A broker with multiple offices is required to hold what type of license?

A broker with multiple offices must hold one main office license as well as a separate license for each branch office. This structure is in place to ensure that each branch can operate independently while still being under the oversight of the main office. Each branch office must adhere to the regulations and standards set forth by state licensing authorities, which includes having a designated managing broker responsible for the operations at that specific location.

By requiring separate licenses for branch offices, the regulatory framework helps maintain consistent accountability and ensures that each branch operates under the same professional standards as the main office. This licensing system is designed to protect consumers by ensuring that all real estate professionals are properly vetted and that there is clear oversight for each location. Additionally, it facilitates better management of the brokerage's activities across different locations, which can differ in terms of local markets and regulations.