What is the difference between a realty salesperson and a broker? Is it different by state?
A real estate sales associate is an agent who works under the guidance & direction of a real estate broker.
A sales associate can work for a developer if the developer is registered with the state they are in.
A REALTOR is a term given by the National Association of Realtors to people who have taken in depth extra real estate training & can not be used by any real estate sales associate or broker who hasn’t been granted the title.
All states work this way that I am aware of.
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April 30th, 2010 at 8:38 pm
Goood question, I want to know as well.
References :
April 30th, 2010 at 9:00 pm
A real estate sales associate is an agent who works under the guidance & direction of a real estate broker.
A sales associate can work for a developer if the developer is registered with the state they are in.
A REALTOR is a term given by the National Association of Realtors to people who have taken in depth extra real estate training & can not be used by any real estate sales associate or broker who hasn’t been granted the title.
All states work this way that I am aware of.
References :
Fl Real Estate Sales Associate =)
April 30th, 2010 at 9:21 pm
A realty salesperson is one who works in an office of a broker who has had the schooling and a Broker’s License, enabling him to operate a Real Estate business. The salesperson is an independent contractor who earns commissions by selling or renting homes/businesses through that Real Estate Business. Brokers and Salespersons, known as Sales Associates, must be Registered by the State they live in. The Broker, is usually the "Owner" of the business and sets certain rules for the people who work under him. However, being an independent contractor, the salesperson does not have to commit himself to being "instructed" to participate in any of the office procedures. He guides the persons who work in his office. Salespersons must earm the commissions and then they will receive a percentage of that commission for performing their jobs. The broker, after all commissions have been distributed to the salespersons, uses the remainder of the commissions for payment of advertising the homes and businesses for sale, and other office expenses, like books, paper, telephone bills, listing sheets, etc., and pays wages to a secretary in the office. The remainder is the broker’s income. It’s a very involved business and the salesperson doesn’t have any responsibility other than to keep his "listing" book up to date and sell as many listed properties as he can to make a decent living. The broker has all the responsibility, and if he isn’t satisfied with a salesperson’s activity in his office, may at that time, decide to end the participation of that salesperson with his office.
An added note: Some Brokers pay their office bills "first", before distributing a percentage of the commissions to the salespersons. If a salesperson from another Broker’s office sells a listing from your office, as listing Broker, the commission must first be divided between the 2 offices, before the salespersons who work in the "listing" office receive their share of the commission.
References :
I am a retired Real Estate Broker, and started out as a rental agent, working under a Broker. I then had to take extensive Real Estate courses and heavy examinations in order to become a Licensed Real Estate Broker and joined the Board of Realtors, and became a New York State Realtor. Lots of hard work, Each State has it’s own rules about Real Estate Brokerage. It may have changed since I retired many years ago.