What type of real estate license allows the holder to represent buyers and sellers in transactions?

The correct answer is the Associate License. This type of license is typically granted to individuals who are working under the supervision of a broker. With an Associate License, the holder can represent both buyers and sellers in real estate transactions, facilitating the buying and selling process while adhering to the regulations set forth by the state.

The Associate License is often a designation for someone who is in the early part of their real estate career or is still operating under the umbrella of a more experienced broker. This allows them to gain valuable experience while being mentored.

Understanding the different types of real estate licenses is crucial. For example, a Broker License allows a real estate professional to operate independently and have their own agency, which goes beyond just representing clients in transactions. A Salesperson License typically refers to individuals primarily assisting in sales under a broker's supervision, similar to the Associate License but could imply a different licensing level or terminology in some states. The term Realtor, while commonly used in the industry, refers to a membership with the National Association of Realtors and does not denote a specific type of license.

Thus, an Associate License is specifically designed for individuals looking to engage directly in real estate transactions on behalf of clients.