What is the difference between a Franchise Consultant and Franchise Broker? The simple answer is… “it depends on who you ask.”
Anyone who helps other individuals through the process of buying a franchise is considered a Franchise Consultant or a Franchise Broker. Below, we define the terms “Consultant” and “Broker” to clarify the differences.
According to Wikipedia, a consultant (from Latin: consultare "to deliberate") is a professional who provides expert advice in a particular area. A consultant is usually an expert or an experienced professional in a specific field and has a wide knowledge of the subject matter.
According to Wikipedia, a broker is an individual who arranges transactions between a buyer and a seller for a commission once a deal is executed.