Arizona License LawIntermediateArizona Exam
An Arizona broker who owns a real estate business as an LLC must:
ARegister the LLC name with ADRE as a licensed entityCorrect
BOperate only as a sole proprietorship since LLCs are not permitted for real estate brokerages
CList all LLC members as co-designated brokers
DFile annual LLC reports with the ADRE instead of the Arizona Corporation Commission
Why Register the LLC name with ADRE as a licensed entity Is Correct
Answer A: Register the LLC name with ADRE as a licensed entity
An Arizona broker who operates through an LLC (or other business entity) must register the entity name with ADRE and have a designated broker responsible for all real estate activities conducted under that entity.
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