You may find real estate professionals titles a little confusing. Sometimes they are used interchangeably, but there are some important differences between the roles of the various professionals, as well as different requirements for using particular titles, such as Realtor, Broker, agent, Broker Associate, etc. We have put together a quick summary to help explain:
- Real estate agent: Anyone who earns a real estate license can be called a real estate agent, whether that license is as a sales professional, an associate broker or a broker. State requirements vary, but in all states you must take a minimum number of classes and pass a test to earn your license.
- REALTOR®: A real estate agent who is a member of the National Association of REALTORS®, which means that he or she must uphold the standards of the association and its code of ethics.
- Broker: A person who has taken education beyond the agent/REALTOR® level as required by state laws and has passed a Broker’s license exam. Brokers can work alone or they can hire agents to work for them. Members of the National Association of REALTORS®.
- Real estate salesperson: Another name for a real estate agent.
- Broker Associate: Someone who has taken additional education classes and earned a broker’s license but chooses to work under the management of a broker.
Learn more about: JOHN LEONARDI, Broker