What is a real estate broker?

A real estate broker is defined as a licensed professional who has met specific educational and experiential requirements to operate independently or own a real estate firm. Brokers have a more advanced level of training compared to real estate agents, which allows them to engage in activities such as managing their own business, supervising real estate agents, and overseeing transactions on behalf of clients.

To become a broker, one typically needs to complete a certain number of hours of coursework in real estate, as well as pass a licensing examination that covers various aspects of real estate law, ethics, and practices. This level of expertise not only equips brokers to conduct property transactions but also positions them to provide valuable insight and guidance to both clients and agents under their supervision.

In contrast, the other options describe roles that either lack the necessary licensing or are operating under more restrictive conditions, which do not encompass the full scope of responsibilities and authority associated with a broker.