and take that route instead ?or is there a mandatory step by step requirement approach in place before hand where one must do first before being able to get a broker license?

[sapphiregarden]

hi there, does realtor has to report to the office manager or the broker is the owner, no need to report to manager?
if agent study the residential homes, commercial retail, office, what does broker study? what's difference, what is looking for to be successful in real estate career?

what is the most difficult part in real estate career ?

[mattaguirre]

How much should invest in a realtor job?

[JesusChristever]

Very informative video thank you honey!!

[brianmigs]

I want to be a real estate broker, I live in Harrisonburg va what should I do first