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Definition of a Real Estate Broker

By , About.com Guide

Definition: A real estate broker is an individual who has passed a real estate broker's exam to be licensed as a real estate broker. Licensed brokers represent sellers and buyers in real estate transactions and can legally collect a commission.

Brokers often have more education or more training than a real estate agent. A broker can own a real estate company and hire real estate agents. Real estate agents cannot work by themselves and must work for a real estate broker.

All listing agreements belong to the real estate broker and not to the real estate agent.

At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

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