Real Estate Agent vs. Broker: Exploring the Key Differences, Requirements, & More

What’s the Difference Between a Real Estate Agent and a Real Estate Broker?

A high-level breakdown of the difference between these real estate professionals is that a real estate agent is licensed to help clients buy, sell, and rent properties. In contrast, a real estate broker has advanced credentials and more responsibilities to go along with them.

Also, real estate brokers must have prior experience as agents. As a result, a broker can handle essentially any type of real estate transaction.

Real Estate Broker vs Agent: Definitions and Roles

While they have similar job titles, understanding the difference between these roles is crucial before you start buying a home before you move forward with your next transaction. 

Defining these two roles and the types of tasks they generally perform helps demonstrate how they vary from each other. Agents must work under the guidance of a broker as well, so working with an agent doesn’t mean sacrificing any support you may need from a broker at specific points.



A real estate agent is a licensed professional who helps clients buy, sell, or rent properties. The typical duties of a real estate include:

• Listing homes for sale
• Marketing properties
• Arranging showings
• Negotiating contracts
• Guiding clients through the transaction process

An agent works under a real estate broker's supervision while acting as an intermediary between buyers and sellers. The goal of a real estate agent is to help establish contractual obligations for the transaction and ensure both parties meet their end of the deal.

A real estate broker has more advanced credentials than an agent. Brokers can perform all the duties of a real estate agent and take on more advanced tasks involved in real estate transactions.

Brokers work independently, run their brokerage, and typically hire real estate agents who work under them. A broker will oversee the more granular aspects of transactions to ensure everything meets all legal and ethical standards. 

Additionally, brokers manage the brokerage’s operations, provide training and support to agents, and handle complex negotiations. They often need to be available to solve problems during a transaction.

What is a Realtor?

On top of agent and broker, you’ll likely also come across the term realtor. What does it mean to be a realtor, and where does it fit into these two job titles?

A realtor is a member of the Canadian Real Estate Association (CREA) as “realtor” is a trademarked term of the organization. Any real estate professional who’s a member can use this title.

A real estate agent and broker may or may not be a realtor. Many professionals choose to become a realtor for the added access to training, networking, and credibility — however, it’s not a requirement.

Licensing and Education Requirements

What does it take to become a real estate agent or a broker? The requirements can vary by specific region, but generally speaking, both require specific training and licensing. Let’s explore the differences between these requirements.

Real Estate Agent

Becoming a real estate agent requires individuals to complete a set amount of pre-licensing coursework, which varies by state, and pass a licensing exam. Some areas also require real estate agents to attend ongoing education to maintain their licenses.

The coursework covers real estate principles, practices, contracts, and state-specific laws. Graduates of these courses are equipped with all the knowledge and skills necessary to help clients make successful transactions.

Once licensed, agents must work under a broker's supervision and may pursue additional certifications to specialize in residential, commercial, or luxury real estate areas.

Real Estate Broker

Brokers must first gain experience as licensed agents. They then must complete additional education and pass a more comprehensive broker's exam. 

The requirements for becoming a broker are more stringent due to their greater level of responsibility. Broker coursework includes advanced topics in real estate law, ethics, finance, and property management.

Additionally, brokers often participate in continuing education to stay current with industry trends and regulatory changes.

Authority and Responsibilities

Now that we know the different licensing and education requirements, what responsibilities do these roles typically take on? We’ll break down each of their most common responsibilities.

Real Estate Agent

Agents have the authority to represent buyers and sellers in real estate transactions. They can show properties, negotiate deals, and assist with the paperwork, but they must work under the supervision of a licensed broker. 

Real estate agents provide valuable market insights, help clients understand the buying or selling process, and ensure all transaction details are handled efficiently. However, they rely on their brokers for legal and contractual guidance.

Real Estate Broker

Brokers have broader authority and can work independently. They oversee transactions, ensure compliance with real estate laws, and manage the agents working under them. 

These experts are responsible for their agents' actions and the brokerage's overall operation. Brokers handle disputes, conduct training sessions, and may specialize in more complex transactions such as commercial real estate or property development.

Choosing Between an Agent and a Broker

When deciding between a real estate agent and a broker, focus on your needs. Let’s review the main reasons why you may wish to choose one professional over the other:

• Real estate agent: Suitable for routine transactions, first-time buyers, and sellers who need standard market guidance. Agents are ideal for those who want personalized attention and detailed assistance throughout the buying or selling process.
• Real estate broker: Ideal for complex transactions, commercial properties, or when you need an expert to manage multiple agents and ensure legal compliance. Brokers are well-suited for clients who require high-level expertise and strategic advice for significant investments or unique property needs.

Tips for Determining the Right Professional for Your Needs

It can still be a challenge to land on the right option, so let’s provide a few more tips to help you find the right expert:

• Assess the complexity of your transaction: Simple residential transactions might only require an agent, while more intricate deals may benefit from a broker's expertise.
• Consider the level of expertise required: If you need specialized knowledge or advanced negotiation skills, a broker might be the better choice.
• Evaluate the reputation and experience of the professional: Look for reviews, referrals, and past client testimonials to gauge their effectiveness.
• Seek referrals and read reviews: Personal recommendations and online reviews can provide valuable insights into the professional's reliability and service quality.

You’re ready to start reaching out to real estate brokerages now that you understand which type of real estate expert you need. Keep in mind that real estate agents work under brokers, so even starting with an agent means still getting support from a broker when necessary.

Work with Andra Arnold for Experienced Real Estate Agents and Brokers

Understanding the key differences between a real estate agent and a broker is essential for making informed decisions in your property transactions. By recognizing their unique roles, educational requirements, and responsibilities, you can choose the right professional to meet your needs. 

Whether you opt for an agent or a broker, ensure they have the experience and skills to guide you. Make sure they have the right licenses, years of experience in the area, and a track record of happy clients.

Andra Arnold is a leading real estate brokerage in Guelph and the surrounding areas. We’ve built a reputation for helping customers find the perfect property that meets their needs, preferences, and budget.

Ready to begin the process of finding your next home? Contact our qualified real estate professionals to get started.