Yes, 6% is the typical commission paid, although that will be split between you and an agent representing the buyer, if there is one. So you get 3%, and then a percentage of that does go to your broker. That varies depending on the broker you work for.

Depends on the state. I am in a Broker only state (NC) I took my regular RE classes and got a provisional broker status meaning I have my Broker in Charge over me. I have to take 3 more classes to get the provisional removed. I have 3 years to do this but can do it as quickly as I can. I have been in RE for just under 2 years and I am about to take my 3rd class. To be a independent broker I have to have 3 years experience.

Generally, the agent has a lesser license than a broker. In some states an agent can have his or her own office, but in most an agent must work under a broker’s supervision. Normally, a professional must work several years as an agent before he or she can be considered for a broker’s licence.

The terminology used to identify real estate professionals differs a little from state to state. Brokers are usually required to have more education and experience than real estate agents. The person you normally deal with is a real estate agent. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker’s name, not the real estate agents.

Depends on the state. I am in a Broker only state (NC) I took my regular RE classes and got a provisional broker status meaning I have my Broker in Charge over me. I have to take 3 more classes to get the provisional removed. I have 3 years to do this but can do it as quickly as I can. I have been in RE for just under 2 years and I am about to take my 3rd class. To be a independent broker I have to have 3 years experience.