You need to know – What is a broker?

YouNeedToKnowWeb500A broker is a person who performs real estate services for another for compensation or the anticipation of compensation or some other form of consideration

A broker can be an individual or a business entity such as a corporation or partnership

The person who receives the real estate services pays the broker directly

A broker can employ licensed individuals as sales associates or broker associates

The individual broker licensee who qualifies a business entity is called the broker of record