1. What is the main difference between a real estate agent

and a real estate broker?

a) A broker has more education and experience than an

agent.

b) A broker can work independently or hire agents, while

an agent must work for a broker.

c) A broker can handle any type of real estate transaction,

while an agent can only handle residential transactions.

d) A broker is licensed by the state, while an agent is

licensed by the National Association of Realtors.

* b) A broker can work independently or hire agents, while

an agent must work for a broker.

Rationale: A broker has attained a higher-level license than

an agent and can supervise agents or work on their own. An

agent must work under the supervision of a broker and

cannot hire other agents.

2. What are some of the duties and responsibilities of a real

estate broker working for sellers?

a) Listing homes for sale on the local MLS and sharing

them with other brokers

b) Advising the seller in preparing their home for listing

and showings

c) Helping the seller negotiate offers and execute a

purchase contract with a buyer

d) All of the above

* d) All of the above