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What's the difference between 'Real Estate Brokers' and 'Managing Brokers'?
REAL ESTATE BROKERS
Define as:
Any person who acts on behalf of a real estate firm to perform real estate brokerage services under the supervision of a managing broker.
Education Requirements - 90 hours of approved real estate education must include:
60-hour course in Real Estate Fundamentals.
30-hour course in Real Estate Practices.
For further details, click here.
MANAGING BROKERS (with at least 3 years of full-time experience as an active real estate broker)
Define as:
Any person who acts on behalf of a real estate firm to perform real estate brokerage services under the supervision of a designated broker, and who may supervise other brokers or managing brokers licensed to the firm.
Education Requirements - 90 hours of approved real estate education must include:
30 hours of brokerage management
30 hours of business management
30 hours of advanced real estate law
For further details, click here.