A real estate agent cannot work independently, they must work for an employing broker.
Brokers are responsible for their real estate agents’ actions.
Requirements for a real estate salesperson license can vary from state to state as well.
Can you practice real estate without a broker?
For Sale By Owner
While all states require anyone acting as a real estate agent or broker to first obtain a proper license, those laws do not prevent property owners from acting on their own behalf. This means, for example, that you can sell your own property, or buy real estate, without having a real estate license.
Do brokers make more than real estate agents?
The gross median salary for licensed real estate brokers in the U.S. was $69,640 in 2016, according to NAR data published in 2017. A big part of the reason that salaries for real estate brokers were significantly higher than sales agents’ salaries is that it’s common for agents to work part-time while in other jobs.
How do I choose a real estate broker to work for?
Five steps to help you choose a real estate broker
- Step 1: Ask about the commission split. Most real estate agents get paid on commission.
- Step 2: Evaluate the brokerage culture.
- Step 3: Decide between a franchise or independent brokerage.
- Step 4: Learn its reputation and niche.
- Step 5: Make sure it will offer support.
What is a Realtor broker?
Real estate broker. A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually work under a licensed broker to represent clients.