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Real Estate Training Institute

Real Estate Training Institute

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Real Estate Broker

The term “real estate broker” within the meaning of this chapter shall
include all persons, partnerships, associations and corporations, foreign
and domestic, who for a fee, commission or other valuable
consideration, or who with the intention or expectation of receiving or
collecting the same, list, sell, purchase, exchange, rent, lease, manage
or auction any real estate, or the improvements thereon, including
options; or who negotiate or attempt to negotiate any such activity; or
who advertise or hold themselves out as engaged in such activities; or
who direct or assist in the procuring of a purchaser or prospect
calculated or intended to result in a real estate transaction. The term
“real estate broker” shall also include any person, partnership,
association or corporation employed by or on behalf of the owner or
owners of lots or other parcels of real estate, at a stated salary or upon
fee, commission or otherwise, to sell such real estate, or parts thereof,
in lots or other parcels, including timesharing and condominiums, and
who shall sell, exchange or lease, or offer or attempt or agree to
negotiate the sale, exchange or lease of, any such lot or parcel of real
estate.

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