What is the difference between a sales person and a broker? A real estate salesperson or broker is a professional licensed by their state to help consumers with real estate matters. A salesperson must work under a managing or principal broker, this is the broker who is in charge of the brokerage firm.
Some states only license brokers, in that case, new brokers may be called broker associates and required to work under a managing or principal broker. Much like a salesperson.
A managing, principal or employing broker is a licensed broker who is in charge of a brokerage firm and the salespersons or broker associates of the firm.
Typically to become a managing broker at least two years of active license experience and further course work and sometimes license exams are required.
No matter if you are a real estate salesperson, broker associate or managing broker the job is the same work with buyers, sellers, tenants and landlords to help them reach an agreement.
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