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Associate Licensee

DEFINITION

An associate licensee is a real-estate broker that works for a specific real estate company. In order to “practice” real estate, they have what is called a real-estate license.

EXPLANATION

Basically, these are “active” agents that have the backing of a broker to sell real-estate to clients. For example, a real estate agent from Coldwell Banker is an associate licensee. In order to qualify for this job, they must take a test particular to the real estate laws of the state they desire to practice in.

Sales

An associate licensee plays a huge role in the transaction of a property. When it comes to sales, associate licensees must be knowledgeable. It is an associate licensee’s job to be engaged and involved with a buyer. This may include organizing open houses, closing a deal, drafting agreements, corresponding with the seller, or the seller’s agent.

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