In a Real Estate Brokerage Limited Partnership, what is the minimum licensing status required for at least one general partner?

• A. Must be a sales associate
• B. Must hold an active broker's license
• C. Must be unlicensed
• D. Must be a broker associate

Answer: (B)

The key idea is that the general partner who oversees the real estate activities must be legally empowered to supervise licensees. That authority comes from holding an active broker’s license, which certifies they are authorized to conduct and supervise brokerage services, manage trust accounts, supervise licensees, and comply with real estate laws. Without an active broker’s license, no one in the partnership can legally supervise or perform brokerage tasks, which would violate licensing requirements. A sales associate cannot fulfill the supervisory role, and being unlicensed is not allowed. A broker associate can hold a broker license, but the essential requirement is that someone in the general partnership holds an active broker license.