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

An individual who meets the requirements to be a real estate broker but operates as an independent contractor is referred to as an associate broker. This designation implies that they have completed the necessary educational and licensing requirements to function as a broker but choose to work under a managing broker or brokerage instead of running their own brokerage.

Associate brokers can perform many of the same functions as brokers, such as assisting clients in buying and selling properties, but they do so within the framework of a brokerage firm. This setup allows them the flexibility of an independent contractor while still having the credentials and expertise associated with being a broker.

The other terms listed do denote roles within the real estate profession, but they do not accurately capture this specific status. For instance, a real estate agent generally refers to anyone licensed to assist in real estate transactions but does not necessarily have the broker qualifications. A listing agent specifically focuses on representing homeowners looking to sell, while the term "broker" alone implies a person who owns and operates their own real estate company. Thus, associate broker is the most accurate term in this context.