Rainmaker
782,656
782,656
The Woodland Companies - Austin, TX
Land Specialists
Ambassador
6,258,778
6,258,778
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671
Rainmaker
4,774,836
4,774,836
Dallas, TX
REALTOR®, Broker
In the state of TX a licensee must have a sponsoring broker to have an active license. That sponsoring broker is responsible for all the actions of the licensee. The licensee can only received compensation from their sponsoring broker.
Sep 03, 2015 05:14 AM
Upvote
1
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Hella M. Rothwell, Bro...
Carmel by the Sea, CA
Ambassador
3,987,926
3,987,926
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730
The principal broker has years of experience and is supposed to supervise the affiliates. That is the law in most states.
Aug 17, 2016 11:11 AM
Rainmaker
1,683,556
1,683,556
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN
In Indiana, all Real Estate agents must be under a registered Managing Broker in the state, to even be able to work as a Real Estate Agent.
Sep 03, 2015 11:32 AM
Rainer
32,619
32,619
Exit Realty Ascendancy - Stansbury Park, UT
I treat all my clients like million dollar clients
I was more curious on why you thought this was required, I know that it is the law.
Sep 03, 2015 10:58 AM
Rainmaker
4,800,082
4,800,082
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate
Because all agents are not considered to be able to manage real estate without the supervision of a broker. (Stock Answer)
In reality, it was a great way to set up a system for brokers to be able to make money from their agents, going back to the dark ages.
Sep 03, 2015 05:15 AM
Ambassador
4,319,119
4,319,119
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale
Amanda Brown most states require that the agent work with a broker before practicing real estate independently.
Sep 03, 2015 04:53 AM
Rainmaker
1,466,207
1,466,207
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA
Amanda Brown In my state you cannot practice real estate without having a license and associated with a principal broker. The only exception is if you are a broker, then you have to get licensed as a sole proprietor or firm. The principal broker is responsible for all the activities of all sales persons within the office.
Sep 03, 2015 03:12 AM
Rainmaker
292,635
292,635
Exit Strategy Realty - Evanston, IL
Illinois has removed license for sales agent. You now must be a broker or broker manager. Which means you can work for yourself and be self managed or if you do not take the extra course to be a broker manager then you must work for someone who has that license.
Sep 03, 2015 02:11 AM
Rainer
216,904
216,904
Coldwell Banker Realty - Elmhurst, IL
Luxury Property Specialist, CSC, SFR
They must have a managing broker. An agent can be both their own managing broker and sales agent, but it is all a matter of licensing law. To be clear, that managing broker must have a managing broker's license; not only a real estate sales license. As Annette stated, it is law.
Sep 03, 2015 01:46 AM
Rainmaker
921,404
921,404
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ
It is the LAW!
Read the details of the AR question posted this morning.
http://activerain.com/questions/show/39384/only-ca-real-estate-agents-what-is-this-is-it-legit-or-fake-did-you-receive-this-email-what-to-do-about-it-remove-the-wording-independent-from-all-the-marketing-copy-of-the-email-below-
Sep 03, 2015 01:29 AM