each company has one broker. license can go to a person or entity. You can only have one broker at each company
Principal Associate Broker
they are owner, partner, officer or member. The can have more than (1) license but they can't transfer.
Non-Principal Associate Broker
Not an owner, partner, officer or member. Can only have (1) non-principal associate broker license but they can transfer
a person employed by a broker tio list, negotiate, sell or lease real property for others
40 hours of education, 4 hours of Fair Housing and must be under direct supervision of a broker.
Receive a 1099 and pays their own taxes. This is allowed if (2) conditions are met: (1) contract with a broker (2) 75% of your compensation from the broker has to be for real estate activity