Southeastern Pennsylvania Real Estate Services - Commercial, Investment, Residential, Property Management [Commercial]   
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Lawrence Yerkes, Associate Broker
and Your PA / Delaware Valley Results Team!
Serving Southeast PA and the Metro Philadelphia Area
including Chester, Delaware and Philadelphia Counties
Phone: 610-521-2700 x13    Direct: 609-975-9230    Fax: 610-521-2140

Larry Yerkes, Real Estate Agent, Chester County, Delalware County, Philadelphia, Metro Area, Delaware Valley Support Services - Properties For Sale, Buy, Search, Lease -- We Get Results!
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Broker vs. Associate Broker vs. Salesperson

A short guide for the Internet consumer

 

What Are The Differences Between A Licensed Real Estate Broker and A Licensed Real Estate Agent?

The terminology used to identify real estate professionals differs a little from state to state. Brokers are usually required to have more education and experience than Salespersons, commonly called real estate agents. The real estate person you normally deal with is a real estate Salesperson. The real estate Salesperson is licensed by the state, but must work for a state licensed real estate Broker. All listings are placed in the Broker's name, not the real estate agent's.

A Salesperson license allows you to perform all the functions of a real estate professional while working under the sponsorship and direction of a Broker.

The Broker license allows you to work independently, representing others as well as yourself. It will also allow you to sponsor other licensees and act as manager (Broker of Record) or owner (Broker-Owner) of a real estate firm.

An Associate Broker, the official designation in Pennsylvania (in New Jersey called a Broker/Salesperson with some variations or sometimes a Broker Associate), has fulfilled all the requirements of a Broker, but has has chosen to work under and for another Broker (similar to a regular Salesperson).

In Pennsylvania, in order to qualify to be a Broker, one must complete a state-licensed 240 hour Broker course (or equivalent) of broker education. In addition they must have at least 3 years of full-time employment (with total experience calculated by a points system with a minimum requirement) as a licensed PA Salesperson and pass the Pennsylvania Real Estate Broker License examination. Finally, they must submit to a state police criminal history check and receive a clearance from the PA Real Estate Commission.

Buyers and sellers should be aware of the difference in levels of qualification and experience for each license.

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