Which statement about general partners in a Real Estate Brokerage Limited Partnership is true?

• A. They may be non-licensed registered persons.
• B. They must all be licensed brokers.
• C. They must be sales associates.
• D. They cannot be corporations.

Answer: (A)

In a Real Estate Brokerage Limited Partnership, the general partners oversee the partnership and its real estate activities, but they don’t all have to be licensed brokers. The structure allows non-licensed individuals who are registered with the state to serve as general partners, while a licensed broker must supervise the brokerage operations. This separation lets investors or managers participate without holding a real estate license, as long as the licensed broker in charge handles the real estate transactions.

So, the statement that general partners may be non-licensed registered persons is true because licensing requirements can be satisfied by at least one licensed broker in the partnership who oversees the brokerage work, while other general partners may not hold licenses. The other options aren’t correct because there’s no requirement that all general partners be licensed brokers, sales associates can’t supervise brokerage activities, and corporations can indeed serve as general partners in this structure.