Real Estate Broker Law and Legal Definition
Real Estate Broker means any person, co-partnership or other entity who sells or offers for sale, buys or offers to buy, or negotiates the purchase, sale, or exchange of real estate. These activities would be done for a compensation or valuable consideration. A real estate broker also leases/rents any real estate or the improvements thereon to others. Such a broker must secure a state license to engage in these activities legally. It is usually required that all active partners and officers be licensed real estate brokers in order for a license to be issued to a firm.
Legal Definition list
Related Legal Terms
- Abjuration of the Realm
- Absolute Estate
- Acceleration of Estate
- Adjusted Gross Estate
- Administered Estate
- Administration of Estates
- Administrator of Decedent's Estate
- Affidavit of Small Estate
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agricultural Real Estate
