Austin Real Estate Broker
The Difference Between a Broker and a Salesperson
BOTH real estate BROKERS and SALESPERSONS must be licensed by the Texas Real Estate Commission in order to conduct property sales within the State of Texas. Buyers and sellers should be aware of the difference in levels of qualification and experience for each license.
SALESPERSONS must complete 240 hours of classroom instruction. Courses in Law of Agency, Law of Contracts, and Principles of Real Estate, Promulgated Contract Forms, and Real Estate Finance are mandatory. All real estate SALESPERSONS must work under direct sponsorship and supervision of a licensed real estate BROKER.
BROKERS are required to have 900 classroom hours of education, of which 270 hours must be in core real estate courses and 630 in other courses related to real estate. In addition, to become a broker, a licensee must have at least two years of active real estate experience.
Additionally, brokers must meet practical experience requirements that salespersons do not need to meet. This ensures that a licensed broker has the necesary experience to work without oversight and to supervise other salespersons.
Each real estate BROKER is legally responsible for all acts and conduct of a real estate SALESPERSON sponsored by the BROKER.
- I am a licensed Austin Texas Real Estate Broker and have been in business since 2003.
- I have successfully negotiated many transactions in varying price ranges and take pride in maximizing every opportunity to further my clients interest.
- I have a transaction coordinator whose sole job is making sure you get to close