What are the discrepancies between a broker and a managing broker?

Any individuals pursuing a real estate license in Illinois for the first time (and would prefer to become a broker as opposed to a leasing agent) must acquire a broker’s license. After two years of holding the broker’s license an applicant may choose to complete supplemental education and apply to become a managing broker. Once an individual has become a managing broker, they acquire the capacity to sponsor/become benefactor to their own license or those of others.

Posted in: Managing Broker, Real Estate Broker