What is the difference between a broker and an agent in commercial real estate?

A broker and an agent in commercial real estate are similar in that they both help people buy and sell real estate properties. The main difference between the two is that a broker is licensed to engage in negotiations and handle transactions on behalf of their clients. On the other hand, an agent is not licensed to do so, and instead is employed by a broker to help them in negotiations and transactions. In Washington, to be a licensed broker, an individual must be at least 18 years of age and complete required pre-licensing coursework. The individual must also pass a real estate broker exam and submit a broker license application. The individual must also complete measures that demonstrate their continued competency in the real estate field. An agent, on the other hand, is usually a real estate professional employed by a broker. While agents must also adhere to certain real estate regulations and standards, the main difference is that agents are not legally allowed to handle transactions on behalf of clients. Agents may still provide assistance in negotiations and other related fields, but will always require supervision from a broker. In summary, the main difference between a broker and an agent in commercial real estate is that a broker is licensed to engage in negotiations and handle transactions, while an agent is employed by a broker to help them in negotiations and other related fields, but are not legally allowed to handle transactions on behalf of their clients.

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What is the difference between a broker and an agent in commercial real estate?

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