Which of the following can hold a broker's license in Texas?

Which of the following can hold a broker's license in Texas?

• A. A person or an entity
• B. Only individuals over 21 years old
• C. Only corporate entities
• D. Only partnerships

Answer: (A)

In Texas, both individuals and entities are permitted to hold a broker's license. This inclusive approach allows for a variety of business structures to operate in the real estate market, providing flexibility for brokerages. Individual applicants must meet certain qualifications, such as age and experience requirements, but entities like corporations and partnerships can also be licensed, as long as they designate an individual broker who meets the necessary criteria. This ability for different types of entities to become brokers fosters a diverse range of real estate businesses, accommodating various operational models within the industry.

In Texas, both individuals and entities are permitted to hold a broker's license. This inclusive approach allows for a variety of business structures to operate in the real estate market, providing flexibility for brokerages. Individual applicants must meet certain qualifications, such as age and experience requirements, but entities like corporations and partnerships can also be licensed, as long as they designate an individual broker who meets the necessary criteria. This ability for different types of entities to become brokers fosters a diverse range of real estate businesses, accommodating various operational models within the industry.