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Rainmaker
3,998,572
Richard Weeks
Dallas, TX
REALTOR®, Broker

In Texas it is the law.  Someone must be ultimately responsible for an agents actions.

May 02, 2016 07:26 AM
Rainmaker
915,973
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Rightly or wrongly, it's law - plus they have good insurance :)

May 02, 2016 09:38 PM
Ambassador
4,558,642
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's a legal requirement here. If you aren't a licensed broker, you must affiliate with one

May 02, 2016 02:48 PM
Rainer
187,002
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

Don't question authority, Just accept it and march on.

May 02, 2016 01:29 PM
Ambassador
3,722,438
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Because the broker knows what he's doing and you are clueless.

May 02, 2016 12:55 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

REALTORS® are different than agents and that is law in Oklahoma.

May 02, 2016 10:06 AM
Ambassador
2,806,628
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

In Colorado, after two years of experience, licensed agents can work on their own as independent agents. It's not a bad system and there haven't been many problems associated directly with that.

May 02, 2016 09:10 AM
Rainmaker
640,077
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

They don't need to be if they have a broker's license.

May 02, 2016 08:31 AM
Rainmaker
1,380,763
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's the law.

May 02, 2016 08:22 AM
Rainmaker
573,381
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

because they can't sell real estate with just a sales license. They are licensed to work under a broker who is ultimately responsible for their actions.

May 02, 2016 08:13 AM
Rainer
215,563
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

A managing broker has the ultimate responsibility of the transactions of their firm.  It is a different licensing required by the state (managing broker vs. broker). 

May 02, 2016 07:41 AM
Ambassador
2,564,231
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Florida law.

May 02, 2016 07:38 AM
Rainmaker
1,683,350
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Richard Weeks  nailed it. Not only in Texas. It the law in Indiana too.

May 02, 2016 07:30 AM
Rainmaker
3,971,743
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It is like mentoring for 2 years.

May 07, 2016 12:25 AM
Rainer
98,723
Becca Rasmussen
HomeSmart Cherry Creek - Highlands Ranch, CO

If there's a "must" it's likely driven by law. So then, you must follow the law.

We're all brokers here in CO, but our first two years at least we're associate brokers and we do have to hang our license with an employing broker. They become responsible for our actions for as long as we remain associated.

"Must" aside, it does have benefits for all parties.

For them, it's taking on risk in return for some share of our income.

For us, it's having oversight, better insurance than we might be willing to pay for on our own, and hopefully, access to quality training, mentors, guidance, and gleaning knowledge from others. 

For the public - I think others have covered that well enough. :0)

May 03, 2016 01:18 AM
Rainmaker
2,707,268
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

The comments have already provided the correct answer - it is designed to protect the public and have someone responsible for an agent's actions.

May 03, 2016 01:02 AM
Rainmaker
1,456,827
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Timothy Larsen The principal broker is responsible for the agent's actions and it is the law.

May 02, 2016 11:46 PM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It is the law in Pa.

May 02, 2016 11:43 PM
Rainmaker
2,634,487
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The buck has to stop someowhere. Brokers buy that buck

May 02, 2016 11:38 PM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Because otherwise they would be breaking the law!

May 02, 2016 11:12 PM
Rainmaker
1,716,504
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Someone has to hold your license.

Hey, this guy is from the UTAH RE School ........

May 02, 2016 10:01 PM
Rainmaker
1,157,485
FN LN
Toronto, ON

The law.

May 02, 2016 09:44 PM
Rainmaker
882,707
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It's the LAW intended to protect the consumer and hold 'someone' accountable.

However, that tradition is a porous as a screen door. Have a good understanding of your business plan, accessibility to your intended market that determine if YOU want to be a broker, join a tradition or take a look at what early implementers are doing.

May 02, 2016 09:26 PM
Rainmaker
4,061,295
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It's the law in California.  

May 02, 2016 09:25 PM
Rainmaker
4,057,942
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

If you're not a full broker you must work under the supervision of one.

May 02, 2016 08:55 PM
Ambassador
5,360,011
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Someone needs to take care of the adminstrative responsibilities.

May 02, 2016 05:43 PM
Rainmaker
513,724
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

More to blame when the agent messes up.  The agent and the person responsible to train and manage them.  

May 02, 2016 04:44 PM
Ambassador
3,034,410
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

to protect the public

May 02, 2016 03:59 PM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Timothy Larsen - its a business model. An agent does not want liability of a broker, I guess.

May 02, 2016 03:08 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

We are in a very importatant business and I don't think very many agents right out of school have enough knowledge to not make major mistakes

May 02, 2016 01:16 PM
Rainer
318,713
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

Richard Weeks stated it well.  Someone has to be responsible for our actions.

May 02, 2016 01:02 PM
Rainmaker
1,525,205
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

It is important to have a broker you can turn to with questions or potential problems.

May 02, 2016 10:45 AM
Rainmaker
873,547
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

Some one needs to be responsible for all the people they give licenses to. 

May 02, 2016 10:10 AM
Rainmaker
888,373
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Because when you screw up, they want to turn over the deepest pockets available.

May 02, 2016 09:47 AM
Rainmaker
1,149,209
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Why car sales persons can not sell cars or cemetery plot sales person need to hang their license under a broker?

May 02, 2016 08:38 AM