If you wish to completely own your destiny.

Debbie Reynolds The best reason is the public understands and knows what a broker is. A Broker is perceived as knowing more than an agent and lends credibility to the industry in the eyes of the client. 

The best reason for having your broker's license is job security. You can always go out on your own.

I needed to be a broker to open my own office.

Debbie,
You mean other than wealth, fame and groupies? Oh, maybe in my next career. I like helping people and the flexibility to run my business the way I want to.

Sandy Padula and Norm Padula, JD, GRI have this one.  No regrets here. 

Good morning Debbie. At the time that I got it, it had more to do with my wanting the knowledge and then it turned into a career.

Do it now before your state makes it harder to obtain !

In Florida it is 72 hours plus 60 hrs post licensing. That's an additional 132 hrs of education which I felt was extremely important to have that additional education and broker level knowledge. I also like having the option of opening my own brokerage if I ever decided to do so.

Even as an associate broker within a large company it gives the agent that added leverage that they could go out on their own. in a word it provides options.

We are all brokers in Colorado, but to get your Managing Broker license requires a 3 day admin class.   I got it when I decided to MAYBE bring on another agent.

I like what Michael Setunsky said.  That's why we both have our Brokers license.

To control your future, boost income and freedom. 

More reconigition from the public over GRI, ABR etc.

I got mine just to have the knowledge and also if I don't like working for anyone I can open up my own office.  Priceless  

I've always had a broker's license, but here in NC we are an "all broker" state, which requires all licensees to become full-fledged brokers within two years of getting their licenses and being provisional brokers. It reduces liability for brokerage firms that way.

I still debate about it. At the moment, I do not see any advantages for my situation. 

The only reason would be if you decided to open a brokerage or get a job as the managing broker.

More control over your business decisions...

A great way to meet some great people, make friends, some forever,  help make dreams come true and make a living at the same time.

It is mandatory in Indiana.  There are no salespeople anymore.

When I got mine, I actually learned a lot of useful stuff while fulfilling all of the educational requirement.  Also, here it's required if you are ever want to open your own shop or (in DC at least) manage a branch office for a multi-office firm.

More extensive real estate education is always good and of course to open your own brokerage.

I don t think there actually are many reasons and I have one. 

I think it depends on the business model a person would follow after getting their broker license. If someone is going to run a one man office I can see a lot of advantages...like making more money and following your OWN office policy. If someone is going to take on other agents, then there is a lot more to this and you have to make sure you can supervise your agents and manage the office. 

In Colorado we have what's called single licensing. All agents start off as brokers, but have to spend two years being supervised by a managing or employing broker. After that an agent can take a test and become their own broker for their own company. There is more education required if the broker wants to take on other agents. 

The course for Brokers license will give yo a great idea if you know as much as you think you do.   It iwll also give you an idea if you want to be a BVroker in the future

I have cherished my broker's license. First and foremost, it increases your bottom line if you choose to use your own license (vs. hang it with a company). I also like not having to send me paperwork out for signing and review. Lastly, I get to decide what type of business I want to run as opposed to someone else telling me what's acceptable and what's not.

I can be flexible and in this business...that makes a big difference

I have been considering getting it.  I think it gives you a higher level of credibility with consumers.  I have no desire to be a managing broker though.

It is a good idea to have it, if you want to start your own company. A

To have control over your own work and keep 100% of what you earn.  When I worked for other brokers I found I was getting no support, no leads, and yet I was paying them.  If I was getting leads or valuable support I would have stayed an agent. 

Fly SOLO:)

To know that I can. That is the only designation that I plan to get, none of the other alphabet. 

you dont like to sell, or arent good at it, but u love managing people, teaching, training and good at paper work..

To show you are one of the best.

"Options" is probably the best answer. 

Honestly, I never wanted my Broker's license until I was, essentially, forced to open my own business... because no office here would let me do property management.   Property management income ended up saving me during the crash.

The broker license does come with an additional expectation (legally) of competence.  No-one ever expects to get sued but it does happen.  The broker license is a disadvantage in that scenario.  

I did it last year. Definitely learned a lot, well worth the time and expense.

I think there is more respect given to an agent that is a broker.  I first got my brokers license when my brokers health was bad.  I knew I could step in at a moments notice if necessary.

Not sure that there is much of an advantage other than the extra education.

Debbie - I have been considering getting my brokers license for a while, but I have no plans on going out on my own.

This is a two-stage process: you can have your broker license and continue to work under another broker. In this case, the additional education required to get the license should be beneficial. For marketing, it makes little difference sometimes as clients often do not differentiate between agent and broker. It does contrubute to a sense of independence and self-confidence when presenting yourself. Second stage is if you want to start your own company, then the broker license will give you the flexibility to do so and run your own show.

I am in the process of obtaining my Broker license.  I have all the credits I need now and all I have to do now is study and take the exam.  The reason I am getting it because of more knowledge.  It also shows more credibility to consumers.  This also give me the option to open my own firm in the future if I wish.

I have not come up with a good reason to be a broker yet after 31 years as an agent.  I do not want the reponsiblility.

If one wants to start their own brokerage would be my best reason, Debbie.

Debbie Reynolds I have all of the requirements to take the broker's exam and had them completed by 1999.  The real estate market was red hot so I never took the exam.  The word has been that in the future all Realtors will need to have a Broker's License to be a Realtor.  I'm looking into taking the Broker's Exam for self pride.  That is the number one reason but it will help promoting myself to clients in the future once it has been attained.

I got mine in 1978 and that's what I applied for....very few opted for a salesman's license....now there's no choice.... and it's probably for the best!! you'd only need it if you wanted to open an office.....

For those who don't want to work under another broker, this is the only option.   

Oh, I think it's very interesting what Evelyn wrote about Indiana!

The consumer associates a higher level of skill/experience when broker appears after the name. The rest of the alphabet soup does not produce the same result.

Of course, with a brokers license you are just one good attorney away from opening your own shop and commanding your destiny.

I wish I had got it. I did not see any reason to get the broker license and now  I wish I had.

Flexibility! Have had an Illinois Broker's license since the 70's and got one in Florida in the early 90's. The licenses have opened doors!

To better control your own destiny !!

Inspirational coach and baby sitter. I've thought about it because I love to build teams.

You need empowerment, and your broker is not available/interested in being there for you.

A protest about high commission and wish the option to own a brokerage.

Debbie Reynolds I think it's for mental satisfaction - and if you have desire to open the brokerage yourself , it is handy.

I think that seems to be the only difference between salesperson and broker in MA - to best of my knowledge.