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4 February, 05:25

Mr. Brown has a real estate company and two branch offices. He goes to the main office on Mondays and Fridays, one branch office on Tuesdays and Thursdays, and the other branch office on Wednesdays and Saturdays. He has no other managing brokers associated with him. Is this legal?

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  1. 4 February, 05:35
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    It is legal.

    Explanation:

    A broker is one who acts as an intermediary or agent of the principal and acts on his behalf. There is a tiny difference between real estate agent and a real estate broker even though both are agents. Real estate agents are licensed to seal

    real estate transactions which they are paid

    commissions (agent fees) for their sales and labour for

    brokerages. Brokers are with more experience in the field and

    qualified to work as independent agents or employ other agents who will work and be under their supervision. A person can work both as a principal and also as broker or agent depending on the individual's capability. Hence, the above description is legal.
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