What Is the Primary Difference Between an Agent and a Broker

question 130

Multiple Choice

What is the primary difference between an agent and a broker?

• A) An agent gets compensated based on commission while a broker generally charges fees for his services.
• B) A broker works only for a seller whereas an agent can represent a buyer or a seller.
• C) An agent represents a company on a permanent basis while a broker is employed temporarily.
• D) An agent has much more extensive knowledge about the products he deals with than a broker does.
• E) Brokers have long-term relationships with their customers while an agent's relationships are generally short-lived.

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Definitions:

Long-Term Goal

Objectives or plans set to be achieved over an extended period, often concerning career, education, or personal development.

Success Formula

A defined strategy or set of principles believed to lead to achieving success in a particular field or activity.

Personal Habits

Regular practices or routines that are unique to an individual, which can impact their health, well-being, and productivity.

Resistance

The refusal to accept or comply with something; the attempt to prevent something by action or argument.