Real Estate Broker Legal Meaning and Definition

Here is a simplified definition of the legal term Real Estate Broker.

Real Estate Broker (noun)

A real estate broker is an individual who has taken additional education beyond the real estate agent level, and has passed a state real estate broker license exam. They are typically more experienced and have the authority to own, manage, and operate their own real estate firm. Brokers can oversee the work of real estate agents and handle transactions directly.