National Broker of Record Services
Straightforward answers about how our Broker of Record model works — and what it doesn’t do.
Straightforward answers about how our Broker of Record model works — and what it doesn’t do.
Platform subscriptions and listing costs (CoStar, Crexi, MLS, Brevitas, etc.) remain the responsibility of the client.
There are no hidden markups.
National Broker of Record Services is designed for licensed real estate professionals and brokerages needing compliant brokerage support for transactions in states where they are not independently licensed.
NBOR provides the licensed brokerage structure, transaction oversight, and compliance support required for covered transactions. The appropriate structure and permitted level of participation are determined based on the applicable state requirements and the specific transaction.
Whether you’re handling a one-off transaction or managing a high-volume portfolio, NBOR provides a streamlined solution for expanding your business across state lines.
Yes. We maintain active broker licenses in 35 states and ensure all services comply with each state’s licensing laws and regulatory requirements.
We are licensed in the following 35 states:
AL, AR, CA, CO, CT, FL, GA, IA, IL, IN, KS, MA, MD, ME, MI, NC, NY, NV, OH, OK, OR, SC, TN, TX, VT, VA, WI, and WA.
Need coverage elsewhere?
We may be able to expand based on your transaction volume.
Buyer or tenant representation is not part of our standard offering but may be considered for select commercial transactions on a case-by-case basis, based on state limitations and your role.
No. Your clients are your clients. We maintain a strict non-solicitation policy, and provide Non-Disclosure and Non-Circumvention Agreements when appropriate to protect those relationships.
Yes — with limitations. In cooperative and physical presence states, you may use your company’s branding and marketing materials if they comply with local disclosure requirements. Our name must still appear as the licensed Broker of Record.
In turf states, all marketing must originate from us and include only approved disclosures. Co-branding is not permitted in these jurisdictions.
We can list the property under our license on platforms such as MLS, CoStar, Crexi, or Brevitas. We handle submission directly or offer guidance depending on the platform and jurisdiction.
Commission structures are agreed upon in advance based on your role and responsibilities in the transaction. All commissions are paid directly to National Broker of Record Services and disbursed to the participating party in accordance with our written agreement. This structure ensures full compliance with state regulations governing compensation and licensure.
Yes. All transactions conducted under our license are covered by our brokerage E&O policy. Additional coverage options may be available depending on your needs.
No. We are a virtual compliance solution. We do not offer showings, site visits, or local representation.
No. We support both single transactions and high-volume clients. There is no minimum deal count required to get started.
Once agreements are signed and required documentation is submitted, onboarding typically begins within one business day.
Requirements vary by state and transaction. NBOR reviews the applicable licensing and brokerage requirements and establishes the appropriate structure for each covered transaction.
Depending on applicable state law, this may involve a broker-of-record, co-brokerage, referral, or other permitted arrangement. Before proceeding, we identify the appropriate structure and define the responsibilities of each party.
Your role depends on the licensing requirements of the state where the property is located and the structure of the transaction. Where permitted, NBOR works to allow you to maintain the greatest level of client involvement permitted by applicable law while we provide the required licensed brokerage and compliance oversight.
Before the transaction begins, we establish the appropriate structure and clearly define each party’s responsibilities.
Visit our sister company:
Institutional Broker of Record Services
Visit our sister company,
National Broker of Record Services
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