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To: DumpsterDiver
Forgive my ignorance, gub, but what is the difference between a real estate broker and a realtor?

No apology necessary. Those terms are usually confused & used loosely. The term "Realtor" means you belong to the National Association of Realtors.

The real distinction is between broker & agent. An agent must work for a broker who reviews & signs off on the agent's paperwork. The broker gets the full commission & then splits it with the agent. So if you are an agent you must split your commission with your broker. However, if you are a broker, & complete the deal yourself, then you get the full commission. A broker can own their own company & complete sales/purchases on their own.

33 posted on 11/18/2003 3:39:43 PM PST by gubamyster
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To: gubamyster
Thanks. Would I be correct in assuming that realtors and selling agents are doing the same job, just with different job titles? Or are there separate licenses for each, with one having more training than the other?
39 posted on 11/18/2003 3:52:07 PM PST by DumpsterDiver
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