A real estate agent is one who has completed educational classes involving rules, regulation and laws related to real estate in the State they practice. In addition, they must be knowledgeable about State andFederal fair housing and discrimination laws. Most will have good marketing skills and possess excellent negotiating skills as well. Verses, there are 3 types of brokers in real estate. The real estate brokers of which there are three types. A “Principal Broker” would be the owner of a real estate company. Some are active in the daily operation; others may not be. But regardless, they are responsible for the policies of their company. “Broker/Manager” is a person who runs a real estate office for a Principal Broker if, the principle is not always available. They oversee the day-to-day operation of a real estate company and enforce the policies set by the principle. An Associate/Broker is an individual who primarily is a sales agent with a higher level of training.
A real estate agent must be licensed as such for a minimum of 2 years before being eligible to apply for the real estate brokers exam.
New Hampshire, Massachusetts and Maine require that all real estate agents and brokers attend continuing education classes and testing to renew their licenses every two years.