California, the first state to legalize medical marijuana back in 1996, became even more pot-friendly in 2016 when it made it legal to use and carry up to an ounce of marijuana without a prescription.
A broker is an individual or parties (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent âone who acts on behalf of a principal.
A broker who works in an agency or office that is not a managing broker but works as an agent is called a Broker Agent. They may have additional duties assigned by the managing broker, like education and training in the organization, or compliance, but legally it is the managing broker who has responsibility.