| Aspect | Licensed Real Estate Agent | Real Estate Broker |
|---|
| Credentials | Requires passing licensing exam and working under a broker | Requires additional licensing, education, and experience |
| Work Environment | Assists clients in buying/selling properties under broker supervision | Can operate independently, manage agencies, and oversee agents |
| Industry Usage | Commonly employed by real estate firms to represent clients | Often owns or manages real estate firms and agents |
The main difference is that Licensed Real Estate Agents work under a broker's supervision and cannot operate independently, while Real Estate Brokers have additional licensing that allows them to run their own agencies and oversee other agents. Both roles require similar initial credentials, but brokers have more responsibilities and authority in the industry.