answersLogoWhite

0


Best Answer

A RE broker is a RE broker, regardless which state he-she is in.

a licensee of the state, responsible for an office, its agents and

for ethically and morally and legally representing his clients, and

being fair with customers.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Real estate broker definition in ny state?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Other Business

Can you use custom broker license every state?

If by this mean you mean a broker's licence in terms of real estate, then no.


Can a real estate broker waive his commission to another person?

A real estate broker can waive a commission at will.


Can real estate agent's commission be paid by the broker to a corporation?

In most States the corporation would need to be a real estate licensee. Check with your State real estate licensing agency.


What makes a real estate broker different from a real estate agent?

Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.


How is a real estate broker different from a real estate agent in California?

A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.

Related questions

What other field can a real estate agent pursue?

A real estate agent can move into property management, investment, development, mortgage brokerage, or appraisal. Other options include marketing, real estate tech, construction, interior design, or teaching.


How long does a real estate broker take?

how long does it take to become a realestate broker in the state of Florida


Can you use custom broker license every state?

If by this mean you mean a broker's licence in terms of real estate, then no.


How you develop the broker network i real estate sector?

A Broker's License is required in each state where the business is conducted.


Can a real estate broker waive his commission to another person?

A real estate broker can waive a commission at will.


What is the definition of a real estate broker?

A real estate brokeris a person who acts as anintermediarybetween sellers and buyers ofreal estate/real propertyand attempts to find sellers who wish to sell and buyers who wish to buy.


Can a real estate broker list your house without a signed agreement from you?

Never. And if he/she does, call the state board of real estate and file a complaint.


Can real estate agent's commission be paid by the broker to a corporation?

In most States the corporation would need to be a real estate licensee. Check with your State real estate licensing agency.


What tests need to be taken to get a commercial real estate license?

In order to become a commercial real estate broker, you will need to take and pass the Real Estate License Exam in your state.


How long does a broker keep records?

in the state of Florida, a real estate broker must keep transaction records for five years. this may vary from state to state.


How long does broker keep records?

in the state of Florida, a real estate broker must keep transaction records for five years. this may vary from state to state.


What makes a real estate broker different from a real estate agent?

Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.