Louisiana License Law
Under Louisiana License Law, a real estate broker may operate their brokerage as which type of business entity?
AOnly as a sole proprietorship
BAs a sole proprietorship, partnership, corporation, or LLC — as long as the entity holds a broker's license and meets LREC requirements✓ Correct
COnly as a corporation
DOnly as a partnership with at least two licensed brokers
Explanation
Louisiana brokers may operate their brokerage through various business forms — sole proprietorship, partnership, corporation, or LLC. However, the entity itself must obtain a broker's license from the LREC and meet all applicable requirements.
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