Who is a sponsoring broker? A sponsoring broker is an agent with their employing broker’s license. They are responsible for guiding you through your first years as an agent as well as providing other business, marketing, and brand benefits.
To kick start your real estate career you’ll need a sponsoring broker so your state can approve your license application. Some states might even require that you be sponsored by a broker when you take your real estate exam.
A sponsoring broker will have had years of experience and would have gained additional knowledge of real estate laws and practices. They help mentor and guide real estate agents and in return they receive a considerable amount of commission as a new agent with so many uncertainties surrounding your new field, it is important you have a sponsoring broker you can questions. You may also need a sponsoring broker if you opt to submit a Combined Salesperson Exam/License Application.