What is the difference between a real estate agent sales person and a real estate broker associate?

The Real Estate Broker is basically the owner of the real estate firm, especially in the case of small firms. If you were to get your brokerage liscense you could open your own real estate company and you would have real estate agents or "sales people" that would work for you selling the houses. The way the residential real estate busines works in general is this. When a house is sold using the professionals in the business (Not sold by owner) a % (usually 6%) of the selling price gets split between 4 parties. (Remember this is in general and there are all kinds of exceptions and deals that are made to change the breakdown i am giving you. 6% of the sale price split up between 4 parties; 1- Usually 1 -1.75 % goes to the Agent who listed the house for the seller. 2- Usually 1.25-2% goes to the Broker who owns the company that the listing agent works for 3- Usually 1 -1.75 % goes to the Agent who found the house for the buyer. 4- Usually 1.25-2% goes to the Broker who owns the company ...  more