Real Estate Agent vs. Broker: Is There A Difference?

As a multi-awarded real estate agent, I strive to help my clients find the perfect place to call home in Colorado Springs. Whether you’re interested in buying, selling or relocating, I’m here to help you every step of the way. My time in the United States Air Force included completely packing up and moving 13 different times. Throughout my moving experiences, I have become a seasoned mover. I have a true understanding of the complexities that go into deciding whether to rent, buy or sell.

In my efforts to help not only the residents of Colorado Springs, but also the veterans and active service members of the community, I became a designated Military Relocation Professional. I know the ins and outs of VA financing and am dedicated to helping guide you through your relocation. One of the reasons that my clients say I’m the best realtor in Colorado Springs is because I built my practice on being genuine, having fun and remaining real. As a real estate agent, one of my passions is educating people about all things real estate, including the difference between a broker and an agent.

What Does A Real Estate Agent Do?

Real estate agents have an essential role in the home buying and selling process. They’re responsible for organizing transactions between buyers and sellers. You may have heard the term listing agent before, this refers to a real estate agent who represents someone selling their home. Real estate agents can work as both a listing agent and a buyer’s agent, but usually not for the same property. This would be difficult because the agent would have conflicting interests while trying to please the sellers and the buyers.

Also, not all real estate agents are realtors. In Colorado, you’re required to apply to become a realtor and complete additional educational courses. Becoming a realtor in Colorado means that you’re a part of the National Association of Realtors. It also means that you have to fulfill continuing education courses every year.

Some crucial parts of a real estate agent’s job includes:

  • Negotiate
    • It’s never known how long a negotiation will last, but during the entire time, it’s up to the real estate agent to make sure that everyone involved is doing their part to make the deal successful. An agent has to continually be conducting research so that they can help their client make the best financial decision.
  • Schedule
    • In order to have a successful career, it’s vital for a real estate agent to schedule open houses, showings and client appointments.

What Does A Broker Do?

Real estate brokers can practice as real estate agents, but also have the ability to operate independently. Depending on the state, some brokers are required to complete additional training and education to run their own business. This doesn’t mean that they have to work on their own. In fact, many brokers decide to work for another real estate broker that has access to a larger real estate network. Brokers also have the ability to hire salespeople to work beneath them.

There are three main types of brokers. These include:

  • Associate Broker
    • Associate brokers have a broker license, but choose to work under another broker. 
  • Managing Broker
    • Managing brokers hire agents, train new staff and manage the administrative staff. Their main job is to oversee all transactions that occur.
  • Designated Broker
    • Designated brokers, also known as principal brokers, supervise all real estate agents and make sure they’re complying with state and national real estate laws. Principal brokers have the legal authority to sign agency contracts.

What’s The Difference Between A Broker And An Agent?

So, the main difference between a broker and an agent is that a real estate broker has the ability to own their own real estate firm. If they choose to do so, they can obtain a license to operate independently and run their own firm. A real estate agent, on the other hand, is licensed to sell property in their state, but cannot run their own real estate firm. Real estate professionals choose to take different paths depending on their goals.

Putting The Real In Real Estate | Dave Sanders Realtor

Real estate terminology can quickly become confusing, but I’m here to help educate you and answer all of your questions. When you work with me, you can be guaranteed that you’ll experience the best real estate process you’ve ever encountered. I’ll make sure to guide you throughout the entire process, while making the real estate adventure fun and genuine. When you join the Dave Sanders family, you’ll join hundreds of others that are over the moon with their real estate decisions. Are you ready to hire a realtor that’ll prioritize your needs, and do everything possible to make your dream home a reality? Then contact me today, and let’s make it happen!

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