What is a real-estate license?

This being said, what exactly is a Realtor license?

Two types of realty licenses are available in most states: a sales (or salesperson), and a broker. A designated broker is a person who works for real estate agents and provisional brokers, or associate brokers in certain states.

You may also wonder, "What does a real estate license mean?" Your license allows you to earn commissions from sales and purchases. The commission for agents is 6 percent. The buyer's agent receives half of the commission, while the seller's agent gets the other half. Some of the commissions you earn will be retained by your broker.

You may also wonder, "What is the difference between a realtor and a real-estate agent?"

A real estate agent is someone who has a valid license. Agents assist people in buying and selling residential and commercial properties. Agents can become Realtors by becoming active, paying members of National Association of Realtors.

What is a real-estate brokerage?

Real estate broker. A realtor, real-estate agent, or broker represents buyers and sellers of real properties or real estate . Although a broker can work on their own, agents are usually licensed brokers to represent clients.