Real estate agents facilitate sales and purchases between buyers and sellers or owners and renters. They are responsible for communicating offers, counteroffers and dealing with other agents to organize smooth transactions for their clients.
Real estate agents work with Toronto real estate agencies to act as the liaison for their clients during the purchase or sale of any property or piece of land. They must have a valid realtor’s license to work for a real estate agency.
On the other hand, while Toronto real estate brokers are also in charge of the communication between buyers and sellers, they can work independently, build their own agency, and hire real estate agents in Toronto and the GTA. Before an agent can act as a broker, they’re required to complete additional training and are often required to practice as an agent for two years before becoming a real estate broker in Toronto.