Thank you everyone for your help with my class so far, I have another question for a project: Why must agents be affiliated with a principal broker?

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Amanda Brown, I treat all my clients like million dollar clients (Exit Realty Ascendancy)

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Rainmaker
797,336

The Woodland Team North Shore Lake Superior

The Woodland Companies - Grand Marais, MN

Land Specialists

Knowledge, responsibility, structure.

Dec 23, 2018 01:50 AM

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1

Bob Crane

Stevens Point, WI

Ambassador
6,844,216

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Guidence and responsibility.

Jul 01, 2018 09:11 PM

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1

Bob Crane

Stevens Point, WI

Rainmaker
5,238,726

Richard Weeks

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

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1

Hella M. Rothwell, Bro...

Carmel by the Sea, CA

Rainmaker
3,988,194

Debbie Reynolds, C21 Platinum Properties

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

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Rainmaker
1,683,918

Larry Johnston

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

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Rainer
32,669

Amanda Brown

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

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Rainmaker
4,322,995

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston 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

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Rainmaker
1,466,257

Michael Setunsky

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

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Rainmaker
292,735

Jack Lewitz

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

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Rainer
216,960

Sharon Altier

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

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Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

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

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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.
The principal broker has years of experience and is supposed to supervise the affiliates. That is the law in most states.
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.
I was more curious on why you thought this was required, I know that it is the law.
Amanda Brown most states require that the agent work with a broker before practicing real estate independently.
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.
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.
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.
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-