If you are looking into the real estate business from an outsider’s perspective, you might not be familiar with the different terms and positions that are found in the Real Estate community. There are differences. For instance, you have probably heard the term real estate agent, but are familiar with a real estate broker or realtor? Here at Real Estate Prep Guide, we provide you with the best preparation for testing. We want to help you succeed as you begin, or continue, your journey into the real estate business. Here are some of the terms of position to add to your real estate terminology.
Types of Real Estate Agents
- Realtor: Real estate agent and realtor are not the same. A realtor is someone who is licensed by the National Association of Realtors (NAR) and is therefore bound by their Code of Ethics and must uphold the standards of the association.
- Real Estate Agent: Here is where things get a bit tricky. Anyone who earns a real estate license can be referred to as a real estate agent. So, licensed real estate agents can include; real estate agents, sales professionals, associate brokers, and real estate brokers. If you don’t want to get technical, a real estate agent is someone who has taken the mandatory classes, went through the background check, passed the test, and is licensed to sell homes. Each State has their own individual requirements as far as hours and classes. In order to take the real estate agent test, you will have to have already completed the classes. In addition to the prerequisites, you will have to pay a non-refundable fee to take the test. This is where we come in. At Real Estate Prep Guide, you can significantly improve your ability to pass the test, because we have specific practice exams for each State in America. Follow our link and find your state on the left-hand column.
- Real Estate Broker: Becoming a broker adds in new responsibilities and is a position above the real estate agent level. Brokers can work alone or they can hire additional real estate agents to work for them. If a broker supervises real estate agents, they bear the responsibility for the actions of their real estate agents. If there are ever any problems with the sale of a home, the broker steps in to solve the issue. In order to become a Real Estate Broker, you have to spend the required time as an agent, take the necessary classes, and pass the real estate broker test. As with the real estate agent exams, we provide practice examinations for real estate brokers. Follow the link and find your state on the right hand column.
Real Estate Prep Guide
When it comes to real estate testing, we provide the practice you need to succeed. We have helped license over 50,000 students with an exam pass rate of over 95%. Real Estate Prep Guide gives you the advantage. Each question comes from experts in the real estate industry. Since each State has specific requirements, we tailor our tests to make them specific for your area. If you have a tablet or Smart phone, you will be able to review information and take practice quizzes anywhere you have reception. You can identify your weaknesses, and study those areas to help you increase your knowledge. With Real Estate Prep Guide on your side, you will be able to meet your real estate tests head on, with the comfort of knowing you are prepared to meet any challenge. Whether you are entering into real estate, or you are preparing to become a broker, Real Estate Prep Guide can help you pass your tests and succeed.