In order to maintain their licenses, employing brokers must appoint and maintain a place of business.
According to the definition of an employing broker, a licensed broker hires a real estate agent or salesperson who is also licensed to sell or rent certain properties. After completing real estate transactions, an employing broker is required to send the given agent a commission.
The licensee may oversee other brokers if they hold an independent or employing broker license. Managing brokers may be in charge of real estate firms. A person who holds an independent broker license is able to operate independently as a sole proprietor.
To learn more about employing brokers
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