Who is eligible to hold a Virginia broker's license?

Who is eligible to hold a Virginia broker's license?

• A. Only individuals
• B. Only corporations
• C. A person or an entity
• D. Only partnerships

Answer: (C)

A Virginia broker's license can be held by a person or an entity, making the correct choice accurate. This includes not only individual human applicants but also corporations, partnerships, and limited liability companies (LLCs). The licensing structure is designed to allow various types of organizations to engage in real estate brokerage, reflecting the diverse nature of the real estate industry today. While options mentioning only individuals, corporations, or partnerships limit the scope of eligibility, the inclusion of both individuals and entities in the correct answer acknowledges that real estate transactions can often be conducted by businesses and organizations, not just by individual brokers. This flexibility is essential for adapting to the broad marketplace in Virginia, where numerous businesses engage in real estate activities.

A Virginia broker's license can be held by a person or an entity, making the correct choice accurate. This includes not only individual human applicants but also corporations, partnerships, and limited liability companies (LLCs). The licensing structure is designed to allow various types of organizations to engage in real estate brokerage, reflecting the diverse nature of the real estate industry today.

While options mentioning only individuals, corporations, or partnerships limit the scope of eligibility, the inclusion of both individuals and entities in the correct answer acknowledges that real estate transactions can often be conducted by businesses and organizations, not just by individual brokers. This flexibility is essential for adapting to the broad marketplace in Virginia, where numerous businesses engage in real estate activities.