What is a sponsoring broker, and what do they do?

Every hopeful Pennsylvania salesperson needs a sponsoring broker in order to receive a license and start making money. But - what does a sponsoring broker do?

A sponsoring broker is responsible for:

  • Maintaining a business license and broker license
  • Managing agents, broker associates, and office personnel
  • Managing clients
  • Marketing and brand building
  • Handle the commission funds and distribute the agent’s portion
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