Under Florida Statute 475, when a real estate brokerage is organized as a business entity (such as a corporation, LLC, or partnership), at least one officer, director, manager, or partner must hold an active broker license and be responsible for the entity's real estate activities. What is the statutory designation Florida law uses for this individual?
Correct Answer
C) Broker (active)
Florida Statute 475 does not use 'qualifying broker,' 'managing broker,' 'principal broker,' or 'designated broker' — those terms come from other states. Florida simply requires that at least one active licensed 'broker' be appointed to be responsible for the brokerage entity's real estate activities.
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