Question: The primary difference between a real estate broker ( managing broker in IL ) and a real estate sales associate ( broker in IL )
The primary difference between a real estate broker managing broker in IL and a real estate sales associate
broker in IL is that
a real estate sales associates are not brokers in the general sense of the word.
b real estate sales associates need not be licensed by the government, but brokers must be licensed.
c real estate sales associates must work for a licensed real estate broker rather than operate their own
brokerage operation.
d real estate brokers need not be licensed by the government, but sales associates must be licensed.
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