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California allows licensed attorneys to become brokers upon passing the broker examination without having to take the requisite programs required of an agent. School graduates fall into this category once they've accomplished the state-required courses as properly. In addition, some states allow college graduates to apply for a broker's license without years of expertise. Legally, however, the time period "salesperson" is still used in lots of states to explain an actual estate licensee. In the United Kingdom, an estate agent is a person or business entity whose enterprise is to market real property on behalf of clients. The correct system should match the way a business works. Board of Governors of the Federal Reserve Sys + + +[gutenberg.org](https://www.gutenberg.org/cache/epub/15679/pg15679-images.html)A panel of [economists](https://git.twitchmagic.pro/coryrosenberge/easy-borrowing-options2084/wiki/Easy-Borrowing-%C2%96-Classes-Discovered-From-Google) at Columbia University, Faculty of International and Public Affairs, Feb 28, 2008. "The Obama Recession: An Abbreviated History". A 2008 study by different economists found that when comparing brokerages with out itemizing companies, brokerages significantly lowered the common sale price. 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