Agent? Associate Broker? Designated Broker? REALTOR? What is the difference?

Agent? Associate Broker? Designated Broker? REALTOR?  What is the difference?

Did you read the other post “What is a REALTOR”?

In the Great State of Arizona a real estate agent or broker can be a REALTOR if they subscribe to the NATIONAL ASSOCIATION OF REALTORS and follow their Code of Ethics.

A real estate agent is a person that has completed a minimum level of education required by Arizona Department of Real Estate and successfully passes the state test.  One more step, to be able to practice real estate that agent MUST be employed by a Designated Broker.  Ahh!

A Real Estate Broker is… Try this play on words to help describe the difference:

If an agent’s knowledge of real estate is like a bachelor’s degree
Then a broker’s knowledge of real estate is like a master’s degree.

The point here is, before becoming a broker one must first be an agent for a period of years. Then go back to school for more classroom hours of education and pass another state test to the upgraded license of Real Estate Broker.

The Associate Broker title indicates that person is now licensed as a broker and continuing to assist people in the buying and selling of real estate.

A Designated Broker is responsible for all of the agents and associate brokers in a company, and ensures the overall success of the brokerage.

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