Is A Licensed Attorney Required To Hold A Real Estate License To Act As A Broker?
No. A licensed attorney is exempt from the licensure requirements pursuant to Section 3( 1) of the Real Estate License Act. The licensed attorney can do everything a broker can do except sponsor salespersons or act as the designated officer for a corporation or designated manager for a limited liability company. [Rule 535.31]
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
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