Which type of real estate professional is employed under the management of an active broker?

A Broker Associate is a licensed real estate professional who operates under the supervision and management of an active broker. This role allows individuals to leverage the resources, expertise, and established systems of the broker while being able to conduct real estate transactions. The relationship between the Broker Associate and the managing broker typically entails that the Broker Associate is responsible for their own clients and transactions, but must adhere to the policies and practices set forth by the broker.

The distinction of the Broker Associate from other types of professionals is significant. Unlike a conventional Broker, who has the authority to operate independently and manage their own agency, a Broker Associate does not have this autonomy. Similarly, a Sales Associate works directly under the guidance of a broker but may have different licensing requirements or less experience compared to a Broker Associate. An Owner Developer is primarily involved in property development and may not necessarily hold a license to sell real estate directly, focusing instead on the construction and sale of new properties.

Therefore, the role of a Broker Associate is defined by its structured relationship within the real estate industry, clarifying the nature of employment under an active broker.