Very rarely do the buyers and sellers even meet each other. In California anyone who offers to buy, sell, or lease real property for compensation must be licensed. Any broker or salesperson can also be referred to as a sales agent. It is important to remember that only Brokers can receive compensation for the sale or lease of real property. Therefore, every salesperson must work for a broker.
Brokers can also work for another broker.
When doing so, they function as sales agents and not as the Broker of Record. The Broker of Record is the person who assumes all responsibility for supervising the sales agents. Agency Agency is one of the more arcane aspects of real estate law in California. Agency is in a state of flux at this moment in many parts of the country. This is the first task your agent will perform for you, and it is probably the least important.