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Many people get into the real estate industry with the hopes and dreams of opening up their own real estate office and building a team to work within that office. In order to do so, you will need a managing broker license. This license not only eliminates you having to find a sponsoring broker,  but also allows you to hire and sponsor other brokers. In order to qualify for a managing broker license, you first need to have had your broker’s license for a minimum of two years, you must also complete an additional 45 hours of prelicensing education, and pass a state exam.

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