Who is an individual that can operate a brokerage and is licensed by the commission?

A broker is an individual who holds a specific license that allows them to operate a real estate brokerage. This requires a higher level of training and experience compared to a salesperson, as brokers are responsible for overseeing real estate transactions, managing agents, and ensuring compliance with industry regulations.

In the context of real estate, brokers have the authority to manage their own brokerage firm, enter into contracts, and handle client transactions independently. This capability sets them apart from salespersons, who typically work under the supervision of a broker and do not possess the license to operate a brokerage themselves.

The choices of associate broker and real estate manager may also have varying degrees of responsibilities and licensing, but they do not have the same full control or independence as a broker does in operating a brokerage. An associate broker may work under a broker but has met some additional licensing requirements, while a real estate manager typically focuses on managing properties rather than overseeing brokerage operations.