I'm not a better agent because I'm a broker. Yes, I'm required to take more 'continuing education', and yes, I had to take more classwork in order to become a broker. But I know plenty of agents who passed those courses along with me and became a broker, who in my opinion aren't qualified to operate a pencil without supervision.
And I know plenty of agents who are not brokers, who are dedicated, and offer excellent service to their clientele.
In short, and in most cases, an agent works under a broker. A broker may own, manage or be an associate of the owner of the office. Brokers generally have more experience and education than agents, but I know some great agents who could be brokers, but have elected not to pursue the added responsibility.
The requirements to obtain a Broker's license vary from state to state, but generally they require a certain amount of experience, and multiple hours of classroom time, plus the passing of a state exam.
In order to run an office, one must be a Broker.
In order to sell real estate one must only be a licensed agent.
Everyone starts out as an agent.......which also requires classroom time and passing a state exam.
In my area, the agents, primarily, are the ones in the trenches, doing most of the business.......the Brokers run the offices.
There are, however, a number of broker-associates who have obtained a broker's license, and list and sell real estate just like any "agent" does.
In my opinion, you don't "need" a Broker.
What you need is someone who is professional and experienced...has integrity.... and has expertise in your geographical area with a strong knowledge of the market....someone who has a good track record and reputation to go along with it!
No offense to the Brokers out there, but a few more hours of class time doesn't necessarily equate with better service and better knowledge of the profession.
Hope this helps!
Best wishes Curtiss!!
The Marie Souza Team - Top Selling on Cape Cod
Cape Cod Real Estate Services
508-790-2000 * firstname.lastname@example.org
At least in theory, a newly licensed agent should be able to do just as good job as a broker - if the newly licensed agent is superviced by a good, knowledgeable, and communicative broker.
The only difference is that the newly licensed agent needs to ask the broker IF they encounter something they do not know and they need to know what questions to ask - one cannot ask a question unless they know there is potential for a problem - while an agent who is also a broker is expected to know and most of the time does know the answers to all these questions :-)
Agent is a sales person licensed to sell real estate. Every agent by law must be affiliated with a broker, even if just to hang his/her license.
Broker on the other hand had to pass one more exam - in addition to the sales person licensing exam - and can work independently, start his/her own brokerage, or act a managing broker.
To sell a home or real estate property, you need to hire an agent. The brokerage firm the listing agent is affiliated with is your broker. I hope it answers your question.