A real estate agent, realtor or broker is someone who traditionally represents buyers or sellers of real estate. While a realtor can work on his or her own, usually working under a licensed real estate agent to represent buyers, an individual realtor generally works under an agent to sell properties for a fee. In some cases, there are no agents for selling real estate properties at all and a buyer or seller will take on the responsibility and risk themselves in finding the property on their own.You may find more information at Merrick Property Group – Real Estate Agent.
The main difference between a real estate agent and realtor comes from how the two are used. A realtor generally represents the seller in a transaction, while an individual agent typically represents the buyer. In the United States, agents are required to be licensed by the MLS or Multiple Listing Service whereas a realtor is not required to be licensed by law. In some states, realtors are not permitted to conduct business as self-professionals, while agents are allowed to do just that under certain circumstances.
To become a real estate agent, one can go through a number of steps. To begin with, they must complete a four-year bachelor’s degree from an accredited university or college followed by four years of college courses and experience working as an agent in the field. After completing the required coursework and earning the necessary licenses, they can work toward the Master’s degree, which takes about three years. Once you have earned your Master’s degree, you will need to take a series of examinations to verify that you met the requirements to become a real estate agent and then sit for a licensing exam.