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 who can help you buy or sell a home in Iowa. However, where a real estate agent typically works under the supervision of a broker, a real estate broker is an independent professional who is certified and licensed to transact real estate transactions and manage real estate investments. A real estate agent is a salesperson who works for a real estate broker. They help buyers and sellers with the search and negotiation process when buying a home. Agents also handle the paperwork associated with buying or selling a home as well as the marketing of homes for sale. In contrast to a real estate agent, a real estate broker is an independent contractor who is responsible for all aspects of real estate transactions. Brokers are licensed by the state and must pass a professional licensing exam. They are responsible for supervising agents, negotiating contracts, handling paperwork, and representing buyers and sellers in court. Brokers can also open their own business, hire agents, and manage real estate investments. In summary, a real estate agent is a salesperson who works under the supervision of a real estate broker, whereas a real estate broker is an independent professional who is licensed by the state to transact real estate transactions and manage real estate investments.

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