A non-living entity such as a corporation may be licensed as a broker as long as it consists of at least:

A non-living entity such as a corporation may be licensed as a broker as long as it consists of at least:

• A. One associate broker
• B. Two associate brokers
• C. Three associate brokers
• D. Four associate brokers

Answer: (A)

Supervision by a licensed broker is what allows a corporate entity to be licensed as a broker. In Michigan, a non-living entity such as a corporation can hold a broker license only if there is at least one person who is a licensed broker on the staff to supervise the brokerage activities. An associate broker fills that licensed role, providing the required oversight for the firm's real estate operations. Because of that, the minimum needed to license a corporation is one associate broker. Having more than one associate broker isn’t required for the license, though a company could hire additional licensed individuals if needed.

Supervision by a licensed broker is what allows a corporate entity to be licensed as a broker. In Michigan, a non-living entity such as a corporation can hold a broker license only if there is at least one person who is a licensed broker on the staff to supervise the brokerage activities. An associate broker fills that licensed role, providing the required oversight for the firm's real estate operations. Because of that, the minimum needed to license a corporation is one associate broker. Having more than one associate broker isn’t required for the license, though a company could hire additional licensed individuals if needed.