What is the difference in the real estate world between "BROKER " and "AGENT"?

Asked by Ricardo Camacho, 34638 Tue Sep 8, 2009

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Lou Molnar’s answer
Lou Molnar, , Land O' Lakes, FL
Tue Sep 8, 2009
First it depends what State you might be referring to since the laws are different from State to State. In Florida the agent must work under a broker who is responsible to the licensing authority. This is to allow an agent to operate within the laws of the State. Normally a broker owns or manages a real estate office.
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David Brewer…, , Livonia, MI
Tue Sep 8, 2009
A broker holds the license to run the business and the agent holds the sales license to work for the broker.
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