Real estate agents, brokers, and realtors are often considered the same. In reality, these positions have somewhat different responsibilities.
People also ask
What is the highest a realtor can make?
The Bottom Line
The average salary for a California real estate agent is around $93,163 annually.
The highest earners can make over $100k per year.
The California realtor commission typically averages 5.14%
The total commission is split between the buyer's agent and the seller's agent.
How much can you make as a realtor in Florida?
$44,800 is the 25th percentile. Salaries below this are outliers. $74,700 is the 75th percentile.
What is a dual agent?
Legally speaking, a dual agent is a real estate broker, or agents working for the same broker, who act on behalf of both the seller and the buyer in a transaction. A broker is permitted to act as a dual agent in California only if the buyer and seller are both aware of and consent to the dual agency.
What's the difference between a broker and a real estate agent?
Key Takeaways
Real estate agents are licensed to help people buy, sell, and rent real estate and must work for a sponsoring broker or brokerage firm. Brokers have additional training and licensing requirements and can work independently or hire other real estate agents to work for them.
Nov 23, 2022 · The terms “Realtor” and “real estate agent” aren't exactly interchangeable. Find out the key difference between the two in this blog.
The broker is a real estate agent (in other words also assists in selling and marketing) that has had more formal education and higher-level licensing. Real ...
A real estate broker is someone who has taken education beyond the agent level as required by state laws and passed a broker's license exam. Similar to real ...
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Oct 11, 2022 · Yes. Although both real estate agents and Realtors are licensed to sell real estate, each title refers to a specific type of real estate ...
A real estate agent is a professional who assists in buying and selling properties and has obtained a real estate license to do so. Real estate agents can work ...
A real estate agent license is the state-issued license that allows the license holder to legally assist the general public in buying and selling real estate.
May 1, 2023 · “Real estate agent” and “Realtor” are two terms that often get used interchangeably as if they're one and the same.
Sep 8, 2023 · They do all the same tasks as real estate agents during the buying and selling process. They're both experts in the real estate industry, and ...
A real estate agent is a licensed professional qualified to help clients buy and sell property. They use knowledge of the local market, property values, and ...