I was thinking of getting my real estate license but i want to to know whats better what and gets more money?
BRoker has more training and experience than an agent. More initials after their name for coursework completed. Different license category. Brokers employ agents.
The terminology used to identify real estate professionals differs a little from state to state. Brokers are usually required to have more education and experience than real estate agents. The person you normally deal with is a real estate agent. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker's name, not the real estate agents.
It depends on which state you are in. Some states don't have agents, all of their real estate professionals are brokers. Some states (like mine, Ohio) have agents and brokers. Agents can not be paid directly for any real estate commissions, all commision payments must all go thru a licensed broker. Brokers have more training and usually more experience. In Ohio, you have to have a certain number of transactions (listings/sales/leases/etc) to apply for a broker's license. Also, you have to complete more real estate courses and have a minimum of 90 credit hours of college coursework. You also must have been an active full time agent for at least 2 of the previous 5 years. This is all in Ohio, so it may be very different where you are. As to which pays better: that depends. Brokers generally get either a percentage of each agent's commision or they are paid monthly desk fees by each agent. But they also have to pay out overhead expenses for the office as well as supplies, etc. It really depends on how each brokerage is set up. If you are an agent, you have to pay the broker, either as a percentage or monthly fee (or however else your particular office is set up, it does vary). But as an agent, you don't have a lot of the headaches and hassles that a broker has. They are responsible for a huge amount of stuff, including making sure that all agents are doing their jobs correctly. Because generally if the agent gets in trouble with the state for some licensing violation, the broker is also in trouble because the state feels they weren't properly training and/or supervising their agents. In answer to your question, you probably need to get some experience before you think about a broker's license or running your own business. Real estate is much more complex than it first appears. The amount of rules, regulations, laws, and canons governing real estate transactions is kind of mind-boggling.
