A secondary place of business for real estate usually requires what type of broker?

In the context of real estate, a secondary place of business typically requires the involvement of a managing broker. A managing broker is responsible for overseeing the operations of the brokerage, including the compliance of all real estate agents and the proper functioning of each office.

Having a managing broker at a secondary place of business is essential to ensure that all transactions are conducted according to state laws and regulations and that the brokerage maintains its standards of service and professionalism. The managing broker is charged with the responsibility of supervising the activities of associates operating in that location, ensuring that everything aligns with the policies of the primary brokerage.

In contrast, a principal broker is usually the main holder of the brokerage license and might not be present in every location. Transaction brokers facilitate transactions without having the fiduciary duties of full representation, and associate brokers are licensed agents working under a broker's supervision, but they do not have the authority or responsibility to manage an office. Therefore, it is clear that the managing broker is the correct choice for supervising a secondary place of business in real estate.