Broker, agent, what is the difference?

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Real Estate

If you have always wondered what the difference is between an Agent, a Realtor, and a Broker, you are not alone!

Here is the down and dirty of it all:

A real estate agent is someone who passes the real estate exam and signs on with a brokerage to make their license active. They are considered inactive and unable to work as an agent without working for a Broker.

A Realtor is an actively licensed real estate agent who is also a member of an association or board. For instance, I am a member of my local board, Northeast Association of Realtors. I am also a member of Mass. Association of Realtors and the National Association of Realtors.  Realtors are held to a higher standard with mandatory training such as the Code of Ethics.

A Broker has another level of licensure than a Realtor or real estate agent.  They must have worked a minimum of three years as a full time agent to take the Brokerage exam. All Realtors and agents need to work under a Broker licensure to have an active license. Brokers can work independently or have other brokers, realtors or agents work under their license. Brokers can still be Realtors who actively assist others buy and sell.

My new endeavor with MRM Associates is 5 Brokers strong and growing! I'd be happy to tell you why that helps you with your real estate needs!

There you go! If you have more questions, I bet you can find me!