Real Estate Broker vs Real Estate Agent
What is a real estate agent?
An agent is the profession title that most people think of when talking about real estate Sales or rentals. Agents are responsible for all property related tasks such as meeting with clients, listing a property online, cooperating with other Agents, hosting open houses, and doing everything else involved in selling property. In Thailand, any individual can call himself an “Agent;” there is therefore no such thing here as a professional agent. For an Agent to be considered a Professional Agent, he should have both experience and training. In addition to providing a tutored experience with a RE/MAX Broker, we conduct a series of real estate classes. The Certificates we issue to successful trainees are recognized throughout the industry.
Agents that operate independently called Freelance Agents. The RE/MAX Training program is open to all.
Agents earn money by receiving a commission, usually a percentage of the properties’ selling price. The amount of the commission paid to an Agent may vary, but will be agreed by the Agent and the Broker as a term of their relationship.
What is a real estate broker?
A Broker is someone who has taken his real estate career to the next level and appoints other agents with whom they work. So, one way of distinguishing a Broker from an Agent is that the Broker will own the business of the agency.
Brokers have more freedom to structure their real estate careers and a greater opportunity to earn higher income. Brokers can choose to operate as agents themselves and not share their commission with any agents. They also have the option to build an agent network and appoint real estate agents to work with them. Brokers may venture into property management, working with big corporations, developers and expand into the global market.