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

A real estate agent and a real estate broker are both professionals involved in real estate transactions, but they serve different roles and have different levels of responsibility. Generally speaking, an agent is someone who is licensed to represent buyers and sellers in real estate transactions, but they do not necessarily have the authority to make binding contracts on behalf of their clients. A real estate broker, on the other hand, is an individual with a higher level of knowledge and experience in the field who has completed additional education and training requirements. In Alaska, for example, agents need to complete an accredited pre-license course and then pass an exam, while brokers must have two years of experience as an agent, an advanced license course, and pass an exam. Real estate brokers are also able to oversee and supervise agents, as well as provide brokerage services such as making offers on behalf of clients and binding the parties to a real estate deal. In addition to supervising agents, estate brokers can also act as a representative in real estate transactions for buyers and sellers, making them a key part of a real estate transaction. In conclusion, real estate agents and brokers are involved in different roles within real estate transactions, but both are part of the same industry. Agents represent buyers and sellers, while brokers are able to make binding contracts on behalf of their clients. As a result, it is important to understand the differences between the two before entering into a real estate deal.

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

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