While the terms Real Estate Broker and Real Estate Agent are often used interchangeably in Utah and Nevada, they are very different. A Real Estate Agent is an individual who has completed Real Estate School, either online or in person. They also must complete certain background checks and be approved by the State governing body. This authorizes them to help buyers and sellers complete real estate transactions under the supervision of a Real Estate Broker. A Real Estate Broker has not only completed the requirements to become an Agent, but must also complete 120 more hours of formal education in addition to work experience. Because they are a Broker, they are eligible to open a Real Estate Brokerage and have Agents (and other Broker’s) affiliate with their organization. In the State of Utah, a Broker can be responsible for up to three real estate offices.
So is a being a Broker better than an Agent?
No. What makes someone great in the real estate isn’t dependent on that 120 hours of additional seat time or the title next to their name. In fact, many agents are better than their brokers at selling real estate. A great agent is someone that listens to their clients needs and helps them achieve their goals! A great Real Estate Brokerage, however, can make any agent, no matter their skill level, shine above their peers by providing superior marketing, technology, education, research, and support.