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This question is about what an associate broker does, what a broker does, and associate broker.
Broker Associate vs Broker
A broker associate is an individual licensed as a real estate broker, but who works as a salesperson under a broker or corporation, while a broker is an individual or firm that acts as an intermediary between an investor and a securities exchange.
An associate broker shows real estate properties to prospective home buyers and gives offers to sellers for consideration. An associate broker has a real estate broker license but chooses to work under another broker. In general, associate brokers do not supervise other agents.
Brokers oversee transactions and daily operations in a real estate office. They also hire agents, train new hires, and manage administrative staff. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
The main difference between a broker associate and a broker is that a broker associate typically works under a broker. An associate broker is subordinate to and may take direction from a broker. Here are some other key differences between a broker associate and a broker:
Broker associates show properties to prospective clients
Brokers are usually more office-bound, conducting transactions and administrative duties in a real estate office
Broker associates have a lower salary than brokers
Brokers may be in charge of many other agents, including broker associates
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