What’s the difference between a real estate broker vs an agent? With a broker’s license, a broker can open their own real estate brokerage as well as manage and collect fees from real estate agents. Real estate agents have to work for a broker while a broker can run their own business.

Being a broker comes with some perks, but also a lot of responsibility. In this article, we’ll break down the differences between real estate agents and real estate brokers, and what they actually do day-to-day. You’ll get everything from annual income to a full job description.

If you’re looking to level up your game from agent to broker or need some quick answers about the differences between agents and brokers, read on.
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If you want to learn how to start a real estate brokerage in 2020, you could do worse than learn from Jeff. Jeff (not his real name) was a Brooklyn kid who managed to grow a literal mom-and-pop brokerage in Williamsburg to a small empire he sold to NRT for a reported mid-eight figures.

Now you might be thinking that Jeff was lucky. That he started at the low end of the market and rode one of the largest upswings in New York City real estate history all the way to F#$&* You money. You’d be right, of course, but you’d also be missing the point.
[Read more…] about How to Start a Real Estate Brokerage in 2020 (Without Going Broke)