Recently I sat for my Broker exam and passed so I am now an Associate Broker.  The exam consists a State and National portion with a maximum of 4 hours to complete the exam.  

While updating my new title on my website and all of my advertising, I got to thinking "Do our clients and customers really understand the difference between a real estate agent,  Broker (Managing Broker or Associate Broker), Realtor, Real Estate Salesperson and an unlicensed assistance."  I wanted to take a few minutes and explain the differences in hope of giving a better understanding to our clients and customers we assist with buying, selling and leasing homes.

Each state regulates their individual requirements for licensure for that state but the titles you will come across in each state will be similar.

  • Real Estate Agent:  A person who has earned a real estate license can be called a Real Estate Sales Associate, Salesperson or Agent.  Requirements will vary from state to state but in most states you are required to take a minimum number of classes, submit an application, pay licensing fees and pass your test. For additional information on requirements in the state of Texas, visit the Texas Real Estate Commission website.
  • REALTOR®:  A real estate agent who is a member of the National Association of REALTORS®.  Membership requires the agent to uphold the standards of the association and its Code of Ethics.
  • Real Estate Broker: A person who has additional education beyond the agent level as required by the State, has satisfied the experience requirement, submitted the application, paid fees and passed the state/national Broker exam.  Broker's can work alone or hire agents to work for them. The Managing Broker is responsible for the actions of agents they sponsor or manage.
  • Real Estate Sales Associate or Salesperson:  Same as a Real Estate Agent.
  • Real Estate Associate Broker:  A person who has taken the additional education to earn a Broker's license but chooses to work  under a managing Broker.

If you are planning to purchase or sell a home, it is important to schedule a face to face meeting with the agents you are interviewing so you can ask important questions to determine their knowledge, experience, skill set and personality of the Agent or Broker.  For additional information or to schedule an appointment, please contact our office.