Glossary
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Operations
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Real estate broker

Real estate broker

What is a Real Estate Broker?

A real estate broker is a licensed individual who real estate agents work for. They do many of the same things a Real Estate Agent does but can also legally own and operate the business.

Real Estate Brokers can facilitate new home purchases and sales. In some locales (like New York City), a rental property can only be rented out by the owner or the broker. The property manager, by themselves, are not allowed to rent the property out.

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