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What is the difference between a real estate broker and a realtor?

Broker vs. Realtor, explained A real estate broker is someone who has taken education beyond the agent level as required by state laws and passed a broker’s license exam. Similar to real estate agent exams, each state sets its own broker education and exam requirements.

What are the two types of broker-dealers?

There are two types of broker-dealers: 1 A wirehouse, or a firm that sells its own products to customers; and 2 An independent broker-dealer, or a firm that sells products from outside sources. More ...

What are the multiple roles of a broker-dealer?

The Multiple Roles of a Broker-Dealer. By definition, broker-dealers are buyers and sellers of securities, and they are also distributors of other investment products. As the name implies, they perform a dual role in carrying out their responsibilities.

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