What is the difference between a Broker & Salesperson?
Both Real Estate Brokers and Salespersons must be licensed by the Texas Real Estate Commission (TREC) in order to conduct property sales in the State of Texas. Buyers and sellers should be aware of the difference in levels of qualification and experience for each license. Salespersons must complete 270 hours of classroom instruction, of which 180 hours must be in core real estate course work. Courses in Law of Agency, Law of Contracts, and Principles of Real Estate are mandatory. All real estate Salespersons must work under direct sponsorship and supervision of a licensed real estate Broker. BROKERS are required to have 900 classroom hours of education, of which 270 hours must be in core real estate courses and 630 in other courses related to real estate. In order to become a b roker, a licensee must have at least two years of active real estate experience. Each real estate Broker is legally responsible for all acts and conduct of a real estate Salesperson sponsored by the Broker. Ask
Related Questions
- I am not licensed as a salesperson, but have 5 years of experience in a real estate-related field. Can I take the broker examination?
- Does the law preclude a broker or salesperson from being compensated for a brokers price opinion?
- Can I apply for a real estate salespersons license without a sponsoring broker?
