Which statement about a Limited Liability brokerage company is correct?

• A. It operates as a separate entity with its own rules
• B. It is the same as a real estate brokerage corporation
• C. It cannot engage in any real estate transactions
• D. It must be registered as a not-for-profit

Answer: (B)

In Florida, a real estate brokerage can be organized as different business entities, and for licensing purposes these forms are recognized similarly. A Limited Liability Company that operates a brokerage is treated the same as a real estate brokerage corporation in terms of how it is licensed and regulated: it must have a qualifying broker, file the necessary registrations, and comply with the same rules and oversight as any other brokerage entity. The core point is that the entity type—LLC or corporation—does not change the fundamental licensure requirements or the ability to conduct real estate transactions through a licensed broker. The distinction between LLCs and corporations mainly affects ownership structure, liability, and taxation, not the basic framework for operating a licensed brokerage.