Pennsylvania License Law
What is the difference between a 'broker' and a 'salesperson' license in Pennsylvania?
ABrokers handle commercial property only; salespersons handle residential only
BA broker may operate independently and employ salespersons; a salesperson must work under the supervision of a licensed broker✓ Correct
CBrokers and salespersons have identical authority but different fee structures
DA salesperson may receive compensation directly from sellers; a broker may not
Explanation
In Pennsylvania, a broker may operate an independent real estate business, employ and supervise salespersons and associate brokers, and receive compensation directly from clients. A salesperson (or associate broker) must be affiliated with and supervised by a licensed broker and may only receive compensation through their employing broker. The broker's license requires additional experience and education beyond the salesperson's license.
Related Pennsylvania Pennsylvania License Law Questions
- A Pennsylvania broker's license allows the holder to:
- A Pennsylvania salesperson license expires and the licensee fails to renew within the allowed grace period. What must the licensee do to practice again?
- In Pennsylvania, a salesperson license must be held under:
- A Pennsylvania broker who wishes to advertise team names or group names within a brokerage must ensure:
- A Pennsylvania real estate license that is not renewed by the expiration date automatically becomes:
- Under RELRA, how long must a Pennsylvania real estate broker retain transaction records?
- An unlicensed personal assistant working under a Pennsylvania licensee may legally:
- A Pennsylvania broker is required to keep transaction records for a minimum of how many years?
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