What is an individual called who meets the licensure requirements to be a real estate broker but works as an independent contractor for a broker?

The correct designation for an individual who has fulfilled the necessary licensure requirements to act as a real estate broker but operates as an independent contractor for another broker is an associate broker. This classification signifies that the individual holds a broker's license but chooses to work under the supervision of a more established broker as a way of leveraging their resources and experience.

An associate broker typically has the authority to run a real estate transaction and can provide services independently, but they opt not to open their own brokerage. This arrangement allows the associate broker to benefit from the branding, support, and tools of a broker with a more substantial market presence while still utilizing their advanced qualifications that go beyond those of a real estate salesperson.

In contrast, a salesperson is a lower-level licensee who may not have the same level of experience or authority as an associate broker. A Realtor refers to a member of the National Association of Realtors and does not specifically indicate a licensing level. Lastly, a broker associate is often used interchangeably with associate broker, but it's important to note that the terminology can vary regionally and contextually. In Georgia, "associate broker" is the more appropriate term for someone meeting these criteria.