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Q: What states require a broker of record?
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What mean Broker of record in real estate?

The Broker Of Record is the Broker covering the listing or buying side in a Real Estate transaction. He/she is registered as the person responsible for the conduct of a brokerage and the agents who work for it.


What is average salary of freight broker?

The average salary for a freight broker in the United States is $39,000.


Can anyone apply for real estate broker school?

Yes anyone can become a broker. Certain states require different amounts of class hours. Usually special real estate school or classes are even run through the brokerage firm that will hold your license.


Can a felon become a real estate broker in Texas?

The person has to face lots of problem for becoming broker. He can read up on the laws for selling real estate in that state, thing is they vary, and not all states require a license. Most of the laws for a given state are online as well.


Who does a real estate broker generally work for?

In most states there are 2 types of licensed agent. The first is a salesperson and the next is a broker. Sometimes there is a third, that being a managing broker or broker of record. There has to be a broker in charge of an office where agents work and that broker is over and takes responsibilty for all the agents he or she sponsors. The that broker may be the actual owner of the office and agency or may be empolyed by the owners who may or may not be licensed. That broker may be paid a salary by the owner with or without employment benefits, or may work purely for a percentage split for the income brought into the office by the other agents or any variation in between. The broker might also go out and wok as an agent himself though that is not usual in larger offices. It is also possible in most states for one person to be a broker owner by herself as a sole broker owner with no agents working for her. This has the advantages for the broker to be able to keep all the income without splitting with the office or broker as in most cases. A brokers lic. exam is contains about 70% of the salespersons exam and is quite straight forward to obtain.


Does investing in penny stocks require using a broker?

You do not need a broker to invest in penny stocks. The problem with them is they are from small companies and it is sometimes hard to keep track of their activity.


What tests do you need to take to get a mortgage broker license?

Each state has it's own exam for mortgage brokers. Before you can take the test most states require a criminal background check also. Many states also require that you post a bond. If you intend to loan less than 20 million$ you have to post a bond of 20000$.


What is the differences between a broker and a real estate agent?

A Bowling ball is what you bowl with in ten pin bowling


Is it legal to record a conversation with a group of three are more?

There are 12 States in the U.S. That require ALL parties involved in the conversation (All Party Consent) to be made aware that the conversation is being recorded. These States are listed below.The remaining 38 states require that only one party to the conversation (this can include the party doing the recording) be aware of it.IT IS UNLAWFUL IN ALL STATES, and under federal law, to record a conversation of any type in which you are not a participant.The 12 states requiring ALL PARTY notification are:CaliforniaConnecticutDelawareFloridaIllinoisMarylandMassachusettsMichiganMontanaNew HampshirePennsylvaniaWashington


Is there a list of escrow states?

Yes, there is a list of escrow states. You can get the lists from your mortgage broker or you can get the list from your local bank.


May CA real estate brokers legally work as broker of record for multiple companies simultaneously?

yes


Are there any states that do not require Liability Insurance?

No, all states require liability insurance for drivers. There are some states, however, which only require the bare minimum.