An associate broker is defined as a person who has completed the necessary requirements to qualify for a broker's license but chooses to work under the supervision of a licensed broker instead of operating independently. This status allows the associate broker to engage in real estate transactions, offer brokerage services, and participate in the industry at a higher level of expertise than a standard real estate agent. This role signifies a step beyond being a regular agent, as the associate broker has gained additional knowledge, experience, and qualifications required for a broker's license while still being part of a brokerage team.
The other options do not reflect the true nature of an associate broker. For instance, having a suspended license does not pertain to the definition of an associate broker but rather denotes a prohibition from practicing. Selling real estate independently typically characterizes a licensed broker rather than an associate broker, while only listing properties for sale suggests a limited scope of practice, which does not encompass the broader responsibilities and capabilities of an associate broker.