Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (24314)	2/24/2005 6:01:50 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 116555

I'm not aware of any state which does not distinguish between: a "real estate salesperson" who generally need a few real estate classes and an easy licensing test; and a "real estate broker" who need more classes, a modestly harder test, and either a college degree or a certain period of experience as a "real estate salesperson". Not surprisingly, a "real estate salesperson" must work under the supervision of a "real estate broker", while a "real estate broker" may work independently or for another "real estate broker". Both broker and salesperson can be generically referred to as a "real estate agent". If either salesperson or broker join the Association of Realtors, they may call themselves a Realtor. The "real estate broker" ultimately responsible for supervising other agents, or just themselves if working independently, is referred to as the Designated Broker. Each brokerage company has only one Designated Broker. Obviously the Designated Broker is the one who decides the parameters for what services or commission structure can be offered. The Designated Broker at large firms usually allow their agents broad discretion in negotiating commissions with their clients. A Designated Broker working for themselves obviously has the widest discretion of all, being able to offer their clients any terms or services allowed by law.