Secret expert differences do, however, come into play when looking at a property broker vs Realtor. A broker is a specialist who has actually taken extra education and has passed a special broker's licensing test. Although broker tests vary state to state, the coursework usually covers in-depth topics such as legal issues, running brokerages, financial investments, building and residential or commercial property management.Although there are a couple of kinds of real estate brokers, normally, you will find them handling property companies and its representatives, guaranteeing legal compliance, and reviewing contracts. Essentially, the distinction between property representative and Realtor boils down to professional certifications. On the other hand, the difference in between broker and Real estate agent is more closely associated to the functions and duties dealt with by each expert.