A New Jersey broker-salesperson is a licensee who:
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Owns a brokerage
A broker who owns a brokerage is called a broker of record or principal broker. A broker-salesperson does not own their own brokerage but rather works under another broker's license and supervision.
Has a broker license but works under another broker
Only works with commercial properties
Broker-salespersons can work with both residential and commercial properties. Property type is not a determining factor in whether someone is classified as a broker-salesperson.
Is an associate broker
An associate broker is a term used in some states but not in New Jersey's licensing classification. In New Jersey, the term is specifically broker-salesperson for those with broker licenses working under supervision.
Why is this correct?
In New Jersey, a broker-salesperson has obtained a broker license but chooses to work under the supervision of another broker rather than operating independently. This status allows them to perform broker-level duties while still being part of a brokerage.
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