BUSINESS ENTITIES FOR LICENSED REAL ESTATE BROKERS AND SALESPERSONS

Broker Entities Real estate brokers may conduct business as a self-employed broker (sole proprietorship), corporation, general or limited partnership, or limited liability partnership or limited liability company. There are no restrictions on ownership of the entity by licensed versus unlicensed individuals, or other entities for that matter. However, under A.R.S. ยง 32-2125(A) any corporation, limited…