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Erica Carlson

Answers by Erica Carlson

1 answers · 5 pts

What is a broker and are brokers paid more?

Asked by Margaret | Havana, FL | 03-22-2023

Erica Carlson
Erica Carlson04-11-2023 (2 years ago)

I am in Minnesota. A broker is like the head of the organization. They might be an active agent, they might be a former agent. In my state, you have to have been an agent for 3 years before you can become a broker. Some people get the additional license because they want to run their own brokerage and others do it just to get more education and never really use it. If you find an agent that is also a broker; just know they should be very knowledgeable, but it should not necessarily cost you more than any other agent in my experience. (in other states (like on HGTV) I have heard them call agents brokers and I think that is where some confusion comes from)