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.
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License Law and Qualifications (6% of the exam)
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- Sales Associate
A licensee who performs real estate services under the supervision of a broker and cannot operate independently.
- Broker Associate
A person who holds a broker license but chooses to work under the supervision of another broker.
- Escrow Account
A separate trust account where a broker holds funds belonging to others, kept apart from the brokerage's own money.
Sources
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.