Which type of broker works for another broker while maintaining their own license?

An associate broker is a licensed real estate broker who chooses to work under another broker while still maintaining their own broker's license. This arrangement allows the associate broker to take advantage of the brokerage’s resources and support, while still operating independently due to their license status.

Unlike a salesperson, who operates under the supervision of a broker and cannot have their own license independent of that relationship, an associate broker has the qualifications and experience to serve clients directly but has opted to align with another broker for particular benefits, such as administrative support or marketing tools. The managing broker refers to the individual overseeing a brokerage, ensuring compliance with regulations and managing the team, but does not typically work for another broker. A designated broker acts on behalf of a brokerage and assumes full responsibility for its operations, which does not align with the concept of working under another broker while being licensed.

Thus, the associate broker is the appropriate designation for someone who fits the criteria described.