What is a requirement for an active broker?

An active broker is required to have an office where they conduct their real estate business. This requirement ensures that there is a designated physical location for clients and other professionals to interact with the broker and the brokerage. Having an office helps establish a professional environment and supports the necessary administrative and operational functions of the brokerage.

While having an escrow account, a listed telephone number, or a website can be beneficial for a broker’s operations, they are not mandatory requirements for maintaining an active status. The focus on having an office underscores the importance of a tangible presence in the real estate market, providing a location where transactions can be discussed, paperwork can be handled, and clients can feel secure and supported.