Law & License

    Broker

    A licensee who may operate a real estate business independently, hold escrow funds, and supervise sales associates.

    A broker is a licensee who may operate a real estate brokerage independently, open and maintain an escrow account, and supervise the sales associates and broker associates registered under the brokerage. The broker is responsible for the licensees the broker supervises.

    Becoming a broker requires holding an active sales associate license for at least 24 months within the preceding 5 years and completing a 72-hour broker pre-license course.

    On the exam

    A broker can operate independently and supervises associates. Sales associates cannot.

    Exam trap

    Only a broker, not a sales associate, may hold escrow funds and run a brokerage independently.

    Tested in

    License Law and Qualifications (6% of the exam)

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    This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.