Broker
A Texas license holder who may operate a brokerage independently, hold trust money, and sponsor and supervise sales agents.
Quick flashcard
What does Broker mean on the Texas real estate exam?
Answer: A Texas license holder who may operate a brokerage independently, hold trust money, and sponsor and supervise sales agents.
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Broker definition
A broker is a license holder who may operate a real estate brokerage independently, maintain a trust account, and sponsor the sales agents who work under the brokerage. The broker is responsible for the brokerage activities of each sponsored sales agent.
Becoming a broker requires qualifying experience as an active license holder and additional education beyond the sales agent level, plus passing the broker exam.
Source basis
Definition checked against the official sources below on .
On the exam
Exam trap
Tested in
Licensing (3 of 40 Texas State Law)
From definition to recall
See this term inside a real exam question.
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