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Rainmaker
1,046,944
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Because y'all don't know what you don't know till you find out you don't know it!

Apr 13, 2018 01:20 PM
Ambassador
5,204,760
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Because it's the law!

And, I also love Candice A. Donofrio's answer!

Apr 13, 2018 08:09 PM
Rainmaker
5,583,173
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's the law.... all listings and sales belong to the broker and you receive a commission from the broker/owner.... if you leave the office, the listings stay with the broker unless the broker gives a release to the homeowner.... does not need to though...

Apr 13, 2018 01:12 PM
Rainmaker
4,554,936
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Your question contains the answer. 

Apr 13, 2018 01:26 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

It's the law. But also I like Candice A. Donofrio's response. -K 

Apr 13, 2018 01:39 PM
Rainmaker
949,977
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

It's the law like gravity, it must be obeyed.

Apr 13, 2018 01:26 PM
Rainmaker
2,374,321
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Maybe because it's the law Angela Stephens . Someone has to be accountable for Real Estate agents who's only education is how to pass a State test and have no actual knowledge of Real Estate.

Apr 14, 2018 07:50 AM
Rainmaker
4,137,175
John Pusa
Glendale, CA

Angela Stephens it is the law, and to gain experience.

Apr 13, 2018 03:49 PM
Ambassador
6,357,580
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Someone to take responsiblility for your actions, someone to teach you to run your business, and support in so many ways.

Give me a call and i will help you find a good one.

bob

Apr 13, 2018 03:39 PM
Rainmaker
5,096,466
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Because it's the law.

Apr 13, 2018 02:31 PM
Rainmaker
5,193,987
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Candice A. Donofrio provides the reason the law says so!!

Apr 13, 2018 02:29 PM
Rainmaker
544,014
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Why did Jim Morrison move to Paris?

Apr 13, 2018 01:41 PM
Rainmaker
1,619,316
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

You are a broker or you work under broker~ this is how this industry structured. 

Apr 13, 2018 01:07 PM
Rainmaker
7,794,028
Roy Kelley
Retired - Gaithersburg, MD

You need to comply with the law and the regulations in your state.

Apr 13, 2018 01:06 PM
Ambassador
2,679,629
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Florida law.

Apr 13, 2018 12:59 PM
Rainmaker
756,085
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Besides that it is the law, Broker's play a very different role than the salespeople do. It's wise to let everyone do what they do best & not try to wear too many hats. 

Apr 14, 2018 05:23 AM
Rainmaker
1,531,109
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Its the law.

Apr 13, 2018 09:33 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

You need someone smarter than you are to keep you out of trouble.

Apr 13, 2018 06:44 PM
Ambassador
3,339,734
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I wish you all the best with your studies and in your real estate career.

Apr 13, 2018 05:04 PM
Rainmaker
715,949
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

In AZ, and most states I suppose, you don't "have to" be affiliated with a principal broker. You could be your own independent principal broker as in you and yourself. Or you as the broker of a small brokerage.

That being said, weigh why you would be your own independent broker, or have a broker that you hire at a brokerage. Often it's a question of economics and the sharing of liability - and if you are new in a business, it's also nice (and likely preferable) to obtain counsel (trust me, you'll need it) from an experienced pro, like a good broker who's been there, done that many times over.

Thus the importance of selecting a great broker, and not a lousy one that may not been there and done that. 

Apr 13, 2018 04:45 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Angela,

Lots of good answers here for you to read and learn from.  A

Apr 13, 2018 03:03 PM
Ambassador
2,167,028
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

It is mandatory so you learn the business before venturing out on your own. The licensing classes do nothing to prepare you for actually being successful and staying out of trouble in the business.

Apr 13, 2018 01:54 PM
Rainmaker
1,295,926
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

That is the law in California unless the agent possesses a Broker license. I believe that is true in many states.

Apr 13, 2018 01:53 PM
Rainmaker
1,498,608
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Because the salesperson's license does not allow them to work without being tied to a broker.

Apr 13, 2018 01:51 PM
Rainmaker
259,317
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

The more you learn, the answer becomes apparant.. and moreso, getting the right broker is even more important!

 

Apr 14, 2018 03:17 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Angela Stephens - The States requirement.

Apr 13, 2018 10:53 PM
Rainmaker
2,776,061
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

BRE has made Brokers responsbile for agents

Apr 13, 2018 06:10 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

This you shold have learned in class...

Apr 13, 2018 05:00 PM
Rainmaker
1,237,495
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Why a used car salesperson can not sell cars by himself.

Why a cemetery plot hawker has to hang his license with a plot broker and have to split commission (CA)? 

Apr 13, 2018 03:55 PM
Rainmaker
921,873
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Brokers have additional educational that they must go through and usually more experience. Each states has it's own laws.

Apr 13, 2018 01:39 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

What Candice A. Donofrio said!

Apr 14, 2018 03:41 PM
Ambassador
3,160,329
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

why do new graduates from medical school have to do a "residency"... same principle.

Want to be on your own, serve the time and get your brokers license.

Apr 14, 2018 12:00 PM
Rainmaker
577,750
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Because you are not a Broker of Record and don't own your own Brokerage.. so you have to be under the umbrella of Brokerage.

Apr 14, 2018 08:12 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

That's the way the regulations are written.

Apr 14, 2018 06:39 AM
Rainmaker
244,879
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, PA, VA, GA and FL.

I've been in the mortgage business for over 25 years, I've been a Realtor and Associate Broker for over 6 years and my broker STILL keeps me out of trouble. I can't begin to tell you how important it is to have someone with more experiance to be by your side. 

Apr 14, 2018 06:25 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

For the same reason internships are required in so many professions.

These newbies are able to do great harm in their state of inexperience.

So, states have imposed this requirement to protect the public from great harm.

SSSSSOOOOooooooo, to get around this protective shield. the newbie can in some states, obtain a BROKERS license and wreak chaos and havoc where-ever they go.

Apr 14, 2018 06:18 AM
Rainer
423,302
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

There is a search feature on ActiveRain at the top left. It appears that this question has been asked before, as recently as February 19th!

Take a look here

Also, if you aren’t getting these answers in your UT class you may want to find another learning institution. If you are having an issue speaking up and asking these questions in class, you may want to find another field, or hang around after class to ask the questions one-on-one with your instructors

Apr 14, 2018 05:59 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Candice A. Donofrio nailed this one!

Apr 14, 2018 05:55 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

For over site. To be in compliance with law. To provide resources for them to succeed. Because its the law

Apr 14, 2018 05:20 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Law.

Apr 14, 2018 04:28 AM
Rainmaker
2,070,825
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

I hope you find the best answer on your guestion. 

Oct 26, 2018 10:16 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

A lot great answers are here, Good luck.

Oct 26, 2018 10:09 PM
Rainmaker
2,170,675
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

In most states (if not all) it's the Law !

May 13, 2018 07:35 AM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Its required by law.. but interestingly CPAs and Lawyers can both receive commissions for real estate transactions without a broker or even a real estate license... hmm

Apr 19, 2018 05:47 PM
Rainmaker
4,854,437
Richard Weeks
Dallas, TX
REALTOR®, Broker

In Texas it is the law.

Apr 18, 2018 06:38 AM
Rainmaker
5,850,312
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

For the first two years, you have to have close supervision.

Apr 16, 2018 12:10 PM
Rainmaker
760,733
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

It's the law but an individual could be the principal broker too.

Apr 16, 2018 09:42 AM