3 Types of Real Estate Brokers
Real estate brokers have varying responsibilities and titles depending on the career path they decide to take. Regardless, going from real estate agent to broker opens up a number of possibilities. Depending on your needs and ambitions, consider becoming a designated, managing, or associate broker. https://finance.yahoo.com/news/best-luxury-atlanta-broker-luxury-040000205.html The three major types of real estate brokers are: Designated Real Estate Brokers By law, every real estate agent and every real estate agency must be overseen and managed by a real estate broker. Legally speaking, that broker is called the designated broker and bears the legal responsibility for all transactions that agents working under them completely. Designated brokers who own the brokerage for which they are the designated broker are sometimes called broker-owners as well. Though designated brokers are legally responsible for a real estate brokerage, their participation in day-to-day brokerage op