What Is Broker?
A licensee qualified to operate a real estate business independently, employ sales associates, and hold escrow deposits; brokers carry supervisory responsibility for the associates registered under them.
Broker across 3 exams
Broker appears on the following exams. Each defines it in the context candidates are tested on:
- FL Sales Associate
- A licensee qualified to operate a real estate business independently, employ sales associates, and hold escrow deposits; brokers carry supervisory responsibility for the associates registered under them.
- FL Broker
- A real estate licensee who performs real estate services for another person for compensation and is authorized to operate independently, open a brokerage office, and employ other licensees.
- NC Broker
- A licensed real estate professional in North Carolina authorized to represent buyers or sellers in real estate transactions; unlike many states, NC licenses all agents as 'brokers' rather than 'salespersons.'