What is required for a real estate broker to operate legally?

To operate legally as a real estate broker, a valid broker's license issued by the state is required. This license ensures that the broker has met the necessary educational and competency standards set by the state regulatory body. It serves to protect consumers by ensuring that the broker has a thorough understanding of real estate laws, practices, and ethical responsibilities.

While the other options may be beneficial or required in certain contexts, they do not represent the fundamental legal requirement for operation. For instance, although some states may encourage or require further education, a college degree in real estate is not universally mandated. Similarly, while experience in the field is valuable, a minimum of five years is not a licensing prerequisite in many jurisdictions. Lastly, membership in a national realtor association can enhance a broker's professional standing and resources, but it is not a legal requirement to practice real estate.