If you aren’t familiar with too many real estate terms, have you ever wondered what an associate broker is?
Here’s the low down on real estate terminology when it comes to the agents.
A helpful article from REALTOR.com explains these terms as such:
- real estate agent/salesperson: a person who earns a real estate license, requirements for courses and testing vary by state; agents or salespeople cannot work alone, they must work under a broker
- real estate broker: a person who has taken courses and education beyond the agent/salesperson level and has passed a broker’s license test; brokers can work alone
- real estate associate broker: a broker who chooses to work under another broker or in an agency with multiple agents and brokers, like Select Realty
- REALTOR®: an agent or salesperson who is a member of the National Association of REALTORS®, this membership implies the agent upholds the standards and code of ethics of the organization
Select Realty has the highest percentage of associate brokers in local agencies with 10 or more people. Let our knowledge be your key to a smooth transaction.
We pride ourselves on the amount of knowledge we’ve corralled under one roof! 15 of our 31 agents possess associate broker status (some even have additional education on top of that). That’s a lot of real estate know how. Laws, rules and regulations change frequently. All of our agents are up to date on current changes as per their education program requirements. Plus, the more you know, the easier it is to keep up with changes, right? The following chart depicts the breakdown of agencies in the North Central MLS (Marquette, Munising areas) and the Delta MLS (Escanaba area) of the Upper Peninsula.
Graph courtesy of VENNGAGE.