Did you know that approximately 89% of homebuyers in the U.S. use a real estate agent to buy their homes? In today’s fast-paced real estate market, the roles of real estate agents and brokers are more essential than ever. With the introduction of proptech tools, their responsibilities are evolving, and understanding the differences between these professionals is crucial for anyone buying, selling, or investing in property. Whether you’re a first-time buyer or an experienced investor, knowing what agents and brokers do will help you make smarter real estate decisions.
A real estate agent is a licensed professional who helps clients buy, sell, or rent properties. They are typically the first point of contact for any property transaction and work under a licensed real estate broker. Agents must pass a state licensing exam and are required to pursue continuing education to stay updated on the latest real estate practices.
Real estate agents can focus on different types of properties, such as residential, commercial, or rentals, and typically earn a commission based on the property’s sale price.
A real estate broker is a step up from an agent. Brokers undergo additional training, have more experience, and are licensed to run their own firms. They can work independently or hire agents to work under their supervision.
Unlike agents, brokers earn through a mix of commissions from their own deals and a portion of the commissions earned by their agents.
While both real estate agents and brokers help clients navigate the property market, their roles differ significantly.
For those interested in a real estate career, understanding these differences can help determine whether to become an agent or pursue further education and experience to become a broker.
Proptech, or property technology, is transforming how both agents and brokers conduct business. This technological innovation is making the buying, selling, and managing of real estate more efficient and transparent.
Both agents and brokers who adopt proptech can offer superior services, making them more competitive in today’s market.
The choice between a real estate agent and a broker largely depends on the complexity of your property transaction.
Both professionals provide immense value, but the right choice depends on your specific needs and the nature of the transaction.
Understanding the roles of real estate agents and brokers is key to making informed decisions when buying, selling, or investing in property. While agents are often the go-to professionals for homebuyers and sellers, brokers provide advanced services and oversight, especially for more complex transactions. As proptech continues to advance, both agents and brokers are adapting to offer faster, smarter, and more efficient services. Whatever your real estate needs, choosing the right professional can make all the difference.
1. What is the main difference between a real estate agent and a broker?
A real estate agent works under a broker and helps clients with buying, selling, or renting properties, while a broker can operate independently and manage agents.
2. Can real estate agents work on their own?
No, real estate agents must work under a licensed broker.
3. How does proptech help real estate agents and brokers?
Proptech enables real estate agents to showcase properties online and manage deals faster, while brokers can use it to streamline transactions and manage teams more effectively.
4. Should I hire a real estate agent or a broker?
For simpler transactions like buying or selling a home, an agent is sufficient. For more complex deals or additional services like property management, a broker may be a better option.
By Proptechbuzz
By Ravi Kumar
