Ever wonder the difference between an agent, broker, and realtor?
A licensed agent is jut that. A person who is licensed to sell real estate. That individual must sell real estate under a real estate broker.
A real estate broker is the highest professional license one can hold for selling real estate. It requires additional education and certification than an agent license. A broker can also open their own brokerage and have licensed agents work under them. Note that a broker can also act as an agent and does not need to open a brokerage. A broker can still work under someone else’s broker license.
A Realtor can be an agent or broker. Agents and brokers pay an annual membership fee to be a Realtor.